Northbrook, IL 60062 -- (SBWIRE) -- 09/05/2023 -- In 2022, the global brewery equipment market reached an estimated value of USD 19.2 billion, with a projected growth to USD 25.6 billion by 2027, demonstrating a robust CAGR of 5.9% in terms of value. This substantial growth can be attributed to the burgeoning craft brewery industry, which continues to gain momentum.

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Opportunities: Enhancing Operational Efficiencies through After-Sales Service

Brewery equipment plays a pivotal role in the production process but demands extensive maintenance and service, both during installation and post-purchase. Brewery equipment manufacturers are capitalizing on this by offering after-sales services, including annual maintenance contracts and installation support. These services foster stronger partnerships between equipment manufacturers and beer producers. Notable services sought by beer manufacturers include operator training, preventive maintenance conducted by knowledgeable technicians, factory acceptance testing (FAT), and prompt servicing. The demand for comprehensive operator training services is particularly prominent due to the ongoing shortage of skilled labor in the industry.

Challenges: The Surge in Demand for Non-Alcoholic and Functional Beverages

The brewery equipment market faces challenges stemming from the increasing preference among consumers for non-alcoholic and functional beverages. Consumers are gravitating toward healthier, low-calorie drink options, and functional beverages with added nutritional value. The fast-paced lifestyles of modern consumers have also driven the demand for convenient, nutritious beverages. As a result, there is a reduction in beer consumption among those seeking weight loss alternatives. Many renowned brands are responding to this shift by introducing innovative non-alcoholic and functional drinks, further intensifying competition. For example, Arla (UK) introduced a carbonated dairy beverage in 2018, with expectations of a 300% revenue boost in milk-based drinks by 2020, reflecting the evolving beverage landscape. Such innovations in the European market are poised to present a formidable challenge for equipment manufacturers throughout the anticipated period.

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Key Players in the Brewery Equipment Market

Prominent players in the brewery equipment market include Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), Krones AG (Germany), Paul Mueller Company (US), Praj Industries (India), Meura (Belgium), Della Toffola SpA (Italy), Criveller Group (US), KASPAR SCHULZ Brauereimaschinenfabrik & Apparatebauanstalt GmbH (Germany), LEHUI (China), Hypro (India), HG Machinery (China), Interpump Group S.p.A (INOXPA) (Spain), and ABE Equipment (US). These companies play a crucial role in driving innovation and competitiveness within the brewery equipment sector.

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