Aircraft Catering Vehicle Market Drive $37.95 B,5.9% CAGR by 2032

Aircraft Catering Vehicle Market Size Worth $37.95 Billion By 2032 | CAGR: 5.9%


The global aircraft catering vehicle market size is expected to reach USD 37.95 billion by 2032, according to a new study by Polaris Market Research. The report “Aircraft Catering Vehicle Market Share, Size, Trends, Industry Analysis Report, By Aircraft Type (Commercial, Private, Cargo); By Catering Service Type; By Platform Height; By Payload Capacity; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Aircraft catering vehicles play a crucial role in the management of catering services to passengers and cargo transportation. The increasing global agreements for the welfare of travelers and catering services in the aircraft industry are creating new growth potential for the global market. For instance, the International Air Transport Association (IATA) released its updated Standard in-flight Catering Agreement (SICA) in collaboration with the Airline Catering Association in 2022. This SICA template is likely to enhance vehicle catering procurement around the world.

Furthermore, IATA handles approximately 300 airlines, accounting for 83% of the global air traffic. This agreement may positively assist airlines and caterers in efficiently managing and resolving traveler issues and enabling them to meet passengers' pleasant travel expectations.

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Growing expansion activities are widening the expansion of the global market. AURELIUS Group, a private equity firm, completed the acquisition of airline catering and retail company LSG Group in October 2023. This will create new investment opportunities in the market, which may contribute to the rising research and development activities, driving innovations in the marketplace.

Furthermore, according to the SATS press release, it registered a rise in revenue from SGD 823.1 million to SGD 1.2 billion in FY2024 from SGD 375.5 in 1Q, attributable to the revenue contribution from its recently acquired company WFS and increased flight handles. Meals served by the company after the acquisition increased by 120% from a year ago to 12 million, in line with the travel recovery. This demonstrates the ongoing rise in the need for food on air travel, which will further create demand for catering vehicles.

Aircraft Catering Vehicle Market Report Highlights

  • The commercial segment is anticipated to witness the highest growth in the coming years due to the presence of the largest air travelers.
  • In-flight meals segment accounted for the largest market share owing to the requirements of higher storage.
  • The more than 6m segment is projected to experience a larger revenue share due to the establishment of larger aircraft in the global space.
  • Asia Pacific will grow at a rapid pace, owing to the growing establishments of flight kitchen services.
  • The global players include Doll Fahrzeugbau, EAGLE INDUSTRIES DWC, Global Ground Support, and Jiangsu Tianyi Airport Special Equipment.

Polaris Market Research has segmented the aircraft catering vehicle market report based on aircraft type, catering service type, platform height, payload capacity and region:

Aircraft Catering Vehicle, Aircraft Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Commercial Aircraft
  • Private Aircraft
  • Cargo Aircraft

Aircraft Catering Vehicle, Catering Service Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • In-Flight Meals
  • Beverages and Snacks

Aircraft Catering Vehicle, Platform Height Outlook (Revenue - USD Billion, 2019 - 2032)

  • Less than 4 m
  • 4 to 6 m
  • More than 6 m

Aircraft Catering Vehicle, Payload Capacity Outlook (Revenue - USD Billion, 2019 - 2032)

  • Low capacity (Less than 2000 kg)
  • Medium capacity (2000 kg to 4000 kg)
  • High capacity (More than 4000 Kg)

Aircraft Catering Vehicle, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Aircraft Catering Vehicle Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 23.99 billion

Revenue forecast in 2032

USD 37.95 billion

CAGR

5.9% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Aircraft Type, By Catering Service Type, By Platform Height, By Payload Capacity, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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