An exhaustive study on airport catering trucks commenced by Fact.MR reveals essential insights related to various market macroeconomics and aviation industry specific aspects that exert an influence the growth of the airport catering truck market. These insights have been included in a new research publication compiled by Fact.MR in its recent publication named global airport catering truck market.
Post the recovery of global economy from a devastating downturn on the back of 9/11 attacks, the aviation industry is set to encounter encouraging growth triggers, which is likely to trickle down to improved airport infrastructure, maneuvering a pool of opportunities across support equipment and services, inclusive of airport catering trucks. Lucrative business outlook across emerging economies, and massive demand traction for both business and recreational travel, aviation industry is poised to witness robust expansion, favoring impressive growth in airport catering trucks space.
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Backed by stern consumer preferences for timely and comfortable travel which is likely to remain a dominant trend in the coming years, aircraft stakeholders are akin on diversifying their production capabilities to resonate demand upsurge. Demands for airport catering services is also likely to witness concomitant growth. This high end infrastructure development is well supplemented by appropriate government initiatives to enhance aviation offerings, aligning with fast evolving consumer preferences. Customer preferences for superlative food offerings, high on hygiene and palatability are likely to fuel product differentiation in airport catering trucks. Leading market participants are complying with user preferences with enhanced hybrid airport catering trucks. However, emergence of electric airport catering trucks is likely to eventually replace hybrid trucks owing to their negligible fuel emissions. Growing environment protection concerns and need for adequate fuel efficiency are expected to serve as potential growth enhancers in airport catering trucks market.
Developed economic regions such as North America and Europe will likely sustain their lead as lucrative regional hubs backed by their robust airport infrastructure development endeavors and highly concentrated consumer base. However, emerging economies on the back of fast expanding airport infrastructure development across India and China favor APAC’s onward rise, thereby augmenting amplifying growth prospects in airport catering trucks market.
Higher Consumer Preference to Augment Demand
Air travel continues to gain high momentum with growing number of people opting for air travel mode, either for leisure activities or business travel, albeit higher costs associated with air travel. According to IATA (International Air Transport Association), based on a 3.6 percent year-on-year growth, more than 7 billion passengers are expected to adopt air travel by 2036. This has influenced aircraft manufacturers to enhance their production capacities to cater to this anticipated growing demand for air travel.
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Airport Catering Trucks Market: Overview
The airport catering trucks market has been analyzed in detail to offer definitive forecast insights on the market for the period 2018-28. This report is an exhaustive compilation of a detailed overview of airport catering trucks market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.
The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of airport catering trucks market to offer veritable insights on segments’ historical and future growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors.
Detailed overview of airport catering trucks market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures.
Airport Catering Trucks Market: Competition Landscape
The report finds that participants are focusing on launching electric catering trucks to fulfil their increasing demand. In addition, manufacturers are aiming to consolidate their position in the airport catering trucks business, particularly in the emerging economies given their significant potential for growth. Some of the leading players include Alvest Group, Global Ground Support Equipment LLC, Mallaghan Engineering Ltd., DOLL Fahrzeugbau GmbH, Eagle Industries DWC-LLC, Jiangsu Tianyi Airport Special Equipment Co., Ltd., Cartoo GSE, WEIHAI Guangtai Airport Equipment Co., Ltd., and Sovam.
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