Global sales in the aerospace galley trolley and container market reached around 400,000 units in 2018, according to a new research report by Persistence Market Research. The study estimates that the trolley and container market is set to grow by 5.4% CAGR until 2029, boosted by a rise in air travel among developing countries.
According to the analysis, increasing aircraft fleet and rising passenger traffic is driving the growth of the air transport MRO market. This, in turn, is set to directly contribute to the growth of the galley cart and container market.
Furthermore, airline carriers are continuously transforming the interiors of their aircraft fleet to provide luxury and comfort to their passengers, contributing to growth in the galley trolley and container market until 2029 (the end of the report’s projection period). The global cart and container market reflected a value of around US$3.4bn in 2018, and is projected to increase to US$5.4bn by the end of 2029.
According to statistics provided by the International Air Transport Association (IATA), in 2017 the number of passengers travelling by air worldwide exceeded 4bn for the first time. Increasing disposable incomes, increasingly affordable air fares, and greater inclination towards travel are some of the factors set to continue to drive the traffic growth and propel the demand for more aircraft. Furthermore, a growing tourism industry, growing worldwide travel, inexpensive air travel fares, and improving facilities provided during air travel are contributing to the shifting of consumer preference towards air travel which, in turn, is driving the galley trolley and container market.
As per the study, prominent players in this market are offering a wide range of products with advanced properties, such as cold/refrigerated trolleys, lightweight containers, and even Kevlar cargo containers.
Smart electronic seals and locks for galley trolleys and containers are a significant advance for the way operators can utilise and manage their trolley fleet. Concern for security has led the aviation industry to fit smart locks, and this has become a dynamic factor in the trolley and container market. In addition, the excellence of onboard meal services depends heavily on a complex catering system consuming outbound stations. To offer consistent and excellent on-board meal services, refrigerated containers and galley trolleys are an important choice for airlines.
The report’s analysis also highlights insights into the competitive scenario of the aerospace galley trolley and container market, and the different strategies of prominent market players such as Zodiac Aerospace, Jamco Corporation, Rockwell Collins, Inc., and Geven S.p.A., among others. Furthermore, several significant players of the aerospace galley trolley and container market are adopting various strategies related to the consumer demand, such as new product launches, noteworthy development in the R&D to enhance their product portfolio and upgrading their products in the aspect of technology. For instance, in April 2016, Safran (previously Zodiac Aerospace) introduced the SmartLock catering solution, a touch-key cabin equipment security system, and also cold trolley, a food cart with innovative thermodynamics to keep beverages cold for longer.