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Persistence Market Research (PMR) in its latest research report titled “Aerospace
Galley Trolley and Container Market: Global Industry Analysis 2012-2016 and
Forecast 2017-2025” presents in-depth market intelligence on the global aerospace
galley trolley and container market portraying market growth forecasts and shifting
dynamics associated with the global and regional markets. The global aerospace
galley trolley and container market is estimated to be valued at US$ 327.1 Mn by the
end of 2017, gaining US$ 133.2 Mn in the eight year period to reach US$ 460.3 Mn
by the end of the year 2025, growing at a CAGR of 4.4%.
Trolleys and containers utilized in commercial aircrafts are considered a part of
aircraft galley primarily falling under the umbrella term galley inserts. Trolleys are
used for the purpose of transporting food and beverages to the passengers within the
aircraft cabin while cabins are small storage boxes affixed in the aircraft galley for
storing small items such as food and ice among others.
The aerospace galley trolley and container market is primarily driven by growth in air
travel with passenger count growing at an average of 2% per annum as reported by
the International Air Transport Association (IATA), paving the way for higher
deployment of commercial aircrafts biding well for an uptick in the sales of galley
inserts. An aircraft is a capital intensive product requiring huge investments; hence,
airline carriers lease out used aircrafts from their fleet to upcoming players at a lower
cost. These new entrants opt for complete refurbishment of the aircraft interiors
replacing older components for new and lighter products including galley trolleys and
containers.
The potential of the market in the current and upcoming scenarios has been observed
to vary to a large degree when viewed through various geographical locations. Airline
carriers based in the North American and European region have a preference towards
wide body aircrafts; however the growth of the airline industry in these regions is in a
stagnant phase but may improve in the near future.Though the number of passengers
opting for air travel on a yearly basis is on the rise, its upsurge has not been met by
both airline carriers and aircraft manufacturers. This has put a large strain on the
aircraft manufacturers to produce aircrafts but are unable to deliver within the
stipulated time leading to an increase in backlogs and delays which can negatively
affect the growth of the aerospace galley trolley and container market, as the players
associated with its manufacture are directly dependent on aircraft production and
deliveries.
The market in Asia Pacific holds higher potential as many new airline carriers have
entered the market placing orders for a large volume of narrow body aircrafts while
the airline carriers in the Middle East region prefer very large aircrafts in order to
cater to the growing passenger count in the region.
Key Players
Zodiac Aerospace, Iacobucci HF Aerospace and Diethelm Keller are the
prominent players involved in the manufacture and distribution of galley trolleys and
containers taking up majority of the combined market share. Other players that hold a
small but significant market share include Korita Aviation, Norduyn Inc,
Flightweight Ltd., Egret Aviation among others. As the airline carriers demand
cabin interior products that are sturdy and light to reduce payload, the manufacturers
of trolley and containers invest heavily in developing build materials that are both
lightweight and resilient to extreme operating conditions.
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/aerospace-galley-trolley-and-container-market/toc
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