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Global Coffee Machine Market 2019-2024Coffee machine is cooking appliance used to brew coffee. Common commercially available coffee machine contains different types using different brewing principles. Its application includes household, office and commercial consumption.
Scope of the Global Coffee Machine Market Report
This report focuses on the Coffee Machine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The worldwide market for Coffee Machine is expected to grow at a CAGR of roughly 4.2% over the next five years, will reach 19900 million US$ in 2024, from 15500 million US$ in 2019, according to a new GIR (Global Info Research) study.
The technical barriers of coffee machine are high, and the core technology of coffee machine concentrates in relative large companies including Keurig Green Mountain, Panasonic, Nestlé Nespresso, Jarden, Delonghi, Electrolux, Melitta, Morphy Richards, Philips, and Hamilton Beach. These companies mainly concentrate in USA, Europe. However, more than 80% of coffee machine are mainly produced by the Chinese enterprises for OEM.
Coffee machines are widely used in café, hotel, restaurant, companies, home, etc. As the demand increases rapidly with higher spending propensity and a rising demand for coffee in emerging regions, such as in China, the demand for coffee machine is expected to continue increasing during the remaining years of the forecast period of 2017-2022. Coffee machine industry will usher in a stable growth space.
In the past few years, the price of coffee machine has a little change and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of coffee machine.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in coffee machine industry will become more intense.
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This report covers Analysis of Global Coffee Machine Market Segment by Manufacturers
Keurig Green Mountain
Panasonic
Nestlé Nespresso
Jarden
Delonghi
Electrolux
Melitta
Morphy Richards
Philips
Hamilton Beach
Illy
Bosch
Tsann Kuen
Krups
Jura
La Cimbali
Fashion
Zojirushi
Bear
Schaerer
Global Coffee Machine Market Segment by Type
Drip Coffee Machine
Steam Coffee Machine
Capsule Coffee Machine
Other Coffee Machine
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Global Coffee Machine Market Segment by Applications, can be divided into
Commercial coffee machine
Office coffee machine
Household coffee machine
Global Espresso Machines Market 2019-2024
Espresso machine or Espresso coffee machine is a segment market of the global coffee machine market; this report will cover all product types.
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The worldwide market for Espresso Machines is expected to grow at a CAGR of roughly 6.5% over the next five years, will reach 3710 million US$ in 2024, from 2550 million US$ in 2019, according to a new GIR (Global Info Research) study.
DeLonghi, Jura and Philips (Saeco) are the top three Revenue share spots in the Espresso Machines market in 2016. DeLonghi dominated with 26.62% Revenue, followed by Jura with 18.56% Revenue share and Philips (Saeco) with 10.14% Revenue share.
The technical barriers of espresso machines are high, and the core technology of espresso machines concentrates in relative large companies including Panasonic, Nestlé Nespresso, Jarden, Delonghi, Electrolux, Melitta, Morphy Richards, Philips, and Hamilton Beach. These companies mainly concentrate in USA, Europe. However, more than 80% of coffee machine are mainly produced by the Chinese enterprises for OEM.
Europe is largest region for the global automatic espresso machines market. Developed countries in Western Europe are predominantly the major markets for automatic espresso machines. The high purchasing power of consumers in Europe coupled with a growing interest in adopting technologically advanced kitchen appliance products will drive the market. Countries such as the UK, Italy, the Netherlands, Germany, France, and Russia are already major consumers of the automatic espresso machines market. Europe will continue to dominate the global market, with Eastern Europe also expected to witness considerable progress in terms of demand. The rise in disposable income of lower and middle-income segments in countries like Russia and Poland will drive the market in this region.
With the increase in cost of espresso at quick service restaurants, consumers are increasingly switching to home-brewed alternatives. New machines launched in the espresso machines market are equipped with features to deliver quality espresso that matches professionally served coffee. This trend is expected to continue over the forecast period and significantly drive the market.
In the next five years, the global consumption volume of Espresso Machines will show downward tendency further, consumption volume is expected in 2022 will be 171.3 K Units. The average selling price will be around 181 $/Unit in 2022.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
This report covers Analysis of Global Espresso Machines Market Segment by Manufacturers
DeLonghi
Jura
Philips (Saeco)
Melitta
La Marzocco
Nespresso
Ali Group (Rancilio)
Gruppo Cimbali
Nuova Simonelli
Panasonic
Illy
Bosch
Mr. Coffee
Simens
Hamilton Beach
Krups (Groupe SEB)
Dalla Corte
La Pavoni
Breville
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Global Espresso Machines Market Segment by Type
Manually & Semi-automatic
Fully-automatic
Global Espresso Machines Market Segment by Applications, can be divided into
Individual & Household
Commercial
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