July 17, 2020

Exploring Impact on Brewery Equipment: Market Revenue Slumps Due to Supply and Logistical Challenges amid COVID-19 Pandemic - Future Market Insights

Invigorated by both non-commercial and commercial applications, the sales of brewery equipment will continue to soar, particularly home brewing equipment. Moreover, the wide spectrum of craft beer offered by key producers will complement the growth of brewery equipment market through 2030. According to FMI's analysts, the global brewery equipment market will exhibit steady growth trail post-pandemic at approximately 4.8% CAGR during the projection period (2020-2030). Further, acquisition activities between multinational breweries and craft breweries will augur well for European brewery equipment market.

"Key stakeholders must innovate their product line-ups by diverting massive pecuniary resources towards R&D undertakings," finds FMI.

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Key Takeaways of Brewery Equipment Market Study

  • Small-sized equipment sales would expand at an impressive pace owing to higher consumption during the projection period.
  • Automatic brewery equipment will witness prolific demand due to operational ease and greater emphasis on optimization by manufacturers.
  • Europe will lead the global brewery equipment market on the back of key beer producers operating in the region.
  • Macrobrewery will remain the prominent end-use industry through 2030, accounting for majority share in the overall market stack.
  • Stainless steel continues to be the preferred material of choice by leading manufacturers, followed by aluminum.

Brewery Equipment Market - Key Growth Drivers

  • Increasing number of microbreweries in economically developed regions will bolster the market growth during the forecast period.
  • Predominance of craft and artisanal beer in the market will contribute substantially to the net revenue pool through 2030.
  • Large-scale brewing companies are engaging in product portfolio expansion strategies which will stoke the growth of market.
  • Relaxed regulatory norms in Asia Pacific will support regional brewery equipment market while Latin America will offer lucrative growth prospects for manufacturers.

Brewery Equipment Market - Key Restraints

  • The global brewery equipment market is highly competitive in nature. Hence gaining notable revenue share will prove to be challenging for emerging players.
  • Sizeable demand for refurbished brewery equipment will impede market growth over the forecast period.

Anticipated Impact of COVID-19 on Brewery Equipment Market

Lockdowns and stay-at-home orders have altered typical alcohol consumption patterns of consumers, thereby impacting the production of brewery equipment. Moreover, companies are working with reduced workforce which has affected their overall capacity. The lockdown measures imposed by governments have led to logistic challenges as well. Pubs and restaurants are shuttered in response to social distancing protocols. Production, distribution, and consumption of brewery equipment have been hampered due to the ongoing pandemic. While the first quarter of 2020 led to significant losses for leading manufacturers, the market is projected to pick pace through the latter half of 2020.

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Competitive Landscape of Brewery Equipment Market

Some of the noteworthy players in the global brewery equipment market that are featured in this FMI report include, but are not limited to, Blichmann Engineering, LLC, Craft Kettle Brewing, Quality Tank Solutions, Caspary GmbH, Prospero Equipment Corporation, GEA Group AG, Ziemann Holvrieka GmbH, Brewbilt Manufacturing LLC, Deutsche Beverage Technology, Meto Brewery Equipment, Inc. JV Northwest, Inc., Krones AG, Criveller Group, Ximo Beer Brewing Equipment, Smart Machine Technologies, Inc. The aforementioned players are invested in creating and launching environmentally friendly, cost effective, and energy efficient products for gaining indubitable competitive advantage in the brewery equipment market.

More about the Report

This Future Market Insights study of 250 pages provides all-inclusive insights on the global brewery equipment market. The market analysis is based on product type (fermentation equipment, brew house equipment, carbonation, control & monitoring, filling & packaging, mashing equipment, milling equipment, filtration system, and fittings & valves system), material type (brass, copper, aluminum, stainless steel, and mild steel), mode of operation (automatic, manual, and semi automatic), and application (macro brewery, micro brewery, brewpub, farm brewery, and regional breweries) across six regions (North America, Latin America, Europe, Asia, Oceania, and Middle East & Africa).

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