The Aircraft Galley Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Galley Global Market Report 2024, The aircraft galley market size has grown strongly in recent years. It will grow from $5.84 billion in 2023 to $6.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to airline industry growth, focus on passenger comfort and experience, efficiency and space utilization, catering service optimization, advancements in galley equipment.
The aircraft galley market size is expected to see strong growth in the next few years. It will grow to $7.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to demand for lightweight materials, demand for customization and personalization, focus on sustainability and eco-friendly materials, adaptation to changing travel trends, enhanced food safety and hygiene standards. Major trends in the forecast period include modular and flexible designs, emphasis on space optimization, integration of advanced appliances, enhanced food presentation and service, focus on ergonomics and workflow efficiency.
An increasing number of aircraft is expected to drive the growth of the aircraft galley market. Aircraft refers to any vehicle that is designed to fly through the air, either by using a static lift or dynamic lift of an airfoil or by direct downward thrust from its engines. Aircraft galleys are compartments in aircraft where food is stored, prepared, and placed in carts to deliver to passengers. For instance, in December 2022, a report published by the European Organization for the Safety of Air Navigation, a Belgium-based organization responsible for achieving safe and seamless air travel across Europe, 9.3 million flights were seen in 2022, which is 3.1 million more than in 2019 and 83% of traffic. Ryanair leads the list of airlines that have added the most flights (+77K more than in 2019), followed by Wizz Air (+30K). In contrast, Sky Express saw the biggest percentage growth (+51%), and DHL and SunExpress were the other two top freight carriers. Therefore, the increasing number of aircraft will promote the growth of the aircraft galley market
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The aircraft galley market covered in this report is segmented –
1) By Type: Standard Galley, Modular Galley, Customized Galley
2) By Fit: Line Fit, Retro Fit
3) By Galley Inserts: Electrical, Non-Electrical
4) By Application: Aviation, Military
Product innovation is a key trend gaining popularity in the aircraft galley market. Major companies operating in the aircraft galley market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in August 2021, Safran S.A., a France-based aerospace equipment manufacturer introduced a new aircraft galley series for the Boeing 737 family named MaxFlex. The modular MaxFlex galley offers extensive adaptability, limitless possibilities for configurations, and effortless upkeep. Over 2,000 airplanes have installed the MaxFlex galley.
The aircraft galley market report table of contents includes:
1. Executive Summary
2. Aircraft Fire Protection Systems Market Characteristics
3. Aircraft Galley Market Trends And Strategies
4. Aircraft Galley Market – Macro Economic Scenario
5. Global Aircraft Galley Market Size and Growth
6. Aircraft Galley Market Segmentation
7. Aircraft Galley Market Regional And Country Analysis
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27. Aircraft Galley Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft GalleyMarket
29. Aircraft GalleyMarket Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- JAMCO Corporation
- Safran SA
- Diehl Stiftung & Co. KG
- AIM Altitude Holding Limited
- Zodiac Aerosystems SAS
- Raytheon Technologies Corporation
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