Market Size of Aircraft Galley Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.60 Billion |
Market Size (2029) | USD 4.75 Billion |
CAGR (2024 - 2029) | 5.74 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Aircraft Galley Market Analysis
The Aircraft Galley Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 4.75 billion by 2029, growing at a CAGR of 5.74% during the forecast period (2024-2029).
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. The need to keep up with passenger needs, provision of inflight services, and efficient use of space on aircraft is a driving factor for the adoption of galleys. The demand for onboard services such as meals and beverages has led to the installation of galleys as air transport became a major mode of transport. Airlines recognized that offering these onboard services would be economically beneficial, contributing to passenger satisfaction and potentially bringing additional revenues.
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. The integration of cutting-edge technology in aircraft galleys, such as the adoption of smart galley solutions that use data analytics and automation to optimize catering operations. In particular, such technologies may help airlines manage their inventories effectively, reduce food waste, and enhance the passenger experience.