The market was valued at $19.6 billion in 2022 but is expected to be worth around $35.1 billion by 2032, according to data provided by Fact.MR.
Around a billion meals are served to passengers annually by the enormous industry of airline catering. At this size, it falls on airlines and caterers to find, cook, and deliver hundreds of meals for each flight. Due to its complexity, airplane food is a crucial component of the flying experience for airlines. As the number of ultra-long-haul flights has increased, airlines have been forced to develop new culinary strategies to keep passengers awake when they need to be.
Generally, in these vehicles, lifting and lowering of the truck is carried out using a hydraulic scissor mechanism, which ensures that the such catering vehicle can cater to every type of aircraft, be it small or large body aircraft. Large international airlines, sometimes, do more than a thousand take-offs and landings every day and catering services enhance passengers’ comfort.
Growth factors
The aviation industry has always been under the scanner of regulating authorities and is required to adhere to various guidelines issued by them. Several regulations existing with regard to aircraft ground support equipment are the key factors driving the growth of the market.
Growth in air passenger traffic across the globe is also one of the major factors propelling the demand, which in turn, is expected to contribute to the global market in the coming years.
However, one of the challenges restraining the growth is the lack of trained professionals to operate specific aircraft ground support equipment. This can indirectly result in safety hazards as well as low production output.
Regional insights
The USA, Brazil, China, and the European Union are some of the key markets for commercial flights which make up most of the air travel industry. Low-cost airlines have started to appear as a result of the development of supplementary revenue sources, automated ticketing technology, and the growing liberalisation of civil aviation in many countries throughout the world. This further anticipated increasing the demand for aircraft catering solutions.
Owing to the increasing number of airports and the modernisation of the existing ones, the global market is expected to witness significant growth in the coming years. The demand in North America is expected to be lucrative due to the presence of a large number of airports in the region.
