The Global
Galley Equipment Market
is deriving much of its growth from the rapid development of the
aviation as well as marine transportation industries. The rising
demand for comfort and convenience while traveling through aircraft
and ships has led to the increasing demand for sophisticated galley
equipment. Additionally, the growing volume of trade using aircraft
and ships as means of transportation is likely to propel the galley
equipment market across the globe.
Aviation equipment
and marine equipment are the two main segments of the global galley
equipment market. The aviation galley equipment market consists of
various electric and non-electric inserts. Beverage makers, water
boilers, chillers, coffee makers, food warmers, refrigeration
systems, air chillers, and dishwashers are the major electric
inserts, whereas trash compactors, racks/trays, serving pots, and
trolleys are the key non-electric inserts available in the aviation
galley equipment market.
The marine galley
equipment market also comprises various electric non-electric
inserts. Food processing equipment, cooking equipment, refrigeration
systems and washing machines are the main electric inserts and
buffet/bar counters, trash compactors, canopies and hoods, and
stainless steel panel systems are the major non-electric inserts seen
in the marine galley equipment market.
Large aircraft,
narrow-body aircraft, wide-body aircraft, and other commercial
aircraft are the major end users for aviation galley equipment,
whereas amphibious ships, surface ships, submarines, passenger
vessels, recreational boats, and bulk carriers are the prime end
users for marine galley equipment.
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The global market
for galley equipment is spread across North America, Asia Pacific,
Europe, and the Rest of the World. In 2014, Asia Pacific emerged as
the leader among all the regional galley equipment markets and was
closely followed by North America. Analysts expect this regional
market to maintain its dominance as well as register the highest CAGR
over the next few years.
Rapid urbanization,
resulting in high demand for advanced aircraft and marine vessels, is
the main reason for the immense rise of this regional market. In
addition to this, the increasing number of shipments, coupled with
the rising demand for enhanced customer experience, is likely to
stimulate the galley equipment market in Asia Pacific in future.
The North America
market for galley equipment is driven by the extensive development of
the aviation industry in this region and is expected to post steady
growth in the coming years. The markets in Europe and the Rest of the
World are also projected to report an impressive rise in their market
valuations.
Zodiac Aerospace,
B/E Aerospace, Diehl Aerospace, Loipart AB, Bucher Leichtbau AG,
Almaco Group, Miele Marine, Jeitek, Jamco Corp., and Kangli Far East
Pte Ltd. are the key players functioning in the global market for
galley equipment.
The introduction of
innovative as well as technically advanced products is the main
strategy adopted by key players in this market in order to take a
lead over their peers. Apart from this, mergers and acquisitions,
partnerships, and joint ventures are also trending among market
participants looking to strengthen their presence in the global
space.
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