New York, US, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Coffee Machines Market Information by Type, Category, End-Use, and Region - Forecast till 2027”, the market is estimated to acquire a size of over USD 11,950.1 Million by the end of 2027. The report further predicts the market to thrive at a healthy CAGR of over 4.60% during the review timeframe.
Market Scope:
To make coffee, most people use coffee machines, which are electric, mechanized brewing systems. A variety of non-electric coffee-making tools were in use before the widespread adoption of electricity. There are a wide variety of coffee machines on the market today, suitable for either home or commercial use. Metal or plastic casings are common for these coffee makers. There are numerous coffee makers on the market, but the two most popular brewing methods involve forcing hot water through coffee grinds rather than relying on gravity. Having a coffee machine at home has grown increasingly popular as a way to save money and as a fashion statement. Most restaurants and other food service establishments have commercial coffee machines that are on all the time. Even if your home coffee machine only lasts a couple of years under constant usage, it's probably not too expensive to replace.
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Report Scope:
| Report Attribute | Details |
| 2027 Market Size | USD 11,950.1 Million |
| CAGR | 4.60% (2020–2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Category, End-Use, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rising coffee consumption in emerging economies |
| Growth of the food service industry |
Competitive Dynamics:
Assumed companies are heavily focused on capturing higher offers internationally, supported by methods like product developments and important investing on R&D activities to concoct innovative products. Given these developments, competition between espresso machine manufacturers is expected to heat up in the years to come.
Key players of the market are:
- Keurig Green Mountain Inc. (U.S.)
- Panasonic Corporation (Japan)
- Nestlé S.A. (Switzerland)
- Newell Brands (U.S.)
- De'Longhi Group (Italy)
- Electrolux AB (Sweden)
- Melitta (Germany)
- Morphy Richards (U.K.)
- Koninklijke Philips N.V. (Netherlands)
- Hamilton Beach Brands Inc. (U.S.)
- Illycaffè S.P.A. (Italy)
- Robert Bosch GmbH (Germany)
- Simonelli Group S.P.A. Italy)
- Krups (Germany)
- JURA Elektroapparate AG (Switzerland)
- La Cimbali (Italy)
- Zojirushi America Corporation (Japan)
- Luigi Lavazza S.p.A. (Italy)
- Schaerer Ltd (Switzerland)
Market USP:
Market Drivers
Growth in the packaging and labeling sector is expected to be the primary factor in the global stone paper market during the forecast period. Stone paper industry expansion is being fueled by the expanding e-commerce and organized retail sectors. Simply put, it expands the possibilities of packing, which in turn stimulates economic expansion. In addition, the worldwide stone paper market is expanding because of the introduction of new products and the increasing investments in development and research efforts aimed at enhancing manufacturing techniques.
During the assessment period, the global Stone Paper Market is expected to be driven by the expanding e-commerce and organized retail sectors. The industry is expected to expand thanks to rising research and investment in technologies that will enhance production processes. In addition, the growing need for particular papers in the packaging and labeling industries is anticipated to create substantial potential in the worldwide Stone Paper market.
There are expected to be many profitable expansion prospects in the worldwide stone paper market as a result of the need to produce paper without destroying forests. The importance of chemical- and water-free paper products is beginning to gain more attention. Customers in the metro advertising and decoration businesses favor stone paper due to its resistance to water.
Browse In-depth Market Research Report (111 Pages) on Coffee Machines: https://www.marketresearchfuture.com/reports/coffee-machines-market-8411
Market Restraints
However, governments' strict control of different mining activities worldwide may limit the global market's expansion. Financial statement completion could present difficulties for market participants. Another factor that is expected to slow the growth of the global stone paper market is the prevalence of viable alternatives.
COVID-19 Analysis:
Customers, businesses, and communities will feel the effects of a drop in demand for packaging and paper products owing to the global epidemic of covid 19. Stone paper market revenue and manufacturing could take a hit as consumers cut back on spending during the current economic downturn. Supply chain disruptions occurred as a result of the temporary halt in manufacturing across several countries due to the epidemic. And because factories had trouble adjusting their processes to accommodate the new social distance rules, the whole thing slowed down and became more prone to interruptions.
Market Segmentation:
On the basis of material
The calcium carbonate segment is expected to record the highest growth over the review period.
On the basis of application
The packaging paper segment is poised to rise at a considerable CAGR over the review period.
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Regional Analysis:
In light of North America's technological lead, the area is expected to expand rapidly over the projected period. Rising product demand in the Americas may be traced back to the region's burgeoning R&D sector, which is working to create environmentally friendly products with cutting-edge functions. High-quality packaging materials are in high demand, and this is thought to be due in large part to this necessity.
Conversely, increased demand for packaging applications in emerging countries of Europe like Germany and Russia has led analysts to predict that Europe will hold the second-largest share of the market, behind only North America. Germany, the United Kingdom, Italy, and France all have well-established paper and packaging material manufacturing industries, which should increase demand for stone paper in the coming years. The increasing use of non-wooden materials and plastic substitutes by several producers is expected to fuel the growth of the stone paper market.
Due to rising consumer interest in eco-friendly packaging and the region's ready access to raw materials, the Asia-Pacific is predicted to post substantial volume growth in the coming years. The Asia-Pacific region is a driving force in the worldwide stone paper market, thanks in large part to the abundance of manufacturers in the region and the low cost of production. The product's low environmental effect is a contributing factor to its success, as it cuts down on the needless consumption of water and emissions of carbon dioxide and forest clearing.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
