DUBLIN – (COMMERCIAL THREAD)–The “Coffee Machines Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The global coffee machine market is expected to grow from USD 5.11 billion in 2020 to USD 6.36 billion in 2026 CAGR of over 4.5% during the period 2021-2026.
COVID-19 has negatively impacted the coffee machine market due to restrictions on manufacturing activities and the supply chain. The lockdown in China has forced coffee machine makers based in the United States and Europe to temporarily halt production as it exports multiple supplies of inputs. The expansion of commercial infrastructure and the multiplication of offices will ensure growth despite the temporary lull experienced during the COVID-19 epidemic.
Keurig Montagne Verte Inc
Koninklijke Philips NV
Hamilton Beach Brands Inc.
Robert Bosch GmbH
Key market trends
Increase in the population of coffee drinkers to benefit the global market
The spectacular growth in the population of coffee consumers around the world and the increasing popularity of specialty coffees have led to a significant expansion of the market in recent years. Strong growth in the commercial sector, especially in developing countries, has also benefited the coffee machine industry. The emergence of the restaurant industry as a key end user and the growing number of offices with kitchenettes could also drive sales of advanced coffee machines in the years to come. The main focus of the players is on the integration of various technological features in the coffee machines, which may further expand the growth scope of the market in the coming years. The growing need for coffee machines with pre-grinding and pre-brewing functions among consumers is likely to give rise to new avenues of growth in the global industry during the review period.
Asia-Pacific market to grow at accelerating pace
Asia Pacific ranks as the fastest growing market with significant growth rate during the forecast period driven by rapid urbanization and expansion of middle income population. The Asia-Pacific region is expected to dominate the market during the forecast period owing to increasing population, technological advancements, increasing disposable income and growing number of workplaces. Rising disposable income, growing young population and working class are driving demand for coffee machines in countries like China, India and Japan. The demand for coffee machines is growing rapidly due to the expansion of coffee cultivation or the expansion of coffee shops and capsule systems in the Asia-Pacific region. The growing number of cafes, restaurants, hotels, homes and businesses, as well as the growing purchasing power of consumers in the region also add to the market value.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW AND DYNAMICS
4.1 Market overview
4.2 Market drivers
4.3 Market restrictions
4.4 Value chain / supply chain analysis
4.5 Analysis of carrier forces 5
4.6 Impact of COVID-19 on the market
5 MARKET SEGMENTATION
5.1 By product type
5.2 By category of operation
5.3 By the end user
5.4 By distribution channel
5.5 By geography
6 COMPETITIVE LANDSCAPE
6.1 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/17o2pe