AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Coffee maker market - By type, the drip coffee machine segment is to witness the fastest growth, registering a CAGR of 5.50% during the forecast period.
Prime determinants of growth
Surge in consumption of coffee in emerging countries and increase in number of cafes and restaurants drive the growth of the global coffee maker market. However, high initial capital requirements and maintenance costs hinder the market growth. On the other hand, technological advancements along with rise in investments by small- & mid-sized coffee maker production firms present new opportunities in the coming years.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 : https://www.alliedmarketresearch.com/request-sample/6694
The drip coffee machine segment to maintain its dominant share during the forecast period
Based on type, the drip coffee machine segment held the largest market share in 2019, contributing to nearly two-fifths of the global coffee maker market, and is expected to maintain its dominant share during the forecast period. This is due to consumer preference for home brewed coffee, surge in urbanization, development in food service industry, and expansion of food outlets and local chains. However, the steam coffee machine segment is projected to witness the largest CAGR of 6.7% from 2021 to 2027, owing to increase in demand for automatic coffee machine and growing working class population preferring steam coffee.
The offline segment to continue its lead position during the forecast period
Based on sales channel, the offline segment accounted for the largest share in terms of revenue in 2019, holding nearly three-fifths of the global coffee maker market, and is estimated to continueits leadpositionduring the forecast period. This is due to availability of machines in different sizes & capacity, surge in consumer spending, and wide presence of retail & specialty stores.However, the online segment is projected to maintain the largest CAGR of 6.7% from 2021 to 2027, owing tosurge in penetration of different online portals in developing regions,increase in number of offers or discounts, and rise in usage of smartphones for online shopping.
Europe, followed by North America, to maintain its dominance in terms of revenue by 2027
Based on region, Europe, followed by North America, held the highest market share in 2019, accounting for nearly two-fifths of the total share, and will maintain its dominance in terms of revenue by 2027. This is attributed to rise in consumption of different types of coffee, rise in marketing activities of the sales of coffee machines, and improved distribution channels.However, Asia-Pacific would witness the largest CAGR of 7.6% from 2021 to 2027, owing to high population base, variety of tastes& preferences of consumers, increase in number of fast food chains/trucks, and adoption of western lifestyle.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/6694
Leading market players
De'Longhi Appliances S.r.l
Electrolux
Koninklijke Philips N.V
Siemens AG
BSH Home Appliances Corporation
Newell Brands
Breville USA, Inc.
GROUP SEB
Whirlpool
Nestlé Nespresso
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐀𝐌𝐑'𝐬 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐚𝐧𝐝 𝐆𝐨𝐨𝐝𝐬 𝐃𝐨𝐦𝐚𝐢𝐧:
𝐄𝐲𝐞 𝐒𝐡𝐚𝐝𝐨𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 www.alliedmarketresearch.com/eye-sha…ket-A16914
𝐏𝐨𝐫𝐞 𝐒𝐭𝐫𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 www.alliedmarketresearch.com/pore-st…ket-A10612
𝐃𝐞𝐨𝐝𝐨𝐫𝐚𝐧𝐭 𝐚𝐧𝐝 𝐀𝐧𝐭𝐢𝐩𝐞𝐫𝐬𝐩𝐢𝐫𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 www.alliedmarketresearch.com/deodora…nts-market
David Correa
Allied Market Research
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