by 
Aircraft galley equipment refers to various equipment and components installed in aircraft for food storage, preparation and dispensing during flights. Some key products include galley containers, galley inserts, food warmers, beverage makers, water & waste systems and other storage equipment. With growing air travel and demand for enhanced in-flight amenities, the aircraft galley plays a critical role in meeting passenger expectations of quality food and service experience onboard flights.
The Aircraft Galley Equipment Market is estimated to be valued at US$ 2.56 Bn or in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising aircraft procurement supported by recovering air passenger traffic post pandemic is a key driver for aircraft galley equipment market. Manufacturers are witnessing higher demand for new aircraft platforms which will require sophisticated galley inserts and containers. Additionally, growing preference among airlines for customized and modular galley systems further aids the equipment replacement cycle. However, high costs associated with equipment purchase and maintenance along with certification requirements pose a challenge. Airlines are also focusing on sustainable and lightweight galley solutions to improve fuel efficiency. This has led manufacturers to increasingly offer eco-friendly products made from recyclable materials.
Segment Analysis
The global aircraft galley equipment market is dominated by the economy class segment. The economy class segment accounts for more than 60% share of the total aircraft galley equipment market owing to rise in air travel of economy class passengers across both developed and developing regions of the world. With increasing air passenger traffic, airlines are focusing on enhancing passenger experience and comfort even in economy class by upgrading existing galley equipment as well as incorporating new designs.
PEST Analysis
Political: Aviation regulations by Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) regarding safety and design of galley equipment influence the market.
Economic: Growth in air passenger traffic globally coupled with rising middle class population is fueling demand for new aircrafts and retrofitting of existing fleet, propelling market revenue.
Social: Increasing preference of air travels among consumers is driving airlines to enhance overall flying experience including onboard services and amenities, benefitting galley equipment providers.
Technological: Integration of advanced technologies like IoT and lightweight materials in galley design for better handling and storage is a key trend shaping the market.
Key players operating in the aircraft galley equipment market are Aerolux Ltd., AVIC Cabin Systems, Boeing, Bucher Group, Diehl Stiftung & Co. KG, Dynamo Aviation, GAL Aerospace Group, JAMCO Corporation, RTX and Safran. Key players are focused on developing modern and customized galley solutions for various aircraft types to strengthen their position.
Regional analysis: North America dominates currently with largest share due to strong presence of aircraft galley equipment manufacturers in the region. Asia Pacific region is poised to lucrative growth owing to expanding commercial aviation sector in countries like China and India.
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 preference for air travelling among consumers globally. The market size for 2023 is estimated to be US$ 2.56 Bn.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
