Segmental Analysis
The global coffee machines market has been segmented on the basis of type, category, end user, and region.
By type, the market has been divided into filter coffee machines, capsule or pod coffee machines, traditional espresso machines, and bean-to-cup coffee machines. The filter coffee machines segment accounted for the largest share of the market in 2018.
In terms of category, the global coffee machines market has been bifurcated into semi-automated and automated. The semi-automated segment accounted for a larger market share in 2018 as these machines are cost-effective, portable, and easy to master over time. Furthermore, semi-automated coffee machines have a simple design and user-friendly interface where water, temperature, and brewing time can be easily controlled.
Based on end use, the global coffee machines market has been classified as household and commercial. The commercial segment accounted for the larger market share in 2018 and is projected to register the higher CAGR during the forecast period.
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Market Players
Market Research Future recognizes Keurig Green Mountain, Inc. (US), Panasonic Corporation (Japan), Nestlé S.A. (Switzerland), Newell Brands (US), De'Longhi Group (Italy), Electrolux AB (Sweden), Melitta (Germany), Morphy Richards (UK), Koninklijke Philips N.V. (Netherlands), Hamilton Beach Brands, Inc. (US), Illycaffè S.P.A. (Italy), Robert Bosch GmbH (Germany), Simonelli Group S.P.A. Italy), Krups (Germany), JURA Elektroapparate AG (Switzerland), La Cimbali (Italy), Zojirushi America Corporation (Japan), Luigi Lavazza S.p.A. (Italy), and Schaerer Ltd (Switzerland) as the key players in the global coffee machines market.
Regional Analysis
Geographically, the global coffee machines market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, North America dominated the market, accounting for the largest share in 2018. The market in Asia-Pacific is expected to register the highest CAGR of 5.82% during the forecast period. Europe accounted for the second-largest market share in 2018.
Key Findings of the Study:
The Global Coffee Machines Market is expected to register a growth rate of 76% from 2019 to 2026. Increasing consumption of coffee and the growth of the food service industry are projected to propel the growth of the global coffee machines market.
The filter coffee machines segment is estimated to remain the largest from 2019 to 2026. It is projected to register a growth rate of 03% during the forecast period. Technological advancements and demand for innovative products are expected to result in the capsule or pod coffee machines segment registering the highest CAGR of 5.59% during the forecast period.
On the basis of category, the semi-automated segment is expected to hold a dominant share of the market by 2026, registering a growth rate of 41%.
The commercial segment accounted for the larger market share in 2018 and is expected to exhibit the higher CAGR of 5.05% during the forecast period.
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