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Global Wine Production Machinery Market Share & Growth Analysis Report, 2020-2030

iCrowdNewswire   Jan 7, 2021  3:28 PM ET

Wine production machinery is a set of equipment used for the production of wine by using good quality grapes, honey, other fruits, and more. There are various physical and chemical processes that are carried out in wine production making using various equipment such as crushing and pressing, tanks & fomenters, temperature control equipment, filtration, and others. There are various activities that 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.

Global wine production machinery market size was registered at $2.0 billion in 2019 and is estimated to reach $XX billion by 2030, registering a CAGR of XX% from 2020 to 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 facility 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.

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Global wine production machinery market is segmented on the basis of type, variety, end-user, and region.

By type, it is categorized into, crushing & pressing equipment, tanks & fermenters, temperature control equipment, filtration equipment, and others. On the basis of 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 witness’s maximum growth globally because of the rising awareness of the health benefits of the wine.

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.

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.

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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 has 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.

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 of the market. However, large capital requirement and 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.

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Keywords:    Wine Production Machinery Market, Wine Production Machinery Industry, Wine Production Machinery Market Size, Wine Production Machinery Market Share, Wine Production Machinery Market 2020, Wine Production Machinery Market 2026

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