Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Beer is a kind of liquor that is made from natural ingredients, such as hops, malted cereals, water, and yeast. The brewery equipment market is witnessing high demand attributed to the growing demand for beer, owing to health benefits such as a low calorific content and a high number of antioxidants, among others. Beer contains vitamins, minerals, and fibers, which certainly contribute to diet. The brewery equipment is a set of tools and monitoring systems used in the processing of beer. The brewing process involves various steps such as milling the grain, malting, lautering, mashing, wort separation, boiling, cooling, fermenting, conditioning, filtration, carbonation, cellaring, carbonation, and filling. Each process involves specific equipment to perform the job of brewing.
Major drivers of the North America brewery equipment market are increasing consumption of beer, product portfolio development by large-scale brewing companies, and a rise in investment by the brewery processing sector. Moreover, the increased restructuring of beer laws by this regions to meet the rising demand is projected to boost the market growth. Furthermore, increasing focus on digitization and mechanization by the beer manufacturers is helping the market to grow. Significant change in social lifestyle of the local population contributes mainly to the growth of the North American brewery equipment market. However, strict government regulation on liquor sale and tax restrains the growth of North American brewery equipment market.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the Brewery Equipment Market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The COVID-19 outbreak is having a substantial impact on the brewing equipment industry. Demand for the beer is suffering severe shocks across various end-use markets, supply chains are disturbed, and the competitive order of manufacturers has witnessed a change. Overall alcohol consumption in the USA during COVID-19 was decreased in the initial stage. The market is still recovering from that fall.
The study analyzed the global Brewery Equipment Market based on equipment type, brewery type, mode of operation, and geography
The type of equipment in the market are milling, brewhouse, cooling, fermentation, filtration, filling, and other types of equipment. The fermentation equipment segment is anticipated to be the largest market in the forecast period. During the fermentation process, the malt is kept in the tanks for few weeks and malt releases acid is as a by-product, due to which, there are increasing chances of tank worsening. Since the tanks are employed for a longer duration during the process, the requirement for more tanks by breweries to increase production. Due to these factors, the fermentation equipment segment is expected to account for a larger market share in the brewery equipment market.
Macro brewery and craft brewery are the main brewery type in the market. The craft brewery is further segmented into micro-brewery and brewpubs. The macro brewery segment is dominating the market, as macro brewery requires high-capacity equipment to carry on large-scale beer production. This leads to increasing demand for high-capacity equipment.
Brewery equipment market by mode of operation segmented as manual, automatic, and semiautomatic. Automatic mode segment leading the market, owing to increasing focus on mechanization and digitization by the beer manufacturers to ensure the progressive enhancement of cost benefits.
Geographically, the Brewery Equipment Market is studied across the countries of US, Canada, and Mexico. The US brewery equipment market is expected to witness remarkable growth as consumer preference for conventional beer rises. The introduction of specialty beers which are generally brewed to a classic style with the help of different flavours, including honey, hot pepper, smoke, ginger and sweet potatoes, are also stimulating the North America market growth. Whereas Mexico brewery equipment market will become fastest growing market.
The key competitors of the market include ABE Beverage Equipment, Atlantic Brew Supply, FIFCO USA, North American Breweries, Foxx Equipment Company, Patriot Homebrew Supply, Advanced Welding Supply Company Diageo North America, Country Malt Group, among others.
The study analyzed the global brewery equipment market based on equipment type, brewery type, mode of operation, and geography. The type of equipment in the market are milling, brewhouse, cooling, fermentation, filtration, filling, and other types of equipment. The fermentation segment is likely to dominate the market over the forecast period. Macro brewery and craft brewery are the main brewery type in the market. The craft brewery is further segmented into micro-brewery and brewpubs. The macro brewery segment is likely to register the fastest growth in years to come. Brewery equipment market by mode of operation is segmented as manual, automatic, and semiautomatic. The automatic mode segment is leading the market over the forecast period. Geographically, the study is comprised of the key countries of North America.
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