The worldwide brewery equipment market is estimated to account for US$ 28.9 Billion towards the end of 2030. The market is estimated at US$ 18 Billion in 2020. If these statistics hold, the market would reflect a 4.8% CAGR during 2020-2030. The increasing numbers of microbreweries in addition to the brewpubs have pushed the market for brewery equipment noteworthy. The different aspects which fuel the worldwide market for brewery equipment are expanding customer preferences for specialty and premium beer in contrast to other alcoholic beverages or conventional beer. The introduction of home brewing equipment for non-commercial and commercial applications as a result of the higher price of commercially accessible beer must boost industry development. Customers worldwide are getting disposed towards home brewing kits due to its lower manufacturing cost together with providing aptitude to manufacture an extensive range of craft beer.
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Key Takeaways from Market Research
- In North America, an increase in the utilization of beer in addition to a rise in beer processing has boosted the use of brewery equipment.
- In Europe, the incessant requirement for beer is directing towards the growth of breweries by brewers, therefore fueling the need for brewery equipment.
- In the APAC region, governments of several states are loosening up the rules for establishing breweries that are projected to assist drive the market amid the projected period.
- South America is additionally projected to be a lucrative region of the market in the approaching years.
“Changing the taste of the consumers from traditional beer to craft beer has moreover boosted the requirement for brewery equipment. The increment in the product needs from third world nations in addition to countries in South America together with a huge concentration on automation and optimization of the beer making procedure would steer the market size,” said a lead analyst at FMI.
Coronavirus Impact Analysis on Market
Trailing the COVID-19 outbreak several precautionary actions are undertaken all over the globe to support social distancing. The present landscape has substantially influenced the total consumption trend of shoppers. Customers are at present are more likely to remain indoors. Additionally, manufacturing all over these companies is impeded by lockdowns forced by several governments. With the majority of governments prioritizing cash handouts, particularly to the economically weaker fragment, their aptitude to invest in the infrastructure category is projected to be controlled, especially in high-debt nations.
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Foremost participants functioning in the worldwide brewery equipment market incorporate Deutsche Beverage Technology, GEA Group AG, Krones AG, Della Toffola Spa., Lehui Craft, Prospero Equipment Corporation, JV Northwest, Inc., Brewbilt Manufacturing LLC, Ximo Beer Brewing Equipment, Meto Brewery Equipment, Inc., Meura, Ziemann Holvrieka GmbH, Caspary GmbH, Smart Machine Technologies, Inc, Quality Tank Solutions, Blichmann Engineering, LLC, Craft Kettle Brewing Equipment, along with Criveller Group.
A huge number of macro brewing equipment makers are concentrating on offering products that bring about enhanced quality of beer and enhance the competence of production by incorporating advanced technologies. LEHUI by now provided fermentation tanks produced utilizing superior space technology. The need for equipment with such advanced technologies would grow in the approaching years, augmenting the market development prospects of the macro brewery equipment.
COVID-19 Impact Assessment Tracker
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