Aircraft Galley Equipment Market
Global Aircraft Galley Equipment Market by Galley Type (Standard Galley, Modular Galley, & Customized Galley), by Fit (Line Fit, Retro Fit), Inserts (Electric, Non-Electric Insert), Application (Narrow-Body, Wide-Body, Very Large Body, others), & by Region- Forecast till 2023
Global Aircraft Galley Equipment Market by Galley Type (Standard Galley, Modular Galley, & Customized Galley), by Fit (Line Fit, Retro Fit), Inserts (Electric, Non-Electric Insert), Application (Narrow-Body, Wide-Body, Very Large Body, others), & by Region- Forecast till 2023
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<strong>Aircraft</strong> <strong>Galley</strong> <strong>Equipment</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Leading players in this market seek to offer galley equipment particularly designed and developed to meet specific<br />
requirements. Moreover, companies focus on providing wide-ranging galley set-up with complete functional and storage<br />
capacities. The retro fit segment commands the overall market and is anticipated to exhibit a similar trend over the forecast<br />
period. The Asia Pacific region has been experiencing strong growth in the aviation industry over the past few years. This is<br />
primarily nurtured by growing demand for new aircraft deliveries in the region, which, in turn, is expected to boost the<br />
market growth. Asia Pacific is anticipated to witness the highest growth over the forecast period.<br />
Based on the insert type, the global aircraft galley equipment market is segmented into electrical inserts and non-electrical<br />
inserts. Electrical inserts are further bifurcated as beverage maker, chiller, coffee maker, water boiler, food warmer, and<br />
other inserts. Similarly, non-electrical inserts are further bifurcated as serving pots, galley trolley, rack/tray, and other<br />
inserts. The electrical inserts segment is estimated to remain the most dominant in the market over the next few years. This<br />
is driven by the rising demand for water boilers, beverage makers, and chillers. The non-electrical inserts segment is also<br />
estimated to witness a strong growth rate over the next few years.<br />
Based on the region, North America is projected to maintain its leadership in the market during the forecast period. The<br />
region is the manufacturing capital of the aerospace industry with the presence of major aerospace OEMs, airlines,<br />
distributors, and raw material suppliers. The U.S. is projected to remain the major contributor to the growth of the regional<br />
market over the next few years.<br />
The aircraft galley equipment market is estimated to witness a CAGR of more than 4% during the forecast period from 2018<br />
to 2023.<br />
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