The report “Europe Galley Equipment Market by Type (Electric Galley Inserts, Non-Electric Galley Inserts), Application (Marine and Aviation), and Geography - Analysis and Forecasts to 2019”, defines and segments the Europe Galley Equipment Market and forecasts the market size, by value and volume.The Europe Galley Equipment Market is estimated to grow to $592.69 million by 2019, at a CAGR of 3.7% during the forecast period of 2014 to 2019.
Browse market data Tables and Figures and in-depth TOC on "Europe Galley Equipment Market"
The aviation sector is recovering from the impacts of the global economic crisis that occurred between 2008 and 2012 and this has helped the commercial aircraft manufacturers to garner new orders. Aircraft manufacturers are increasing their production capacity and the industry is witnessing new entrants from emerging economies in the narrow body aircraft segment.This in turn acts as an advantage for the aircraft component manufacturers. An increase in orders for the existing new aircraft models is expected during the forecast period.
With the increase in aircraft deliveries and the rising demand for modular and light weight galleys, the demand for customized galley equipment is expected to increase significantly in the coming years. Europe is the second-largest market for galley equipment, globally, projected to grow at a CAGR of 3.7% from 2014 to 2019.
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There are several factors that are expected to have positive impacts on the growth of the galley equipment market in Europe. There is a rising demand for aircrafts and cruise ships, along with the shifting preference for galley customization by business jet buyers, which is driving the galley equipment market in Europe.The demand for aviation galley equipment in the country is expected to rise due to the rising demand for business jets. The demand for marine galley equipment in the U.K.is expected to rise due to the rising demand for cruise ships, along with the increasing requirement for ships by defense forces to chart Arctic waters.
Key players in the Europe Galley Equipment Market are -
- Zodiac Aerospace
- B/E Aerospace
- Bucher Group
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