Global Galley Equipment Market Set For Rapid Growth, Expected To Reach USD 7.50 Billion by 2024

18-Jul-2018 | Zion Market Research

Zion Market Research has published a new report titled “Galley Equipment Market By Fit (Line Fit and Retro Fit), By Galley Inserts (Aviation and Ship galley [Electric Inserts and Non-Electric Inserts]), By Application (Aviation [Single-Aisle, Twin-Aisle, and Business General Aviation], Marine [Defense and Commercial]) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global galley equipment market was valued at around USD 5.62 billion in 2017 and is expected to reach approximately USD 7.50 billion by 2024, growing at a CAGR of around 4.25% between 2018 and 2024.

The galley is the onboard kitchen on an air- and waterborne craft, used for the storage and cooking purposes. The galley equipment market is expected to gain a significant revenue growth owing to the increased costs of the electric and non-electric inserts. The growing number of passengers and prevalence of renovation & retrofitting, which demands customized galley systems, energy-saving control system, and lightweight galley equipment are the number of imperative factors driving the growth of the market. However, the growth of LLC airlines, design limitations in the aircraft or ships, and harmful galley grease are some of the major challenges for the galley equipment market. 

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Global Galley Equipment Market

The global galley equipment market is classified on the basis of fit type, galley inserts, and application. Aviation and ship galleys comprise of electric and non-electric inserts. The aviation galley has various non-electric inserts such as trolleys, hoods, canopies, serving pots, buffet/bar counters, stainless steel panel system, trash compactor, and rack/trays. Likewise, electric inserts include stainless steel panel system, coffee makers, food processing equipment, beverage makers, chillers, air chillers, water boilers, wash ware machinery, food warmers, dishwaters, and refrigeration systems are installed as part of galley equipment on commercial aircraft, large aircraft, narrow body aircraft, and wide-body aircraft.

The crucial drivers for the market growth are increasing demand for the aircraft and ships with lightweight equipment. As of now, customer preference is important for the customization of galley equipment as comfort and ease in many ships and aircraft has promoted the demand for state-of-the-art galley equipment. Furthermore, the demand for the private ships and aircraft is increasing and has a direct influence on the demand for galley equipment globally. For instance, Bucher, a company known for its lightweight construction techniques, provides aluminum galley frame structure, which reduces the overall weight of the galley significantly. On the other hand, JAMCO provides an enhanced galley with its weight saving technology to the customers. Moreover, the uses of composite-based materials by galley equipment vendors help to reduce the weight of an aircraft, overall fuel consumption, and lower operating costs. 

The report also includes detailed profiles of key players such as Zodiac Aerospace, JAMCO Corporation, Diehl Stiftung & Co. KG, Meili Marine, B/E Aerospace, Inc., Diehl Aerospace GmbH, Kang Li Far East Pte. Ltd., Loipart AB, Jeitek Co. Ltd., Bucher Leichtbau AG, Almaco Group, Reinhold & Mahla AG, Diethelm Keller Aviation PTE Ltd., GN Espace, National Marine Suppliers, Jeitek, and R & M Group. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

This report segments the global galley equipment market as follows:

Global Galley Equipment Market: Type Segment Analysis

By Fit

  • Line Fit
  • Retro Fit 

By Insert Type

  • Aviation Galleys
    • Electric Insert
    • Non-Electric Insert
  • Ship Galleys
    • Electric Insert
    • Non-Electric Insert

Global Galley Equipment Market: Application Segment Analysis

  • Aviation
    • Single-Aisle
    • Twin-Aisle
    • Business General Aviation
  • Marine
    • Defense
    • Commercial

Global Galley Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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