The global brewery equipment market is estimated to be valued at USD 16.8 billion in 2018 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025.
The demand for brewery equipment is significantly increasing due to factors such as the increasing number of microbreweries and brew pubs and product innovations in the brewery equipment market. High capital, maintenance costs, and rising power and energy costs are projected to inhibit the growth of the brewery equipment market. The European region is projected to account for the largest market share due to the large beer industry in the region and the presence of leading beer manufacturers. In addition, the increasing presence of craft breweries is projected to drive the North American brewery equipment market.
By macrobrewery equipment type, the fermentation equipment segment is projected to account for the largest share in the macrobrewery equipment market. During the fermentation process, the wort is kept in the tanks for few weeks and acid is released as a byproduct, due to which, there are increasing chances of tank deterioration. In addition, since the tanks are occupied for a longer duration during the process, the requirement for more tanks by macrobreweries to increase production remains high. Due to these factors, the fermentation equipment segment is projected to account for a larger market share in the macrobrewery equipment market.
By brewery type, the macrobrewery segment accounted for the largest market size in the brewery equipment market during the forecast period. As the beer market around the globe is dominated by the macrobreweries segment, the growth of the brewery equipment market for macrobreweries remains high. Macrobreweries require high capacity equipment to carry on large-scale beer production.
Key players in the brewery equipment market include Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Meura SA (Belgium), Della Toffola (Italy), Criveller Group (US), Kaspar Schulz (Germany), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Hypro Group (India), and Shanghai Hengcheng Beverage Equipment Co., Ltd. (China).