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Aerospace Galley Trolley Market to Reach US$ 335.0 million in 2023

 


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The Aerospace Galley Trolley Market: Highlights 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. Aerospace Galley Trolley Market - Insights by Aircraft Type: 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.

Aerospace Galley Trolley Market - Insights by 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. Aerospace Galley Trolley Market - Insights by Region: 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. Asia-Pacific is likely to witness the highest growth in the market over the next five years, driven by a host of factors including the development of indigenous commercial and regional aircraft (CMAC’s C919 and Mitsubishi’s MRJ); the highest commercial aircraft fleet size, and opening of assembly plants of Boeing and Airbus in China. There is a healthy demand for all types of galley trolleys in the region for both line fit and retrofit usage. 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.

Source: https://www.stratviewresearch.com/22/aerospace-galley-trolley-market.html.

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