Galley Equipment Market to grow by USD 2.74 billion from 2022 to 2027, Growing demand for lightweight galley equipment to drive the growth- Technavio

NEW YORK, Sept. 12, 2023 /PRNewswire/ — The galley equipment market is expected to grow by USD 2.74 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 5.12% during the forecast period. The market is segmented 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). The growing demand for lightweight galley equipment is a key factor driving market growth. Commercial aircraft and ship manufacturers are prioritizing lightweight kitchen equipment to reduce stress on board. Companies offer design, construction, and technology customizations to meet user needs. For example, the Bucher group is known for its light kitchen options. This weight reduction not only improves onboard comfort but also helps reduce fuel consumption, thus providing economic and environmental benefits. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample 

Key Highlights:
The report recognizes the following as some of the key players in the galley equipment market: 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.The Galley Equipment Market is fragmented in nature.Market to observe 5.05% YOY growth in 2023.Market Dynamics:
Major Trends
The rising demand for customized galley systems is a major trend in the market.Significant Challenge
The growth of LCC airlines is a significant challenge restricting market growth.The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments
The market is segmented 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).
The market share growth by the marine segment will be significant during the forecast period. These end users include commercial ships, cruisers, and yachts. Galley equipment contributes to improving the quality and hygiene of food served on board. Major suppliers include Kang Li Far East, ALMACO Group, Loipart, and GN Espace, which supply appliances such as ovens, mixers, blenders, toasters, deep fryers, refrigerators, and compressors. In addition, partnerships such as National Marine Companies with Vulcan, Hobart, and others help deliver high-quality solutions. Hence, these factors are expected to drive segment growth during the forecast period.Get a glance at the market contribution of the segments, Request a Sample Report 
Related Reports:
The Aerostat Systems Market size is estimated to grow at a CAGR of 15.07% between 2022 and 2027. The market size is forecast to increase by USD 10,583 million. This report extensively covers market segmentation by type (balloons, airships, and hybrid airships), propulsion (powered and unpowered), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Better performance and cost benefits compared with geostationary satellites are expected to drive the growth of the global aerostat system market during the forecast period.
The flight simulator market size is estimated to grow at a CAGR of 6.62% between 2022 and 2027. The market size is forecast to increase by USD 2,837.47 million. This report extensively covers market segmentation by product type (military flight simulator and commercial flight simulator), platform (rotary wing simulator, fixed wing simulator, and UAV simulator), and geography (North America, APAC, Europe, South America, and Middle East and Africa). Rising demand for cost-effective virtual training in the aviation industry is expected to drive the growth of the market during the forecast period.
Galley Equipment Market Scope
Report Coverage
Details
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 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 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.
ToC:Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/galley-equipment-market-to-grow-by-usd-2-74-billion-from-2022-to-2027–growing-demand-for-lightweight-galley-equipment-to-drive-the-growth–technavio-301924468.html
SOURCE Technavio 

NEW YORK, Sept. 12, 2023 /PRNewswire/ — The galley equipment market is expected to grow by USD 2.74 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 5.12% during the forecast period. The market is segmented 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). The growing demand for lightweight galley equipment is a key factor driving market growth. Commercial aircraft and ship manufacturers are prioritizing lightweight kitchen equipment to reduce stress on board. Companies offer design, construction, and technology customizations to meet user needs. For example, the Bucher group is known for its light kitchen options. This weight reduction not only improves onboard comfort but also helps reduce fuel consumption, thus providing economic and environmental benefits. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample 

Key Highlights:

The report recognizes the following as some of the key players in the galley equipment market: 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.The Galley Equipment Market is fragmented in nature.Market to observe 5.05% YOY growth in 2023.

Market Dynamics:

Major Trends

The rising demand for customized galley systems is a major trend in the market.

Significant Challenge

The growth of LCC airlines is a significant challenge restricting market growth.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments

The market is segmented 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).

The market share growth by the marine segment will be significant during the forecast period. These end users include commercial ships, cruisers, and yachts. Galley equipment contributes to improving the quality and hygiene of food served on board. Major suppliers include Kang Li Far East, ALMACO Group, Loipart, and GN Espace, which supply appliances such as ovens, mixers, blenders, toasters, deep fryers, refrigerators, and compressors. In addition, partnerships such as National Marine Companies with Vulcan, Hobart, and others help deliver high-quality solutions. Hence, these factors are expected to drive segment growth during the forecast period.

Get a glance at the market contribution of the segments, Request a Sample Report 

Related Reports:

The Aerostat Systems Market size is estimated to grow at a CAGR of 15.07% between 2022 and 2027. The market size is forecast to increase by USD 10,583 million. This report extensively covers market segmentation by type (balloons, airships, and hybrid airships), propulsion (powered and unpowered), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Better performance and cost benefits compared with geostationary satellites are expected to drive the growth of the global aerostat system market during the forecast period.

The flight simulator market size is estimated to grow at a CAGR of 6.62% between 2022 and 2027. The market size is forecast to increase by USD 2,837.47 million. This report extensively covers market segmentation by product type (military flight simulator and commercial flight simulator), platform (rotary wing simulator, fixed wing simulator, and UAV simulator), and geography (North America, APAC, Europe, South America, and Middle East and Africa). Rising demand for cost-effective virtual training in the aviation industry is expected to drive the growth of the market during the forecast period.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/galley-equipment-market-to-grow-by-usd-2-74-billion-from-2022-to-2027–growing-demand-for-lightweight-galley-equipment-to-drive-the-growth–technavio-301924468.html

SOURCE Technavio