July 28, 2020
According to the research report titled ‘Global Beverage Dispenser Equipment Market: World Market Review By Dispenser Type, By Beverage, End Use, By Technology (2019 Edition): Opportunities and Forecast (2013-2023)-- North America, Europe, APAC, Middle East and Africa, By Country, available with Market Study Report LLC, global beverage dispenser equipment market is anticipated to witness a y-o-y growth rate of 4.75% between 2019 and 2024.
Rapid urbanization and inclination towards dining out have enhanced the adoption of beverage dispenser equipment, thereby strengthening revenue inflows for this industry. Escalating expenditure on food & beverage items by millennial population is further aiding the expansion of the market. Increasing popularity of pubs, cafeterias, and QSR (quick service restaurants) are also stimulating the industry outlook.
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Worldwide beverage dispenser equipment industry is fragmented based on dispenser type, beverage type, end-user landscape, technology scope, and regional contribution. Speaking of dispenser type, the market is divided into beer & wine dispenser, coffee/tea dispenser, juice dispenser, water dispenser, and soft drink/cold drink dispenser.
Moving on to beverage type, the industry is segmented into non-alcoholic and alcoholic. The technology landscape of the market comprises of manual, semi-automatic, and automatic segments while the end-user landscape consists of cinema, restaurants & coffee shops, bar & pub, hotels and others.
From the regional point of view, beverage dispenser equipment industry is split into Middle East & Africa, Asia-Pacific, Europe, and North America. The report primarily focuses on Nigeria, Morocco, South Africa, Saudi Arabia, Qatar, UAE, Japan, Australia, India, Brazil, Mexico, Canada, U.S., China, Italy, Spain, France, Germany, and U.K. among others.
North America accounts for a significant market share and is predicted to expand consistently in the ensuing years, primarily driven by growing demand by food outlets for efficient as well as advanced equipment and rapid expansion of foodservice sector. On the other hand, Asia-Pacific beverage dispenser equipment industry is anticipated to showcase remunerative growth during the forecast period.
Bunn-O-Matic, Bras Internazionale S.p.A., FBD Partners LP, Hoshizaki Corp., Cornelius Beverage Technology, Standex International Corp., Ali Group, The Middleby Corporation, and Welbilt Inc. are the key contenders in global beverage dispenser equipment market.