AIRCRAFT GALLEY EQUIPMENT MARKET ANALYSIS

Market Challenges And Opportunities

Factors driving global aircraft galley equipment market

Increasing activities in manufacturing of aircrafts is one of the factors driving growth of the global aircraft galley equipment market. Increasing sale of aircrafts including Boeing, Airbus, Bombardie, etc. and rising fleet number of various airlines such as American Airlines Delta Air Lines, Southwest Airlines, United Air Lines, FedEx, SkyWest Airlines, JetBlue Airways, and UPS is fueling growth of the global aircraft galley equipment market. For instance, according to AeroWeb, a Forecast International Inc., in 2017, the U.S. commercial aircraft inventory included 7,309 aircrafts, up from 7,130 aircrafts in 2016. In 2016, there were 3,080 Boeing aircrafts available in the U.S and in 2017, the total number of Boeing aircrafts in the U.S. were 3,173. Furthermore, number of Airbus aircrafts increased from 1,327 in 2016 to 1,446 in 2017.

Moreover, increasing demand for narrow-body aircrafts is expected to generate high demand for galley equipment during forecast period. For instance, according to AeroWeb, a Forecast International Inc., in 2017, 54.5% of total aircrafts belonged to narrow-body segment.

Furthermore, increasing demand for aircrafts and customized galleys according to preference of customers is driving growth of the global aircraft galley equipment market. Top players in the global aircraft galley market design and manufacture aircrafts galley equipment to meet requirements of customers, which is expected to drive the market growth.