HOME › Press Releases › Galley Equipment Market worth 6.36 Billion USD by 2020
Galley Equipment Market worth 6.36 Billion USD by 2020
The report "Galley Equipment Market by Fit (Line Fit, Retro Fit), by Galley Type (Single Aisle, Twin Aisle, Business Aviation), by Galley Inserts (Electric Inserts and Non-Electric Inserts), by Application (Aviation, Marine), by Geography - Global Forecast 2020", is projected to reach USD 6.36 Billion by 2020, at a CAGR of 4.21%. A number of factors, such as increasing demand for ship and aircraft, rise in demand for lightweight galley equipment, demand for galley customization as per customer’s preferences, and increase in demand for modular galleys are expected to drive the growth of the galley equipment market.
Browse 186 tables and 240 figures spread through 320 Pages and in-depth TOC on "Galley Equipment Market - Global Forecast 2020"
Early buyers will receive 10% customization on reports.
Marine segment to dominate galley equipment market
Segmented on the basis of applications, the marine segment dominates the studied market and is expected to continue its dominance over the next five years. This growth is primarily driven by increasing number of marine shipments across the globe. Huge investment by countries, such as Russia, U.S., Japan, China and U.K. in developing their naval forces is also one of the key factors driving the marine galley equipment market. This spending includes addition of new marine vehicles, which have a direct impact on galley equipment demand.
Retro fit segment is expected to grow the highest during the forecast period
The global galley equipment market has been analyzed and segmented into two types of fits namely, retro fit and line fit. The retro fit segment dominates the overall galley equipment market, and is expected to exhibit a similar trend during the next five years. It is expected to dominate the market on account of replacement requirement for galley equipment in aircraft and ships.
Galley equipment market is expected to witness the highest growth in the Asia-Pacific region.
The Asia-Pacific region has been witnessing strong growth in the aviation and maritime industry over the past few years, mainly driven by increasing demand for new aircraft deliveries and rise in marine fleet in the region, which, in turn, is expected to boost the galley equipment market. This growth can be attributed to the increase in government spending in developing naval forces and increasing disposable of population in emerging countries, such as India and China.
Zodiac Aerospace (France): One of the key players in the galley equipment market
The major players in this market are B/E Aerospace (U.S.), JAMCO Corporation (Japan), and Diehl Stiftung & Co. KG (Germany), and Meili Marine (U.S.), among others.
The report classifies the galley equipment market based on application, insert type, galley type and fit. The market has been segmented based on fit into retro fit and line fit. The market is segmented further based on application, into aviation and marine. Based on the galley type, the market is segmented into single-aisle, twin-aisle and business general aviation. Based on insert type, the market is segmented into electric and non-electric.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India