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Worldwide Coffee Machine Industry to 2026 - Surge in Coffee Drinking Population to Benefit Global Market - ResearchAndMarkets.com

DUBLIN, June 8, 2021 (BUSINESS WIRE) --

The "Coffee Machine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global coffee machines market is expected grow from USD 5.11 billion in 2020 to USD 6.36 billion in 2026 CAGR of more than 4.5% during the period 2021-2026.

COVID-19 has negatively impacted on coffee machines market due to restrictions on manufacturing activities and supply chain. The lockdown in China has forced coffee machine manufacturers based in the US and Europe to temporarily hold the production as it exports several input supplies. The expansion of commercial infrastructure and mushrooming offices will guarantee growth despite temporary lull experienced during COVID-19 outbreak.

Companies Mentioned

Keurig Green Mountain Inc Panasonic Corporation Nestle S.A. Newell Brands De'Longhi Group Electrolux AB Melitta Morphy Richards Koninklijke Philips N.V. Hamilton Beach Brands Inc. Robert Bosch GmbH

Key Market Trends

Surge in Coffee Drinking Population to Benefit Global Market

The dramatic growth in the coffee drinking population worldwide and the mounting popularity of specialty coffees has led to significant market expansion in recent years. The commercial sector's strong growth, especially in developing countries has also been favorable for the coffee machines industry. The emergence of the food service industry as a key end-user and the surging number of offices with kitchenettes could also foster the sales of advanced coffee machines in the following years. Players are majorly focusing on integrating various technological features in coffee machines, which can further widen the market's growth scope over the coming years. The escalating need for coffee machines with pre-grinding and pre-infusion features among consumers is likely to give rise to new growth avenues in the global industry during the review timeframe.

Asia Pacific Market to Grow at Accelerated Pace

Asia Pacific ranks as the fastest growing market with a significant growth rate over the forecast period, led by rapid urbanization and the expanding middle-income population base. The Asia Pacific region is anticipated to dominate the market over the forecast period owing to the increasing population, technological advancements, increasing disposable income, and growing number of workplaces. The rising disposable income, growing youth population, and the working class are propelling the demand for coffee machines in the countries like China, India, and Japan. The demand for coffee machines is increasing rapidly owing to the expansion of coffee culture or the expansion of coffee shops and capsule systems in the Asia Pacific region. The mounting number of cafes, restaurants, hotels, homes and companies, and the rising spending capacity of consumers in the region also add to the market value.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS AND DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Value Chain/Supply Chain Analysis

4.5 Porters 5 Force Analysis

4.6 Impact of COVID-19 on the market

5 MARKET SEGMENTATION

5.1 By Product Type

5.2 By Operation Category

5.3 By End User

5.4 By Distribution Channel

5.5 By Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER

For more information about this report visit https://www.researchandmarkets.com/r/17o2pe

View source version on businesswire.com: https://www.businesswire.com/news/home/20210608005833/en/

SOURCE: Research and Markets

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