Global Coffee Machines Market Research Report , 2014 2024 - TechSci Research

1. PUBLISHED : June 2019 • 2014 – 2024 • GLOBAL COFFEE MACHINES MARKET • Forecast & Opportunities MARKET INTELLIGENCE . CONSULTING www.techscireserach.com

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11. Scope of Report Product of Interest (POI): Coffee Machine Coffee Machine or Coffee Maker is a kitchen appliance used to brew coffee. Coffee machine extracts coffee from the roasted and ground beans of a coffee plant using a method of percolation, decoction or infusion. Coffee Machine can be broadly categorized into Espresso Coffee Machine, Filter/Drip Coffee Machine and Pod/Capsule Coffee Machine. Espresso coffee machine works by heating water quickly to the right temperature before forcing it at high pressure through a metal vessel containing ground coffee (semi-automatic) or coffee beans (bean to cup or fully-automatic). Filter coffee machine brews coffee by slowly pouring hot water through crushed coffee beans in a coffee filter. Pod coffee machine, also called single serve coffee machine, uses disposable plastic pods, that are as easy and convenient as teabags, to brew coffee. Coffee pods contain pre-packaged ground coffee beans in their own filter. Residential and Commercial segments are the major end users of coffee machine. Market Segmentation Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 PRODUCT TYPE End User Year Range Coffee Machines Market • Espresso Coffee Machine • Filter/ Drip Coffee Machine • Pod/ Capsule Coffee Machine • Residential • Commercial REGIONS • North America • Europe • Asia-Pacific • South America • Middle East & Africa

12. Research Methodology Various aspects of the market were comprehensively monitored and analyzed by the team of industry experts. TechSci Research also identified and analyzed trends, drivers and challenges in the global coffee machines market. The analyzed information was then presented in a chronological order to depict a meaningful and clear picture of global coffee machines market. It should be noted that we have collected information related to the organized market only and all parameters are related to that including market shares. Information regarding global coffee machines market was gathered through primary research interviews with manufacturers, retailers and distributors present across the globe, followed by exhaustive secondary research. All collected information was then validated through multiple sources and data warehouses in order to present the most accurate and precise information about global coffee machines market. Analysis Presentation Research Evaluation & Validation

13. Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global coffee machines market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing disposable income in developing countries, etc., and hence, rising demand for modern kitchen appliances, booming HoReCa sector and growing coffee culture. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global coffee machines market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary interviews with various key opinion leaders/stakeholders, such as manufacturers and distributors. The team interviewed more than 10 manufacturers/suppliers, 125 distributors/sub-distributors and 10 industry experts in global coffee machines market to obtain the overall market size during 2014-2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2014-2018. Respondents were asked about the current and future market growth rates, market shares by product type, by end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and product wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the segments of coffee machines market. Research Methodology

14. Methodology Followed for Calculation of Market Shares: Market shares by product type, by end user, by region and by company were calculated based on the responses received through primary interviews with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the interviews with logic checks and analyzed the interview results in SPSS/Tableau Software. Factors influencing the growth of the market such as rising trend of social gatherings among millennials in cafés and restaurants, increasing preferences of business meetings in cafés and growing inclination towards technologically advanced appliances, and, thus, rising demand for espresso coffee machines, have been taken into consideration for forecasting the market. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast coffee machines market, TechSci Research used various forecast techniques such as: Moving Average: Calculation to analyze data points by creating a series of average of different subsets of the full data set. It is also called a moving mean or rolling mean and is a type of finite impulse response filter. Time Series Analysis: Time series analysis is a statistical technique that deals with time series data, or trend analysis. Regression Analysis: Regression analysis is a set of statistical processes for estimating the relationships among variables. Econometric and Judgmental Analysis: Methods incorporate intuitive judgement, opinions and subjective probability estimates. Research Methodology

15. TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze the market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. Research Methodology

16. INDUSTRY BRIEF According to TechSci Research report, “Global Coffee Machines Market By Product Type, By End User, By Region, Competition, Forecast & Opportunities, 2024”, the global coffee machines market is projected to cross $17 billion by 2024, on the back of rapid urbanization, increasing young and dynamic population, which prioritizes convenience and comfort, along with rising coffee culture worldwide. Moreover, growing trend of organizing business meetings in cafés coupled with increasing market penetration of prominent players involved in manufacturing coffee machines in developing countries are other significant factors expected to positively influence the growth of coffee machines market in near future.However, limited government regulations in developing countries that cover electric kitchen appliances, leading to increase in trade of false/imitation products in the market, may hamper the growth of coffee machines market during the forecast period. The global coffee machines market is categorized into three major product types, namely Drip/Filter Coffee Machines, Espresso Coffee Machines and Pod/Capsule Coffee Machines. Espresso coffee machines accounted for majority of value share of the global market for coffee machines in 2018 owing to high product preference for commercial use and continuous product innovations in the category. In terms of region, the global coffee machines market is categorized into North America, Asia-Pacific, Europe, Middle East & Africa and South America. The market for coffee machines in Europe region was the largest in 2018, in terms of value, followed by North America and Asia-Pacific. The growth of European market for coffee machines can be majorly attributed to presence of major manufacturers in the region and availability of a variety of products. Germany, Italy & Switzerland account for over two-thirds of world professional espresso machines’ production, particularly of high price range. High purchasing power of European consumers and rising demand for fully automatic espresso machines in commercial sector is driving coffee machines market in the region. In 2018, among the countries, the United States coffee machines market accounted for the largest value share in the global coffee machines market. The country is expected to maintain its dominance throughout the forecast period due to wide acceptance of technologically advanced products and robust distribution channel of major industry players across the country. The global coffee machines market is fragmented with top five market players accounting for less than 35% of value share in the market. Some of the major players operating in global coffee machines market are De’Longhi S.p.A, Groupe SEB, LUIGI LAVAZZA S.p.A., Koninklijke Philips N.V, JURA Elektroapparate AG, Morphy Richards, BSH Home Appliances, Keurig Dr Pepper Inc., Rancilio Group S.p.A., Nestlé S.A., among others. “Global coffee machines market is anticipated to register a steady growth over the course of next five years. Constant product innovations and integration of technology in residential as well as commercial coffee machines are the major factors driving the global market. Moreover, rising trend of providing customizable coffee machines and expanding distribution channel of major market manufacturers have gradually increased the customer base for coffee machines, thereby having a positive impact on product penetration across the globe.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

17. SAMPLE DATA - SNAPSHOT Global Coffee Machines Market Share, By Company, By Value, 2018 Global Coffee Machines Market Size, By Value, 2014, 2018, 2019E & 2024F (USD Million) CAGR 2014-2018 xx% CAGR 2019E-2024F xx% Europe Coffee Machines Market Share, By End User, By Value, 2014 - 2024F

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