July 21, 2024
Ict

Galley Equipment is the largest segment driving the growth of Aircraft Galley Equipment Market

Aircraft galley equipment is used in aircrafts for various in-flight catering purposes such as food and beverage preparation and storage. It includes refrigerators and freezers, beverage makers and coffee machines, ovens and cooking equipment, serving equipment and food storage containers. Such galley equipment enhances flying experience and provides comfort to passengers by ensuring quick and efficient meal service especially on long haul flights.

The global Aircraft Galley Equipment Market 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.

Market key trends:
One of the major trends driving the growth of aircraft galley equipment market is increasing demand for lightweight equipment. Aircraft manufacturers are continuously striving to reduce the overall weight of aircrafts in order to improve their fuel efficiency. This has increased the demand for lightweight variants of galley equipment made of advanced composite materials. For instance, in 2019, Bucher Group launched Ultima 40ES – a new generation of ultralightweight galley inserts which significantly reduces the weight of galley equipment units.

Segment Analysis
The global aircraft galley equipment market is segmented by product, aircraft type, and end-use. By product, trolleys and containers is the dominant segment as it accounts for over 30% of the total market share. This is attributed to the high demand for trolleys and containers to efficiently organize and store food, beverages, and other items during inflight services.

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 demand for new aircraft deliveries with advanced galley equipment.

Regional analysis
North America holds the largest share in the aircraft galley equipment market, accounting for over 35% of the global market share. This is attributed to major aircraft OEMs and airliner operators being headquartered in the region. Asia Pacific region is expected to witness the fastest growth over the forecast period owing to increasing passenger traffic and growing aviation industry in countries like China and India.

Key players
Key players operating in the Aircraft Galley Equipment Market include Aerolux Ltd., AVIC Cabin Systems, Boeing, Bucher Group, Diehl Stiftung & Co. KG, Dynamo Aviation, GAL Aerospace Group, JAMCO Corporation, RTX and Safran. Major players are focusing on new product launches and collaboration with airlines for cabin interior retrofitting to strengthen their market position.

The global aircraft galley equipment market size was valued at US$ 2.56 billion in 2023 and is projected to reach over US$ 4.21 billion by 2030, expanding at a CAGR of 6.5% during the forecast period.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it