Microbrewery Equipment Industry Key Drivers and Restraints, Regional Outlook, End-User Applicants
The global microbrewery equipment market is likely to touch USD 4 billion at a 9% CAGR between 2019- 2025, according to the recent Market Research Future (MRFR) report. The brewery equipment, simply put, is a set of monitoring systems and tools used in the processing or brewing of beer.
Various factors are adding to the global microbrewery equipment industry growth. Such factors, according to the new MRFR report, include product innovations, rising preference of consumers for artisanal & craft beer, growing number of brew pubs & microbreweries, and entry of big brewers in the microbrewery market.
On the contrary, high-energy costs and large-scale capital requirements are factors that may limit the microbrewery equipment market growth.
Covid-19 Analysis /Covid-19 Impact on the Microbrewery Equipment Market
Stay-at-home and lockdown orders have transformed consumers’ typical patterns of alcohol consumption, which has created an impact on the brewery equipment production. Companies moreover, are operating with a reduce workforce that has impacted their overall capacity. Various lockdown measures that have been imposed by the government also resulted in logistic challenges.
Restaurants and pubs are shuttered due to the social distancing protocol. Consumption, distribution, and production of brewery equipment automatically have been hampered for the ongoing pandemic. The daily traffic of restaurants across the world dropped precipitously. Closures of restaurants resulted in aripple effect amid related industries like beer, wine, and liquor production and food production. Of late following the relaxation declared by the government to open liquor shops has spell some good news for the microbrewery equipment market, resuming production with distribution reopening all over the country. Opening retail will help in preventing the tainted liquor flow, loss, and bootlegging of the state government revenue.
Leading players profiled in the global microbrewery equipment market report include GEA Group Aktiengesellschaft (Germany), ALFA LAVAL (Sweden), Shanghai HengCheng Beverage Equipment Co., Ltd (China), Della Toffola SpA (Italy), MEURA (Belgium), Paul Mueller Company (US), BrauKon GmbH (Germany), LEHUI (China), Krones AG (Germany), and ICC Northwest, Inc. (US).
The MRFR report offers an inclusive segmental analysis of the microbrewery equipment market report based on the mode of operation and type.
By mode of operation, the microbrewery equipment market is segmented into manual and semi-automatic & automatic. Of these, the...
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