Aircraft Galley Market is expected to grow from US$ 2 billion in 2020 with a CAGR of xx% during the forecast period of 2020 to 2025.
The aircraft galley is vital equipment inside the airplane cabin. Galley manufacturers and airlines believe that galleys can have an indirect or direct impact on a traveler's flight experience. Technically unhealthy and weak cars can offend the traveler's experience. Indirect passenger experience, on the other hand, is determined by the level of satisfaction of the crew as a result of experience with equipment such as kitchen carts. Aircraft galley inserts are basically utensils used for cooking for flight passengers. Aircraft galley inserts also typically include devices such as water coolers, refrigerators, microwaves, coffee makers and convection ovens. The type of aircraft galley insert generally depends on the type of aircraft, the kind of galley and the specific requirements of the customer.
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The increase in air travel, along with cheap air tickets is one of the main reasons for increasing the market for aircraft galleys. As passenger traffic increases, the demand for improved catering services increases. Because of this, the need for aircraft galley inserts, such as microwaves, is expected to increase significantly in the coming years. In addition, manufacturers of galley inserts focus on increasing their investment in research and development of lightweight and stable galley inserts to meet the demands of the aviation industry. This is expected to complement market growth during the evaluation period further. Also, the trend towards aircraft modifications will expand the market in the coming years.
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As the demand for innovative aircraft interiors increases with the introduction of energy-efficient galley equipment, it is anticipated that sooner or later there will be a table for the massive growth of the aircraft galley insert market. There is an excellent demand for lightweight galleys. Because of this, manufacturers focus on designing their equipment in a way that meets space and weight limitations. Besides, the number of long-haul flights has increased significantly in recent years. This trend is supposed to continue in the future. Because of this, the market for galley inserts is likely to expand further during the forecast period.
Aircraft Galley Market Segmentation:
By aviation carriage, the global aircraft galley market is branched into narrow-body aircraft, wide-body aircraft, very large aircraft, local aircraft and commercial aircraft. Of these, the narrow-body aircraft segment is likely to account for a dominant share in the coming years due to the augmenting demand from low-cost carriers for lightweight galley devices.
By type of aircraft, the market is divided into single-aisle, twin-aisle and business jets. Among these, the single-aisle segment is predicted to expand with the highest growth rate in the foreseen period due to the rising need for such aircraft types across the globe.
By type of adjustment, the global market has diverged into line adjustment and retro adjustment. Both line and retro adjustments are expected to offer excellent opportunities in the coming years.
The Asia-Pacific aircraft galley market is expected to see significant growth opportunities in the coming years, which may be due to the increase in airplanes in the area. In addition, many developing governments in the Asia-Pacific region are focusing on strengthening the army. Because of this, the demand for aircraft galley is expected to increase in the coming years. Also, well-known manufacturers in North America and Europe are focusing on bringing technologically advanced galley inserts to market. This is supposed to open new horizons for market expansion in the coming years.
Top Leading Company:
The global aircraft gallery market is an integrated business with the top five players, which represents approximately 80% of the market. Jamco has signed a Memorandum of Understanding (MoU) with Panasonic Corp. to strengthen and promote product design and functional innovation in aeronautical products such as seats, correctional facilities and bathrooms.
Major market players include JAMCO Corporation, Rockwell Collins, Zodiac Aerospace, Bucher Group, Korita Aviation, Aerolux, Turkish Cabin Interior, United Technologies Corporation, Diehl Stiftung & Co. KG, Safran SA and AIM Altitude.