Market Share of Aircraft Galley Industry
The aircraft galley market is semi-consolidated due to the presence of a limited number of dominant vendors operating at a global level. The market is highly competitive, with players competing to gain the largest market share. Constraints associated with the design and weight of aircraft galley and cancellation of aircraft orders due to macroeconomic factors impede the growth of the market. Vendors must provide advanced systems to aircraft OEMs to survive in an intensely competitive market environment.
The dominant market players include Aerolux Ltd., JAMCO Corporation, Collins Aerospace (RTX Corporation), Safran SA, and Bucher Leichtbau AG. These players mainly compete based on their in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base.
For instance, in August 2021, Safran launched the MaxFlex galley for the Boeing B737 family. MaxFlex galley provides maximum flexibility, infinite combinations, and easy maintenance. More than 2,000 MaxFlex galleys are installed in the aircraft. Safran also offers SpaceFlex V2 Galley for Airbus A320/A321 aircraft. This galley maximizes an aircraft's floor space and opens an area for additional seats.
The competitive environment is likely to intensify further due to an increase in product/service extensions and technological innovations. For instance, in June 2023, Collins Aerospace (RTX Corporation) launched a diagnostic tool for problems in aircraft galleys. The diagnostic tool provides the data required to identify unit faults, which will lead to reduced time in troubleshooting and reduced the occurrence of misdiagnosing unit malfunctions.
Aircraft Galley Market Leaders
Collins Aerospace (RTX Corporation)
Bucher Leichtbau AG
JAMCO Corporation
Safran SA
Aerolux Ltd.
*Disclaimer: Major Players sorted in no particular order
