LONDON--(BUSINESS WIRE)--Technavio has been monitoring the smart coffee maker market and it is poised to grow by USD 340.40 million during 2020-2024, progressing at a CAGR of over 13% 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 rate is the market projected to grow?
- Growing at a CAGR of over 13%, the incremental growth of the market is anticipated to be USD 340.40 million during the forecast period.
- Who are the top players in the market?
- Behmor Inc., Gourmia Inc., Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Newell Brands Inc., Robert Bosch GmbH, and SMARTER APPLICATIONS Ltd. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing market for automatic coffee brewing machines and increase in adoption of smart homes and smart appliances are the major factors driving the market. However, app interface issues and the absence of user-friendly layouts restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Behmor Inc., Gourmia Inc., Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Newell Brands Inc., Robert Bosch GmbH, and SMARTER APPLICATIONS Ltd. are some of the major market participants. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Smart Coffee Maker Market 2020-2024: Segmentation
Smart Coffee Maker Market is segmented as below:
- Technology
- W-Fi
- Bluetooth
- Geography
- North America
- Europe
- APAC
- MEA
- South America
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Smart Coffee Maker 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. The smart coffee maker market report covers the following areas:
- Smart Coffee Maker Market Size
- Smart Coffee Maker Market Trends
- Smart Coffee Maker Market Analysis
This study identifies an increase in the adoption of smart homes and smart appliances as one of the prime reasons driving the smart coffee maker market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Coffee Maker Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart coffee maker market growth during the next five years
- Estimation of the smart coffee maker market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart coffee maker market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart coffee maker market vendors
Table of Contents:
Executive Summary
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
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Wi-Fi - Market size and forecast 2019-2024
- Bluetooth - Market size and forecast 2019-2024
- Market opportunity by Technology
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
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
Volume Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Behmor Inc.
- De' Longhi Appliances Srl
- Gourmia Inc.
- Hamilton Beach Brands Holding Co.
- JURA Elektroapparate AG
- Koninklijke Philips NV
- Nestle SA
- Newell Brands Inc.
- Robert Bosch GmbH
- SMARTER APPLICATIONS Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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August 21, 2020 at 09:45PM
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Smart Coffee Maker Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Growing Market for Automatic Coffee Brewing Machines to boost the Market Growth | Technavio - Business Wire
"smart" - Google News
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