At a CAGR of 5.2% over the forecast period, the size of the Kegerator Equipment market is projected to increase from its current value of US$ 1,111.2 million in 2023 to US$ 1,846.5 million by 2033.
Along with the rapid uptake of functional beverages, an increase in craft beer consumption is anticipated to drive up demand for kegerator equipment during the forecast period.
Aside from that, the ability of the kegerator equipment to store large amounts of beer particularly impresses the investors. In addition, the market has been overrun with purchasers due to the beverages’ long-lasting freshness.
Moreover, the ability to dispense beer without foam has attracted the attention of lots of investors from the alcoholic beverages market. Furthermore, a surging wine market in particular is expected to increase the sales of kegerator equipment during the forecast period.
Additionally, the ability to have multiple taps allows for a greater variety of beers on tap, which can be a big selling point for customers or guests.
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Finally, the Kegerator Equipment is easy to clean and maintain, which is an important consideration when choosing any type of keg system.
Thus, from the insights provided by FMI researchers, it can be inferred that “an increase in the consumption of craft beer, coupled with the ability to store the beverages for days together, and maintain the freshness of the beverages is expected to surge the kegerator equipment market growth during the forecast period.”
Key Takeaways:
- The Kegerator Equipment market has been valued at US$ 1,111.2Million as on 2023
- The market is expected to reach a valuation of US$ 1,846.5 Million by 2033,
- The market is expected to grow at a CAGR of 2% during the forecast period.
- Germany currently has a Kegerator Equipment market share of around 23.1% in the Global market.
- The Commercial Sectoris one of the major users for this type of equipment.
- On the basis of category, the multi-tap segment has the highest market share.
- On the basis of application, the draft beer segment has the highest market share.
- In the North AmericanRegion, theKegerator Equipment market is dominated by the United States, with a globalmarket share of 33.9%.
- In terms of Kegerator Equipment market size, the United States is expected to have a total market capitalization of USD 377.0 million in 2023.
- During the forecast period, the UK Kegerator Equipment market is expected to grow at a CAGR of 6.4%.
- The India market is expected to expand at a CAGR of 6.4% during the forecast period.
- North Korea and Japan are expected to be one of the most significant markets for kegerator equipment.
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Competitive landscape:
The Kegerator Equipment Market is highly competitive with a large number of players. The key players operating in the market are mainly focusing on the process of mergers and acquisitions to expand their foot prints. Apart from that, the focus is also on accessing latest technologies to improve the manufacturing efficiency.
Some of the recent developments are:
- In July 2022, Danby helped vulnerable seniors with no AC amid the heat wave which was happening across USA.
- In June 2021, Haier was selected as BrandZ most valuable global brand for third year on a row.
Key Companies Profiled
- Danby
- Nostalgia Products
- Felix Storch
- Living Direct
- US Cooler
- Kegco
- Avanti Products (Croda International Inc.)
- Krups
- Versonel
- Haier Group Corporation
- DCS by Fisher & Paykel Appliances
- Cydea Inc
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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