PUBLISHER: The Business Research Company | PRODUCT CODE: 1425302
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425302
Brewery Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on brewery equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for brewery equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The brewery equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Brewery equipment comprises the tools, vessels, and equipment utilized in the brewing process for beer production. This encompasses systems for milling, fermentation, storage, packaging, and refrigeration.
The key brewery equipment includes fermentation units, brewhouse units, filtration systems, maturation units, and various other products. Fermentation units are vessels or equipment designed for conducting the fermentation process in brewing, providing a controlled environment that allows microorganisms to metabolize and reproduce while preventing contamination. Brewery equipment is typically constructed from materials such as brass, copper, and aluminum, and can be automatic, manual, or semi-automatic. These are employed in microbreweries, brewpubs, farm breweries, regional breweries, and other applications for both commercial and industrial purposes.
The brewery equipment market research report is one of a series of new reports from The Business Research Company that provides brewery equipment market statistics, including brewery equipment industry global market size, regional shares, competitors with a brewery equipment market share, detailed brewery equipment market segments, market trends and opportunities, and any further data you may need to thrive in the brewery equipment industry. This brewery equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 the boom in craft breweries, a rise in beer consumption, adherence to stringent quality standards, globalization of brewery businesses, and an increasing focus on 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 the rise of beer tourism, increasing demand in emerging markets, a focus on customization and flexibility, health and wellness trends, and a push for supply chain resilience. Major trends in the forecast period include technological advancements, sustainability concerns, emphasis on customization and flexibility, a focus on quality and consistency, and collaborations for product innovation.
The brewery equipment market is anticipated to experience growth driven by the increasing consumption of beer and other alcoholic beverages. Brewery equipment plays a crucial role in various brewing processes such as milling, fermentation, storing, packaging, and refrigeration. Notably, craft brewers in the United States experienced an 8% increase in sales, contributing to a 13.1% volume share of the beer market in 2021, according to the Brewers Association. Similarly, the Australian Bureau of Statistics reported that in 2020-21, 25.8% of Australians aged 18 and older consumed more alcohol than the Australian Adult Alcohol Guideline. This rise in alcohol consumption is a key factor propelling the growth of the brewery equipment market.
The brewery equipment market is expected to benefit from the increase in urbanization. Urbanization involves the growth and expansion of cities, often accompanied by population migration from rural to urban areas. This urbanization trend has led to a higher demand for efficient and flexible brewery equipment to meet the rising consumer demand for beer and other alcoholic beverages. With more than half the world's population living in urban settings, as reported by the World Economic Forum, the brewery equipment market is poised to grow as urbanization continues.
Technological advancement is a key driver in the brewery equipment market, with major companies focusing on research and development for product innovations. Siemens AG, for example, introduced the BRAUMAT V8 process control system, offering efficient and flexible mixing process automation in the brewing and beverage industries. This system incorporates features such as continuous checks on recipes and quantities, reducing overdoses of ingredients and enhancing security during production sequences. The adoption of such advanced technologies is expected to contribute to the growth and competitiveness of the brewery equipment market.
Major companies in the brewery equipment market are increasingly focusing on introducing dry-hopping systems to gain a competitive edge. Dry hopping involves adding hops to beer after initial boiling and fermentation to enhance aroma and flavor without contributing significant bitterness. Brewtique and Hop Products Australia launched Hoptimiser, a dry hopping system designed to optimize flavor while reducing undesirable characteristics in beer. This innovation has shown promising results in increasing aroma terpenoids at a faster rate and reducing residency time due to improved flocculation. The incorporation of such systems is likely to drive growth in the brewery equipment market.
In January 2021, Alfa Laval AB, a Sweden-based company specializing in heat transfer, separation, and fluid handling equipment, acquired Sandymount Technologies. This strategic acquisition aimed to strengthen Alfa Laval's product portfolio in brewery equipment, positioning the company for increased competitiveness in the market. Sandymount Technologies, a US-based process technology company, brought valuable expertise to Alfa Laval in the brewing equipment sector.
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
Europe was the largest region in the brewery equipment market in 2023. The regions covered in the brewery equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the brewery equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The brewery equipment market consists of sales of malt processing equipment, work brew equipment, beer final conditioning equipment, support brewery devices, yeast processing units, brewery equipment accessories, water management systems, and primary & secondary fermentation tanks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.