Aircraft Galley Equipment Market Is Estimated To Witness A CAGR Of More Than 4% During The Forecast Period From 2018 To 2023.
The key players in Aircraft Galley Equipment Market are AEGIS Power Systems, Inc. (U.S.), AEROSILA (Russia), Honeywell International Inc. (U.S.), Hamilton Sundstrand Corp (U.S.), Kinetics Ltd. (Israel), Technodinamika (Russia), Safran Power Units (France), Rolls-Royce plc. (England), United Technologies (U.S.), and United Technologies Corporation—Pratt & Whitney Division (U.S.).
Different design specifications demanded by airlines have always been a big challenge for the aircraft galley equipment market. The low-cost airlines prefer fewer and less complex galleys. The airlines targeting high-profile clients prefer providing best services to their customers. Thus, they are looking for better galley equipment that allows them to serve passengers fresh food and drinks. Ergo, all airlines are demanding galley manufacturers design galley with high functionality and durability while occupying limited space of the cabin.
The global aircraft galley equipment market is segmented based on the aircraft type into narrow-body aircraft, wide-body aircraft, very large body aircraft, regional aircraft, and business jets. Wide-body aircraft is anticipated to remain the most dominant and fastest-growing segment of the global aircraft galley equipment market over the next few years. Increasing manufacturing rates of B787 and A350XWB aircraft programs are driving the demand for galley equipment in the segment. Narrow-Body aircraft is likely to generate strong demand for galley equipment over next decade.
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The major drivers for market growth are rising demand for aircraft, increase in demand for lightweight galley equipment, and demand for galley customization as per customer preference. Increasing demand for ease and comfort in various aircraft has raised the demand for state-of-the-art galley equipment. Although it has enormous applications, the growth of aircraft galley equipment market faces a few hurdles. Growing acceptance of low-cost carriers for various commercial and personal purposes has restricted the market growth. Moreover, companies in this market face a continuous challenge of reducing weight and size of galley equipment.
Scope of the Report
This study provides an overview of the global aircraft galley equipment market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aircraft Galley Equipment market by its galley type, fit, inserts, application, and Region.
By Galley Type