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| A10194 | Pages: NA | Aug 2021 | 478 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Airport Catering Truck Market
Request Now !The global airport catering truck market is expected to have a significant demand growth owing to increase in global air passenger traffic, demand for cost-effective and profitable catering. Developed economies have demonstrated the huge growth potential of aviation industry, being a subset of this gigantic industry airport catering truck market offers an excellent investment horizon for both developed and developing economies. Major objectives of airport catering truck market are to assist inflight catering, loading and unloading of luggage.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Capacity, Application, Product Type, Maximum Sill Height, and Region |
Regions covered | North America (The U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | Mallaghan Engineering Ltd, DOLL Fahrzeugbau GmbH, Jiangsu Tianyi Airport Special Equipment Co., Ltd, Rucker Equip. Industriais Ltda., Smith Transportation Equipment, AIR T, INC, AlVEST, Rucker Equip. Industriais Ltda, Eagle Industries DWC-LLC, and Global Ground Support Equipment LLC. |
COVID-19 scenario analysis:
Airport catering truck market has been particularly impacted by global travel ban, closing of airports and grounding of flights, owing to the COVID-19 scenario.
Manufacturers of airport catering truck system are facing procedural problems caused by disruption in supply chain of raw materials & components, caused by the statutory lockdown imposed by authorities to slow down the COVID-19 spread.
Delay in construction and upgradation for on-going projects of airport were induced by the COVID-19 pandemic.
After the COVID-19 outbreak the footfall of passengers has seen a massive decline in this rapidly growing market of aviation industry which further incurred financial losses in maintenance of airlines & airports without revenue growth.
Proliferating investments in airport infrastructure globally, increase in number of airports, and rise in air transport are the factors that drive the global airport catering truck. Accidents and legal restrictions are restraints for the market growth. Factors such as nimble flight time market, swift operation of the aircraft and multiple flights at the airports further increases the demand of airport catering trucks.
The global airport catering truck market trends are as follows:
Increase in per capita income affected the preferences of people, comfort is among the most valued commodities in travelling nowadays. To address the consumer’s need of comfort the aviation industry is focussed on betterment of the air travel and services associated with it. In 2019, Adani group won the bidding of rights to run public funded Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati airports for 50 years from the central government. Globally airports possess high income generation possibilities and has led to growth in number of investments for the airport catering truck market.
With increase in commercial as well as non-commercial air transport in the emerging and expanding economies, growth in number of airports is often supported strongly by the regulating authorities to provide strategic support for the economic growth in a region or nation. For instance, China's civil transport airports have reached to 238 in total by the end of 2019, and is expected to reach 241 by 2020’s end. In this day and age of globalization and connectivity air travel is frequently chosen as the best possible way of transport. This increase in demand of air travel in due course gives rise to growth of airport catering truck market.
Key segments covered:
Segments | Sub-segments |
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Key benefits of the report:
Questions answered in the airport catering truck market research report:
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