Published Date : 15 Jan 20 | Views: 10 | Industry : Machinery & Equipment
Cooking Segment is Expected to be a Prominent Segment During the Projected Period
The type segment of the market is divided into Beverages & Refrigeration, Baking, Dishwasher, Cooking, and Miscellaneous furniture. The cooking equipment is needed on ships for feeding the crew. This equipment is designed for limited space and is resistant to the movement of the ship. This is likely to fuel the growth of the cooking segment over the next few years.
The application segment of the market is bifurcated into ship repair & conversion and shipbuilding while the vessel type segment is segregated into Passenger vessels, Offshore and special vessel, bulk containers and oil tankers, yacht and other ships, general cargo and container ships, and naval ships.
Large U.S. navy fleet to Foster the Growth of the Regional Market
The major market for the ship galley equipment in North America is the U.S. due to the presence of a large fleet. Europe has a considerable amount of tourism, which is likely to boost the growth of the market. South Korea along with Japan are expected to be at the forefront of the shipbuilding industry in the Asia-Pacific, which is likely to foster the growth of the Ship Galley Equipment market.
Market Player are Inclined to offer Advanced Equipment
Some of the key players operating in the Ship Galley Equipment market are GN-Espace, Metos Oy Ab, Miele & Cie. KG, Electrolux, WESCO Navy, MKN Maschinenfabrik Kurt Neubauer GmbH & Co. KG, Goltens Worldwide Management Corp, Hobart UK, and Loipart AB.
Market players are keen to launch new products and are inclined to offer advanced technical equipment for maritime.
WESCO Navy, a major company has launched Oven BOB1, a baking oven with stainless steel stand. The equipment can be mounted against the wall and it has built-in switches, lamps, and thermostats.
Growing Tourism to Foster the Growth of the Global Ship Galley Equipment Market
The rapidly growing tourism industry is likely to result in high demand for sea vessels like ferries and luxury cruise ships, which are popular with the tourists. This is likely to foster the growth of the Ship Galley Equipment market. Luxury Cruise ships, ferries, cargo, and other ships require cooking equipment such as refrigerators, dishwashers, and others. The galley ship equipment is used for cooking, food processing, storage, and also used as disposable units, and plating counters, which is driving the growth of the market.