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The galley equipment market size is forecast to increase by USD 3.18 billion at a CAGR of 5.59% between 2024 and 2028. The market's expansion hinges on multiple factors, including the surging interest in lightweight galley equipment, escalating orders for commercial aircraft and cruise ships, and the rising volume of passengers. These trends collectively fuel the market's growth trajectory, as airlines and cruise liners prioritize efficient and modern amenities to enhance customer experience. The demand for lightweight equipment reflects industry efforts towards fuel efficiency and operational optimization. Likewise, the increasing number of orders indicates robust activity within the aviation and maritime sectors, driven by factors such as expanding travel opportunities, economic growth, and technological advancements in the transportation industry. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
Market Forecast 2023-2027
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The Market is propelled by travel and tourism demands alongside modern aircraft sales and the global deployment of fleets, necessitating lightweight galley equipment for both ships and aircraft. Emphasis on operational efficiency and passenger comfort drives innovations in electric-based technologies, aiming to reduce the carbon footprint. Challenges lie in meeting diverse aircraft and ship type requirements, ensuring fit and functionality of inserts and serving equipment while adhering to customer expectations and commercial airline standards amidst evolving technological advancements. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The growing demand for lightweight galley equipment is driving market growth. Commercial aircraft and ship manufacturers are increasingly focusing on installing lightweight galley equipment that significantly reduces stress on board. In addition, the companies are offering customizable design, construction, and technology to meet end-user requirements. For instance, Bucher Group is a galley equipment vendor particularly well known for offering lightweight options. Additionally, their products have enhanced lifespan, greater stability, and are corrosion-free for a minimum of 15 years. This is primarily due to their models having an anodized aluminum frame and powder-coated panels.
Moreover, major aircraft manufacturers like Airbus and Boeing favor lightweight galley systems offered by Bucher Group. In the case of aircraft, galley equipment companies mostly use composite-based materials to help reduce the load on the aircraft substantially. Moreover, the reduced weight of such materials also results in lower fuel consumption and, hence, reduced operational costs. Hence such factors will boost the growth of the market during the forecast period.
The rising demand for customized galley systems is a key trend in the market. Clients buy galley equipment to meet certain requirements, hence there is the option of customization of services, especially to the commercial aviation and marine segments. For example, a lightweight and compact design must be required in airplanes that must provide five-course meals and require extra counter space.
Moreover, cultural preferences also influence the design of galley equipment. For instance, European customers prefer espresso makers over coffee makers. Additionally, diverse client requests or altering menus offered on flights necessitate galley customization. With an increasing number of corporate aircraft, galley equipment companies help to provide design customizations for complex bars according to client requests. Hence such factors will propel the growth of the market during the forecast period.
The growth of LCC airlines is challenging market growth. The LCC model has caused steady passenger traffic growth, especially in the APAC region. Some LCC companies in the region include Lion Air, Air Asia, and Wings Air. Certain unique features that characterize LCC airlines include a simplified fleet structure and faster turnaround time, all directed towards revenue maximization.
Moreover, LCC airlines are increasingly adopting no-frills services which urges minimization of expenditure on galley equipment. The role of galley equipment in LCC airlines is minimal, and only opted for when required. This reduces the client base of galley equipment manufacturers to airlines that serve high-profile clients. APAC has led the trend towards LCC airlines, encouraging countries in Africa and the Middle East to follow, which will hinder market growth during the forecast period.
The Market is intricately tied to travel and tourism, driven by modern aircraft sales and the global deployment of fleets across various ships and aircraft. As the aviation and maritime industries prioritize operational efficiency and passenger comfort, there's a growing demand for lightweight galley equipment. Advancements in technology, particularly in electric-based technologies, are crucial for reducing the carbon footprint of different aircraft types and ship types. In this market, insert type, fit, and sources play significant roles, ensuring that the galleries and compartments are well-equipped to cater to the diverse food and customer needs of commercial airlines. The serving equipment, food preparation tools, jump seats, and other tools are designed to enhance the overall passenger experience while maintaining operational efficiency for airlines and maritime companies.
