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Aircraft Galley Equipment Market is Forecast to Reach US$ 2.2 Billion in 2028, Says Stratview Research
https://www.stratviewresearch.com/Request-Sample/83/aerospace-galley-equipment-market.html#form
The galley equipment market is segmented based on , galley type, insert type, sales channel type, end-user type, and .
The market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Among aircraft types, The galley equipment market for the segment is being driven by mainly four aircraft (B787, A350XB, B777, and A330). Wide-body aircraft registered the highest decline amid the pandemic (2020 and 2021). The grounding of B787 in 2021 further exacerbated the market conditions. The segment's market is starting to rebound from 2022 onwards with a myriad of opportunities soon. Also, faster recovery of international air traffic is leading airframers to speed up their production rates of wide-body aircraft programs.
The market is segmented into electric inserts and non-electric inserts. Electrical inserts include a beverage maker, chiller, water boiler, coffee maker, food warmer, and others. Non-electrical inserts are divided into serving pots, rack/trays, galley trolleys, and other inserts.
The market is segmented as OE and aftermarket The main reasons for its dominance are the massive aircraft backlogs of key airframers paired with recovering market conditions. Boeing and Airbus have already announced their plans to gradually ramp up their productions, which, has a direct impact on the market at the OE level. Further, the entry of COMAC may substantiate the demand for galley equipment at this level. that are light, offer increased fuel efficiency, and take up minimal space.
https://www.stratviewresearch.com/Request-Sample/83/aerospace-galley-equipment-market.html#form
The report suggests that This growth is majorly attributed to the following –
- With the presence of several aircraft OEMs, tier players, distributors, airlines, and raw material suppliers, the area is the production hub of the aviation industry.
- Over the following five years, it is anticipated that the USA will continue to drive market expansion in the region.
On the other hand, due to several factors, including the development of commercial and regional aircraft (CMAC's C919), the largest fleet of commercial aircraft, and assembly plants of Boeing and Airbus in China .
Some of the key drivers listed in the report are given below.
- Upcoming aircraft programs.
- Fleet modernization efforts by airlines.
- Projected ramp-up in production rates of key aircraft programs.
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The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
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• Aircraft Interior Fasteners Market
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers to take convincing business decisions.
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