Published Date : Feb 06, 2017
Albany, NY, Feb 06, 2017: The report titled “Global Smart Coffee Maker Market 2017-2021” provides a detailed insight into the current market scenario, emerging technological trends, competitive landscape, and an in-depth profile of market players. Analyzing key market dynamics, the research study provides a detailed segmentation, the market share and size of various segments, and growth prospects of various industry players. The research report highlights the key strategies adopted by players to strengthen and expand their market presence.
The global smart coffee maker market is primarily driven by the convenience of remote access and enhanced customization features in coffee brewing machines. The market is forecast to expand at a CAGR of 38.81% during the period 2017-2021. To calculate the market size, the report considers the revenue generated from the aggregate sale of smart coffee maker appliances by global vendors.
The increasing demand for automation in coffee brewing machines and remote access convenience through the internet—mainly through Wi-Fi and Bluetooth connectivity—are key factors expected to significantly boost the demand throughout the forecast period. Coupled with this, innovation in brewing technology and design of coffee brewing machines is a crucial development anticipated to drive the growth of the global smart coffee maker market. In addition, wide customization options for consumers and high adoption of smart home appliances that are eco-friendly will spur the demand for smart coffee makers.
However, connectivity concerns in smartphone-enabled app interfaces, along with less intuitive layouts of the gadgets, are factors likely to impede the market growth. In addition, lack of product differentiation on the part of manufacturers and less-than-expected performance of these coffee machines cumulatively retard the adoption rate of smart coffee makers.
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In the coming years, the global smart coffee maker market is poised to witness exciting growth opportunities, contend analysts. The developments in the market will be driven by newer technology trends in smart home appliances, which leads to superior performance of coffee brewing machines. Manufacturers of smart coffee machines are collaborating with technology companies to include various automation features, a prominent trend expected to stimulate the demand for smart coffee makers worldwide. The report reports highlights these developments and their projected impact on the competitive dynamics of the market.
The study clearly outlines the changing dynamics in the vendor landscape by taking a closer look at their offerings; the measures adopted by them to augment the adoption of smart coffee brewing machines are analyzed as well. Major regions covered in the report are the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA); the factors driving consumer demand in the U.S., Germany, and the U.K. are elaborately analyzed in the research study.
Prominent players in the global smart coffee maker market include Behmor, Jarden Consumer Solutions, Nestl Nespresso, Koninklijke Philips, Smarter Applications Ltd., and Auroma Brewing Company.
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