Global Galley Equipment Market: Overview
The galley is basically an onboard kitchen on water- or airborne vessel. It is used for storing various food materials and is also used for cooking food. There is limited size available on a vessel, thus by various ships and aircraft, the galley needs to be efficient and compact so that there is maximum utilization of the available space. There is an increase in the demand for the galley equipment in the aircraft and ships which are fixed and movement resistant. The galley equipment should be user-friendly in order to provide increased convenience and a good user experience.
Global Galley Equipment Market: Segmentation
The galley equipment market is globally segmented into its application, aircraft type, ship type, insert type, and fit. On the basis of application, the global market is segregated into aviation and marine. The aviation segment is sub-segmented into business general aviation, single-aisle, and twin-aisle. The marine segment is sub-segmented into commercial and defense. Based on the aircraft type, the market is categorized into twin-aisle, single-aisle, and business general aviation. On the basis of ship type, the market is divided into amphibious ships, recreational boats, surface ships, passenger vessels, and bulk carriers. The insert type can be classified as non-electric insert and electric insert. Based on the fit type, the market is divided into retrofit and line fit.
Global Galley Equipment Market: Growth Factors
The major factor that is driving the growth of the global market for galley equipment is the increasing demand for the lightweight galley equipment. The advanced lightweight galley equipment is being adopted on a wide scale. The increasing demand for the convenience and comfort in the various aircraft and ships has increased the demand of the market. The demand for ships and aircraft has increased for the commercial and leisure purposes, which in turn is increasing the demand for the galley equipment. There have been technological advancements made in the market such as customized galley equipment and modular galley equipment which is growing the opportunities of the galley equipment market. The companies are now making the customized galley equipment in order to meet the individual requirements, thus driving the demand of the market. Increasing popularity of the low-cost carriers for different purposes such as personal and commercial is hindering the market growth. Another problem that the market faces is the constant requirement of reducing the size of the galley equipment.
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Global Galley Equipment Market: Regional Analysis
Region-wise, the global galley equipment market is diversified into Asia Pacific, North America, Europe, and Rest of the World. The region that dominates the galley equipment market is Asia Pacific. The factor that contributes to this growth is the growth of the marine and aviation industry which in turn increases the demand for the galley equipment. In the emerging nations such as China and India, the government is taking initiatives and is making investments to develop their aviation and naval industry, thus affecting the market growth of the galley equipment in a positive way.
Global Galley Equipment Market: Competitive Players
The major market players in the galley equipment market include Zodiac Aerospace, Kang Li Far East Pte. Ltd., Jeitek Co. Ltd., Bucher Leichtbau AG, Reinhold & Mahla AG, Diehl Aerospace GmbH., Loipart AB, Jamco Corporation, Almaco Group, and B/E Aerospace, Inc.