Dublin, April 04, 2022 (GLOBE NEWSWIRE) -- The "Coffee Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Category, and End-User" report has been added to ResearchAndMarkets.com's offering.
The coffee machines market was valued at US$ 15,340.75 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2020 to 2028.
Coffee machines are available in various sizes and shapes as well as in different type of models, which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. This has played an important role in increasing its demand. In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel segment growth.
Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. The filter coffee machine segment held the largest share of the market in 2020.
Key Market Dynamics
Market Drivers
- Increasing Demand from the Corporate World and Youth Population
- Growing Popularity of Caffeine
Market Restraints
- Adverse Effects of Excessive Consumption of Caffeine
Market Opportunities
- Technological Advancements in Coffee Machine
Future Trends
- Rising Number of High Rated Coffee Shops and Market Consolidation
Company Profiles
- Keurig Green Mountain, Inc.
- Robert Bosch Gmbh
- Electrolux Ab.
- Illycaffe S.P.A.
- Koninklijke Philips N.V.
- Krups Gmbh
- Morphy Richards
- Nestle S.A.
- Panasonic Corporation
- Luigi Lavazza S.P.A.
For more information about this report visit https://www.researchandmarkets.com/r/swt57n
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