MarketResearchReports.Biz presents this most up-to-date research on “ Global Microbrewery Equipment Market 2017-2021 "
The report, titled “Global Microbrewery Equipment Market 2017-2021” provides statistics pertaining to the microbrewery equipment market at both regional and global levels.
With the influx of large brewers in the craft beer market, the global microbrewery equipment market is expected to rake in a healthy share of the pie. The latest trends indicate a sharp rise in the demand for craft beer. As a result, new and existing brewers are developing new products to expand their customer base. The increasing emphasis on product innovations is likely to provide significant momentum to the market in the near future. However, the presence of substitutes is hampering the growth of the market. Owing to all these factors, the global market for microbrewery equipment is estimated to rise at a CAGR greater than 17% from 2017 to 2021.
On the basis of equipment, the global microbrewery equipment market is divided into cooling system, mashing system, cleaning system, fermentation system, filtering system, controlling system, and serving tank. Fermentation system will continue to dominate the market until 2021, primarily due to the increasing demand for craft beer. This type of equipment is used to process the raw materials of craft beer. Based on craft beer type, the market is classified into Indian pale ale (IPA), amber ale, pale ale, wheat, seasonal, lager, fruit beer, and bocks. IPA will continue to command the lion’s share until the end of forecast period.
The report has segmented the global microbrewery equipment market on the basis of geography into the Americas, Asia Pacific, and Europe, Middle East, and Africa. The Americas will be the leading region throughout the same period. The growth of the region can be attributed to the increasing production and consumption of craft beer, particularly in the U.S. The growing exports of craft beer to European countries such as Sweden and the U.K. is boosting the revenue generation of the market in the region. Furthermore, rapid urbanization, growing youth population, and rising disposable incomes are working in favor of the growth of the region.
Several key players in the global market for microbrewery equipment are strongly focusing towards product differentiation and portfolio diversification to consolidate their presence in this highly fragmented arena. Regional players are giving stiff competition to large, international players in terms of pricing and after-sales services. The majority of players are incorporating advanced technologies with their offerings to stay relevant in the market.
The leading players in the global market for microbrewery equipment are American Beer Equipment, BrauKon, Specific Mechanical Systems, and Portland Kettle Works. Other prominent participants are Ziemann USA, Union Jack Brewing, SysTech Stainless Works, Root Shoot Malting, Meura, Malt Handling, John M. Ellsworth, Rite Boilers, PTG Water & Energy, Pro Refrigeration, Pro Engineering & Manufacturing, McKenna Boiler Works, and JV Northwest.