The global commercial beverage dispenser equipment market size was US$ 6.2 billion in 2021. The global commercial beverage dispenser equipment market is forecast to grow to US$ 10.3 million by 2030 by growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The commercial beverage dispensers are deployed to dispense hot, cold, and frozen drinks in retail spaces. It is considered an efficient tool to boost productivity, profitability, and operational excellence in foodservice chains and restaurants. Thus, the vast applications and benefits of commercial beverage dispenser equipment will fuel the growth of the market.
The rising number of convenience stores, shopping malls, recreational sites will surge the growth of the global commercial beverage dispenser equipment market. In addition, trending factors like eco-friendly cooking, smart kitchens, IoT embedment are also forecast to offer ample growth opportunities for the commercial beverage dispenser equipment market.
The introduction of successful strategies by manufacturers to enhance profitability, consumer traffic, and customer relationships will contribute to market growth. For instance, in June 2021, Miso Robotics inked a pact with Lancer Worldwide to offer automated beverage dispensers to Quick-Service Restaurant Industry.
The rapidly growing concept of ghost kitchens will also surge the growth of the global commercial beverage dispenser equipment market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic restricted the movement of goods and equipment like beverage dispensers. Thus, it became challenging for the commercial beverage dispenser equipment market to tackle the situation. Moreover, end-users of commercial beverage dispenser equipment, such as shopping malls, amusement parks, cinema halls, educational institutions, and coworking spaces, had to shut their doors on a temporary basis. As a result, it hampered the growth of the global commercial beverage dispenser equipment market.
Regional Analysis
The Asia-Pacific commercial beverage dispenser equipment market is forecast to grow at the highest growth rate. It is due to the growing population, the rising disposable income, and the increasing number of food and beverage stores.
Drive-thru is the growing trend in the region, which is forecast to propel the regional market forward. Prominent fast-food chains like McDonald’s have more than 250 locations. Thus, all of these factors will contribute to the growth of the market. In addition, the emergence of new startups and the rising trend of ghost kitchens will surge the growth of the commercial beverage dispenser equipment market.
Competitors in the Market
Market Segmentation
The global commercial beverage dispenser equipment market segmentation focuses on Technology, Beverage, Material, Dispenser, End-User, and Region.
By Technology Outlook
By Beverage Type Outlook
By Material Outlook
By Dispenser Type Outlook
By End-User Outlook
By Region
