Future Prospects: Brewery Equipment Market to Grow at 5.2% CAGR...

Future Prospects: Brewery Equipment Market to Grow at 5.2% CAGR Through 2032

Posted 2024-06-19 10:07:44

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Brewery equipment market analysis by Future Market Insights shows that global sales of brewery equipment experienced a year-on-year (YOY) growth of 4.8% in 2021 to total sales of USD 18.5 Billion. The global brewery equipment market will surge at a rate of 5.2% in the forecast period to surpass USD 30.7 Billion in revenue in 2032.

Due to the growing popularity of beer crops, it is projected that there will be a global increase in demand for brewery equipment over the projection period. The global shift from traditional to craft beer has led to a boom in microbreweries and bars, which has raised demand for brewery equipment.

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Europe has seen a great shift towards low-alcohol or non-alcoholic beer due to health benefits having an impact on the brewery equipment market in the region.

Rising demand for artisanal craft beer is a crucial driver for the global brewery equipment market growth. Stiff competition from global producers and top players providing cost-effective brewery equipment is a challenge for players operating in the local markets.

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 2022. 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.

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.

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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.

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.

Product Type