Global Automatic Espresso Machines Market To Grow At A Phenomenal Cagr Of 6.53% During The Period 2017-2021

Summary

Orbis Research Presents Global Automatic Espresso Machines Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts.

Description

The Following Companies As The Key Players In The Global Automatic Espresso Machines Market: Breville, De'Longhi Appliances, Groupe SEB, Koninklijke Philips, and Nestlé Nespresso.

Other Prominent Vendors in the market are: Cuisinart, Hamilton Beach Brands, illycaffè, Jarden Consumer Solutions, and JURA Elektroapparate.
The report covers the present scenario and the growth prospects of the global automatic espresso machines market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of automatic and semi-automatic espresso machines to the residential segment market.

Commenting on the report, “One trend in market is availability of portable espresso machines. The demand for portable espresso machines is high among travelers. This is because can be carried by travelers can these machines when they travel. The growing technology enables vendors to manufacture portable products for customers. For instance, Handpresso (a French company) offers HANDPRESSO AUTO espresso machine that can be used in a car. It also offers HANDCOFFEE TRCK coffee machine for trucks.”

According to the report, one driver in market is new product development and innovation. Manufacturers of automatic espresso machines are developing new products. They are coming up with product innovations to attract a wide customer base. This enables them to attain a competitive edge in the market. They also add user interface panels that increase convenience and add to the aesthetics of the machines, and focus on enabling more customization. The latest product innovations ensure that these machines produce coffee that is at par with that produced using professional espresso machines, in terms of taste and quality. Vendors have also started introducing varieties in espresso machines, like the ones that are compact and do not consume space in the kitchen and dining area. Market leaders, such as Nestlé Nespresso, have patented extraction technologies.

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Further, the report states that one challenges in market is low penetration and adoption in developing countries and availability of counterfeit products. The penetration of automatic espresso machines in developing countries is low due to their high cost. The demand for less costly options is expected to continue to thrive and dominate the global automatic espresso machine market. This is due to the price-sensitivity of consumers in the developing countries. Most consumers in developing countries prepare coffee by using manual espresso machines due to their easy availability and low cost. Counterfeit products are manufactured to take advantage of the market value and brand name of real products. This can lead to consumers losing their trust on the original manufacturers and the image of the companies can get tarnished. Low production cost is the key factor that encourages the production of counterfeit products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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