Growth Opportunities & Challenges In The Global Brewery Equipment Market

By Author: sonal
Total Articles: 77
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The global brewery equipment market size is estimated to be valued at USD 19.2 billion in 2022 and is projected to reach USD 25.6 billion by 2027, recording a CAGR of 5.9% in terms of value. Brewery equipment market is gaining traction majorly because of the expanding craft brewery industry.

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Opportunities: Beer manufacturers’ demand for after-sales service to enhance operational efficiencies

Brewery equipment necessitates extensive maintenance and services, which may be required during installation and/or after sales. Brewery equipment manufacturers can provide after-sales services such as annual maintenance contracts in addition to installation. After-sales services strengthen the bond between brewery equipment manufacturers and beer manufacturers. Operator training, preventive maintenance by knowledgeable technicians, factory acceptance testing (FAT), and timely service are the leading services that ...
... beer manufacturers require from brewery equipment manufacturers to contribute to their operational efficiencies. This would assist beer manufacturers in better understanding their machinery and improving its performance. Beer manufacturers are looking for a higher level of operator training services from brewery equipment manufacturers due to a persistent shortage of skilled labor.

Challenges: The rise in demand for Non-alcoholic and Functional Beverages

The market for non-alcoholic beverages is expanding as consumer preferences shift toward healthier beverages. People prefer low-calorie, nutritious beverages over alcoholic beverages. Functional beverages, such as fortified drinks, are increasingly popular among consumers. People prefer nutritious drinks on the go due to their hectic lifestyles. Beer consumption is being reduced by consumers seeking weight loss options. Large brands are developing functional and shaped drinks. Furthermore, as the beverage industry evolves, many manufacturers are experimenting with new combinations to attract customers. Arla (UK) introduced a carbonated dairy beverage in 2018, which is anticipated to boost the company's revenue from milk-based drinks by 300% by 2020. after the Middle Eastern nations' craze for carbonated dairy beverages. For the anticipated period, such innovations in the European region are anticipated to present a challenge to the equipment manufacturer.

The key players in this market include Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), Krones AG (Germany), Paul Mueller Company (US), Praj Industries (India), Meura (Belgium), Della Toffola SpA (Italy), Criveller Group (US), KASPAR SCHULZ Brauereimaschinenfabrik & Apparatebauanstalt GmbH (Germany), LEHUI (China), Hypro (India), HG Machinery (China), Interpump Group S.p.A (INOXPA) (Spain), and ABE Equipment (US).