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The automatic espresso machines market share is expected to increase by USD 1.04 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.6%.
This automatic espresso machines market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automatic espresso machines market segmentation by product (fully automatic and semi-automatic) and geography (Europe, North America, APAC, South America, and MEA). The automatic espresso machines market report also offers information on several market vendors, including Breville Group Ltd., De'Longhi Spa, FRANKE Holding AG, Groupe SEB, Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Robert Bosch GmbH, and Smeg Spa among others.
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Based on our research output, there has been a negative impact on the market growth during and after the COVID-19 era. The growing demand for espresso coffee and increasing penetration of espresso machines is notably driving the automatic espresso machines market growth, although factors such as high cost of automatic coffee machines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automatic espresso machines industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automatic Espresso Machines Market Driver
The growing demand for single-serve coffee pod machines is the major driver for the key automatic espresso machines market growth. The market is largely driven by the increasing usage of single-serve coffee in households, especially in North American and European regions. Consumers are willing to purchase coffee machines to recreate the cafe-style experience and taste at home. The demand for coffee pods has increased globally. Traditionally, the coffee-making processes involved grinding and tamping of coffee. They also involved some degrees of consumer involvement in programming machines to use the right amount of ingredients. Such factors made the coffee-making processes cumbersome. To avoid such issues, consumers are now switching to the use of plastic coffee pods.Vendors are modifying their product offerings to capitalize on this trend. For instance, Nestl Nespresso uses a different kind of extraction process in its Nestl Nespresso CitiZ automatic espresso machine to differentiate it from its competitors. This involves perforation of the coffee pods followed by the application of pressure to extract the flavor and aroma. The machine is also equipped with a compartment that can be used to gather pods until disposal.
Key Automatic Espresso Machines Market Trend
The new product development and innovations are notably driving the automatic espresso machines market growth. Vendors in the market are introducing innovative features in their products to attract a wide consumer base as well as to gain a competitive edge in the market. For instance, vendors are introducing interface panels to improve the convenience and enhance the aesthetics of espresso machines. Similarly, some vendors are introducing automatic espresso machines with built-in Wi-Fi capability along with a huge recipe database. The latest product innovations have enabled automatic espresso machines to produce coffee that is at par with that produced using professional espresso machines. Such product innovations by vendors are attracting consumer interest, which will be crucial in driving the growth of the global automatic espresso machines market.
Key Automatic Espresso Machines Market Challenge
The high cost of automatic coffee machines is expected to remain a restraining factor in automatic espresso machines market growth. It has been noted that the rise in the number of daily takeaway coffee consumers has become a popular element of the working population all around the world. The changing lifestyle of consumers demands rapid service in coffee serving which requires the up-gradation of the latest configuration in the automatic coffee machine. On account of such rapid adoption of technology, manufacturers are spending heavily to offer state-of-the-art products to buyers. However, the highly automated coffee machine is anticipated to encounter a high cost. This results to affect consumers? decision-making process in the near future. Thereby, manufacturers are focusing to offer automatic coffee machines with advanced technology at an affordable price range.
This automatic espresso machines market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.
Technavio categorizes the global automatic espresso machines market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automatic espresso machines market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automatic espresso machines market encompasses successful business strategies deployed by the key vendors. The automatic espresso machines market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automatic espresso machines market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automatic espresso machines market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global household appliances market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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