Galley Equipment Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast 2023-2027

Galley Equipment Market Forecast 2023-2027

The Galley Equipment Market  size is forecast to increase by USD 2.74 billion, at a CAGR of 5.12% between 2022 and 2027. 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.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by application (marine and aviation), type (single-aisle, twin-aisle, and business general aviation), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics

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.  

Key Market Driver

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. 

Significant Market Trends

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. 

Major Major Challenge

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. 

Market Segmentation by Application, Type, Geography 

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.

Application Segment Analysis: 

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 4.08 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.

Type Segment Analysis: 

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.

Regional Analysis

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North America is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during 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.

Who are the Major Market Players?

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.

Aerolux Ltd. - The company offers galley equipment such as an espresso maker, oven, rice cooker, refrigerator, and freezer.

Air Cabin Engineering Inc. - The company offers galley equipment such as 737 midship galleys, and ACE 9525 lower lobe cargo assy.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

• 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
• Raytheon Technologies Corp.
• Safran SA
• The Boeing Co.

Technavio report provides 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.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Marine
  • Aviation

• Type Outlook 
  • Single-aisle
  • Twin-aisle
  • Business general aviation

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

Market Analyst Overview

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	165
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.12%
Market growth 2023-2027	USD 2.74 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.05
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key countries	US, China, Japan, Germany, 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, Raytheon Technologies Corp., Safran SA, and The Boeing Co.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming market trends and changes in consumer behavior
• Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough market research and growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market growth and forecasting analysis of factors that will challenge the growth of market companies

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