The global commercial beer dispensers market to grow at a CAGR of 4.45% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global commercial beer dispensers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is increasing preference for energy-efficient beer dispensers. Vendors and end-users are working toward reducing their carbon footprint in view of the global warming and high energy usage. Vendors are introducing environmentally friendly beer dispenser equipment, appealing to the eco-consciousness of operators in the end-user market.
According to the report, one driver in market is growing demand for chilled beer. The growth of the beer dispensers market is directly proportional to the growth in the alcoholic beverages industry. During the forecast period, the beer dispensers market will witness the volume expansion from developing countries compared to developed countries. Beer dispenser is mainly used by end-users to offer chilled beers.
During the forecast period, the alcoholic beverages segment in APAC will register a fast-paced growth with China and India as the key markets. In 2015, the alcoholic drinks market in APAC was valued at $535.5 billion and is expected to reach $673.4 billion by 2020. The market for alcoholic drinks dominates the beverage market across the globe. The global market for alcoholic beverages is expected to grow significantly during the forecast period. In 2015, the global alcoholic drinks market was valued at $2.26 trillion and is expected to reach $2.52 trillion by 2020.