Draft Beer Equipment Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 7 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global draft beer equipment market was valued at approximately USD 5.2 billion in 2022 and is projected to reach around USD 7.1 billion by 2027, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period. This growth is driven by increasing consumer preference for draft beer over bottled options and the rising popularity of craft beer among millennials. Technological advancements in equipment efficiency, coupled with the expansion of the hospitality and foodservice sectors, are also contributing to the market's expansion. Additionally, the trend towards home brewing and the rising number of microbreweries are expected to further boost market demand in the coming years.
Opportunity analysis highlights significant potential in emerging markets such as Asia-Pacific and Latin America. In these regions, the growing middle-class population and improving economic conditions are likely to drive the demand for draft beer equipment. The shift towards premium and craft beer segments, along with increasing investments in the hospitality industry, presents lucrative opportunities for market players. Furthermore, the adoption of eco-friendly and energy-efficient equipment aligns with global sustainability trends, offering additional growth avenues. As these regions develop their beverage infrastructure, they are anticipated to become key contributors to the market's expansion.
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Micro Matic
KegWorks
Quality Equipment Company
Perlick Corporation
DraughtMaster
Tap & Keg
Pubinno
Liquid Logistics
Lancer
Singer Equipment
BBSPro
Glastender
Beverage-Air
Hoshizaki
Digitap
BeerSAVER
DraftPro Systems
Benedict Sales & Service
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Draft Beer Equipment Market
Brewery
Bar
Restaurant and Hotel
Others
Based on Types the Market is categorized into Below types that held the largest Draft Beer Equipment market share In 2023.
Remote Glycol Cooled
Air-cooled
Direct Draw
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Draft Beer Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Draft Beer Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Draft Beer Equipment Market, By Type
6. Global Draft Beer Equipment Market, By Application
7. Global Draft Beer Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Draft Beer Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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