Frequently Asked Questions of Aircraft G&M Market
The Aircraft galley is a vital equipment inside the airplane cabin, commonly a place in an aircraft where the food is stored. The Aircraft galley contains all the aircraft galley equipment such as ovens, sink tops, etc. Moreover, the airlines and galley manufacturers believe it has a direct or indirect impact on the flight experience of the travelers. In addition, the key market players offer both non-electrical and electrical inserts to provide a qualitative outlook. An increase in air traffic is expected to fuel the growth of the aircraft galley market. Monuments are nothing but galleys, lavatories or storage units in modern aircraft. The aircraft monuments are block-shaped and arranged such to extend from the passenger cabin floor to the ceiling of the passenger cabin. The aircraft monuments divide the aircraft cabin into a plurality of seat blocks, such as for different seating classes. The aircraft monuments consist of a desk and movable part.
Major factors driving the growth of the market
There is a rise in the growth of the airplane galley and monuments market, due to the increase in passenger traffic. Moreover, initiatives of fleet expansion, along with the existing fleet modernization and performance are fuelling the growth of the market. The opportunities for global aircraft galley and monuments are the factors such as operation, maintenance, and repair. The airline industry raised its investments to provide better facilities to passengers, which in turn fueled the growth of the aircraft galley and monuments market.
Trends influencing the growth of the market
There is a demand due to increased passenger traffic. Among individuals, air travel is becoming rapidly increased due to changes in lifestyle, competitive airline services, increase in disposable income, and others. These factors also demand the growth of aircraft galleys. In addition, there is a huge competition between airline industries, which fuels them to introduce the best services in the form of aircraft galleys. Thus to grab customers’ attention and retain the market share, the aircraft galley plays a vital role, which in turn increases the growth of the aircraft galley market. There is a fostered growth in the market due to the modernization initiatives. Services are considered one of the important features in the airline industry. The better the services are the more positive the impact on business prospects. Moreover, the key market players are enriching their services by modernizing the aircraft. The airline operators are expanding the fleet due to increased passenger footfall, which in turn drives the demand for aircraft galley. The aviation industry also realizes the demand for low-cost carrier is increasing day by day. This aircraft focuses on increasing the number of passengers but the space restriction compromise various aspects such as inflight refreshment. This also fuels the growth of the aircraft galley market to existing system modernization and develop customized galleys with reduced size and weight that will fit in less space. These factors rises the demand for the growth of the aircraft galley and monuments market.
There is a significant increase in the sales of modern aircraft and a rising number of fleets across the globe, which in turn provides the growth of the aircraft galley and monument market. In various ships and aircraft, there is a widespread adoption of lightweight galley equipment which enhance the operational efficiency of the vessel and it provides convenience and comfort for the passengers. These factors drive the growth of the global galley market in the forthcoming years. Airlines can serve nicer food and beverages if they use better galleys. The global market performance is impacted by these factors. There is an increase in demand for modular galleys, which creates a positive impact on the market growth. Manufacturers are making innovative product variants that can be customized according to the customers’ interest, thus enhancing the growth of the market. In addition, factors like research activities in the aviation industry and urbanization are anticipated to drive the market in the forthcoming period. Though it has numerous applications, some of the factors have hampered the growth of the market. In addition, the increase in popularity of low- cost carriers for commercial and personal use has hampered the growth of galley equipment. Enterprises are always challenged, as they wanted to reduce the weight and size of the galley equipment.
In more than a decade, Delta airlines is buying from US manufacturers 100 Boeing 737 Max planes 10. This is its first major order. From 2025 deliveries are said to begin. The deal had 30 more planes as an option. The order is worth $ 13.5 Billion. The Max planes are 20-30% more fuel efficient. India orders aircrafts which set to drive the global aircraft sales. Indian Airways and Jet airways are looking to buy aircrafts which are worth more than $45 billion.