During the years 2021–2026, the global market for galley equipment is anticipated to develop at a moderate rate. In land, maritime, and airborne boats, galley equipment refers to a variety of on-board kitchen equipments used for food preparation and storage. Along with numerous electric inserts like food processing apparatus, refrigeration systems, and washing machines, they also offer a variety of non-electric inserts including serving pots, trays, racks, trolleys, and garbage sections. They are often small, strong, stiff, and created for maximum effectiveness and best use of the available space.
One of the main drivers propelling the market’s growth is the rising travel and tourism sector. Additionally, the industry is being boosted by a notable rise in modern aircraft purchases as well as an increase in fleet deployments around the world.
Additionally, light-weight galley equipment is frequently used in a variety of ships and aeroplanes, which helps to improve operational effectiveness while also giving passengers comfort and convenience. A good prognosis for market growth is also being created by the rising demand for modular galleys.
Through in-depth secondary research using a variety of sources, including directories and paid databases like Hoovers, Factiva, and Business Week, among others, the market size estimates for the many categories and sub segments of this market were arrived at. Additionally, research has been conducted utilising primary data to corroborate findings and secondary data to further triangulate the market with the aid of statistical methods and econometric tools. Interviews with all main sources at all levels have been conducted in order to collect and validate crucial qualitative and quantitative data as well as to determine the market’s potential in the future. Secondary research has been used to identify key players in the sector, and primary and secondary research has been used to estimate their market valuations. The following figure shows the breakdown of the participant profiles for the main discussion:
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The single-aisle, twin-aisle, and business general aviation segments of the galley equipment market have been created based on type. During the projection period of 2015 to 2020, the single-aisle category is anticipated to develop at the quickest CAGR, primarily due to rising demand for single-aisle aircraft around the world.
Manufacturers are creating product variants that are creative and aesthetically pleasing and that can be altered to meet the needs of the clients. By utilising more sophisticated structural and module interfaces, including panel inserts, this improves the travel experience. The market is expected to be further fueled by additional factors such as rising urbanisation and significant R&D efforts in the aviation sector. In the future, IMARC Group anticipates that the global market for galley equipment will expand at a CAGR of roughly 4% during the projected period (2021-2026).
A look at the industry’s competitive landscape reveals some of the major players, including Aerolux Limited, Air Cabin Engineering Inc., Aluminox S.A., B/E Aerospace Inc., Bucher Group, Diehl Stiftung & Co. Kg, Diethelm Keller Aviation Pte Ltd., Jamco Corporation, Jeitek, Kang Li Far East Pte Ltd., Loipart AB, Meili Marine USA, and Zodiac Aerospace Ltd.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa