Press release
Airport Catering Trucks Market is projected to expand at a 5.7% CAGR in terms of value by the forecast period 2028- States Fact.MR
The airport catering truck market continues to witness steady growth, as growing demand for aircraft ground support creates sustained opportunities for stakeholders.
Airport authorities and airline companies continue to invest in infrastructure development, which in turn is augmenting demand for airport catering trucks around the globe, finds a new study.
To get in-depth information view the report - https://www.factmr.com/report/800/airport-catering-trucks-market
Driven by increasing development of airports across developed and emerging economies, the airport catering trucks market is likely to expand at a CAGR of 5.7% in terms of value, reveals a new study compiled by Fact.MR.
In terms of volume, the report expects over 3 billion airport catering trucks to be sold by 2028.
Developed Economies Continue to be at the Forefront of Demand
With growing expenditure on aviation infrastructure in developed counties of North America and Europe, the sales volume of airport catering trucks is expected to remain concentrated in the United States, Germany, the United Kingdom and Russia.
North America region is at the vanguard of global demand, followed by European countries – surging popularity of air travel in developing countries is complementing demand.
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=800
Growing emphasis on enhancing airport infrastructure, coupled with increasing number of airports in emerging economies of India and China has been instrumental in driving sales in these regional markets.
China is likely to ramp up demand for airport catering trucks – the Government of China plans to develop 136 new airports by 2025. Sales are also likely to be resurgent in Oceania and India.
Pricing Pressures Continue to Fuel Demand for Non-refrigerated Trucks vis-à-vis Refrigerated Variants
Refrigeration has always been a major factor of concern, when it comes to transportation of food products. Refrigeration incurs high costs, which consequently increases the overall pricing of airport catering trucks.
Preference for airport catering trucks without refrigeration has conventionally remained higher owing to pricing pressures, and the status quo is likely to remain unaltered during the period of assessment, 2018-2028.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=800
Hybrid Airport Catering Trucks Sales Nearly 19x of its Electric Counterpart
The report finds that hybrid catering trucks continues to remain the preferred option among end-users. Hybrid airport catering truck market valuation is about 19 times more than electric catering trucks.
With increasing end user demand for flexibility in fuel consumption and economy, coupled with engine robustness and power, hybrid airport catering trucks continue to be an economically-feasible option for end-users.
However, with increasing environmental concerns and environmental safety regulations laid by EPA (Environment Protection Act) regarding carbon dioxide emissions, electric catering trucks are expected to witness significant demand and are poised to expand at a higher value CAGR, albeit from a low base.
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.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/800/S
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website - https://www.factmr.com/
Content Source - https://www.factmr.com/media-release/498/airport-catering-trucks-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Airport authorities and airline companies continue to invest in infrastructure development, which in turn is augmenting demand for airport catering trucks around the globe, finds a new study.
To get in-depth information view the report - https://www.factmr.com/report/800/airport-catering-trucks-market
Driven by increasing development of airports across developed and emerging economies, the airport catering trucks market is likely to expand at a CAGR of 5.7% in terms of value, reveals a new study compiled by Fact.MR.
In terms of volume, the report expects over 3 billion airport catering trucks to be sold by 2028.
Developed Economies Continue to be at the Forefront of Demand
With growing expenditure on aviation infrastructure in developed counties of North America and Europe, the sales volume of airport catering trucks is expected to remain concentrated in the United States, Germany, the United Kingdom and Russia.
North America region is at the vanguard of global demand, followed by European countries – surging popularity of air travel in developing countries is complementing demand.
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=800
Growing emphasis on enhancing airport infrastructure, coupled with increasing number of airports in emerging economies of India and China has been instrumental in driving sales in these regional markets.
China is likely to ramp up demand for airport catering trucks – the Government of China plans to develop 136 new airports by 2025. Sales are also likely to be resurgent in Oceania and India.
Pricing Pressures Continue to Fuel Demand for Non-refrigerated Trucks vis-à-vis Refrigerated Variants
Refrigeration has always been a major factor of concern, when it comes to transportation of food products. Refrigeration incurs high costs, which consequently increases the overall pricing of airport catering trucks.
Preference for airport catering trucks without refrigeration has conventionally remained higher owing to pricing pressures, and the status quo is likely to remain unaltered during the period of assessment, 2018-2028.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=800
Hybrid Airport Catering Trucks Sales Nearly 19x of its Electric Counterpart
The report finds that hybrid catering trucks continues to remain the preferred option among end-users. Hybrid airport catering truck market valuation is about 19 times more than electric catering trucks.
With increasing end user demand for flexibility in fuel consumption and economy, coupled with engine robustness and power, hybrid airport catering trucks continue to be an economically-feasible option for end-users.
However, with increasing environmental concerns and environmental safety regulations laid by EPA (Environment Protection Act) regarding carbon dioxide emissions, electric catering trucks are expected to witness significant demand and are poised to expand at a higher value CAGR, albeit from a low base.
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.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/800/S
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website - https://www.factmr.com/
Content Source - https://www.factmr.com/media-release/498/airport-catering-trucks-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
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