Global Galley Equipment Market Share Is Likely To Grow At A CAGR Value Of Around 4.1% By 2028

20-Apr-2022 | Facts and Factors

According to Facts & Factors, the galley equipment market was worth around USD 6219.5 million in 2021 and is estimated to grow to about USD 7915.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.1% over the forecast period. The report analyzes the galley equipment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the galley equipment market.

Galley equipment refers to a variety of onboard kitchen appliances used for cooking and storing food materials on land, sea, and airborne vessels. They consist of both non-electric and electric additives, such as serving pots, trays, racks, trolleys, and trash compartments, as well as food processing equipment, chillers, and washing machinery. The expanding travel and tourism industry represents one of the key factors driving the growth of the market in the forecast period. In addition, a significant increase in the sales of modern aircraft and the rising number of fleet deployments across the globe is also providing a boost to the market growth.

Browse the full “Galley Equipment Market By Application (Aviation, Marine, Defense, and Commercial), By Aircraft Type (Single-aisle, Twin-aisle, and Business General Aviation), By Ship Type (Surface Ships, Amphibious Ships, Passenger Vessels, Recreational Boats, and Bulk Carriers), By Insert Type (Aviation Galleys, Electric Insert, Non-Electric Insert, Ship Galleys, Electric Insert, and Non-Electric Insert), By Fit (Line Fit and Retro Fit), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/galley-equipment-market

There is also widespread adoption of lightweight galley equipment in various ships and aircraft that aid in enhancing the operational efficiency of the vessel, along with providing comfort and convenience for the passengers, driving the growth of the market in the coming years. If airlines used better galleries, they would be able to serve nicer food and beverages. These aspects may have a major impact on global market performance. The increasing demand for modular galleys is also creating a positive impact on market growth. Manufacturers are developing innovative and aesthetically appealing product variants that can be customized according to the requirements of the customers, propelling the growth of the market in the upcoming years.

Moreover, factors, like rapid urbanization and extensive research and development (R&D) activities in the aviation industry, are estimated to drive the market in the approaching years. Despite its numerous applications, the expansion of the galley equipment market is hampered by a few factors. The growing popularity of low-cost carriers for a variety of commercial and personal uses has stifled the growth of galley equipment. Furthermore, enterprises in this industry are always challenged by the need to reduce the weight and size of galley equipment.

The Galley Equipment Market is segregated based on Application, Aircraft Type, Ship Type, Insert Type, and Fit. Based on Application, the global market is distinguished into Aviation, Marine, Defense, and Commercial. Based on Aircraft Type, the global market is distinguished into Single-aisle, Twin-aisle, and Business general aviation. Based on Ship Type, the global market is distinguished into Surface Ships, Amphibious Ships, Passenger Vessels, Recreational Boats, and Bulk Carriers. Based on Insert Type, the global market is distinguished into Aviation Galleys, Electric Insert, Non-Electric Insert, Ship Galleys, Electric Insert, and Non-Electric Insert. Based on Fit, the global market is distinguished into Line Fit and Retro Fit.

During the forecast period, the APAC region is predicted to have the greatest growth rate in the galley equipment market. Over the last several years, the region has seen considerable expansion in the aviation and marine industries, mostly due to increased demand for new aircraft deliveries and an increase in the region's marine fleet, which is likely to enhance the galley equipment market. This growth can also be attributed to the increase in government spending on developing naval forces, increasing the disposable of the population in emerging countries, such as India and China.

North American Galley Equipment Market is expected to witness tremendous growth due to the growing number of commercial aircraft and the demand for new commercial aircraft and business jets in the region. In addition, the cruise industry in North America is on the rise due to more passengers opting for cruise travel in the region, new cruise ships with increased capacities are expected to be delivered in the future, driving the market growth in the future.

Report Scope

Key players functioning in the global galley equipment market include B/E Aerospace (U.S.), Zodiac Aerospace (France), JAMCO Corporation (Japan), Diehl Stiftung & Co. KG (Germany), and Meili Marine (U.S.). 

The global galley equipment market is segmented as follows:

By Application

• Aviation
• Marine
• Defense
• Commercial

By Aircraft Type

• Single-aisle
• Twin-aisle
• Business General Aviation

By Ship Type

• Surface Ships
• Amphibious Ships
• Passenger Vessels
• Recreational Boats
• Bulk Carriers

By Insert Type

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

By Fit

• Line Fit
• Retro Fit

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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