Global Microbrewery Equipment Market 2017-2021
Overview of the global microbrewery equipment market
The global microbrewery equipment market is anticipated to grow rapidly and will post a CAGR of more than 17% during the forecast period. The increasing number of product innovations will drive the growth prospects for the global microbrewery equipment market in the coming years. As it has been observed that the demand for craft beer is growing, new brewers and existing small and large brewers are introducing new products to increase their consumer base. According to the industry research report, these craft beer brewers are increasingly adding unique ingredients such as tea leaves, chilies, and spices to create new flavors or textures for their existing beer products. Furthermore, brewers are trying to experiment with new names or labels such as Nooner Pilsner by the Sierra Nevada and Liliko'I Kepolo by Avery Brewing to gain a competitive advantage in the market.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major contributing factors responsible for the market’s growth in the region is the high acceptance of craft beer in North America, especially in the US. Also, the growing export of craft beer in countries like Sweden, the UK, and Australia is also responsible for the growing market size in the region. Moreover, the increasing urbanization, rising disposable income, and growing youth population is expected to drive the demand for craft beer in the Americas.
Competitive landscape and key vendors
The global microbrewery equipment market is highly fragmented and competitive due to the presence of a large number of regional and global vendors across the globe. These vendors compete against each other based on factors such as product differentiation, portfolio, bundled services, offers, warranty, pricing, and after-sales services. Also, some of the challenges and risks these vendors come across are intense competition among vendors and technological advancements.
Key vendors in this market are -
- American Beer Equipment
- Portland Kettle Works
- Specific Mechanical Systems
Other prominent vendors in the market include 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.
Segmentation by equipment type and analysis of the microbrewery equipment market
- Mashing system
- Cooling system
- Fermentation system
- Cleaning system
- Controlling system
- Filtering system
- Serving tank
The fermentation systems segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few year due to the rising demand for craft beer. One of the major factors responsible for the market segment’s growth is the increased adoption of equipment to process the raw materials of craft beer.
Segmentation by craft beer type and analysis of the microbrewery equipment market
- Pale ale
- Amber ale
- Fruit beer
The India pale ale (IPA) craft beer accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. IPA beer is produced in distinct flavors with various ingredients and is the highest revenue-contributing type of craft beer in the market.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global microbrewery equipment market?
- What are the key market trends impacting the growth of global microbrewery equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global microbrewery equipment market?
- What are the market opportunities and threats faced by the vendors in the global microbrewery equipment market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global microbrewery equipment market?
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