Filter Coffee Machines Segment to Dominate Asia Pacific Coffee Machines Market during 2021-2028

According to a new market research study on “Asia Pacific Coffee Machines Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Category, End User and Country,” is expected to reach US$ 4,016.37 million by 2028 from US$ 2,765.94 million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific coffee machines market along with the drivers and restraints pertaining to the market growth. Incrementing demand amongst corporates and youth population and an upsurge in the popularity of caffeine are major factors driving the growth of the Asia Pacific coffee machines market. However, adverse effects associated with excessive consumption of caffeine hinder the growth of Asia Pacific coffee machines market.

In Asia Pacific, India witnessed an unprecedented rise in number of COVID-19 cases in 2020, which led to the discontinuation of manufacturing activities. In addition, decline in the overall brewing activities has led to the discontinuation of coffee machines manufacturing activities in Asia Pacific. The similar trend was witnessed in other Asia Pacific countries, such as Japan, China and Australia. However, with the economic activities regaining their pace, the coffee machine market in the region is likely to make up for this loss in 2021.

The market for Asia Pacific coffee machines is segmented into type, category, end-user and country. Based on type, the market is segmented into filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. The espresso coffee machines segment is expected to be the fastest growing segment over the forecast period. Based on category, the Asia Pacific coffee machines is divided into manual, and automatic & semi-automatic. The automatic & semi-automatic segment is expected to be the fastest growing segment over the forecast period.  Based on end-user, the market is segmented into residential, and non-residential. In 2020, the residential segment held the largest share in Asia Pacific coffee machines market. Based on country, the Asia Pacific coffee machines market is divided into Australia, China, India, Japan, South Korea and rest of Asia Pacific. In 2020, rest of Asia Pacific held the largest share in Asia Pacific coffee machines market. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific coffee machines market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for coffee machines.

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 are some of the leading companies in the Asia Pacific coffee machines market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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