Market Size of Aircraft Galley Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Galley Market Analysis
The aircraft galley market is poised to grow at a CAGR of 4% during the forecast period 2022-2027. An aircraft galley is crucial for facilitating the services offered to the passengers by the cabin crew. Aircraft galleys significantly enhance the airline's flight experience in terms of the plethora of meal options served to the onboard passengers during a flight.
Due to the COVID pandemic, there had been a decline in new aircraft deliveries in 2020, resulting in a significant decrease in the aircraft galley demand. Fleet modernization and upkeep to meet COVID-19 regulations for operations by airlines during 2020 and 2021 have helped keep the market alive. In 2021 commercial aviation saw a significant restoration of air travel and resumption of aircraft deliveries, resulting in improved market expectations.
The low-cost carrier (LCC) model focuses on increasing the number of onboard passengers while providing limited services as pay-per-demand. The increasing global market penetration of LCCs has resulted in design challenges to adjust to space constraints inside an aircraft, forcing the galley designers to reduce the size and weight of the galley equipment. Technological and design complexity are certain challenges for the manufacturers of the aircraft galley market.
