Report Id: SNS/A&D/2238 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
Galley Equipment Market Size was valued at USD 6.99 billion in 2022, expected to reach USD 9.71 billion by 2030, and grow at a CAGR of 4.25% over the forecast period 2023-2030.
Onboard kitchen gadgets used for cooking and storing food materials aboard land, sea, and aerial boats are referred to as galley equipment. They include non-electric and electric components such as serving pots, trays, racks, trolleys, and trash compartments, as well as food processing equipment, chillers, and washing machines. One of the primary factors driving market expansion during the forecast period is the rising travel and tourist industry.
Demand for Lightweight Galley Equipment is Growing
Customization of Galleys Based on Customer Preference
Shipment delays as a result of new programme
Suppliers' Adoption of a Wait-and-See Strategy
Increased Customer Experience Demand
Shipments are increasing in Asia-Pacific, Latin America, and the Middle East.
Increasing Efficiency by Reducing Equipment Space and Weight
Different Galley Design Preferences
THE IMPACT OF COVID-19
The epidemic of Covid 19 has harmed the performance of the aviation galley equipment industry. Air traffic has decreased as a result of the implementation of severe social distance and lockdown standards and guidelines. It has hampered market expansion. However, according to the thorough aeroplane galley equipment industry prediction, the market will recover in the future as the number of flyers increases. As a result, the elimination of lockdown guidelines could resurrect the market and help it thrive in the future.
The Galley Equipment Market is classified according to Application, Aircraft Type, Ship Type, Insert Type, and Fit. The global market is divided into four applications: aviation, marine, defence, and commercial. The global market is divided into three categories: single-aisle, twin-aisle, and business general aviation.
Surface Ships, Amphibious Ships, Passenger Vessels, Recreational Boats, and Bulk Carriers are the global market segments. The global market is segmented by Insert Type into Aviation Galleys, Electric Insert, Non-Electric Insert, Ship Galleys, Electric Insert, and Non-Electric Insert. The global market is divided into two segments based on fit: Line Fit and Retro Fit.
A large increase in modern aircraft sales, as well as an increase in fleet deployments around the world, is also contributing to market growth. There is also significant usage of lightweight galley equipment in various ships and aeroplane, which helps to improve operating efficiency while also providing comfort and convenience for passengers, propelling market growth in the next years. If airlines used better galleries, they would be able to serve nicer food and beverages. These factors could have a significant impact on worldwide market performance. The growing demand for modular galleys is also helping to drive market expansion.
Manufacturers are producing novel and aesthetically appealing product versions that can be customised to meet the needs of customers, boosting market expansion in the future years. Furthermore, factors such as rising urbanisation and substantial R&D activities in the aviation industry are expected to drive the market in the next years. Despite its diverse applications, the galley equipment market's progress is limited by a few problems. The increasing popularity of low-cost carriers for a wide range of commercial and personal purposes has hampered the growth of galley equipment. Furthermore, the necessity to reduce the weight and size of galley equipment is a constant problem for businesses in this area
KEY MARKET PLAYERS
Rockwell Collins Inc., JAMCO Corporation, Bucher Group, Aerolux, Turkish Cabin Interior, Korita Aviation, Zodiac Aerospace, AIM Altitude, Diehl Stiftung & Co. KG., and other players.
KEY MARKET SEGMENTS:
by Aircraft Type
Business general aviation
Business general aviation
by Insert Type
by Ship Type
The APAC region is expected to have the highest growth rate in the galley equipment market during the projected period. The region has seen significant growth in the aviation and marine industries in recent years, owing mostly to rising demand for new aircraft deliveries and an increase in the region's marine fleet, which is expected to benefit the galley equipment market. This expansion can also be linked to increased government spending on strengthening naval forces, which increases the disposable income of the citizenry in emerging markets such as India and China.
The North American Galley Equipment Market is predicted to grow rapidly due to the increasing number of commercial aircraft and the region's desire for new commercial aircraft and business jets. Furthermore, the cruise industry in North America is expanding as more people opt for cruise travel in the region; new cruise ships with expanded capacity are likely to be delivered in the future, fueling market expansion.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 6.99 Billion|
|Market Size by 2030||US$ 9.71 Billion|
|CAGR||CAGR of 4.25% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Fit (Line Fit, Retro Fit)
• By Galley Type (Single Aisle, Twin Aisle, Business Aviation)
• By Galley Inserts (Electric Inserts and Non-Electric Inserts)
• By Application (Aviation, Marine)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Rockwell Collins Inc., JAMCO Corporation, Bucher Group, Aerolux, Turkish Cabin Interior, Korita Aviation, Zodiac Aerospace, AIM Altitude, Diehl Stiftung & Co. KG., and other players.|
|DRIVERS||• Demand for Lightweight Galley Equipment is Growing
• Customization of Galleys Based on Customer Preference
|RESTRAINTS||• Shipment delays as a result of new programme
• Suppliers' Adoption of a Wait-and-See Strategy
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Galley Equipment Market size was USD 6.68 billion in 2022 and is expected to reach USD 8.94 billion by 2028 with a CAGR of 4.25% over the forecasted period.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
The sample for the Galley Equipment Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Yes, this report cover top down, bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Galley Equipment Market, by Aircraft Type
8.3 Business general aviation
9.Galley Equipment Market, by Application
9.4 Business general aviation
10.Galley Equipment Market, by Insert Type
10.1 Aviation Galleys
10.2 Electric Insert
10.3 Non-Electric Insert
10.4 Ship Galleys
10.5 Electric Insert
10.6 Non-Electric Insert
11.Galley Equipment Market, by Fit
11.1 Line Fit
11.2 Retro Fit
12.Galley Equipment Market, by Ship Type
12.1 Surface Ships
12.2 Amphibious Ships
12.3 Passenger Vessels
12.4 Recreational Boats
12.5 Bulk Carriers
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1 Diehl Stiftung & Co. KG
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Turkish Cabin Interior
14.3 Korita Aviation
14.4 Zodiac Aerospace
14.5 Rockwell Collins Inc.
14.6 JAMCO Corporation
14.7 AIM Altitude
14.8 Bucher Group
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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