Aircraft Catering Vehicle Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2032

Aircraft Catering Vehicle also known as catering trucks or airline catering trucks are specialized vehicles that are used to transport food, beverages and other supplies to aircrafts that are parked at the airports, they are equipped with insulated compartments to accommodate a variety of meal trays and beverages and other catering supplies and temperature control systems and are designed to maintain the quality and freshness of food items during transport. These vehicles come in various sizes and configurations to cater to different types of catering operations.

MARKET OVERVIEW

The global market valuation of Aircraft Catering Vehicle market was valued at approximately USD 22.7 Billion in 2022 and is projected to reach USD 34.6 Billion by 2032 growing at a CAGR of 2023-2032, these vehicles plays a crucial role in the aviation industry which ensures that the passengers in the airline are provided with meals and refreshments. Overall, the aircraft catering vehicles are essential asset for the aviation sector and will continue to growth with respect to the aviation sector being a sustainable market.

GROWTH DRIVERS

The rising global air travel drives the demand for aircraft for the market as more the passengers are opting for air travels more the airline company need to provide meals to enhance the experience of the passengers and airlines marketing strategy for by providing complimentary meals with the airline tickets is also driving the growth of the market.

The airlines expanding their fleet to accommodate increasing passengers which leads to the growth in the requirement for additional catering services in the aircraft and as well as the airlines offering different kinds of menus is one of significant driver. The increasing development in the airport infrastructure creates opportunities and expansion for different sectors under airports which also includes catering vehicles and that leads to the growth of the market.

MARKET SEGMENTATION:

·         By Aircraft Type – commercial, private, cargo and other aircrafts

·         By Payload Capacity – low capacity, medium capacity and high capacity

·         By Platform Height - Less than 4m, 4m to 6m, more than 6m

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Aircraft Catering Vehicle Market by Aircraft Type Segment Review:

The commercial aircraft segment dominates the aircraft catering vehicle market due to high volume of passengers and flights operated by commercial airlines globally and large commercial aircraft is more passengers require more in-flight meals and these flights flies on predetermined routes which includes longer and shorter journey in which longer journey requires more food and drink on board.

The private aircraft segment represents a niche market where they cater to the needs of high network individuals, corporate executives and high net worth individuals where these vehicles offer catering solutions tailored according to the preferences of the passenger which may also include different kinds of premium food and beverage selections whereas the cargo aircrafts is also an important segment for catering vehicles to cater the crew of the flight and other category involves military, government and other aircrafts.

Aircraft Catering Vehicle Market by Payload Capacity Segment Review:

The low-capacity cratering vehicles has a payload capacity of less 2000kg, and they cater to airlines on a small scale or cater to smaller aircrafts commonly used for short range or short haul flights whereas vehicles with medium payload capacity have a payload capacity between 2000kg to 4000kg which caters to a broader range of aircrafts and offer increased storage space and payload capacity compared to the low-capacity segment and high capacity catering vehicles offers more than 4000 kg of payload capacity because they need to handle large volume of catering goods and to cater long range flights or cargo aircrafts.

Aircraft Catering Vehicle Market by Platform Height Segment Review:

Aircraft catering vehicles with a platform height of less than 4 meters are designed to cater smaller aircrafts and small business jets where the vehicles features lower platform heights where they easily facilitate the access of the aircraft door and cargo compartment which enables efficient loading and unloading of catering supplies.

Catering vehicles with a platform height ranging from 4 to 6 meters are suitable for catering a broader range of aircrafts where these vehicles offer increment in platform elevation compared to low height models. The vehicle with a platform height which exceeds 6m are designed special to handle the need of large aircraft or long-range aircrafts or business jets or heavy cargo aircraft.

Aircraft Catering Vehicle Market by Regional Analysis:

America is a significant market for aircraft catering vehicles which is driven by the presence of big giants of aviation sectors and the presence of robust aviation airports and presence of key global companies in this region is driving the market towards growth. Europe is a prominent market You think of low-cost carriers in this region which includes Gate group and robust aviation infrastructure.

Asia Pacific is a lucrative market which is driven by rapid urbanization and the expansion of low-cost carrier with the increasing air travels. Middle East and Africa is a promising market because of the presence of a big company like Emirates which is known for its customer experience and growing tourism and business travels with the investments in infrastructure which also includes airports infrastructure.

Key Challenges:

The complexity of airline catering services which include logistical challenges and delivery on time with the coordination of. airlines timing is a significant challenge for the market as it may require scheduling of the orders because the aircraft is not on scheduled time. The significant cost which includes the rising fuel prices, the labor expenses with maintenance cost.

Impacts the profitability of aircraft catering vehicle operators upon that they need to maintain the service quality is very much challenging for the market. The shortage of raw materials or components may impact the availability of catering vehicles which leads to the disruption in supply chain is key challenge for the market.

Competitive Landscape:

The leading companies are offering a wide range of catering vehicles which leds them to cater diverse operational requirements and gives them a competitive edge in the market. The companies are investing in research and development to innovate and introduce advanced features in the catering vehicles like lifting mechanism and much more.

The companies to differentiate themselves from the market are providing tailored solution to the specific requirement of the client and providing after sales support services. The companies are expanding their business into a new geographic region and into emerging market where there is growing air travels to target new customer share and capture new market share.

Global Key Players:

·         Smith Transportation Equipment

·         Mallaghan GSE

·         KOV Velim

·         SOVAM

·         LAS-1

·         TECNOVE

·         Global Ground Support

·         Doll Fahrzeugbau

·         Eagle Industries DWC

·         Cartoo GSE