Global Airport Catering Trucks Market to Record Sales of Over 3 Billion Units by 2028
In the wake of surging demand for aircraft ground support equipment, the global airport catering truck market is poised to witness substantial growth in the coming years. This, in turn, will enable the key stakeholders in the global market to tap into numerous sustained opportunities. Moreover, soaring investments in infrastructure from the airport authorities and airline companies will tend to magnify the demand for airport catering trucks globally. The airport catering trucks market is predicted to manifest an exponential CAGR in terms of value and witness a remarkable sales figure by 2028.
In the past few years, the aviation industry has registered ample of potential opportunities in the light of advanced infrastructure. Enhancement of aviation services is all set to create immense business opportunities for airport ground support equipment and services. This, in turn, has been pushing the growth of prominent subsets like airport catering trucks. As an integral part of hospitality, it becomes imperative for the airport management to provide satisfactory services, including hygienic food products. Passengers in the long haul flights tend to seek food products in the airports on a larger scale, which is further poised to spur the demand for airport catering trucks.
Sales of Hybrid Airport Catering Trucks to be around 19x of its Electric Analogue
Hybrid catering trucks are envisaged to be the most sought-after one among end-users. The sales of hybrid airport catering trucks are poised to be 19 times more than the electric catering trucks, making it a significant segment to cash in. Factors like demand for high flexibility in fuel consumption coupled with engine robustness and power is poised to further push the adoption of hybrid airport catering trucks making it an economically-feasible option.
Developed Countries Continue to Lead, Emerging Economies to Trail the Former
With the flourishing aviation framework in countries like North America and Europe, countries like US, Germany, UK and Russia are expected to prosper in terms of units sold. North America is poised to be at the forefront in terms of global demand, European countries are further projected to trail the former. India and China are likely to ramp up in terms of demand for airport catering trucks in the light of sprouting aviation infrastructure in these regional markets.
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