SAN FRANCISCO, Nov. 3, 2020
SAN FRANCISCO, Nov. 3, 2020 /PRNewswire/ -- The global brewery equipment market size is expected to reach USD 25.88 billion by 2027, expanding at a CAGR of 5.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Growing consumption of different types of craft beer across the globe is anticipated to drive the demand for brewery equipment.
Key suggestions from the report:
Read 100 page research report with ToC on "Brewery Equipment Market Size, Share & Trends Analysis Report By Mode Of Operation (Automatic, Semi-automatic, Manual), By Type (Macrobrewery, Craft Brewery), By End-use, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/brewery-equipment-market
Increasing usage of craft breweries, including brewpubs and microbreweries, globally is projected to drive the market over the forecast period. Furthermore, constant product innovations are resulting in an increased focus of the prominent market players towards business expansion by installing new breweries, thereby augmenting the product demand.
Macro breweries require a high number of tanks as well as high capacity equipment to ensure consistency in beer production on a large scale, thereby resulting in higher equipment demand. Furthermore, rising demand for craft beer due to the growing preference among individuals for natural, tasty, and local products is likely to complement the market growth.
Various brewers are adopting considerable changes in the operations as well as brewing processes to differentiate their products based on factors, such as taste and packaging. The increased level of competitiveness in the industry is likely to result in the increased focus of market players towards the development of superior products over the forecast period.
Grand View Research has segmented the global brewery equipment market based on type, mode of operation, end-use, and region:
List of Key Players of Brewery Equipment Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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