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The Galley Equipment Market size is estimated to grow at a CAGR of 5.12% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,747.9 million. The growth of the market depends on several factors such as the growing demand for lightweight galley equipment, the increasing number of orders for commercial aircraft and cruise ships, and the growing number of passengers.
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.
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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. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
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 vendors 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 vendors mostly use composite-based materials to help in reducing 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 vendors 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 vendors 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 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 4,084.87 million in 2017. Some major vendors 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 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 vendors 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.
The COVID-19 outbreak drastically impacted the regional market due to its negative impact on the aviation industry. Travel restrictions imposed to limit the spread of COVID-19 resulted in a massive reduction in passenger traffic, causing reduced demand for galley equipment. However, mass COVID-19 vaccination drives helped the aviation industry resume operations, which in turn helped boost demand for the galley equipment market. Hence such factors are likely to result in further market growth during the forecast period.
Vendors 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 vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The galley equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Galley Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.12% |
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Market growth 2023-2027 |
USD 2,747.9 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.05 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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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. |
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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, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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