The analysts forecast global in-flight catering services market to grow at a CAGR of 6.41% during the period 2018-2022. The latest trend gaining momentum in the market is evolution of non-airline aviation services.
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The in-flight catering services market could benefit from the rise of personal and executive jets.
Commercial airlines are facing several challenges such as increased time for security checks, lengthy delays, frequent cancellations, and routes that have to cover major hubs, rather than smaller airports closer to the passengers' desired destinations.
Major key players in the global in-flight catering services market: Do & Co, Emirates Flight Catering, gategroup, LSG Lufthansa Service Holding, Newrest, and SATS
According to the in-flight catering services market report, one of the major drivers for this market is Expansion in existing fleet and launch of new airlines. The global in-flight catering services market is expected to witness a favorable environment because of the launch of new airlines and initiatives taken by established service providers to expand their fleet over the coming years, particularly in APAC, which will witness gradual growth.
A few noteworthy examples include the launches of AirAsia India, Ligare Aviation, and Air Costa.
Further, the in-flight catering services market report states that one of the major factors hindering the growth of this market is Fluctuating airline ticket prices. In recent times, the difference between the highest and lowest prices for every journey has been vast.
Sometimes prices in the days leading up to a flight can increase more than 100 percent from the original price.
Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Global In-Flight Catering Services Market 2018-2022:
Exhibit 1: Global in-flight catering services market in the global foodservices market 2017
Exhibit 2: Parent market
Exhibit 3: Global foodservices market
Exhibit 4: Market characteristics
Exhibit 5: Market segments
Exhibit 6: Market definition: Inclusions and exclusions checklist
Exhibit 7: Market size 2017
Exhibit 8: Validation techniques employed for market sizing 2017
Exhibit 9: Global in-flight catering services market: Market size and forecast 2017-2022 ($ bn)
Exhibit 10: Global in-flight catering services market: Year-over-year growth 2018-2022 (%)
Exhibit 11: Five forces analysis 2017
Exhibit 12: Five forces analysis 2022
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2017
Exhibit 19: Global in-flight catering services market: Market share by product 2017-2022 (%)
Exhibit 20: Comparison by product