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Wine Production Machinery Market: Segmented: By Type (crushing and pressing equipment, tanks and fermenters, temperature control equipments, filtration equipments and others); By end-user (Household and commercial); By Variety (White wine, Red wine and Sparkling wine) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Wine production machinery market size was registered at USD 2.23 billion in 2021 and is estimated to reach 3.56 billion by 2030, registering a CAGR of 5.40% from 2021 to 2030.
Wine production machinery is a set of equipment used for the production of wine by using good quality grapes, honey, other fruits, and more. Various physical and chemical processes are carried out in wine production making using various equipment such as crushing and pressing, tanks & fomenters, temperature control equipment, filtration, and others. Various activities are carried out in the process of winemaking such as sanitization and fermentation. The equipment is chosen based on the volume of wine processing and the size of the production plant. Raw materials used for wine processing include white grapes and black grapes.
Wine production machinery market is expected to project a CAGR of 5.40% during the forecast period, 2021-2030
The increasing income of people and their changing lifestyles is one of the reasons for the growth of the wine equipment market. There is a significant increase in the number of wineries which is one of the major reasons that drive the growth of the wine production machinery market demand. People are becoming more experimental with their tastes and preferences as well as consumption habits for some products such as wine, champagne, beer, etc. Thus increase in their consumption offers opportunities to key players in expanding or starting their facilities in this field. Robotics and automation usage in the production of wine is giving many players scope to enter the market. For example, automated packaging, temperature controls, and winery motion automated equipment are used by Golan Heights winery in Northeast Israel.
By type
It is categorized into, crushing & pressing equipment, tanks & fermenters, temperature control equipment, filtration equipment, and others. Based on type, the temperature control equipment accounts for 50% of the industry’s share in 2019. Among the variety segment which can be classified into white wine, red wine, and sparkling wine, red wine has witnessed maximum growth globally because of the rising awareness of its health benefits of the wine. The global Wine production machinery market can also be categorized by end-user into commercial and household usage of wine, where the commercial sector dominates the household sector.
Increasing preference and rising bars to increase the market growth
The rising number of bars, restaurants, and clubs across the globe and increasing preference for wine consumption on various occasions, parties, and events among people have increased the demand for the production of wine. Due to the high consumption of wine producers are increasing their business in turn increasing the market size of the wine production machinery market. In Europe, around 35 to 40% of wineries are old and need replacement and renovation. Thus the rate of replacement and new installations is likely to grow during the forecasted period to meet the demand domestically as well as internationally.
Large capital requirements and high machinery market hamper growth
The major players in the wine production machinery market are investing in research and development to improvise the quality of wine and empower other competitors in the market. However, large capital requirement and the high cost of the machinery is hindering the growth of the industry. Prices change as per winery size disturbing the market in developing countries such as India and China which are price dominant economies. Wine producers need to invest huge capital to buy machinery and other related equipment making it difficult to enter the industry.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA. Region-wise, Europe dominated in 2019 with 60% dominance because of huge market participants and an increase in income and wine production. However, the market across North America can portray the highest CAGR in 2030. Even France is emerging in the wine production machinery market with a high rate of exports. According to a report published by the France government in 2018, France and Italy dominated the export market and are expected to continue their dominance with 30% and 19% market share, respectively.
Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Wine Production Machinery Market size was estimated at USD 2.23 Billion in 2021 and is expected to reach USD 3.56 billion by 2030.
GW Kent, Agron, Della Toffola Pacific, Love Brewing Ltd, Northern Brewer, Aramark ,Airknife Company
Increasing preference and rising bars to increase the market growth are anticipated to hold the Wine Production Machinery Market
Wine production machinery is a set of equipment used for the production of wine by using good quality grapes, honey, other fruits, and more. Various physical and chemical processes are carried out in wine production making using various equipment such as crushing and pressing, tanks & fomenters, temperature control equipment, filtration, and others.
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