The global brewery equipment market value is expected to surge at a rate of 5.2% in the forecast period to surpass USD 30.7 billion in revenue in 2032. Demand for brewery equipment is bolstering because of the rise in the number of micro-breweries specializing in craft beer and people taking up brewing as a hobby.
The global demand for brewery equipment is steered by increased beer consumption, increased investment by the brewery processing sector, increased plant capacity, and expansion of the product line by major brewery companies.
Increasing proclivity towards microbrewery or craft breweries owing to its unique taste among individuals and beer enthusiasts are proliferating high demand for brewery equipment which is a factor bound to support the growth of the global market.
Huge capital investments, maintenance and repair charges, and growing energy costs are likely to restrain the progress of the brewery equipment industry over the assessment period. Also, refurbishing old pieces of equipment by breweries is a major constraint to the industry.
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Key Takeaways from the Market Report
- The brewery equipment market as analyzed by Future Market Insights exhibits that global sales of brewery equipment had a YOY growth of 4.8% in 2021 to total sales of USD 18.5 billion.
- The growing popularity of beer crops around the world is expected to propel the demand for brewery equipment over the forecast period.
- Rising consumption and hype around artisanal craft beer is a crucial driver for the global brewery equipment market growth.
- Fermentation equipment accounts for 60% of the sales in the brewing equipment market. Also, the fermentation equipment is going to record the highest CAGR of 6.1% among the market segments.
- The massive rise in microbreweries and brewpubs in the developed as well as developing economies is likely to drive market growth.
- Government in countries like Canada, Mexico, Australia, New Zealand, and the UK are promoting craft beer production and helping firms in incorporating new breweries for a positive contribution towards employment and overall economic development.
- Compressors are to remain in high demand as they form an indispensable part of the brewing process, also, due to increased usage, their performance decreases, leading to an increase in replacement.
- Europe constituted 45% of the global brewery equipment market. Europe is projected to hold the largest market share during the forecast period.
Competitive Outlook
Key players in this market include Alfa Laval (Sweden), Deutsche Beverage Technology (Germany), GEA Group (Germany), Della Toffola (Italy), Criveller Group (US), Krones Group (Germany), Paul Mueller (US), Meura SA (Belgium), Kaspar Schulz (Germany), Praj Industries (India), Hypro Group (India), Ningbo Lehui International Engineering Equipment Co. (China), and Shanghai Hengcheng Beverage Equipment Co. (China) among others.
Stiff competition from global production companies like those mentioned above providing cost-effective brewery equipment is a challenge for players operating in the local equipment markets. Increasing acquisition activities between regional craft breweries and large multinational breweries are taking place. For example, GEA Group, a German brewery equipment manufacturing company acquired Vipoll, a Slovenian company, which specializes in producing beverage filling equipment and explores innovative brewing technologies.
Various manufacturers are now approaching to provide new and dynamic flavors and tastes in quality beverages, this development of variants is a key factor driving the brewery equipment market. Several large beer companies like Anheuser-Busch InBev (Belgium), SABMiller (Belgium), Heineken N.V. (Dutch), and A / S Carlsberg (Denmark) concentrate on providing enhanced beer quality. As a result, they are continuously looking for upgrading their production efficiency through the implementation of advanced technologies.
“Strategic approaches like mergers, acquisitions, accurate product positioning, technological advancement, and long-term partnerships with brewing firms must be adopted by brewing equipment manufacturers to emerge in a pole position in the brewery equipment market,” says a Future Market Insights Analyst.
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Key Segments
By Product Type:
- Fermentation equipment
- Brew house equipment
- Carbonation
- Control & Monitoring
- Filling & Packaging
- Mashing equipment
- Milling equipment
- Filtration system
- Fittings & Valves system
Material Type:
- Brass
- Copper
- Aluminium
- Stainless steel
- Mild steel
Mode of Operation:
- Automatic
- Manual
- Semi-automatic
Application:
- Macro brewery
- Micro brewery
- Brewpub
- Farm brewery
- Regional breweries
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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