AIRCRAFT GALLEY EQUIPMENT MARKET ANALYSIS
Global aircraft galley equipment market: Regional Insight
The Asia Pacific aircraft galley equipment market is projected to account for high growth during forecast period, owing to growing aviation industry in the recent past. Moreover, increasing demand for new aircraft deliveries is expected to propel growth of Asia Pacific aircraft galley equipment market. For instance, according to forecast of International Air Transport Association (IATA), from 2015 to 2035 more than half of the new passenger traffic of air transport will coming from the Asia Pacific region. China will replace the U.S. as the world’s largest aviation market (defined by traffic to, from and within the country) around 2024. India will displace the U.K. for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively.
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