The
vendor landscape of the global automatic coffee machine market
features an increasingly competitive nature, with companies focusing
on the development of products suitable for price-sensitive but
highly promising regional markets, observes Transparency Market
Research in a recent report. As the level of competition intensifies
in the global fully automatic coffee machine market, thanks to the
entry of several new players and the introduction of new product
varieties at a rapid pace, price wars among leading players are
becoming intense. To strengthen their positions, companies are likely
to place more focus on the improvement of the efficiency of their
value chains.
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Some
of the leading companies in the market are N&W Global Vending
S.p.A., Wilbur Curtis Co., Bravilor Bonamat B.V., Gruppo Cimbali SpA,
Group SEB, Rex-Royal AG, Crem International AB, and Franke Holding
AG.
According
to the report, revenue generated from the global fully automatic
coffee machine market valued at roughly US$4,288.6 mn in 2017. The
market is expected to expand at a CAGR of 2.8% over the forecast
period. Global Fully Automatic Coffee Machine market are expected to
be valued at approximately US$ 5,359.2 Mn by the end of 2025.
Asia
Pacific to Offer Highly Promising Growth Opportunities
On
the basis of HoReCa type, the fully automatic coffee machine market
has been examined for two broad segments, namely quick service
restaurants (QSRs) and full service restaurants (FSRs). Both segments
are likely to expand at a healthy pace over the forecast period.
The
market in Asia Pacific is likely to emerge as one of the most
promising regional markets for fully automatic coffee machines owing
to the rising expenditure on eating out and the rising numbers of
fine dining restaurants and fast food chains in the region.
Opportunities for fully automatic coffee machine market also abound
in the region owing to the rising disposable incomes, increased
adoption of Western consumption habits, and the high population of
youngsters.
Increased
Inclination of Global Population on Eating Out to Work in Favor of
Market
A
number of factors are spelling growth for the global
fully automated coffee machine, including the rising population
of millennials, rising disposable incomes, increased expenditure on
eating-out, and rising per capita food consumption across the globe.
Vast developments in the global foodservice industry, increase in the
number of a number of local and international coffee chains, and the
rising adoption of Western culture across emerging economies,
thriving international tourism industry, and the rising population of
youngsters are also driving the market.
Several
coffee shops and tea houses based on innovative ideas and boasting
alluring interiors, complete with wireless connectivity, provide
serene environment for socializing. Thus cafés are becoming regular
hangout places, witnessing rising footfall across all ages. As
sipping coffee at cafés increasingly becomes a part of everyday life
across several regions, the market for fully automatic coffee
machines is estimated to benefit.
Rising
Popularity of Instant Coffee to Hamper Market Growth
Some
of the restraints that are expected to potentially restrict the
overall growth of the global fully automatic coffee machine market is
the availability of other substitutes with fast food like cold drinks
and shakes and the high dependability on imports, which results in
higher prices. The market is also challenged due to the advent of new
technologies and the rising consumer inclination towards instant
coffee consumption. While these factors continue to plague the
development of the industry, the market could benefit from the
introduction of state-of the-art technology driven coffee machines.
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