Aircraft galley equipment are used in aircrafts for the storage, preparation and service of food and beverages. They include refrigerators, ovens, coffee makers and other appliances that facilitate inflight catering services. With the increasing passenger traffic, rising number of aircraft deliveries and growing preference for customized food & beverage offerings, the demand for advanced aircraft galley equipment is growing. Mobile galley systems are gaining popularity as they allow optimum galley configurations to be formed based on flight routes and passenger loads.
The global Aircraft Galley Equipment Market is estimated to be valued at US$ 2.56 Bn in 2024 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 key trends:
Mobile galley systems allow airlines to have flexible kitchen designs based on flight routes and passenger loads on a particular day. Their modular designs facilitate easy rearrangement of galley components. Leading aircraft galley equipment manufacturers are focusing on development of innovative mobile galley solutions to meet the changing operational needs of airlines. For instance, new mobile galley designs facilitate conversion between meal services and beverage cart setups within minutes. This is driving increased adoption of mobile galley systems in the industry.
SWOT Analysis
Strength: Aircraft galley equipment have efficient designs to withstand vibration and temperature variations during operations. They are also lightweight and require low maintenance.
Weakness: High initial costs associated with procurement and manufacturing of advanced galley equipment. Poor interoperability between different manufacturers’ products increases replacement costs.
Opportunity: Growing demand for lightweight, fuel-efficient aircraft to drive adoption of advanced lightweight galley materials. Rising passenger traffic in emerging economies of Asia Pacific and Middle East regions present new market opportunities.
Threats: Economic slowdowns can negatively impact commercial aircraft procurement and further investments in newer galley solutions. Stringent aviation safety regulations increase certification requirements for new products.
Key Takeaways
The global aircraft galley equipment market is expected to witness high growth over the forecast period of 2023 to 2030. The global Aircraft Galley Equipment Market is estimated to be valued at US$ 2.56 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030.
Regional analysis – North America is expected to dominate the global aircraft galley equipment market during the forecast period. This is mainly attributed to the presence of leading aircraft OEMs like Boeing and well-established MRO industry in the region. Asia Pacific is projected to be the fastest growing market for aircraft galley equipment driven by increasing aircraft fleet size and rising demand for air travel in countries like China and India.
Key players – 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. Major players are focusing on developing innovative, lightweight galley solutions to meet the growing demand from airlines for fuel-efficient aircraft.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
