The Galley Equipment Market Size was valued at USD 10 billion in 2023 and is expected to reach USD 15 billion by 2031 with a growing CAGR of 5.2% over the forecast period 2024-2031.
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.
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MARKET DYNAMICS
KEY 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
OPPORTUNITIES:
Increased Customer Experience Demand
Shipments are increasing in Asia-Pacific, Latin America, and the Middle East.
CHALLENGES
Increasing Efficiency by Reducing Equipment Space and Weight
Different Galley Design Preferences
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
By Aircraft Type
Single-aisle
Twin-aisle
Business general aviation
By Application
Aviation
Single-aisle
Twin-aisle
Business general aviation
Marine
Defense
Commercial
By Insert Type
Aviation Galleys
Electric Insert
Non-Electric Insert
Ship Galleys
Electric Insert
Non-Electric Insert
By Fit
Line Fit
Retro Fit
By Ship Type
Surface Ships
Amphibious Ships
Passenger Vessels
Recreational Boats
Bulk Carriers
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REGIONAL ANALYSIS
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
The Major Players are Rockwell Collins Inc., JAMCO Corporation, Bucher Group, Aerolux, Turkish Cabin Interior, Korita Aviation, Zodiac Aerospace, AIM Altitude, Diehl Stiftung & Co. KG., and other players
Rockwell Collins Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 10 Billion |
| Market Size by 2031 | US$ 15 Billion |
| CAGR | CAGR of 5.2 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 |
According to SNS insiders, the Galley Equipment Market size was USD 10 billion in 2023 and is expected to reach USD 15 billion by 2031 with a CAGR of 5.2% 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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Galley Equipment Market Segmentation, by Aircraft Type
8.1 Single-aisle
8.2 Twin-aisle
8.3 Business general aviation
9. Galley Equipment Market Segmentation, by Application
9.1 Aviation
9.2 Single-aisle
9.3 Twin-aisle
9.4 Business general aviation
9.5 Marine
9.6 Defense
9.7 Commercial
10. Galley Equipment Market Segmentation, 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 Segmentation, by Fit
11.1 Line Fit
11.2 Retro Fit
12. Galley Equipment Market Segmentation, 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
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Diehl Stiftung & Co. KG
14.1.1 Financial
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
14.9 Aerolux
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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