In the world economic growth, the Espresso Machines Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Espresso Machines market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Espresso Machines market size will be further expanded, we expect that by 2024, The market size of the Espresso Machines will reach XXX million $.
An espresso machine is used to brew coffee. The machine forces pressurized water near boiling point through a "puck" of ground coffee, which is filtered in the form of a thick, concentrated coffee called espresso.
Increasing consumption of coffee is a major factor propelling growth of the global espresso machines market over the forecast period. For instance, in September 2019, McDonald’s India reported sale of 10 million cups of coffee since its launch in October 2013. Moreover, according to the U.S. Department of Agriculture’s Agricultural Statistics 2018, per capita consumption of coffee increased from 9.6 in 2011 to 10.2 in 2015.
Increasing production of cocoa in emerging economies is expected to boost growth of the global espresso machines market. For instance, according to the U.S. DA’s August 2019 report, around 250,000 farmers grow cacao in Guatemala. Moreover, significant growth in the hospitality sector and increasing number of cafes is also expected to aid in growth of the market. For instance, according to India Brand Equity Foundation, the tourism and hospitality industry in India is expected to reach US$ 488 billion by 2029. Moreover, according to Allegra World Coffee Portal’s 2019 stats, the U.S. coffee shop industry includes more than 35,500 stores with combined annual sales of about US$ 45 billion.
Major players in the market are focused on adoption online distribution channels to enhance their market share. For instance, in February 2019, Rancilio Group launched Ranciliospecialty.com, a new website for the Rancilio Specialty brand. Moreover, in July 2019, the company launched Rancilio Specialty in Korea.
Major players in the market are also focused on expanding their production capacity. For instance, in February 2020, De’Longhi Appliances acquired a production plant in Romania in Madaras, Bihor County.
Major players in the market are focused on adopting various marketing strategies to expand their customer base. For instance, in September 2018, Astoria presented at the PIR Moscow Expo 2018 and launched the new Storm coffee machine in the Russian market.
Key Takeaways:
- Increasing consumption of coffee is a major factor propelling growth of the global espresso machines market over the forecast period
- Increasing production of cocoa in emerging economies is also expected to boost growth of the market
- Major players operating in the global espresso machines market include, Breville Group, BUNN, CMA MACCHINE PER CAFFÈ, Dalla Corte, De’Longhi Appliances, Elektra, G. BEZZERA, GAGGIA, Grindmaster-Cecilware, Gruppo Cimbali, Hamilton Beach Brands, JURA Elektroapparate, Keurig Green Mountain, KRUPS USA, La Marzocco International, La Pavoni, Melitta Professional Coffee Solutions, Nestlé Nespresso, NUOVA DISTRIBUTION USA, RANCILIO GROUP, Rocket Espresso Milano, SaGa Coffee, and Sunbeam Products
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
✑ DeLonghi
✑ Jura
✑ Philips (Saeco)
✑ Melitta
✑ La Marzocco
✑ Nespresso
✑ Ali Group (Rancilio)
✑ Gruppo Cimbali
✑ Nuova Simonelli
✑ Panasonic
✑ Illy
✑ Bosch
✑ Mr. Coffee
✑ Simens
✑ Hamilton Beach
✑ Krups (Groupe SEB)
✑ Dalla Corte
✑ La Pavoni
✑ Breville
Section 4: Region Segmentation
✑ North America Country (United States, Canada)
✑ South America
✑ Asia Country (China, Japan, India, Korea)
✑ Europe Country (Germany, UK, France, Italy)
✑ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
✑ Manually & Semi-automatic
✑ Fully-automatic
Industry Segmentation:
✑ Individual & Household
✑ Commercial
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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