This industry research report presents market outlook and forecast for the global automatic expresso machines until 2019. This research report segments the market by semi-automatic expresso machines and fully-automatic expresso machines. Market shares for Europe, North America, APAC, and ROW are included in this report. The leading vendors analyzed by this research report include Breville, DeLonghi, Krups, Nespresso, and Philips.
Technavio’s market research analysts estimate the global automatic espresso machines market to grow at a CAGR of 5.5% between 2015 and 2019. The main growth driver of the automatic espresso machines market is the increased consumption of coffee. The demand for automatic espresso machines is strong in Western European countries like Germany, Italy, and France, which are the largest consumers of coffee. Many more European countries such as Italy, Russia, and Ukraine are also expected to exhibit a higher demand for coffee related products during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the automatic espresso machines segments by technology.
“Vendors are coming up with innovative product offerings to ensure of giving good quality. They are using various digital technologies and are focusing towards offering customized coffee. Consumers can now control the froth as well as quantity of water to be used with the press of a button. Various espresso machines have self-cleaning features also. Vendors are ensuring more automated features along with superior product aesthetics to have an edge over competition,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
Fully-automatic espresso machines are the major revenue contributors to the global automatic espresso machines market, accounting for 55% of the overall market revenue. Rise in consumer preference for automation in kitchen appliances, vendors are capitalizing on the trend by offering highly automated espresso machines. With an increase in the cost of espresso coffee at QSRs (Quick Service Restaurants), consumers are increasingly switching to home-brewed alternatives, thus booming the expresso machines market.
The major vendors in the global automatic espresso machines market include Breville, DeLonghi, Krups, Nespresso, and Philips. There are very few players that dominate the market, and it presents significant potential for growth. Vendors are focusing on product innovations based on the needs of today’s customers. Superior marketing campaigns and an increase in online engagement are some key emerging trends that are expected to impact the market shares of the leading vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Global Automatic Espresso Machines Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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