Global Aircraft Galley Equipment Market to Reach New Heights with a CAGR of 5.7% by 2030

According to a new report published by MarkWide Research, titled, “Aircraft Galley Equipment Market,” the global market for aircraft galley equipment is expected to witness substantial growth in the coming years. With a projected compound annual growth rate (CAGR) of 5.7% between 2023 and 2030, this market is set to expand, driven by the increasing demand for enhanced in-flight catering services and passenger comfort.

Introduction

Aircraft galley equipment includes ovens, beverage makers, storage units, and more, essential for preparing and serving food and beverages on board. These equipment contribute to the overall in-flight experience for passengers.

Market Overview

The global aircraft galley equipment market is experiencing growth due to:

1. In-Flight Services: Airlines are investing in high-quality galley equipment to offer diverse and premium in-flight catering options.
2. Passenger Satisfaction: Enhancing the in-flight dining experience is crucial for improving passenger satisfaction and loyalty.
3. Technological Advancements: Galley equipment manufacturers are developing innovative and efficient solutions.

Market Size and Projections

The global aircraft galley equipment market is currently valued at approximately $3.5 billion in 2023. MarkWide Research forecasts that the market will grow at a CAGR of 5.7% during the period 2023-2030, reaching an estimated value of $5.5 billion by 2030.

Regional Analysis

1. North America: North America leads the aircraft galley equipment market, with a focus on premium services and passenger comfort.
2. Europe: European airlines prioritize in-flight dining experiences, driving demand for advanced galley equipment.
3. Asia-Pacific: The Asia-Pacific region, including countries like China and Japan, is witnessing growth in air travel, contributing to the demand for improved galley equipment.
4. Latin America and Middle East/Africa: These regions are emerging markets, with increasing demands for diverse in-flight catering options.

Competitive Landscape

The global aircraft galley equipment market features several key players, including:

• Zodiac Aerospace (Safran Group)
• B/E Aerospace (Collins Aerospace)
• Diehl Stiftung & Co. KG
• Aerolux Ltd.
• Jamco Corporation
• Korita Aviation
• Driessen Aircraft Interior Systems
• Joni Foodline

These companies are dedicated to innovating and developing advanced galley equipment solutions that enhance the in-flight dining experience.

Challenges

Challenges in the aircraft galley equipment market include ensuring food safety and hygiene, optimizing space utilization, and addressing evolving dietary preferences.

Conclusion

In conclusion, the global aircraft galley equipment market is expected to reach new heights in the coming years, driven by the aviation industry’s focus on passenger comfort and in-flight dining experiences. With a projected CAGR of 5.7%, the market is expected to reach a valuation of $5.5 billion by 2030. Industry stakeholders should closely monitor this dynamic market for opportunities and advancements.