January 08, 2021
According to the research report titled ‘Global Coffee Machine Market Analysis, 2020’, available with Market Study Report LLC, global coffee machine market is slated to record a y-o-y growth rate of 8% between 2020 and 2025.
Technological advancements in this business space have allowed for development of coffee machines with high performance and ability to deliver high quality products, which in turn is one of the key factors driving the growth of global coffee machine market. Increasing coffee consumption and inclination towards consuming strong brewed coffee with milky froth on the top is also aiding the market expansion.
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Based on machine type, the market is split into capsule coffee machine, steam coffee machine, drip coffee machine, and others. The report states that drip coffee machine segment accounted for the largest share in North America coffee machine industry in the year 2019, owing to its reusable abilities. Incorporation of advanced technologies in drip coffee machines is also contributing towards its popularity in the region as well as across the globe.
Meanwhile, capsule coffee machine segment is predicted to expand significantly during the forecast period. This machine is not only cost efficient, but also lightweight as well as consist of simpler operations. Moreover, it offers several benefits such as low maintenance costs and energy consumption, thereby fueling the segmental size.
In terms of mode of operation, global coffee machine industry is bifurcated into semi-automatic, automatic, and manual. The sales channel landscape consists of online, wholesalers/retailers, and direct sales segments.
As per body make, the industry is split into metal and plastic segment. Citing the end-user landscape, the market is segmented into residential, corporates & institutions, retail malls/outlets, restaurant & cafes, and hotels.
The regional landscape of global coffee machine industry covers Asia-Pacific, Middle East, Europe, Sout America, and North America. The country-level fragmentation consists of South Korea, Singapore, Australia, Japan, India, China, Egypt, South Africa, Nigeria, Algeria, Africa, Turkey, Qatar, UAE, Saudi Arabia, Germany, Scandinavia, Russia, France, United Kingdom, Italy, Argentina, Brazil, Mexico, Canada, and the United States.
Among these, the report claims that Europe is likely to account for majority market share, owing to increasing consumption of coffee across the region.
The competitive landscape of global coffee machine market is defined by companies such as Robert Bosch GmbH, Electrolux AG, Nestlé S.A., Dualit, De' Longhi S.p.A., Groupe SEB, Breville, Koninklijke Philips N.V., Melitta, EVOCA Group, Jura Elektroapparate AG, and Keurig Dr Pepper Inc. among others.