The global Wine Production Machinery Market is estimated to be valued at US$ 2.35 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Wine production machinery refers to equipment used for winemaking process including crushing, pressing, fermentation, aging and bottling. Key machinery includes crushers, presses, fermenting tanks, aging equipment and bottling lines. These machines help in smooth and consistent production of wine.
Market key trends:
One of the key trend in the market is growing demand for automation in wine production machinery. With increasing wine production volumes worldwide, wineries are focusing on automating various steps of production process using technologically advanced machineries like automated crushing, pressing, fermenting and bottling lines. This is helping improve production efficiency and consistency in quality. Furthermore, adoption of premiumization trend where consumers spend more on luxury wines is also fueling investment in premium wine production machinery worldwide.
SWOT Analysis
Strength: Wine Production Machinery offers automation and efficiency to wine production processes. It helps in standardized production and quality control.
Weakness: High initial investment required for wine production machinery. Small wineries may not find it viable.
Opportunity: Growing consumption of wine globally is driving demand for increased wine production. This offers opportunity for wine production machinery providers.
Threats: Threat from natural calamities impacting grape harvest. Trade barriers and tariffs imposed by countries also impact wine exports and demand.
Key Takeaways
The Global Wine Production Machinery Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing consumption of wine worldwide. Changing lifestyle and rising disposable income are driving the consumption of wine in developing countries.
Regional analysis: Europe is expected to dominate the wine production machinery market during the forecast period. Countries like Italy, France and Spain have been producing wine for centuries. However, demand is increasing fast in North America and Asia Pacific as well. China, in particular, is emerging as one of the fastest growing markets for wine consumption.
Key players operating in the wine production machinery market are Bucher Vaslin, Pera Pellenc, Scharfenberger, Zambelli Enotech, ENOTOOLS, Criveller Group, Della Toffola, Gruppo Bertolaso, Fabbri, Mori Luigi & C. These companies offer various machinery required for wine processing such as destemmers, crushers, fermenting tanks, temperature control equipment etc. Major players are focusing on development of smart and automated machinery to improve efficiency and meet the growing demand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
