Technavio, a tech-focused market research firm, has published a new report on the global commercial coffee brewer market, which is expected to grow at a CAGR of more than 6% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: the Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2015 (%) |
|
Americas |
53.55% |
|
EMEA |
35.14% |
|
APAC |
11.31% |
Source: Technavio
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Top three contributors for the global commercial coffee brewer market are elaborated below
Commercial coffee brewer market in Americas: Availability of new flavors of brewed coffee, high per capita consumption of coffee, and an increase in the number of food service establishments offering coffee in the region are factors fueling the demand for commercial coffee brewers in the Americas. For instance, annually, the average per capita consumption of coffee in Brazil is close to 800 cups per year and in the US, it is over 350 cups per year.
According to Manu Gupta, a lead analyst at Technavio “The growing consumer preference for customized coffee is encouraging many food service establishments in the region to offer flavorful blends of brewed coffee. The need to ensure customer loyalty and enhance brand awareness prompts these establishments to invest in new commercial coffee brewers.”
Commercial coffee brewer market in EMEA: EMEA is currently experiencing an upsurge in the consumption of coffee owing to the evolving consumer preferences and the availability of many variants of brewed coffee across different price segments. France, Germany, and UK are the key markets for commercial coffee brewers in Europe.
Commercial coffee brewer market in APAC: APAC contributed more than 11% to the global commercial coffee brewer market during 2015. The projected increase per capita consumption of coffee in many tea consuming countries, such as China and India, and a subsequent rise in the number of chain coffee outlets and other food service establishments offering brewed coffee drives the growth of the commercial coffee brewer market in APAC.
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The top leading vendors operating in the global XX market are:
- BUNN
- Bloomfield
- Grindmaster-Cecilware
- Hamilton Beach Brands
- Wilbur Curtis
Other prominent vendors in the market include vantco Equipment, Bravilor Bonamat, Brewmatic, FETCO, Franke, HLF, Jacobs Douwe Egberts, Newco, and West Bend.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Coffee Brewer Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Coffee Market in Mexico 2016-2020
- Global Instant Coffee Market 2016-2020
- Office Coffee Service Market in the US 2016-2020
- Global Hot Drinks Market 2016-2020
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