Technavio, a tech-focused market research firm, has published a new report on the global smart coffee maker market, which is expected to grow at a CAGR of close to 39% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global smart coffee maker market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Click here to request a free sample of this report
Smart coffee maker market in EMEA: In 2015, the UK and Germany are the major contributors to the market’s revenue. It is expected that France, Spain, and Italy will be the hotspots for the smart coffee maker market in Europe during the forecast period.
According to Poonam Saini, a lead analyst at Technavio, specializing in research on retail goods and services, “The high purchasing power has empowered consumers to switch from semi-automatic to smart coffee makers. Eastern European countries are emerging regions and have tremendous potential during the forecast period owing to the improvement in living standards and increase in urbanization.”
Smart coffee maker market in the Americas: The smart coffee maker market in the North America is anticipated to grow at a higher rate as compared to other geographic segments of the market during the forecast period. The region is likely to witness a rise in the popularity and adoption of smart home technology by 2021. The maximum contributor to the market growth in the region will be the US owing to technological advancements and growing awareness among customers for connected devices.
Smart coffee maker market in APAC: The smart coffee maker market in APAC is expected to grow at a fast rate during the forecast period. Developed countries in APAC such as the UAE, Japan, Hong Kong, and Qatar are expected to register an increase in the sales of smart appliances. Increasing disposable income, expanding the middle-class population with a high standard of living; increasing rate of urbanization with growing number of new households, and growing smartphone penetration and internet coverage are some of the key factors boosting the market growth for smart coffee makers during the forecast period.
Ask an analyst to know more about this report
The top vendors operating in the global smart coffee maker market are:
- BEHMOR
- Jarden Consumer Solutions
- Nestlé Nespresso
- Koninklijke Philips
- SMARTER APPLICATIONS
Other prominent vendors in the market include Auroma Brewing Company, De’Longhi Appliances, FANSTEL, POPPY, and REDMOND Industrial group.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Coffee Maker Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Shade Devices Market 2017-2021
- Global Automatic Baby Swing Market 2017-2021
- Global Smart Well Market 2017-2021
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
