Aided by the decline in crude oil price, airport catering trucks market has unexpectedly witnessed smooth conditions. Prospects of the airport catering trucks market continues to remain promising, with demand for the aircraft ground support creating sustained opportunities for the stakeholders. Airline companies and airport authorities are making continuous investments in the infrastructure development, thereby augmenting the adoption of airport catering trucks worldwide.

The airport catering trucks market will record a steady 5.7% value CAGR during the forecast period (2018-2028), according to a recently compiled Fact.MR study. The report foretells volume sales of airport catering trucks market to surpass 3 billion units by 2028-end, driven primarily by increased development of airport infrastructure across emerging and developed markets. High costs associated with refrigeration, major concerning factor considered in the transportation of food products, has consequently rubbed off on overall cost of airport catering trucks. Preference of end-users has therefore remained inclined toward non-refrigerated airport catering trucks, and the status quo is expected to prevail in the period of forecast.

Hybrid catering trucks continue to remain the mainstay of end-users. The report states that the market valuation of hybrid airport catering truck is approximately 19 times more than their electric counterparts. With growing emphasis of end-users on flexibility in fuel economy and consumption, coupled with engine power and robustness, hybrid airport catering trucks have gained immense traction as an economically-viable option. However, EPA’s environment safety regulations along with rising environmental-consciousness are likely to confine adoption of hybrid and conventional airport catering trucks, and spur the adoption of electric variants.

North America continues to be at the vanguard of the airport catering trucks market, trailed by Europe, with growth complemented by surging customary of air travel. In these regions, airport catering trucks market will remain concentrated in the US, the UK, Germany, and Russia, in light of immense expenditure on the aviation infrastructure in these countries.

The report opines that prominent stakeholders in the airport catering trucks market have directed their focus toward development of electric airport catering trucks. Leading manufacturers are focusing on consolidating their position in the emerging nations to tap into latent opportunities. Key market players profiled by the report include Eagle Industries DWC-LLC, Global Ground Support Equipment LLC, DOLL Fahrzeugbau GmbH, and Jiangsu Tianyi Airport Special Equipment Co., Ltd.

The insights presented here are from a research study on Airport Catering Trucks by Fact.MR