Coffee Machine Market: by Type (Capsule Coffee Machine, Steam Coffee Machine, Drip Coffee Machine, and Others), by Technology (Semi-Automatic and Fully Automatic), by Sales Channel (Retail Sales, Direct Sales, and Online), by Application (Residential and Commercial), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The coffee machine market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the coffee machine market.
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The global coffee machine market size was USD 5.1 billion in 2019 and projected to register a CAGR of 4.2% over the forecast period. Increased consumption of coffee in emerging economies is one of the key factors driving market growth. The increasing awareness and health benefits of coffee reduce type 2 diabetes, liver cancer, and liver diseases and protect heart failure in high coffee consumption. Coffee machines are highly competitive in the end-use market.
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The outbreak of COVID-19 resulted in a rapid decrease in the demand for the coffee machine market as offices, companies, and workstations are not working. A shutdown of commercial spaces and offices due to the pandemic scenarios reduces the demand for coffee machines in the commercial sector. Due to a pandemic situation, many companies noticed that the demand for coffee machines decreasing due to companies’ restrictions is restricted to allowing on-floor operations. However, the work from home situation leads to the demand and sales of the residential spaces’ coffee machines.
The report outlines the coffee machine market study based on material, type, and end-use industries.
Based on the type, the coffee machine market has been segmented into –
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Based on technology, the coffee machine has been segmented into-
Based on the sales channel, the coffee machine market has been segmented into –
Based on the application, the coffee machine market has been segmented into –
Coffee Machine Market by Application, 2018-2025 (USD Million)
Based on the regions, the coffee machine market is segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa (MEA). Europe led the global coffee machine market and accounted for over 33.4% in 2019. High consumption of coffee and several commercial complexes and offices in the region are the main factors driving the market. Moreover, Asia Pacific is estimated to lead the global market with the fastest CAGR during the forecast period. Besides, developing countries such as China, India, South Korea, Indonesia, and Malaysia are expected to be significant contributors to its growth. Moreover, the rising number of cafes and coffee shops will drive demand, particularly in emerging countries. Major cafe chains, such as CCD and Starbucks, invest in the region due to high growth potential, which is likely to support market development.
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The coffee machine market is highly fragmented, with the presence of a large number of small players across the globe. The players operating in the coffee machine market include –