by 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 is used in wine making process which includes crushing, destemming, pressing and handling of wine grapes. Key machines used are destemmers, crushers, presses, fermenting equipment and bottling lines. Rising wine consumption globally is driving demand for wine production machineries from wineries. Also, mechanization of wine production process has improved efficiency and quality of wine. Advances in machinery technology have automated many manual tasks in wine making and enabled large scale commercial wine production.
Market key trends:
One of the key trends is growing adoption of automated and advanced wine making equipment. Companies are developing new machines integrated with automation and robotics to improve productivity. There is also a rising demand for smaller table-top wine making machines for home and hobby winemakers. Furthermore, growing craft breweries and rise of contract wine making is another trend positively impacting the market. Sustainability being an important focus area, eco friendly machines reducing carbon footprint in production are gaining popularity.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the wine production machinery market is moderate as the market requires high level of technical expertise to design and manufacture machinery for wine production. Further, high initial investment and established distribution channels act as entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate as they have large number of options of machinery providers to choose from. However, switching costs in terms of time, money and efforts to set up new machinery also limits their bargaining power.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as they depend significantly on wine production machinery manufacturers. However, availability of alternative raw material suppliers provides some bargaining power to suppliers.
Threat of new substitutes: The threat of new substitutes is low as wine production being a complex process, there are limited substitutes available for specialized machinery. However, alternative equipment may pose limited threat.
Competitive rivalry: The competitive rivalry is high among the existing players due to their established brand names, technical expertise and global presence.
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 wine consumption across regions. Europe currently dominates the market owing to large number of wineries and higher adoption of advanced machinery. However, Asia Pacific is expected to witness fastest growth during the forecast period with countries like China, India emerging as new hotspots for wine manufacturing.
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. Bucher Vaslin is a global leader in wine production machinery with wide geographic presence across Europe and Americas. Pera Pellenc is another leading player headquartered in France focusing solely on wine industry. Zambelli Enotech and Scharfenberger specializes in equipment for fermentation, ageing and bottling processes.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
