Beverage Dispenser Equipment Market Size Report 2022-2028

The global beverage dispenser equipment market size was valued at USD 14,836.7 million in 2021 and is poised to grow at a significant CAGR of 6.9% during the forecast period 2022-28. The beverage dispenser industry is fast evolving in terms of implementing digital methods and techniques to improve variables such as food and labor safety. However, to achieve this, a large enough skilled labor must be available to make optimum use of the existing equipment. Furthermore, as compared to traditional beverage dispensers, automatic beverage dispensers have higher installation and running expenses, resulting in a prolonged payback period, limiting market growth soon.