Published Date : Apr 04, 2018
Albany, New York, Apr 4, 2018: MarketResearchReports.biz has recently announced the addition of a recent market research report covering the global market for fully automatic coffee machines to its portfolio. The comprehensive report, titled “Fully Automatic Coffee Machine Market - Global Industry Analysis and Opportunity Assessment 2017 – 2025,” offers a comprehensive forecast for the said market over the period between 2017 and 2025.
According to the report, the global fully automatic coffee machines market will expand at a 2.8% CAGR over the report’s forecast period in terms of value. Some of the key factors expected to work in favor of the market are the rising adoption of Western culture, a vast rise in the number of international and domestic coffee chains and outlets, and increasing popularity of coffee chains as regular hangout places among youngsters. The vast rise in the number of large and small workplaces across the globe owing to the swelling corporate sector is also expected to have a positive impact on the overall development of the global fully automatic coffee machines market.
The global market features a number of large-scale manufacturers of such coffee machines requiring only coffee beans, a water inlet, and a reliable source of power to operate. Majority of leading companies manufacturing and supplying fully automatic coffee machines globally are located in Europe.
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For presenting a detailed assessment of the market, the report segments it on the basis of criteria such as HoReCa type (foodservice outlet), price point, and geography. On the basis of HoReCa, the market has been examined for full service restaurant and quick service restaurant. According to the report, the market is likely to see promising growth across both these segments across the globe. Both the segments are expected to expand at a promising pace in the next few years owing to the increased popularity of the café culture, rapidly changing consumer preferences and habits regarding eating and drinking, rising disposable incomes across emerging economies, and a thriving tourism industry. This will, in effect, lead to the increased demand for fully automatic coffee machines.
Based on the criteria of price point, the market is segmented into machines that cost more than US$6,000, the ones costing between US$4,000 and US$6,000, machines in the range of US$2,000-US$4,000, and machines that cost less than US$2,000.
From a geographical standpoint, the report covers the fully automatic coffee machines market across regions such as Asia Pacific, Middle East and Africa, Europe, North America, and Latin America. It has been estimated that the markets in Asia Pacific, Latin America, and Middle East and Africa will be particularly lucrative as the number of fast food chains and cafes has increased significantly in response to the rising demand from the populations. The market in Europe is also expected to expand at a promising pace as the region houses some of the world’s leading manufacturers of fully automatic coffee machines.
Some of the leading players operating in the global fully automatic coffee machines market are Franke Holding AG, Bravilor Bonamat B.V., Rancilio Group S.p.A., Gruppo Cimbali SpA, Wilbur Curtis Co., BSH Home Appliances Corporation, Animo B.V., N&W Global Vending S.p.A., Eversys AG, De’Longhi Group, Bunn-o-matic Corp., Rex-Royal AG, Crem International AB, and JURA Elektroapparate AG.
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