Global Brewery Equipment Market to Reach $32.8 Billion by 2030
The global market for Brewery Equipment estimated at US$21 Billion in the year 2023, is expected to reach US$32.8 Billion by 2030, growing at a CAGR of 6.6% over the period 2023-2030. Macrobrewery Equipment, one of the segments analyzed in the report, is expected to record 6.5% CAGR and reach US$17.7 Billion by the end of the analysis period. Growth in the Craft Brewery Equipment segment is estimated at 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 9.9% CAGR
The Brewery Equipment market in the U.S. is estimated at US$5.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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