During the forecast period, it is anticipated that the market for pub cellar equipment will grow at a CAGR of 3.8%. Forecasts indicate that the market will likely increase in value from US$ 1,467.2 Mn in 2023 to US$ 2,130.4 Mn in 2032.
Due to its use in the brewing process, which enables the controlled fermentation of beer, pub cellar equipment is in greater demand. Because more breweries want to have control over their own fermentation process during the anticipated period, the market for pub cellar equipment is expanding. The market trends have grown in recent years due to a changing lifestyle, a rising demand for premium beer, and rising disposable income.
Based on application, the residential sector dominates the pub cellar equipment market during the forecast period. This is because people are increasingly interested in having their own private cellars for storing their beer and wine collection.
Based on geography, the US captures the highest numbers share of the market due to the presence of key manufacturers, well-established infrastructure, and growing demand for craft beer. Moreover, a large number of microbreweries, rising production, and increasing consumption of beer are propelling the market size. On the other hand, the UK has a rich history of brewing beer. The nation is growing its market size due to increasingly large numbers of key vendors.
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“The key market players are improving automation machinery and contributing key roles in operational efficiencies are growing the market opportunities in the market. The high quality and hygiene equipment, automation process, Internet of Things, sensors and among others are increasing the pub cellar equipment market trends” opines a seasoned FMI analyst.
Key Takeaways from the Pub Cellar Equipment Market
- The historicpub cellar equipment market captured a valuation of 1,189.8 million.
- Thepub cellar equipment market’s historic CAGR stood at 4.4% from 2018 to 2021.
- The global pub cellar equipment marketis likely to occupy a CAGR of 8% during the forecast period. The market is likely to secure a valuation of US$ 1467.2 Million by 2032.
Competition Landscape in the Pub Cellar Equipment
The pub cellar equipment market is highly competitive with a large number of players. The key players in the market are AB InBev, Heineken, Molson Coors, Carlsberg and Diageo. The major players in the market are engaged in intense competition to gain market share. The pub cellar equipment market is fragmented with a large number of small and medium sized manufacturers. The prices of pub cellar equipment vary widely depending on the type and quality of the product. The demand for pub cellar equipment is growing due to the increasing popularity of pubs and bars.
Some of the key players in the market are Asahi Group Holdings, Heineken N.V., Anheuser-Busch InBev, Carlsberg Group, Molson Coors Brewing Company are expected to be the top players driving the market growth.
- In Aug 2022, Alfa Laval acquired Sweden-based company Scanjet which is a leading company for cleaning tank equipment and provides services to several end-use companies such as pharmaceuticals, transportation, beverages, and energy among others. The acquisition was made to promote cargo tanks among their consumers in the coming period.
- In Jan 2022, Alfa Laval collabs with BenLink to expand its services to the end-use industries such as the energy and food sectors. These collaborations help the company to provide service technicians as they can maintain the allover technical works to increase the sales.
- In Feb 2021, Alfa Laval launched its new products for cleaning and maintaining hygiene purposes known as Foodec Hygiene Plus. However, adding CIP bar technology makes them easy to maintain hygiene.
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Segmentation by Category in Market for Pub Cellar Equipment
By Type:
- Kegs
- Taps
- wine coolers
By Product Type:
- Wine
- Beer
- Champagne
By Application:
- Commercial
- Residential
- Industrial
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Asia pacific
- Europe
- MEA
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