LONDON--(BUSINESS WIRE)--The automatic espresso machines market will witness an incremental growth of USD 1.04 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
Get Free Automatic Espresso Machines Market 2020-2024 Sample!
COVID-19 Highlights
- Consumer Discretionary industry will have Negative impact due to the pandemic
- Automatic espresso machines market is expected to witness Negative growth during 2020-2024
- Consumer Discretionary Industry will witness Indirect impact during the forecast period
- Automatic espresso machines market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This automatic espresso machines market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed automatic espresso machines market insights here: https://www.technavio.com/report/automatic espresso machines market-industry-analysis
Key Automatic Espresso Machines Market Research Findings
- A CAGR of almost 7% is expected to be recorded in automatic espresso machines market during 2020-2024
- Fully automatic espresso machines will hold the largest share. Factors such as multitasking and minimal human intervention without compromising on the quality of the brewed coffee will contribute to the growth of this industry segment in the coming years.
- Europe will account for the highest incremental growth. The high purchasing power of customers will significantly influence automatic espresso machines market growth in this region.
- New product development and innovation will boost the automatic espresso machines market growth
- The availability of portable espresso machines will have a positive impact on the automatic espresso machines market
- Safety issues are likely to create hindrance for the automatic espresso machines market
For accessing Technavio’s key findings about drivers, restraints, and opportunities shaping markets and industries toward an economic bounce back,
Sign up for 14- Day Free Trial of Technavio’s Subscription Platform
Automatic Espresso Machines Market Vendor Participation Scenario
- Market is Concentrated
- Several leading companies in the market are focusing on restoring their economic activity
- Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.
- Prominent automatic espresso machines market players are : 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.
With more companies navigating the pandemic gradually, this research analysis can be personalized to create a recovery path for the market participants. Try out our $1000 Worth Free Report Customization by Speaking to our Analyst or Industry Expert
Key Considerations for Market Forecast
- Products and services used to manage or contain the spread of COVID-19 virus
- Products and services used for the treatment of COVID-19 virus
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- and post-COVID 19 market estimates
- Quarterly impact analysis as the spread reaches global level and updates on market estimates
Request for a FREE Sample on the Impact of COVID-19
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
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.
