Global Aircraft Galley Equipment Market expected to grow to USD 5.1 billion by 2033

From GlobeNewswire: 2024-08-12 02:00:00

The Global Aircraft Galley Equipment Market is projected to grow from USD 2.9 billion in 2023 to USD 5.1 billion by 2033, with a CAGR of 5.81%. The market includes a variety of items and services for food preparation and storage on airplanes. Key players are focusing on creating innovative and efficient galley solutions to enhance the passenger experience. North America is expected to dominate the market, with a robust aviation industry driving demand for modern galley equipment. Asia Pacific is witnessing the fastest growth due to rising disposable incomes and the emergence of low-cost carriers. Major players in the market include Zodiac Aerospace, Rockwell Collins, and JAMCO Corporation.

The Aircraft Galley Equipment Market includes products like ovens, coffee makers, and refrigerators, with a focus on improving in-flight amenities. The modular galley segment is expected to have the largest market share due to its versatility and ability to adapt to unique operating requirements. Retrofitting is a key trend, as airlines seek to upgrade cabin furnishings and enhance customer experience. Electric inserts are in high demand for their reliability and efficiency, supporting sustainability goals and offering improved heating times and temperature management.

Recent market developments include a low-cost wireless networking solution for aircraft galley inserts, developed by RTX under subsidiary Collins Aerospace, to improve operational efficiencies and enhance passenger service. Market segmentation includes galley type, fit analysis, and inserts analysis. The study forecasts revenue at global, regional, and country levels from 2023 to 2033. Other related reports cover the Global Scramjet Market, Airport Visual Docking Guidance System Market, Space Tourism Market, and Flight Tracking System Market. Spherical Insights & Consulting provides actionable market research and consulting services to aid businesses in achieving their objectives and maintaining strategic improvements.



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