Market Introduction
The Asia Pacific coffee machines market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. According to the International Coffee Organization (ICO), there are 25 million coffee farmers in 60 countries, including approximately 0.3 million in India. While coffee has traditionally been an export commodity in India, coffee planters are gaining popularity in the domestic market as well, which has aided the growth of automated coffee machine sales in the country. Thus, changing consumer lifestyles, increased urbanization, and rising disposable income, combined with the presence of key manufacturers, are propelling the expansion of the Asia Pacific coffee machine 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.
Market Overview and Dynamics
The coffee machines market in Asia Pacific is expected to grow from US$ 2,765.94 million in 2021 to US$ 4,016.37 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. Coffee is popular in Australia and the customers have a wide variety of coffee preferences. Businesses are expanding their market footprints by introducing new and innovative products in order to strengthen their market position. China's coffee culture has grown significantly, with Beijing and Shanghai showing a preference for the fast-paced cosmopolitan lifestyle. The increasing number of coffee shops along China's densely populated streets presents appealing opportunities for automatic coffee machine sales. Also, the expansion of corporate infrastructure, as well as the increase in cafe outlets, is creating significant growth opportunities. Increased urbanization and the rapid development of IT parks in India are expected to boost coffee consumption. Due to the growing popularity of coffee as a western beverage, numerous multinational coffee companies, such as Starbucks, are focusing their efforts on the strategic development of their outlets. As a result, the rising popularity of foreign cafe brands is expected to fuel demand for automated coffee machines in the near future. Furthermore, the convenience of automated coffee machines, combined with the consistency of brewing, has swayed the middle-class population towards automatic coffee machines.
Key Market Segments
Based on type, the filter coffee machines segment accounted for the largest share of the Asia Pacific coffee machines market in 2020. Based on category, the manual segment accounted for the largest share of the Asia Pacific coffee machines market in 2020. Based on end-user, the residential segment accounted for the largest share of the Asia Pacific coffee machines market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific coffee machines market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include 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.
Reasons to buy report
Asia Pacific Coffee Machines Market Segmentation
Asia Pacific Coffee Machines Market -By Type
Asia Pacific Coffee Machines Market -By Category
Asia Pacific Coffee Machines Market -By End-User
Asia Pacific Coffee Machines Market – By Country
Asia Pacific Coffee Machines Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,765.94 Million |
| Market Size by 2028 | US$ 4,016.37 Million |
| CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Coffee Machines Market is valued at US$ 2,765.94 Million in 2021, it is projected to reach US$ 4,016.37 Million by 2028.
As per our report Asia Pacific Coffee Machines Market, the market size is valued at US$ 2,765.94 Million in 2021, projecting it to reach US$ 4,016.37 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Asia Pacific Coffee Machines Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Coffee Machines Market report:
The Asia Pacific Coffee Machines Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Coffee Machines Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Coffee Machines Market value chain can benefit from the information contained in a comprehensive market report.
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