The global Aircraft Galley Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Aircraft Galley is a piece of vital equipment inside the cabin of an airplane. It is a compartment of an aircraft where food is cooked and prepared. It has a direct or indirect impact on a traveler's flight experience. The Aircraft Galley market is expanding because of factors such as the rising demand for air passenger traffic and the growing number of onboard passengers is driving the growth for the market.
According to the Airports Council International in 2022, the passenger volumes in 2021 reached around 9.8 billion passengers. Also, in the first two quarters of the year 2022, the volume of global passenger volume was 1.3 billion and 1.7 billion which are 62.0% and 75.2 % of 2019 levels Whereas preference for new generation of aircraft and modernization across the aviation industry create lucrative opportunities for the market. However, technological and design complexity hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Aircraft Galley Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing air passenger traffic, growing tourists' destinations and ease of access to air travel. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing demand for new air crafts, and growth activities by market players in the forecast period.
Major market players included in this report are:
- Aerolux Ltd.
- AIM Altitude
- United Technologies Corporation
- Bucher Group
- Commercial Aircraft Equipment
- Diehl Stiftung & Co. KG
- Dynamo Aviation Inc.
- JAMCO Corporation
- Korita Aviation
- MAPCO & Miller Metal MFG
Recent Developments in the Market:
- In March 2022, TCI Turkish Cabin Interior has agreed to design and manufacture interior products, including galleys, for Lynx Air, Canada's low-cost airline, for their fleet of 40 Boeing 737 MAX 8 aircraft.
- In February 2022, Bucher delivered the first fully customized galleys and stowage to Airbus Toulouse for installation on the new STARLUX A330-900neo.
Global Aircraft Galley Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Aircraft Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Aircraft Type:
- Single aisle
- Twin-aisle
- Business Jets
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC