Global Galley Equipment Market to be Fuelled by Steady Growth of Aviation and Marine Industries

Press Release   •   Jan 28, 2016 05:03 EST

The Global Galley Equipment Market is deriving much of its growth from the rapid development of the aviation as well as marine transportation industries. The rising demand for comfort and convenience while traveling through aircraft and ships has led to the increasing demand for sophisticated galley equipment. Additionally, the growing volume of trade using aircraft and ships as means of transportation is likely to propel the galley equipment market across the globe.

Aviation equipment and marine equipment are the two main segments of the global galley equipment market. The aviation galley equipment market consists of various electric and non-electric inserts. Beverage makers, water boilers, chillers, coffee makers, food warmers, refrigeration systems, air chillers, and dishwashers are the major electric inserts, whereas trash compactors, racks/trays, serving pots, and trolleys are the key non-electric inserts available in the aviation galley equipment market.

The marine galley equipment market also comprises various electric non-electric inserts. Food processing equipment, cooking equipment, refrigeration systems and washing machines are the main electric inserts and buffet/bar counters, trash compactors, canopies and hoods, and stainless steel panel systems are the major non-electric inserts seen in the marine galley equipment market.

Large aircraft, narrow-body aircraft, wide-body aircraft, and other commercial aircraft are the major end users for aviation galley equipment, whereas amphibious ships, surface ships, submarines, passenger vessels, recreational boats, and bulk carriers are the prime end users for marine galley equipment.

The global market for galley equipment is spread across North America, Asia Pacific, Europe, and the Rest of the World. In 2014, Asia Pacific emerged as the leader among all the regional galley equipment markets and was closely followed by North America. Analysts expect this regional market to maintain its dominance as well as register the highest CAGR over the next few years.

Rapid urbanization, resulting in high demand for advanced aircraft and marine vessels, is the main reason for the immense rise of this regional market. In addition to this, the increasing number of shipments, coupled with the rising demand for enhanced customer experience, is likely to stimulate the galley equipment market in Asia Pacific in future.

The North America market for galley equipment is driven by the extensive development of the aviation industry in this region and is expected to post steady growth in the coming years. The markets in Europe and the Rest of the World are also projected to report an impressive rise in their market valuations.

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Zodiac Aerospace, B/E Aerospace, Diehl Aerospace, Loipart AB, Bucher Leichtbau AG, Almaco Group, Miele Marine, Jeitek, Jamco Corp., and Kangli Far East Pte Ltd. are the key players functioning in the global market for galley equipment.

The introduction of innovative as well as technically advanced products is the main strategy adopted by key players in this market in order to take a lead over their peers. Apart from this, mergers and acquisitions, partnerships, and joint ventures are also trending among market participants looking to strengthen their presence in the global space.

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