Fact.MR has compiled a new research on the coffee machine market and published a report titled, "Coffee Machine Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2018 to 2027." The coffee machine market report provides a comprehensive outlook of the coffee machine market for the historical period 2013-2017 and forecast period 2018-2027. The coffee machine market analysis is backed by a thorough assessment of associated industries, market drivers, opportunities, challenges and trends prevailing in the coffee machine marketplace.
Coffee machine is an electrical appliance which is used to brew coffee. A different types of coffee machines working on different brewing principles are available in the market. Coffee ingredients are added separately in the coffee machine which are then processed in the machine to make ready brewed coffee.
Global coffee machine sales are likely to reach 58,675 thousand units in 2019, growing at over 4% over 2018, according to a Fact.MR study. As coffee machines gain prominence in traditional as well as non-traditional coffee drinking markets, the growth trajectory of the market will witness a steady rise.
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The Fact.MR report tracks the coffee machine market for the period 2018-2027. According to the report, the coffee machine market is projected to grow at 4.6% CAGR through 2027.
Demand Trends in Coffee Machine Market Differ among Tier 1 and Tier 2 Cities
While coffee machine plays a crucial role in the coffee shop industry, adoption trends of different types of coffee machines differ according to the location of the café. Coffee shops make their own coffee machine selection across cities. For instance, in Tier 1 cities, famous brands of coffee shops prefer high priced premium coffee machine brands.
On the other hand, coffee shops in Tier 2 cities, with their tight budget cannot afford coffee machines whose prices are comparable to the capital investment involved in shop opening. The differing levels of adoption lead to variable purchase prices of coffee machines across cities.
Growing fast food demand and evolving needs of of time-pressed consumers have led to an impressive growth of F&B chains in major world countries. The growth is further fuelled by mushrooming of convenience stores, fast food chains and bakeries. In particular, convenient stores are the prime destinations of coffee purchase among coffee lovers.
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The coffee machine market is thoroughly studied for the demand trends and potential opportunities in the industry landscape. Based on the comprehensive analysis, the coffee machine market is segmented in the most viable categories to derive an all-inclusive outlook of the coffee machine market.
The coffee machine market is segmented on the basis of product type, technology, end-use and sales channel. Based on product type, the coffee machine market is segmented in capsule, drip and steam. Based on technology, the coffee machine market is categorized in manual, semi-automatic and automatic coffee machines.
The coffee machine market is segmented based on sales channel wherein coffee machine distribution through retail sales, direct sales and online sales is analyzed. Based on end use, the coffee machine market is segmented in hotel, restaurant, café, institutional and residential.
The coffee machine market analysis is also carried out for key business regions including North America, Latin America, Europe, Japan, APEJ and MEA. Regional analysis is backed by a thorough country-wise analysis.
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Increasing Number of F&B Chains Present Lucrative Opportunities for Coffee Machine Market
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