Global Microbrewery Equipment Market 2017-2021
About Microbrewery Equipment
Microbrewery equipment refers to the set of equipment used to produce craft beer. Some of the major categories of microbrewery equipment are mashing systems, cooling systems, fermentation systems, controlling systems, and cleaning systems. The average lifespan of microbrewery equipment is four years. Most of the vendors offer the equipment along with warranty and good after-sales services to gain customers' trust and increase their credibility.
Technavio’s analysts forecast the global microbrewery equipment market to grow at a CAGR of 17.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global microbrewery equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the various type of equipment such as fermentation systems, mashing systems, cooling systems, filtering systems, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microbrewery Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global microbrewery equipment market: American Beer Equipment, BrauKon, Portland Kettle Works, and Specific Mechanical Systems.
Other Prominent Vendors in the market are: John M. Ellsworth, JV Northwest, Malt Handling, McKenna Boiler Works, Meura, Pro Engineering & Manufacturing, Pro Refrigeration, PTG Water & Energy, Quality by Vision, Rite Boilers, Root Shoot Malting, SysTech Stainless Works, Union Jack Brewing, and Ziemann USA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is large brewers expanding to the craft beer market. The increasing entry of large brewers is a major trend in the craft beer market. Many large beer companies are entering the markets in developing countries because of its growing popularity and the increasing consumption of craft beer. Large companies are building their craft beer brands or buying craft beer brands to gain a share of the marketing and distribution network of small brewers.”
According to the report, one of the major drivers for this market is growing prominence of craft beer. According to the Brewers Association, a craft brewery has an annual production of six million barrels of beer or less. Almost 25% of the craft breweries are owned or controlled by an alcoholic beverage industry member that is not a craft brewer. Craft breweries are coming up with new products to increase their presence in the market.
Further, the report states that one of the major factors hindering the growth of this market is presence of substitutes. The craft beer market and the beer market are facing intense competition from other types of alcohol beverages such as wine and spirits. This is because the demand and consumption of wine and spirits are high globally. A wide range of spirits such as whiskey, scotch, and vodka attract a large number of individuals.
American Beer Equipment, BrauKon, Portland Kettle Works, Specific Mechanical Systems, John M. Ellsworth, JV Northwest, Malt Handling, McKenna Boiler Works, Meura, Pro Engineering & Manufacturing, Pro Refrigeration, PTG Water & Energy, Quality by Vision, Rite Boilers, Root Shoot Malting, SysTech Stainless Works, Union Jack Brewing, Ziemann USA.
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