Europe Coffee Machines Market
The Europe coffee machines market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Players operating in the coffee machine market in Europe are launching new and innovative products to meet the requirements of consumers in the region. In April 2019, Electrolux, a Europe leader in home appliances, acquired Unic for an undisclosed amount. Through this acquisition, the Unic can be able to expand their product offering and accelerate international growth within the coffee espresso segment, a significant and fast-growing part of the foodservice business. Moreover, in 2019, companies such as Smarter Applications delivered smart coffee makers with Wi-Fi connectivity that can be regulated via a smartphone. Therefore, smart coffee machines with Bluetooth or Wi-Fi connectivity is expected to continue this trend in the coffee machines market. Thus, such innovations are boosting the coffee machine market in Europe.
In Europe, Russia witnessed an unprecedented rise in number of COVID-19 cases, which led to the discontinuation of coffee machines manufacturing activities. Downfall of other consumer goods manufacturing sectors has negatively impacted the demand for coffee machines during the early months of 2020. Moreover, decline in the overall brewing activities has led to discontinuation of coffee machines manufacturing projects, thereby reducing the demand for coffee machines. Similar trend was witnessed in other Europe countries, such as France, UK, Spain, Italy and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Strategic insights for the Europe Coffee Machines provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4,820.06 Million |
| Market Size by 2028 | US$ 6,179.04 Million |
| Global CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Coffee Machines refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The coffee machines market in Europe is expected to grow from US$ 4,820.06 million in 2021 to US$ 6,179.04 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. Smart coffee machines are innovated with Bluetooth, or Wi-Fi connectivity are key development driving the growth of the coffee machines market. Smartphones can be used to control smart coffee machines, allowing users to monitor them from anywhere in the home and transmit commands. Most coffee machines come with software that can customize brew parameters and schedule brew times. For instance, in 2019, smart coffee machines with Wi-Fi connectivity that can be controlled through a smartphone were supplied by businesses like Jarden Customer Solutions and Smarter Applications. As a result, smart coffee machines that are linked through Bluetooth or Wi-Fi are likely to be in demand. In April 2019, Electrolux, a leader in home appliances, acquired Unic, a French-based company, an expert in manufacturing professional espresso machines, for an undisclosed amount. Through this acquisition, the Unic is able to expand its product offering and accelerate international growth within the coffee espresso segment, a significant and fast-growing part of the food service business.
Based on type, the filter coffee machines segment accounted for the largest share of the Europe coffee machines market in 2020. Based on category, the automatic and semi-automatic segment accounted for the largest share of the Europe coffee machines market in 2020. Based on end-user, the residential segment accounted for the largest share of the Europe coffee machines market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe coffee machines market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.p.A.; Koninklijke Philips N.V; Krups Gmbh (Groupe SEB); Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.p.A.
The Europe Coffee Machines Market is valued at US$ 4,820.06 Million in 2021, it is projected to reach US$ 6,179.04 Million by 2028.
As per our report Europe Coffee Machines Market, the market size is valued at US$ 4,820.06 Million in 2021, projecting it to reach US$ 6,179.04 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe Coffee Machines Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Coffee Machines Market report:
The Europe Coffee Machines Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Coffee Machines Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Coffee Machines Market value chain can benefit from the information contained in a comprehensive market report.
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