Market Overview:
Aircraft galley equipment refers to the furniture and mechanical equipment inside aircraft cabins that help in food preparation and storage. This includes areas such as kitchens, pantries, food storage compartments and other food & beverage preparation and storage facilities. Aircraft galley equipment helps airlines to offer improved in-flight services for passengers and enhances the overall travel experience.
Market key trends:
One of the key trends driving growth in the global aircraft galley equipment market is the increasing demand for customized and digitized galleys. Aircraft component manufacturers are focusing on development of advanced and customized galley equipment with enhanced features to suit the unique needs of airlines. For instance, companies are offering 3D printed modular galleys, digitally connected systems and lightweight solutions to facilitate improved operations. Growing demand for premium economy class globally amid rising air travel is also fueling market growth. Moreover, increasing aircraft deliveries and fleet modernization programs by carriers are augmenting the demand for new and advanced galley equipment.
The global Aircraft Galley Equipment Market Demand is estimated to be valued at US$ 2.56 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The global aircraft galley equipment market is segmented by type, fit, aircraft type, and geography. Based on type, the market is segmented into galley inserts, galley Carts/Containers, galley frames. Galley containers/carts segment dominated the market in 2023 and is expected to maintain its dominance over the forecast period, owing to its high demand for storing purposes during flight.
Key Takeaways
The global aircraft galley equipment market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing air passenger traffic across regions.
Regional analysis: North America dominated the aircraft galley equipment market in 2023 and is expected to maintain its dominance over the forecast period. This is attributed to rising demand for new aircraft for domestic and international routes in the region. Asia Pacific is expected to witness fastest growth rate over the forecast period, owing to rising aircraft procurement and increasing passenger traffic in emerging economies of China and India.
Key players: Key players operating in the aircraft galley equipment market are SAFRAN, RTX, Aerolux Ltd, Diehl Stiftung & Co. KG, Jamco Corporation, Bucher Group, DYNAMO Aviation, GAL Aerospace, AVIC Cabin Systems, Boeing. The top players are focusing on new product launches and partnerships to strengthen their presence across major airports. For instance, in 2022, Diehl Aviation introduced new galley insert solutions - Premium Class Galley Insert for single-aisle aircraft and Business Class Insert for wide body aircraft.
The latest trending report Global Aircraft Galley Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Aircraft Galley Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 0.9% in the forecast period of 2020 to 2025 and will expected to reach USD 847.4 million by 2025, from USD 818.8 million in 2019.The Aircraft Galley Equipment market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/18232-aircraft-galley-equipment-market-analysis-reportMarket segmentationAircraft Galley Equipment market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Aircraft Galley Equipment market has been segmented into Galley Inserts, Galley Carts, Galley Frames, etc.By Application, Aircraft Galley Equipment has been segmented into Norrow-body Aircrafts, Wide-body Aircrafts, Others, etc.Regions and Countries Level AnalysisRegional analysis is another highly comprehensive part of the research and analysis study of the global Aircraft Galley Equipment market presented in the report.
For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Aircraft Galley Equipment market.The report offers in-depth assessment of the growth and other aspects of the Aircraft Galley Equipment market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Aircraft Galley Equipment markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Aircraft Galley Equipment Market Share AnalysisAircraft Galley Equipment competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Aircraft Galley Equipment sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