The market share growth by the marine segment will be significant during the forecast period. These end-users include commercial ships, cruisers, and yachts, among others which enhances the quality and hygiene of the food served onboard. Galley equipment helps in enhancing the quality and hygiene of the food served onboard. Moreover, there are numerous innovations to cater to this segment, such as the provision for a universal control system by ALMACO Group, which can be used to maintain standard temperature for all refrigerators onboard marine vessels.
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The marine segment was the largest segment and was valued at USD 4.29 billion in 2017. Some major companies include Kang Li Far East, ALMACO Group, Loipart, and GN Espace which offer equipment like ovens, blenders, mixers, toasters, fryers, refrigerators, and trash compactors. Additionally, partnerships such as National Marine Suppliers with Vulcan, Hobart, and others are helping to provide high-quality solutions. Moreover, the increasing demand for marine vessels for freight purposes will boost the growth of the market during the forecast period.
The single-aisle segment includes aircraft that are constructed with a single-aisle configuration. It is also known as narrow-body aircraft. They allow for up to six-abreast seating in a cabin with a width of 13 feet. Advantages of this type of galley include its space-saving design and specifications as well as the lightweight materials used in manufacture. Hence, greater cost-effectiveness of single-aisle galley equipment will boost market growth during the forecast period.
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North America is estimated to contribute 35% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In North America, the presence of numerous commercial aircraft manufacturers such as Boeing and Bombardier and increasing commercial air traffic is driving regional market growth. Rising demand from the North American marine sector and commercial aircraft has resulted in companies like Zodiac Aerospace, which offers the lightweight B737 MaxFlex galley. Moreover, the modernization of fleets and passenger services on board are other factors that will result in greater demand for the market. For example, American Airlines provides new services including free snacks in economy class on all domestic flights and specific international flights. Some initiatives undertaken by airlines will boost regional market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Aerolux Ltd., Air Cabin Engineering Inc., Aluminox S.A., Astronics Corp., AVIC Cabin Systems Ltd., Bucher Leichtbau AG, Diehl Stiftung and Co. KG, Direct Aviation Group, ETI Tech LLC, Euro Composites SA, Geven Spa, GN Espace Galley Solutions Ltd., Goltens Worldwide Management Corp., JAMCO Corp., Kang Li Far East Pte Ltd., Loipart AB, Miele and Cie. KG, RTX Corp., Safran SA, and The Boeing Co.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Market is intricately linked with the travel and tourism industry, encompassing both modern aircraft sales and the global deployment of fleets across ships and aircraft. Operational efficiency and passenger comfort are paramount in aviation and maritime industries, driving advancements in technology towards electric-based solutions that enhance efficiency and performance. With a focus on air travel and cruise tourism, galley equipment is evolving to meet individual customer needs while navigating limited space constraints. As urbanization spurs the demand for in-flight and onboard dining experiences, Hoovers, galley equipment suppliers face challenges in ensuring durability, longevity, and functional requirements amidst intense competition. Environmental concerns have also led to sustainability initiatives, reducing the carbon footprint of aircraft and ships.
Moreover, the market landscape involves various stakeholders, from traditional operators to technology companies, aviation and marine authorities, and contracts with commercial airlines. Galley equipment encompasses a range of tools and techniques, including serving equipment, food preparation tools, jump seats, and more, all aimed at delivering better-quality services. However, the market is not without its challenges, including high finance requirements, operational complexities, and the need for continuous innovation to meet evolving norms and standards. Despite these restraints, the Market presents significant market opportunities driven by the rising number of flyers seeking functional and durable equipment that aligns with design specifications and operational needs.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
Market growth 2024-2028 |
USD 3.18 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.22 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 35% |
Key countries |
US, China, Germany, Japan, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aerolux Ltd., Air Cabin Engineering Inc., Aluminox S.A., Astronics Corp., AVIC Cabin Systems Ltd., Bucher Leichtbau AG, Diehl Stiftung and Co. KG, Direct Aviation Group, ETI Tech LLC, Euro Composites SA, Geven Spa, GN Espace Galley Solutions Ltd., Goltens Worldwide Management Corp., JAMCO Corp., Kang Li Far East Pte Ltd., Loipart AB, Miele and Cie. KG, RTX Corp., Safran SA, and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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