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The Market of Aerospace Galley Trolley to grow beyond US$ 335.0 million by 2023
The new report of Stratview Research analyses the Aerospace Galley Trolley market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Published 03 July 2019
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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An overview: The need for lightweight galley trolley
The aerospace galley trolley market offers a healthy growth opportunity over the next five years to reach an estimated value of US$ 335.0 million in 2023. Increasing production rates of world’s best-selling commercial aircraft, such as B737, A320 family, B787, and A350XWB, an advancement in trolley technology and design, increasing demand for lightweight galley trolley, and growing aircraft fleet size are the key forces that are driving the demand for galley trolleys in the aerospace industry.
Wide-body aircraft: The growth engine
The aerospace galley trolley market is classified based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets. Wide-Body aircraft is projected to maintain its leadership in the aerospace galley trolley market during the forecast period, driven by a host of factors including increasing demand for next-generation wide-body aircraft, such as B787 and A350XWB; the introduction of fuel-efficient variants of some wide-body aircraft programs, such as A330neo and B777x; higher number of galley trolleys per aircraft as compared to narrow-body aircraft, and growing aircraft fleet size.
A highly/moderately/fragment consolidated Market
The key galley trolley manufacturers are Zodiac Aerospace, Jamco Corporation, Diethelm Keller Aviation, Flightweight, Korita Aviation, and Norduyn Inc. New product development, regional expansion, and formation of long-term contracts are the key strategies adopted by the key players to gain a competitive edge in the market. All players are investing heavily in the development of lightweight trolleys and advancement in trolley technology.
The supply chain of this market comprises raw material manufacturers, galley trolley manufacturers, galley manufacturers, aircraft OEMs, and airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries, whereas the key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.
Regional Hegemony of North America & the dominance of line fit and retrofit segments
Based on the regions, North America is projected to maintain its leadership in the market during the forecast period of 2018 to 2023. The region is the manufacturing capital of the aerospace industry with the presence of major aerospace OEMs, tier players, trolley manufacturers, distributors, airlines, and raw material suppliers. The USA is the projected to remain the growth engine of the region’s market over the next five years.
Based on the fit type, both line fit and retrofit segments are likely to offer a healthy opportunity over the next five years. However, the retrofit segment is likely to witness a higher growth during the forecast period driven by growing aircraft fleet size coupled with an increased demand for lightweight trolleys.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report
An overview: The need for lightweight galley trolley
The aerospace galley trolley market offers a healthy growth opportunity over the next five years to reach an estimated value of US$ 335.0 million in 2023. Increasing production rates of world’s best-selling commercial aircraft, such as B737, A320 family, B787, and A350XWB, an advancement in trolley technology and design, increasing demand for lightweight galley trolley, and growing aircraft fleet size are the key forces that are driving the demand for galley trolleys in the aerospace industry.
Wide-body aircraft: The growth engine
The aerospace galley trolley market is classified based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets. Wide-Body aircraft is projected to maintain its leadership in the aerospace galley trolley market during the forecast period, driven by a host of factors including increasing demand for next-generation wide-body aircraft, such as B787 and A350XWB; the introduction of fuel-efficient variants of some wide-body aircraft programs, such as A330neo and B777x; higher number of galley trolleys per aircraft as compared to narrow-body aircraft, and growing aircraft fleet size.
A highly/moderately/fragment consolidated Market
The key galley trolley manufacturers are Zodiac Aerospace, Jamco Corporation, Diethelm Keller Aviation, Flightweight, Korita Aviation, and Norduyn Inc. New product development, regional expansion, and formation of long-term contracts are the key strategies adopted by the key players to gain a competitive edge in the market. All players are investing heavily in the development of lightweight trolleys and advancement in trolley technology.
The supply chain of this market comprises raw material manufacturers, galley trolley manufacturers, galley manufacturers, aircraft OEMs, and airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries, whereas the key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.
Regional Hegemony of North America & the dominance of line fit and retrofit segments
Based on the regions, North America is projected to maintain its leadership in the market during the forecast period of 2018 to 2023. The region is the manufacturing capital of the aerospace industry with the presence of major aerospace OEMs, tier players, trolley manufacturers, distributors, airlines, and raw material suppliers. The USA is the projected to remain the growth engine of the region’s market over the next five years.
Based on the fit type, both line fit and retrofit segments are likely to offer a healthy opportunity over the next five years. However, the retrofit segment is likely to witness a higher growth during the forecast period driven by growing aircraft fleet size coupled with an increased demand for lightweight trolleys.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
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