The increasing demand for modular galleys is driving the galley equipment market. According to the projections in the report, the galley equipment market is estimated to grow from $5.17 billion in 2015 to $6.36 billion by 2020, at a CAGR of 4.21% during the forecast period from 2015 to 2020. Factors that drive the global galley equipment market include need for modular galleys, increasing aircraft deliveries and increasing demand for lightweight galleys. Significant growth in passenger traffic across the globe has resulted in increase in demand for commercial aircraft, which, in turn, influenced the demand for galley equipment positively.
Complete report on galley equipment market spread across 320 pages, profiling 13 companies and supported with 186 tables and 240 figures is now available at http://www.rnrmarketresearch.com/galley-equipment-market-by-galley-type-single-aisle-twin-aisle-custom-fit-by-galley-inserts-electric-inserts-and-non-electric-inserts-by-application-aviation-marine-by-geography-forecast-market-report.html .
The aviation segment is to witness the highest growth of galley equipment market during the forecast period. The key applications considered for the market study are aviation and marine. The aviation segment is projected to grow at a comparatively higher CAGR during the forecast period of 2015 to 2020. This growth is mainly driven by the increasing aircraft deliveries across APAC and ME regions. Galley equipment is mainly used in aircraft to serve fresh and healthy food to the passengers. The growth in aircraft deliveries, coupled with rising passenger traffic, is expected to drive the demand for aviation galley equipment over the forecast period.
The APAC region is expected to witness the highest growth rate in the galley equipment market during the forecast period from 2015 to 2020. This growth in the galley equipment market can be attributed to new aircraft deliveries in the region. There is a significant rise in air passenger traffic in this region owing to growth in international tourism and increasing disposable income of individuals in developing countries, such as India and China.
From an insight perspective, galley equipment market research report has focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the galley equipment market, high-growth regions, and market drivers, restraints, and opportunities.
The major players in galley equipment market include Zodiac Aerospace, Diehl Stiftung & Co. Kg, B/E Aerospace Inc, Jamco Corporation, Meili Marine USA, Diethelm Keller Aviation PTE Ltd., Air Cabin Engineering Inc., Bucher Group, Jeitek, Loipart AB, Kang Li Far East PTE Ltd., Aerolux Limited and Aluminox S.A. Priced at $4650 for a single user PDF, Inquire Before Buying on “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” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=256796 .
On a related note, another research titled Aerostat Systems Market Global Forecast to 2021 says, the aerostat systems market is expected to grow from $5.42 billion in 2016 to $10.95 billion by 2021, at a CAGR of 15.10% from 2016 to 2021. The Middle East region is expected to exhibit the highest growth rate in the aerostat systems market and is projected to grow at CAGR of approx. 18.3% during the forecast period from 2016 to 2021. Companies like Raytheon Company, Lockheed Martin Corporation, Tcom L.P., Raven Industries Inc., Exelis Inc., Allsopp Helikites Ltd., ILC Dover, L.P., Israel Aerospace Industries (IAI) and Lindstrand Technologies Limited have been profiled in this 159 pages research report available at http://www.rnrmarketresearch.com/aerostat-systems-market-by-aerostat-class-small-medium-large-by-balloon-type-spheroidal-ellipsoidal-by-payloadelectro-optics-thermal-imaging-camera-electronic-intelligence-surveillance-market-report.html .
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