Press release
Brewery Equipment Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Alfa Laval AB, Della Toffola S.p.A, Krones AG, Paul Mueller Company, GEA Brewery Systems GmbH
Brewery Equipment Market Characteristics
The Business Research Company offers in-depth market insights through Brewery Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The brewery equipment market size has grown strongly in recent years. It will grow from $19.23 billion in 2023 to $20.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to craft brewery boom, increasing beer consumption, stringent quality standards, globalization of brewery businesses, environmental sustainability..
The brewery equipment market size is expected to see strong growth in the next few years. It will grow to $27.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing beer tourism, increasing demand in emerging markets, customization and flexibility, health and wellness trends, supply chain resilience.. Major trends in the forecast period include technological advancements, sustainability concerns, customization and flexibility, quality and consistency, collaborations for product innovation. .
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Market Segmentation:
The brewery equipment market covered in this report is segmented -
1) By Product Type: Fermentation Unit, BrewHouse Unit, Filtration System, Maturation Unit, Other Products
2) By Material Type: Brass, Copper, Aluminium
3) By Mode Of Operation: Automatic, Manual, Semi-Automatic
4) By Application: Macro Brewery, Micro Brewery, Brewpub, Farm Brewery, Regional Breweries, Other Applications
5) By End-Use Industry: Commercial, Industrial
Major Driver - Rising Alcohol Consumption Fuels Growth In Brewery Equipment Market
The increasing consumption of beer and other alcoholic beverages is expected to propel the brewery equipment market. The brewery equipment is commonly used in the brewing processes of beer and other alcoholic beverages, which include milling, fermentation, storing, packaging, and refrigeration. These processes are essential to the production of beer and alcoholic beverages. For instance, according to the Brewers Association, a US-based trade association of brewers, in 2021, sales of beer in the United States as a whole increased by 1%, but sales of beer by craft brewers increased by 8%, increasing their volume share of the beer market to 13.1%. Furthermore, according to the Australian Bureau of Statistics, an Australia-based independent statutory agency of the Australian government for statistical collection and analysis, in 2020-21, 25.8% of Australians who were 18 years of age or older consumed more alcohol than the Australian Adult Alcohol Guideline. Therefore, the increasing consumption of beer and other alcoholic beverages is driving the growth of the brewery equipment market.
Competitive Landscape:
Major companies operating in the brewery equipment market report are Alfa Laval AB, Della Toffola S.p.A, Krones AG, Paul Mueller Company, GEA Brewery Systems GmbH, Meura Maschinen- und Apparatebau GmbH, Ningbo Lehui International Engineering Equipment Co. Ltd., Criveller Group, Hypro Group, KASPAR SCHULZ Brauereimaschinenfabrik & Apparatebauanstalt GmbH, Shanghai Hengcheng Beverage Equipment Co. Ltd., Praj Industries Limited, XIMO Brewing Systems, MiniBrew, Portland Kettle Works, Specific Mechanical Systems Ltd., HG Machinery Co. Ltd., Interpump Group S.p.A, ABE Equipment Inc., Brewbilt Manufacturing Inc., Schulz Brewery Equipment, Shandong Zunhuang Brewing Equipment Co. Ltd., Caspary GmbH and Co.KG, Brew-Tek Australia, Tiantai Brewtech, Micet Group, Brewmation Incorporated, JVNW Inc., Ss Brewtech, Blichmann Engineering
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Top Trend - Brewery Equipment Market Embraces Automation And Security Enhancements
Technological advancement is a key in the brewery equipment market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in February 2022, Siemens AG, a Germany-based industrial equipment manufacturing company, introduced BRAUMAT V8, an innovative process control system with storage location management and dosage management capabilities to leverage efficient and flexible mixing process automation in the brewing and beverage industries. The BRAUMAT V8.0 process control system provides continuous checks on recipes and quantities for the individual production processes, which reduces the overdoses of malt, hops, and diatomaceous earth. It also provides password-protected controllers, encrypted communication, user management, and company ID registration via an RFID card reader, which enhances security during the production sequences.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brewery Equipment Market Characteristics
3. Brewery Equipment Market Trends And Strategies
4. Brewery Equipment Market - Macro Economic Scenario
5. Brewery Equipment Market Size And Growth
…..
27. Brewery Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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