Aerospace Markets News

Aerospace Galley Equipment market is likely to be aus$ 2.9 billion opportunity in 2023

Aerospace

Aerospace Galley Equipment Market report is a 250-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Aerospace Galley Equipment Market. This extensive 250-page report by Stratview Research analyses the growth of Aerospace Galley Equipment Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -

  • by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
  • by Aircraft Program Type (B737, B777, B787, and Others)
  • by Galley Type (Standard Galley, Modular Galley, and Customized Galley)
  • by Insert Type (Electrical Inserts and Non-Electrical Inserts)
  • by Fit Type (Line Fit and Retro Fit)
  • and by Region (North America, Europe, Asia-Pacific, and RoW)

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Introduction of fuel-efficient variants, such as B737 Max and A320neo

The aerospace galley equipment market offers healthy growth opportunities in the market ecosystem and will reach an estimated value of US$ 2.9 billion in 2023. Increasing production rates of the best-selling aircraft, such as B737, A320 family, B787, and A350XWB; the introduction of fuel-efficient variants, such as B737 Max and A320neo; growing aircraft fleet size; and an increasing demand for lightweight galley system are the key forces that are proliferating the demand for galley equipment in the aerospace industry.

The varied needs of the different airlines are always a big challenge for the aircraft cabin interior market.

The low-cost airlines like to confine the galley equipment to the necessary areas only, whereas the airlines targeting high-profile clients like to provide the best amenities to their customers and are looking for better galley equipment. This allows the airlines to serve passengers fresh food and drinks.

However, all the airlines are requesting galley manufacturers to design galley with high functionality and durability, taking a limited space of the cabin. The lightweight galley is the most important requirement by all airlines.

Wide-body aircraft to remain the most dominant and fastest-growing segment of the market

The aerospace galley equipment market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets. Wide-body aircraft is projected to remain the most dominant and fastest-growing segment of the aerospace galley equipment market over the next five years.

Increasing production rates of B787 and A350XWB aircraft programs are driving the demand for galley equipment in the segment. Narrow-Body aircraft is likely to generate a healthy demand for galley equipment over the next five years.

Electrical inserts segment to remain the most dominant in the market

Based on the insert type, the aerospace galley equipment market is segmented as Electrical Inserts and Non-Electrical Inserts. Electrical inserts are further broken down into beverage maker, chiller, water boiler, coffee maker, food warmer, and other inserts.

Similarly, Non-Electrical inserts are further broken down into serving pots, rack/tray, galley trolley, and other inserts. The electrical inserts segment is likely to remain the most dominant in the market over the next five years, driven by an increased demand for water boilers, beverage makers, and chillers.

The non-Electrical inserts segment is also likely to witness a healthy growth rate over the next five years.

North America to remain the largest market

Based on the regions, North America is projected to maintain its leadership in the market during the forecast period of 2018 to 2023. The region is the manufacturing capital of the aerospace industry with the presence of major aerospace OEMs, tier players, distributors, airlines, and raw material suppliers.

The USA is the projected to remain the growth engine of the region’s market over the next five years.

Asia-Pacific is likely to witness the highest growth in the market over the next five years, driven by a host of factors including the development of indigenous commercial and regional aircraft (CMAC’s C919 and Mitsubishi’s MRJ); the highest commercial aircraft fleet size, and opening of assembly plants of Boeing and Airbus in China. There is a healthy demand for all types of galley equipment in the region for both line fit and retrofit usage.

Top market players

The supply chain of this market comprises raw material manufacturers, galley trolley manufacturers, oven manufacturers, galley manufacturers, aircraft OEMs, and airline companies. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines.

The key galley manufacturers are Zodiac Aerospace, Jamco Corporation, Rockwell Collins Inc. (B/E Aerospace), Aim Altitude, and Diehl Aerospace GmbH.

New product development with increased cabin efficiency and the formation of long-term contracts are the key strategies adopted by the key players to gain a competitive edge in the market. All the players are investing heavily in the development of lightweight galleys with increased efficiency and advancement in the galley technology.

Why Stratview Research

Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value.

It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Aerospace Galley Equipment Market overview, industry life cycle analysis, supply chain analysis
  • Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
  • Competitors’ market share, product portfolio and new launches.
  • Growth opportunities in each segment.
  • Emerging trends which will decide the future course of development.
  • Strategic growth opportunities for the existing and new players
  • Key success factors.

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