Winery Equipment Market Report 2024 (Global Edition)
на канале: Cognitive Market Research
Read the Full Report: https://www.cognitivemarketresearch.c...
According to Cognitive Market Research, the global winery equipment market size is USD 2351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.
The global winery equipment market will expand significantly by 6.10% CAGR between 2024 to 2031.
North America held the major market of around 40% of the global revenue with a market size of USD 940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 705.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 540.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 117.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 47.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
The sales of tanks are expected to increase due to their essential role in wine fermentation and storage processes, alongside rising demand for efficient, customizable, and technologically advanced winemaking equipment.
The sales of farm winery equipment are anticipated to rise due to the growing popularity of locally sourced and artisanal wines, fostering demand for small-scale winemaking facilities in agricultural settings.
The small by winery size held the highest winery equipment market revenue share in 2024.
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