(I-BusinessNews.Com, November 13, 2018 )
Stratview Research announces the launch of a new market research report on Aerospace Galley Equipment Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets), by Aircraft Program Type (B737, B777, B787, A320 Family, A330/A340, A350XWB, A380, B737 Max, B777x, A320 neo, A330neo, E175, C Series, and Others), by Galley Type (Standard Galley, Modular Galley, and Customized Galley), by Insert Type (Electrical and Non-Electrical), by Fit Type (Line Fit and Retrofit), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The Aerospace Galley Equipment Market: Highlights
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.
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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.
Based on the insert type, the global 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 key galley manufacturers are Zodiac Aerospace, Jamco Corporation, B E Aerospace, Aim Altitude, and Diehl Aerospace GmbH. New product development with increased cabin efficiency and long term contracts are the key strategies adopted by the key players to gain competitive edge in the market. All the players are investing heavily on the development of lightweight galleys with increased efficiency and advancement in the galley technology.
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