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The growth of the aviation industry has led to an increase in long distance travels. This, in turn, has led to a rise in demand for galley equipment for enhancing the passenger experience. Market Research Future (MRFR)’s analysis states that the global aircraft galley equipment market is expected to strike 4% CAGR across the projection period 2018 to 2025.Increasing demand for air travel has led to investments in expansion of fleet size. It has unleashed growth potential for the market players. In addition, increasing air traffic is also anticipated to influence the aircraft galley equipment market greatly in the years to come. Key players are focusing on catering to customized demands of the airlines, which is a major boost for market growth.
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Competitive Dashboard:
Rockwell Collins Inc. (US), JAMCO Corporation (Japan), Zodiac Aerospace (France), Diehl Stiftung & Co. KG (Germany), Bucher Group (Switzerland), Huaxin Aviation Spare Manufacture Co. Ltd. (China), AIM Altitude (UK), Aerolux (US), DYNAMO Aviation (US), Turkish Cabin Interior (Turkey), and Korita Aviation (Netherlands) are few of the major manufacturers of the global aircraft galley equipment market. These players are projected to emphasize on organic approaches such as product development, technological innovations, product launch, etc. for growth. It is expected to boost competition among the manufacturers over the next couple of years. In addition, inorganic approaches such as mergers & acquisitions, collaborations with end users, strategic partnerships, etc. are also anticipated to be witnessed in the aircraft galley equipment market in the years to come.
Market Segmentation:
On the basis of galley type, the global Aircraft Galley Equipment Market has been segmented into standard galley, modular galley, and customized galley.
On the basis of fit, the aircraft galley equipment market has been divided into line fit and retro fit. Among these, the retro fit segment is expected to witness significant growth rate in the years to come.
On the basis of inserts, the global aircraft galley equipment market has been segmented into electric insert and non-electric insert. The sub-segments of the electric insert segments are food warmer, beverage maker, coffee maker, chiller, water boiler, and other inserts. Furthermore, the non-electric insert segment is sub-segmented into serving pots, rack/tray, galley trolley, and other inserts. The electric insert segment is projected to secure the dominant position over the next few years.
On the basis of Application, the aircraft galley equipment market has been segmented into narrow-body, very large body, wide-body, and regional, business jets. Among these, the wide-body segment is anticipated to hold the pole position in the global market over the next couple of years. In addition, the narrow-body segment is also projected to witness substantial demand in the foreseeable future owing to rising demand from the aviation industry.
Regional Assessment:
This report studied the global aircraft galley equipment market on regional and country-level basis. The regional segments of the global market assessed in the study are - North America, the Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and Latin America. North America, being the pioneer in aircraft manufacturing, is anticipated to hold the pole position over the next couple of years. The U.S. is poised to emerge as the most prominent contributor of the regional aircraft galley equipment market in the foreseeable future.
Asia Pacific holds a significant position in the global market place and is assessed to maintain it during the evaluation period. Increasing demand for the expansion of fleet size in the region is expected to drive growth of the regional market over the next couple of years. In addition, investments in renovation of existing aircraft are further poised to boost growth rate of the aircraft galley equipment market in the upcoming years.
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Key Insights
• Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments
• Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
• Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
• Technology trends, regulatory landscape, and patent analysis outlook
• Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
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Table of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Target Drones Market, by Inserts
1.1.2 Global Target Drones Market, by Galley Type
1.1.3 Global Target Drones Market, by Fit
1.1.4 Global Target Drones Market, by Application
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
Continued.......
List of Tables
Table 1 Global Aircraft Galley Equipment Market, by Region, 2018–2025
Table 2 North America Aircraft Galley Equipment Market, by Country, 2018–2025
Table 3 Europe Aircraft Galley Equipment Market, by Country, 2018–2025
Table 4 Asia-pacific Aircraft Galley Equipment Market, by Country, 2018–2025
Table 5 Middle East & Africa Aircraft Galley Equipment Market, by Country, 2018–2025
Table 6 Latin America Aircraft Galley Equipment Market, by Country, 2018–2025
Continued.......
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Continued........
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Website: https://www.marketresearchfuture.com/reports/aircraft-galley-equipment-market-6090
Release ID: 88926750
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