Home Beer Brewing Machine Market to Grow by USD 14.53 Million in 2020, AIBrew Corp. and Blichmann Engineering Emerge as Key Contributors to Growth | Technavio
Technavio has been monitoring the home beer brewing machine market and it is poised to grow by USD 14.53 million during 2020-2024, decelerating at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
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Technavio has announced its latest market research report titled Global Home Beer Brewing Machine Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Negative and Inferior impact on the home beer brewing machine market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions-
- Based on segmentation by type, which is the leading segment in the market?
- The mini brewer segment is expected to be the leading segment based on type in the global market during the forecast period.
- What are the major trends in the market?
- Rising urbanization and changing consumer lifestyles is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 14%, the incremental growth of the market is anticipated to be USD 14.53 million.
- Who are the top players in the market?
- AIBrew Corp., Blichmann Engineering, Brewbot Inc., BrewJacket LLC, LG Electronics Inc., MiniBrew BV, NEWITY Ltd., PicoBrew Inc., Speidel Tank-und Behälterbau GmbH, and The Middleby Corp. are some of the major market participants.
- What are the key market drivers and challenges?
- Introduction of innovative features is one of the major factors driving the market. However, the lack of awareness on product and technology restraints the market growth.
- How big is the North America market?
- The North America region will contribute 47% of market growth.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. AIBrew Corp., Blichmann Engineering, Brewbot Inc., BrewJacket LLC, LG Electronics Inc., MiniBrew BV, NEWITY Ltd., PicoBrew Inc., Speidel Tank-und Behälterbau GmbH, and The Middleby Corp. are some of the major market participants. The introduction of innovative features will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this home beer brewing machine market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Home Beer Brewing Machine Market 2020-2024: Segmentation
Home Beer Brewing Machine Market is segmented as below:
-
Type
- Mini Brewer
- Full-size Brewer
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43697
Home Beer Brewing Machine Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The home beer brewing machine market report covers the following areas:
- Home Beer Brewing Machine Market Size
- Home Beer Brewing Machine Market Trends
- Home Beer Brewing Machine Market Analysis
This study identifies rising urbanization and changing consumer lifestyles as one of the prime reasons driving the home beer brewing machine market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Home Beer Brewing Machine Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist home beer brewing machine market growth during the next five years
- Estimation of the home beer brewing machine market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the home beer brewing machine market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of home beer brewing machine market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product size
- Market segments
- Comparison by Product size
- Mini brewer - Market size and forecast 2019-2024
- Full-size brewer - Market size and forecast 2019-2024
- Market opportunity by Product size
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AIBrew Corp.
- Blichmann Engineering
- Brewbot Inc.
- BrewJacket LLC
- LG Electronics Inc.
- MiniBrew BV
- NEWITY Ltd.
- PicoBrew Inc.
- Speidel Tank-und Behälterbau GmbH
- The Middleby Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005195/en/
