In 2021, the market for coffee makers was estimated to be worth USD 7.23 billion. The market for coffee machines is expected to increase at a compound annual growth rate (CAGR) of 6.57% between 2022 and 2030, from USD 7.88 billion in 2022 to USD 13.12 billion.
The unwavering Coffee Machines Market research has given vital details about the factors influencing and propelling the market's sales. The research places great emphasis on the competition landscape section, which includes major market players operating in this industry globally. According to the report, a number of macroeconomic variables, including the GDP and the rate of inflation, are anticipated to have an impact on the growth of the coffee machine market, either directly or indirectly. To guarantee the highest caliber reports, the market study report was created using the appropriate research methodology and verified by experts and analysts.
Key Companies include::
- Keurig Green Mountain Inc. (U.S.)
- Panasonic Corporation (Japan)
- Nestlé S.A. (Switzerland)
- Newell Brands (U.S.)
- De'Longhi Group (Italy)
- Electrolux AB (Sweden)
- Melitta (Germany)
- Morphy Richards (U.K.)
- Koninklijke Philips N.V.(Netherlands)
- Hamilton Beach Brands Inc. (U.S.)
COVID 19 Impact
The COVID-19 pandemic caused supply chain disruptions and financial uncertainty due to disruptions in manufacturing activities worldwide. The emphasis shifted to immediate concerns such as health and safety measures, workforce management, and financial stability. The COVID-19 outbreak disrupted global supply chains, affecting coffee machine availability and delivery. The closure of cafes and restaurants during the lockdown period reduced sales of commercial coffee machines. However, as more people stayed at home, demand for home coffee machines increased as consumers sought to replicate the café experience.
Professional Coffee Machine Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know Coffee Machine market share analysis, market position, % Market Share, and segmented revenue.
A broad Coffee Machines Market report covers market parameters about the This industry. The report pinpoints on the leading market competitors with explaining company profile depending on SWOT analysis to illustrate the competitive nature of the market internationally. Even more, the report consists of market evolution, market shares, associations and level of investments with other leading companies, monetary settlements impacting the Coffee Machines Market in recent years are also analyzed. Global industry analysis report also provides insights about import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Coffee Machines Industry Developments
In July 2022, Keurig and BLK & Bold Coffee Announce New K-Cup Pod Partnership. New features within the Keurig brewing system that BLK & Bold will benefit from include MultiStream technology, which uses five streams of water to thoroughly saturate the coffee grounds and extract full flavor and aroma from each K-Cup pod.
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