LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global aircraft galley equipment market report until 2020. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
The growing order books of new aircraft in APAC will significantly drive the market for galley equipment in the region. APAC is expected to have the highest growth rate of over 5% each year during the forecast period due to the increased demand for galley equipment from the narrow-body aircraft segment in this region. Also, the region will experience increased rivalry among airlines for a greater market share. For example, in March 2013, an Indonesian airline, PT Lion Mentari Airlines entered an agreement with Airbus for the purchase of 234 aircraft worth USD 24 billion to gain a competitive advantage over established regional airlines like AirAsia. This decision was taken by the airline after considering the anticipated 6.4% annual growth of air travel in the region through 2031.
Competitive vendor landscape
According to the report, the market is composed of a limited number of multinational vendors between whom the competition is intense. In addition to enhancing the capabilities of the existing facilities, vendors are also expanding their manufacturing bases to APAC to achieve greater cost-effectiveness. During the forecast period, the need for an enhanced response time is also anticipated to gain increased long-term collaboration among galley equipment suppliers and airlines.
“In-house manufacturing capabilities, a global network, product offerings, investment in R&D, new technology, and a robust client base have become the key areas through which a competitive edge can be achieved in the market. The growth of the aviation industry due to global economic recovery, new aircraft orders, R&D, investment in fuel-efficient components and subsystems, and the lucrative retrofit market has opened up opportunities for aircraft cabin interior and galley equipment providers to compete and grow,” says Arushi Thakur, one of Technavio’s industry expert for aerospace components research.
The global aircraft galley equipment market is highly competitive, and vendors compete on the basis of product quality, cost, delivery time cycle, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality commercial aircraft galley equipment with the use of latest technology and materials.
B/E Aerospace and Zodiac Aerospace are the two leading vendors in the manufacturing and design of aircraft cabin interior products and galley equipment for commercial aircraft. It has been observed that their focus is primarily on the implementation of lightweight materials, more electric-based technologies, and robust systems.
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Top five global aircraft galley equipment market vendors
Aerolux provides a comprehensive array of galley equipment that fits into all types of aircraft. The company offers its product to numerous commercial airlines, corporate operators, and aircraft leasing companies globally. Aerolux also provides associated components and retrofitting services to its customers.
B/E Aerospace manufactures cabin interior products for commercial aircraft and business jets. It sells its products and services to major airlines and aerospace manufacturers worldwide. Some of its products include aircraft cabin seating, lighting and engineering solutions, and galley systems.
B/E Aerospace offers a comprehensive array of galley equipment and associated products, including oxygen delivery systems, coffee makers, ovens, and water boilers
The company, through its subsidiary Diehl Service Modules, provides galleys and associated equipment for passenger and cargo aircraft, and VIP jets. This subsidiary employs approximately 200 employees who manufacture galleys, storage cupboards, and other associated lightweight components for aircraft manufacturers and airlines.
The company's product portfolio includes galleys and bar counters, lavatories consisting of touch-less faucets, mirrors and lights, counters, bidet systems, and touch-less faucet sensors. It also provides galley inserts that include steam and microwave ovens, and seat consoles, consoles, flight deck linings, stowage, and seats.
In addition, the company offers aircraft components, including heat exchangers for electronic equipment, cooling manifolds, pipes, and turbine shrouds.
The company engages in the design and production of aircraft galleys and associated sub-systems for single and twin aisle aircraft. Its product portfolio includes galleys, stowages, bar and lounge monuments, dog houses, partition walls, and other monuments. The company also offers highly customized galleys and other VIP monuments.
The other prominent vendors are:
|Dynamo Aviation Factory|
Browse Related Reports:
- Aircraft Modernization, Upgrade, and Retrofit Market 2015-2019
- Global Commercial Aircraft Cabin Interiors Market: Forecast until 2019
- Global Commercial Aircraft Carbon Brakes Market 2016-2020
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