The global brewery equipment market size is expected to reach US$ 28.9 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.8% CAGR between 2020 and 2030. According to the report, advent of home brewing equipment for commercial and non-commercial application owing to high cost of commercially available beer should boost industry growth. Consumers all over the world are getting inclined towards home brewing kit because of its low production cost along with offering ability to produce wide range of craft beer. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market
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It includes in-depth insights into the brewery equipment market. Some of these are:
- The estimated value of the market was at US$ 18 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- In North America, rise in consumption of beer and increase in beer processing have propelled the usage of brewery equipment.
- In Europe, continuous demand for beer is leading to the expansion of breweries by brewers, thus driving demand for brewery equipment.
- In Asia Pacific, governments of different states are relaxing the rules for setting up breweries, which is likely to help drive the market during the forecast period.
- South America is also estimated to be an attractive region of the market in the near future.
“Shifting taste of the customers from traditional beer to craft beer has further boosted the demand for brewery equipment. The rise in the product demand from third world countries as well as countries in South America along with a massive focus on automation & optimization of the beer making process will steer the market size,” said a lead analyst at FMI.
Consumption Pattern May Change Due to COVID-19 Outbreak will Impact Growth
With interest rates dropping to record lows due to coronavirus outbreak, borrowing costs would be small, but the performance of government attempts to invest heavily on infrastructure will be partly dependent on their current financial status. Growing population and increasing economic expectations have led to increased spending on foodservices. The pattern of consumption across nations, however, has changed in a short time since coronavirus ravaged the globe. Therefore their food preferences include a host of balanced, plant-based snacks. It would have an invariable effect on business growth forecasts.
Who is Winning?
Major players operating in the global brewery equipment market include GEA Group AG, Deutsche Beverage Technology, Krones AG, Lehui Craft, Della Toffola Spa., Prospero Equipment Corporation, Brewbilt Manufacturing LLC, JV Northwest, Inc., Ximo Beer Brewing Equipment, Meura, Meto Brewery Equipment, Inc., ZiemannHolvrieka GmbH, Smart Machine Technologies, Inc, Caspary GmbH, Quality Tank Solutions, Craft Kettle Brewing Equipment, Blichmann Engineering, LLC, and Criveller Group.
In order to gain competitive edge over other manufacturers, these players focus on investing in R&D to innovate and produce wide range of products which are energy efficient and environment friendly.
Get Valuable Insights into Brewery Equipment Market
Future Market Insights, in its new report, presents an unbiased analysis of the global brewery equipment market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. The global brewery equipment market can be segmented based on product, material type, size, end-user, distribution channel, and region. Based on product, the market can be categorized into fermentation equipment, brewhouse equipment, carbonation, control & monitoring equipment, filling and packaging equipment, mashing equipment, filtration system, milling equipment, fittings & valves system, and others. In terms of material type, the global brewery equipment market can be categorized into brass, copper, aluminium, stainless steel, and mild steel. Based on size, the market is divided into small size, mid-size, and large size. Based on end-user, it is categorized into macro brewery, micro brewery, brewpub, farm brewery, and regional breweries. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
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BREWERY EQUIPMENT MARKET TAXONOMY
The global Brewery Equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Fermentation equipment
- Brew house equipment
- Control & Monitoring
- Filling & Packaging
- Mashing equipment
- Milling equipment
- Filtration system
- Fittings & Valves system
- Stainless steel
- Mild steel
Mode of Operation
- Semi automatic
- Macro brewery
- Micro brewery
- Farm brewery
- Regional breweries