The aircraft galley equipment market comprises a variety of equipment including galley inserts, galley carts, galley frames, galley shelves, and trays that are used in airplanes to prepare and serve food and beverages. They provide facilities for storage, preparation, cooking, and handling of food and catering equipment in commercial, VIP and other aircraft. Rising passenger traffic, continuous enhancement of in-flight services, increase in fleet size, and growth of low-cost carriers have propelled the demand for advanced galley equipment. The ability of modern galley equipment to save space, reduce weight, offer modularity, improve ergonomics and enhance safety are supporting their increased adoption.
The global aircraft galley equipment market is estimated to be valued at US$ 2.56 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030.
Key players operating in the aircraft galley equipment are Aerolux Ltd., AVIC Cabin Systems, Boeing, Bucher Group, Diehl Stiftung & Co. KG, Dynamo Aviation, GAL Aerospace Group, JAMCO Corporation, RTX and Safran. Innovation in galley design, optimizing food preservation and workflow are the key opportunities in the market. Boeing plans to set up a new cabin interior factory in Russia. Diehl Aviation signed an agreement with Airbus to establish a new cabin manufacturing site in Germany. GAL Aerospace expanded its engineering capabilities with a new development center in Shenzhen, China.
Growth in global air passenger traffic has driven the demand for new aircraft. International Air Transport Association (IATA) predicted air passenger numbers to double in the next 15-20 years. This directly impacts the need for modern galley equipment. Growing fleet size of low-cost carriers is another demand driver as they need to optimize galley space and enhance food storage capacity. Developments in connected cabin technologies allow real-time monitoring of galley operations and equipment status, improving efficiency.
Political uncertainties and economic slowdown in some countries can negatively impact capital expenditure of airlines. Higher equipment and maintenance cost poses a challenge for budget carriers. Stringent regulatory standards delay new product approvals. Supply chain disruptions during the COVID-19 pandemic also affected equipment manufacturers. Galley renovations involve significant downtime and investments which restraints retrofitting activities.
The aircraft galley equipment market comprises of aircraft galleys, aircraft lavatories and aircraft cockpit and cabin management systems. The aircraft galleys sub segment dominates the market, holding around 40% share. Aircraft galleys are designed to provide storage, preparation and serving of airline food and beverages. They are equipped with appliances like water boilers, coffee/espresso makers, ovens and chillers. Increasing passenger spending on in-flight catering services is driving demand for advanced galley equipment.
The North America region dominates the global aircraft galley equipment market, accounting for over 35% share. Presence of leading aircraft OEMs like Boeing and major airlines in the US and Canada supports market growth. Asia Pacific is the fastest growing region, expanding at a CAGR of 8%. Rapidly growing aviation industry in countries like China and India is increasing procurement of new aircrafts fitted with advanced galley solutions. Chinese airlines are procuring wide-body aircrafts to cover long-haul international routes. This is positively impacting demand from Asia Pacific region.
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it