Market Introduction
The Europe 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. Players operating in the coffee machine market in Europe are launching new and innovative products to meet the requirements of consumers in the region. In April 2019, Electrolux, a Europe leader in home appliances, acquired Unic for an undisclosed amount. Through this acquisition, the Unic can be able to expand their product offering and accelerate international growth within the coffee espresso segment, a significant and fast-growing part of the foodservice business. Moreover, in 2019, companies such as Smarter Applications delivered smart coffee makers with Wi-Fi connectivity that can be regulated via a smartphone. Therefore, smart coffee machines with Bluetooth or Wi-Fi connectivity is expected to continue this trend in the coffee machines market. Thus, such innovations are boosting the coffee machine market in Europe.
In Europe, Russia witnessed an unprecedented rise in number of COVID-19 cases, which led to the discontinuation of coffee machines manufacturing activities. Downfall of other consumer goods manufacturing sectors has negatively impacted the demand for coffee machines during the early months of 2020. Moreover, decline in the overall brewing activities has led to discontinuation of coffee machines manufacturing projects, thereby reducing the demand for coffee machines. Similar trend was witnessed in other Europe countries, such as France, UK, Spain, Italy and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Market Overview and Dynamics
The coffee machines market in Europe is expected to grow from US$ 4,820.06 million in 2021 to US$ 6,179.04 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. Smart coffee machines are innovated with Bluetooth, or Wi-Fi connectivity are key development driving the growth of the coffee machines market. Smartphones can be used to control smart coffee machines, allowing users to monitor them from anywhere in the home and transmit commands. Most coffee machines come with software that can customize brew parameters and schedule brew times. For instance, in 2019, smart coffee machines with Wi-Fi connectivity that can be controlled through a smartphone were supplied by businesses like Jarden Customer Solutions and Smarter Applications. As a result, smart coffee machines that are linked through Bluetooth or Wi-Fi are likely to be in demand. In April 2019, Electrolux, a leader in home appliances, acquired Unic, a French-based company, an expert in manufacturing professional espresso machines, for an undisclosed amount. Through this acquisition, the Unic is able to expand its product offering and accelerate international growth within the coffee espresso segment, a significant and fast-growing part of the food service business.
Key Market Segments
Based on type, the filter coffee machines segment accounted for the largest share of the Europe coffee machines market in 2020. Based on category, the automatic and semi-automatic segment accounted for the largest share of the Europe coffee machines market in 2020. Based on end-user, the residential segment accounted for the largest share of the Europe 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 Europe 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
Europe Coffee Machines Market Segmentation
Europe Coffee Machines Market -By Type
Europe Coffee Machines Market -By Category
Europe Coffee Machines Market -By End-User
Europe Coffee Machines Market – By Country
Europe Coffee Machines Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4,820.06 Million |
| Market Size by 2028 | US$ 6,179.04 Million |
| CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Coffee Machines Market is valued at US$ 4,820.06 Million in 2021, it is projected to reach US$ 6,179.04 Million by 2028.
As per our report Europe Coffee Machines Market, the market size is valued at US$ 4,820.06 Million in 2021, projecting it to reach US$ 6,179.04 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe 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 Europe Coffee Machines Market report:
The Europe Coffee Machines Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Coffee Machines Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Coffee Machines Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Coffee Machines Market
