Coffee Machine Market Dynamics, Drivers, Restraints and Opportunity 2020-2026

The global coffee machine market, as per the report of Market Research Future (MRFR), would surpass a valuation of USD 11.81 billion by 2026 with a CAGR of 4.76% encompassing 2020 to 2026. The report is also providing an ample view of the factors that can bolster growth.

Factors influencing the coffee machine market are a rise in the number of cafeterias, restaurants, and fast-food joints, a better acceptance of coffee among the millennials, high disposable income, rising urbanization, time crunch, and others. These factors would boost market expansion plans. Also, innovations and better marketing strategies would help in exploring new places to increase revenue generation.

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Segmentation:

MRFR made an attempt to understand various details influencing the coffee machines market in their report. The process relies on a segmentation based on type, category, and end use. Various factors and dynamics mentioned in the report would help in developing better strategies.

By type, the report on the coffee machines market can be segmented into a filter coffee machine, traditional espresso machine, bean-to-cup coffee machine, and capsule or pod coffee machine. In several cafeterias, this bean-to-cup coffee machine is gaining strong acceptance.

By category, the coffee machines market study includes semi-automated and fully-automated. The second segment is getting good ground.

By end user, the report includes household and commercial as major segments. In developed countries, the household segment is getting a good thrust. The rise in cafeterias, fast-food joints, and restaurants are expected to boost the commercial segment substantially.

Regional Analysis:

North America has the infrastructural benefit to boost the sale of the coffee machines. People in the region are known for their high disposable income and their affinity towards coffee, which would trigger a huge sale of these machines. Also, cafeterias like Starbucks are making a substantial profit by catering to people in the urban region, which ensures that the intake would not go down. The regional market encompassed 34.93% of the global market in 2018, and it is possible due to the presence of companies known for coffee machine production.

In the Asia Pacific region, the coffee machine market would enjoy the highest CAGR of 5.82% during the forecast period. The market is profiting from a hike in urbanization and the rise in the middle-income group. Both in tier-1 and tier-2 cities, this market is getting substantial access. Various emerging economies like India, China, Thailand, and others would promote regional growth. In Japan, the market is getting good support from the rising number of millennials as consumers.

Competitive Landscape:

The global market for a coffee machine is all set to profit from the rising demand set by consumers across the world, and it would influence players to take suggestive strategic moves. These players are Panasonic Corporation (Japan), Keurig Green Mountain, Inc. (US), Newell Brands (US), Nestlé S.A. (Switzerland), Electrolux AB (Sweden), De’Longhi Group (Italy), Koninklijke Philips N.V. (Netherlands), Melitta (Germany), Morphy Richards (UK), Robert Bosch GmbH (Germany), Hamilton Beach Brands, Inc. (US), Illycaffè S.P.A. (Italy), Krups (Germany), Simonelli Group S.P.A. Italy), Luigi Lavazza S.p.A. (Italy), La Cimbali (Italy), Zojirushi America Corporation (Japan), JURA Elektroapparate AG (Switzerland), and Schaerer Ltd (Switzerland). Their strategic moves include mergers, acquisitions, innovative marketing strategies, and other measures.

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Industry News:

In March 2020, Eboca, a Spanish vending machine company, and the Foundation for the Development of New Hydrogen Technologies from Aragon launched a new coffee machine that would draw its power from a device charged by hydrogen. The pilot project had been launched in the Ordesa meadow, where it will use hydrogen as its only power source.

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This release was published on openPR.