COVID-19 Impact: Automatic Espresso Machines Market Will Accelerate at a CAGR of Almost 7% Through 2020-2024 | New Product Development and Innovation to Boost Growth | Technavio

Technavio has been monitoring the automatic espresso machines market and it is poised to grow by USD 1.04 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

• At what CAGR is the market projected to grow during the forecast period 2020-2024?
• Growing at a CAGR of almost 7%, the market growth will accelerate during the forecast period of 2020-2024.

• What is the key factor driving the market?

• New product development and innovation are among the key factors driving market growth.

• What are the top players in the market?

• Breville Group Ltd., De'Longhi Spa, FRANKE Holding AG, Groupe SEB, Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Robert Bosch GmbH, and Smeg Spa. are some of the major market participants.

• Which region is expected to hold the highest market share in the market?

• Europe

• What is the major trend of the market?

• Availability of portable espresso machines is a major growth factor for the market.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Breville Group Ltd., De'Longhi Spa, FRANKE Holding AG, Groupe SEB, Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Robert Bosch GmbH, and Smeg Spa are some of the major market participants. New product development and innovation will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.

Automatic Espresso Machines Market 2020-2024: Segmentation

Automatic Espresso Machines Market is segmented as below:

• Product
  • Fully Automatic
  • Semi-automatic
• Geographic Landscape
  • Europe
  • North America
  • APAC
  • South America
  • MEA

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Automatic Espresso Machines Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automatic espresso machines market report covers the following areas:

• Automatic Espresso Machines Market size
• Automatic Espresso Machines Market trends
• Automatic Espresso Machines Market analysis

This study identifies availability of portable espresso machines as one of the prime reasons driving the automatic espresso machines market growth during the next few years.

Automatic Espresso Machines Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the automatic espresso machines market, including some of the vendors such as Breville Group Ltd., De'Longhi Spa, FRANKE Holding AG, Groupe SEB, Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Robert Bosch GmbH, and Smeg Spa. Backed with competitive intelligence and benchmarking, our research reports on the automatic espresso machines market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Automatic Espresso Machines Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automatic espresso machines market growth during the next five years
• Estimation of the automatic espresso machines market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automatic espresso machines market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automatic espresso machines market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Fully automatic - Market size and forecast 2019-2024
• Semi-automatic - Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Breville Group Ltd.
• De'Longhi Spa
• FRANKE Holding AG
• Groupe SEB
• Hamilton Beach Brands Holding Co.
• JURA Elektroapparate AG
• Koninklijke Philips NV
• Nestle SA
• Robert Bosch GmbH
• Smeg Spa

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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