Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.04 Billion | USD 7.34 Billion | 4.26% | 2023 |
The global galley equipment market size was worth around USD 5.04 billion in 2023 and is predicted to grow to around USD 7.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.26% between 2024 and 2032.
The galley is an onboard kitchen on the water- or airborne vessel. Electric and non-electric equipment is used in the area of the galley; hence it is called galley equipment. This equipment is used in the storage of various food & food materials and is also used for cooking. This equipment has some limitation in water- or airborne vessel like the availability of limited size. This equipment needs to be more efficient and compact, so that maximum space can be available. The galley equipment should be user-friendly in order to provide increased convenience and a good user experience. The key factor responsible for the market growth is increasing demand for the light-weight equipment installation to reduce the load on aircraft and ships. Thus, it is expected to propel the galley equipment market over the forecast period.
The report covers forecasts and analysis for the galley equipment market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the galley equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to the galley equipment market on a global level.
The global galley equipment market will witness substantial growth in the coming years. The global galley equipment market is segmented on the basis of the fit type, galley inserts, and application. Based on the type of fit, the galley equipment is classified into a line fit and retro fit. Based on the galley insert type, the global galley equipment market is categorized into aviation and ship galley. Both galleys are further segmented into the electric and non-electric insert. The aviation galley has various non-electric inserts such as trolleys, serving pots, trash compactor, and rack/trays. Moreover, electric inserts include coffee makers, beverage makers, chillers, air chillers, water boilers, food warmers, dishwaters, and refrigeration systems, which are all installed as part of galley equipment on commercial aircraft, large aircraft, narrow body aircraft, and wide-body aircraft.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the galley equipment market has also been included. The study encompasses a market attractiveness analysis, wherein type segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the galley equipment market by segmenting the market based on the fit type, galley inserts, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By application, the global galley equipment market is segmented into two broad categories, aviation, and marine. The aviation segment is further categorized into single-aisle, twin-aisle, and business general aviation. On the other hand, the marine segment is further categorized into defense and commercial. The market growth is mainly driven by increasing demand for aircraft and ships for the defense and commercial purpose across the world.
By geography, the global galley equipment market finds its market scope in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to be the fastest growing region owing to the facts such as growing tourism industry, the disposable income of the population, and rising government spending on the naval forces in the emerging countries, such as China and India.
Report Attributes | Report Details |
---|---|
Report Name | Galley Equipment Market |
Market Size in 2023 | USD 5.04 Billion |
Market Forecast in 2032 | USD 7.34 Billion |
Growth Rate | CAGR of 4.26% |
Number of Pages | 240 |
Key Companies Covered | B/E Aerospace, Zodiac Aerospace, JAMCO Corporation, Diehl Stiftung & Co. KG, Meili Marine, and others. |
Segments Covered | By Fit Type, By Galley Inserts, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, and the Rest of the World which is further divided into major countries including the U.S., Germany, France, the UK, China, Japan, India, and Brazil.
The global galley equipment market is dominated by players like:
Global Galley Equipment Market: By Fit Type Segment Analysis
Global Galley Equipment Market: By Galley Inserts Segment Analysis
Global Galley Equipment Market: Application Segment Analysis
Global Galley Equipment Market: Regional Segment Analysis
FrequentlyAsked Questions
Galley equipment refers to all the appliances, tools, and utensils used in a galley, which is the kitchen area on a ship, aircraft, or other mode of transportation. This equipment is essential for preparing, cooking, and serving meals to passengers and crew members.
According to a study, the global galley equipment market size was worth around USD 5.04 billion in 2023 and is expected to reach USD 7.34 billion by 2032.
The global galley equipment market is expected to grow at a CAGR of 4.26% during the forecast period.
North America is expected to dominate the galley equipment market over the forecast period.
Leading players in the global galley equipment market include B/E Aerospace, Zodiac Aerospace, JAMCO Corporation, Diehl Stiftung & Co. KG, and Meili Marine, among others.
The galley equipment market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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