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Global Galley Equipment Market 2017-2021

Global Galley Equipment Market 2017-2021

About Galley Equipment

The galley is an area in an aircraft or ship, where the food is prepared and cooked. The electric and non-electric equipment used in the galley area is termed as galley equipment. The global galley equipment market is segmented based on its applications into aviation segment and marine segment. The galley equipment market in the marine segment accounts for strong revenue share due to its larger requirements for galley inserts, which are expensive. However, the galley equipment used in the aviation segment is expected to post a higher growth rate as compared to the marine segment.

Technavio’s analysts forecast the global galley equipment market to grow at a CAGR of 4.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global galley equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of new units of galley equipment to aviation and marine end-users.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Galley Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • B/E Aerospace
  • JAMCO
  • Kang Li Far East
  • Loipart
  • Zodiac Aerospace
Other prominent vendors
  • GN Espace
  • Bucher Group
  • JEITEK
  • Diehl Aerosystem
  • Aerolux
  • National Marine Suppliers
Market driver
  • Increasing number of commercial aircraft and ship orders.
  • For a full, detailed list, view our report
Market challenge
  • Growth of LCC airlines.
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for retrofitting and renovation.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Galley Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global galley equipment market: B/E Aerospace, JAMCO, Kang Li Far East, Loipart, and Zodiac Aerospace.

Other Prominent Vendors in the market are: GN Espace, Bucher, JEITEK, Diehl Aerosystem, Aerolux, and National Marine Suppliers.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for customized galley systems. The global galley market has experienced significant growth over the years mainly due to the consistent vendor focus on providing customized services to the commercial aviation and marine segments. Most clients of the galley system vendors have specific requirements as they operate differently and there are no standard designs for galley systems. The customization is mostly based on different parameters, which include compactness design and light weight to reduce the overall load on aircraft and ships. For instance, airlines that provide five-course meals or offer self-service of beverages and snacks need extra space on the counter.”

According to the report, one driver in the market is increasing number of commercial aircraft and ship orders. Galley equipment is an integral part of the interior design system of commercial aircraft and ships. Commercial aircraft and ships often include advanced galley equipment systems. The increase in the number of orders for commercial aircraft and ships is directly influencing the market for galley equipment. In April 2016, MSC Cruises ships company entered an agreement with STX France for the construction of four new class vessels, and the first two of these new ships have to be delivered by the end of 2022.Similarly, MSC Cruises have announced ordering two Meraviglia Plus ships to be delivered in October 2019 and September 2020. Celebrity Cruises has ordered four new ships to be constructed by STX France to be delivered by the end of 2022. APAC is expected to receive over 12,500 new aircraft deliveries by the end of 2034.

Further, the report states that one challenge in the market is growth of LCC airlines. A significant increase in the preference for LCC aircraft around the world poses a threat to the growth prospects of the global galley equipment market. Southeast Asia has seen a considerable growth in the LCC segment. In 2015, the LCC fleet in Southeast Asia added more than 600 aircraft and witnessed over 12% growth in 2015 compared with the previous year. This translates to a 50% growth over 2012 when the number of LCC in the region was around 400. Lion Air, Air Asia, and Wings Air are some of the leading LCC airlines in Southeast Asia. Globally, LCC airlines have different market penetration approaches to increase the revenue. For instance, simplified fleet structure, faster turnaround time, and increasing focus on generating revenues has provided an opportunity to LCC airlines to serve passengers in newer routes. The growing prevalence of no-frills services encourages LCC airlines to minimize the use of galley equipment. LCC airlines confine the use of galley equipment to the most necessary areas, and only airlines that serve high-profile clients prefer better galley equipment.

Companies Mentioned

B/E Aerospace, JAMCO, Kang Li Far East, Loipart, Zodiac Aerospace, GN Espace, Bucher, JEITEK, Diehl Aerosystem, Aerolux, National Marine Suppliers.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries in the region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Application segment analysis
      • Table Global galley equipment market by application: Bubble chart analysis
    • Geographical segment analysis
      • Table Global galley equipment market by geography: Bubble chart analysis
  • Market landscape
    • Market overview
      • Table Global galley equipment market in the global foodservice equipment market 2016
      • Table Global galley equipment market segmentation
    • Market size and forecast
      • Table Global galley equipment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global galley equipment market by application in 2016
    • Table Global galley equipment market by application in 2021
    • Global aviation galley equipment market
      • Table Global aviation galley equipment market 2016-2021 ($ billions)
    • Global marine galley equipment market
      • Table Global marine galley equipment market 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global galley equipment market by geography 2016
    • Table Global galley equipment market by geography 2021
    • Galley equipment market in North America
      • Table Galley equipment market in North America 2016-2021 ($ billions)
    • Galley equipment market in Europe
      • Table Galley equipment market in Europe 2016-2021 ($ billions)
    • Galley equipment market in APAC
      • Table Galley equipment market in APAC 2016-2021 ($ billions)
    • Galley equipment market in ROW
      • Table Galley equipment market in ROW 2016-2021 ($ billions)
  • Key leading countries
    • Table Global galley equipment market: Key leading countries by market share 2016
    • US
      • Table Galley equipment market in the US 2016-2021 ($ millions)
    • China
      • Table Galley equipment market in China 2016-2021 ($ millions)
    • France
      • Table Galley equipment market in France 2016-2021 ($ millions)
  • Market drivers
    • Growing demand for lightweight galley equipment
    • Increasing number of commercial aircraft and ship orders
      • Table New aircraft deliveries in APAC by aircraft type 2015-2034 (in units)
    • Growing number of passenger travels
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Growth of LCC airlines
      • Table Share of global revenue per mile traffic by airline type 2014
      • Table Share of global revenue per mile traffic by airline types in 2034
    • Design constraints
    • Harmful galley grease
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising demand for customized galley systems
    • Energy-saving control system
    • Growing prevalence of retrofitting and renovation
  • Vendor landscape
    • Competitor scenario
      • Table Global galley equipment market: Competitor analysis
  • Key vendor analysis
    • B/E Aerospace
      • Table B/E Aerospace: Product portfolio
    • JAMCO
      • Table JAMCO: Product portfolio
    • Kang Li Far East
      • Table Kang Li Far East: Product portfolio
    • Loipart
      • Table Loipart: Product portfolio
    • Zodiac Aerospace
      • Table Zodiac Aerospace: Product portfolio
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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