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Brewing Equipment Market Research Report 2019-2029: Latest Business Trends, Emerging Economies are Key Opportunity Areas for Market Key Vendors

10-28-2021 09:25 AM CET | Industry, Real Estate & Construction

Press release from: StraitsResearch

Brewing Equipment Market

Brewing Equipment Market

Brewing Equipment Market:

The demand for spirts has been increasing gradually, and the growth rate of alcohol consumption has, more or less, been steady over the past several years. Alcohol has held significant importance in social engagement and bonding over several eras. Beer, wine, ale, lager, and other forms of alcohol have become popular beverages served at social gatherings. An increase in the number of alcohol consumers has seen manufacturers/brewers ramp up their production to cater to the increasing demand, especially for beer and wine. The rising consumption of alcohol is also likely to positively affect the growth of the brewing equipment market in years to come. As per the Our World in Data, the global annual average consumption of alcohol was estimated to be 6.4 liters in 2016. The number of alcohol manufacturers, especially beer brewers, has been growing rapidly, making the brewing equipment market even more competitive.

The brewing equipment market is currently in the mature stage; however, brewing equipment manufacturers are likely to invest more in upgrading their existing models and focus a significant amount of time in manufacturing automated machines. Furthermore, companies are expected to work closely with microbreweries and brewpubs. Unlike large and regional breweries, smaller breweries, though low in market share, are growing at a considerable pace. Working closely with them will give the company access to a niche but a loyal clientele. It will also aid the company in achieving higher market penetration in the regions where these breweries are located.
Several breweries have come up in the last decade, especially in developing economies, to serve the emerging urban middle class that has developed a lifestyle where alcoholic beverages play an integral role. The emergence of breweries has, in turn, accelerated the demand for high-quality brewing equipment at a reasonable price. The presence of a variety of beverages and beverage manufacturers makes the brewing equipment market one of the most lucrative markets to invest in.

The expanding millennial population is driving considerable growth in the demand for beer, wine, whiskey, and other alcoholic beverages. To further fuel consumption and capture larger shares of the pie, alcoholic beverage manufacturers are bringing considerable changes to packaging, providing attractive labeling and re-branding their products. For instance, to cater to the changing consumer dynamics of being eco-friendly and woo consumers who prefer drinking better, but less, wine producers have started packaging their wine in cans. This has managed to bring in new consumers of wine.

Brewing equipment manufacturers are thus looking to integrate internet-of-things (IoT) and artificial intelligence (AI) in their products, which will enable brewers to program automatic mashing and even set up precise temperatures at every step during the course of the entire brewing operation. There are even machines that enable remote operators to set up the specific degree to which they want their grain to be mashed. Technological applications such as these reduce the tediousness involved in brewing without replacing the art of brewing altogether. Thus, they are expected to provide a fillip to the growth of the brewing equipment market in years to come.

Large-scale breweries and regional breweries are anticipated to hold the highest market shares due to the sheer volume of the beverages they produce, which ranks them as the largest buyers in the brewing equipment market. However, microbreweries and brewpubs are likely to have significantly higher growth rates compared to the other segments. Millennials are inclined toward craft beers and small and local brands owing to the quality of beer they get. Furthermore, competitive pricing, attractive seating inside the brewery, and targeted marketing through influencers are some of the key driving factors behind the success of microbreweries.

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The Major Prominent Players Covered in this Report:
Alfa Laval AB, Smart Machine Technologies, Inc., GEA Group Aktiengesellschaft, Krones Group, GW Kent, Krones AG, Paul Mueller Company, Praj Industries, Meura, Della Tofolla SpA, Criveller Group, Kaspar Schulz Brauereimaschinenfabrik & Apparatebauanstalt GmbH, Ningbo Lehui International, Shanghai HengCheng Beverage Equipment Co., Ltd, and Hypro Engineers Pvt. Ltd.

By Operation Mode, Automatic, Semi-Automatic, Manual By Brewery Type, Microbrewery, Large Brewery, Brewpub, Regional Brewery By Equipment Type, Fermentation, Control & Monitoring, Dispensing & Packaging, Filtration, Cooling, Malting, Others

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/brewing-equipment-market/toc

Key Brewing Equipment Market Trends:
- The report identifies, determines, and forecasts the Global Brewing Equipment Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Brewing Equipment Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Brewing Equipment Market.

Key Questions Answered in The Report:
What will the Brewing Equipment market growth rate?
What are the key factors driving the global Brewing Equipment market?
Who are the key manufacturers in the Brewing Equipment market space?
What are the market opportunities, market risk, and market overview of the Brewing Equipment market?
What are sales, revenue, and price analysis of top manufacturers of the Brewing Equipment market?
Who are the distributors, traders, and dealers of the Brewing Equipment market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Brewing Equipment Industry?
What are sales, revenue, and price analysis by regions of Brewing Equipment industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Browse Full Report @ https://straitsresearch.com/report/brewing-equipment-market/

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For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enables us to determine greater insights by eliminating the research costs.

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