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Smart Coffee Maker Market by Technology, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR43405
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The smart coffee maker market size is expected to grow by USD 340.40 million and record a CAGR of 13.27% during 2020-2024.

This post-pandemic smart coffee maker market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this smart coffee maker market analysis report, key drivers such as growing market for automatic coffee brewing machines have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges that will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Smart Coffee Maker Market Size be in 2020?

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Who are the Key Vendors in the Smart Coffee Maker Market?

The smart coffee maker market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Behmor Inc.
  • Gourmia Inc.
  • Hamilton Beach Brands Holding Co.
  • JURA Elektroapparate AG
  • Koninklijke Philips NV
  • Nestle SA
  • Newell Brands Inc.
  • Robert Bosch GmbH
  • SMARTER APPLICATIONS Ltd.

 

The smart coffee maker market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This smart coffee maker market report further entails segmentations by technology (W-Fi and Bluetooth), distribution channel (offline and online), and geography (North America, Europe, APAC, MEA, and South America). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Smart Coffee Maker Market?

Smart-Coffee-Maker-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. Europe will record a fast growth rate during 2020-2024, owing to which the region should offer several growth opportunities to market vendors. The increase in adoption of smart homes and smart appliances will significantly influence smart coffee maker market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

41% of the market’s growth will originate from Europe during the forecast period. Germany, France, UK, and Italy are the key markets for smart coffee makers in the region. This report provides estimations of the contribution of all regions to the growth of the smart coffee maker market size.

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What are the Key Factors Covered in this Smart Coffee Maker Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart coffee maker market growth during the next five years
  • Precise estimation of the smart coffee maker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart coffee maker industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart coffee maker market vendors

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Smart Coffee Maker Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 13%

Market growth 2020-2024

$ 340.40 million

Market structure

Fragmented

YoY growth (%)

12.50

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 41%

Key consumer countries

US, Germany, France, UK, and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Behmor Inc., Gourmia Inc., Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Newell Brands Inc., Robert Bosch GmbH, and SMARTER APPLICATIONS Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

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

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Wi-Fi - Market size and forecast 2019-2024
  • Bluetooth - Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

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
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Behmor Inc.
  • De' Longhi Appliances Srl
  • Gourmia Inc.
  • Hamilton Beach Brands Holding Co.
  • JURA Elektroapparate AG
  • Koninklijke Philips NV
  • Nestle SA
  • Newell Brands Inc.
  • Robert Bosch GmbH
  • SMARTER APPLICATIONS Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart coffee maker market growth will increase by $340.40 million during 2019-2024.
The smart coffee maker market is expected to grow at a CAGR of 13.27% during 2019-2024.
Technavio has segmented the smart coffee maker market by technology (Wi-Fi and Bluetooth) and geographic (Europe, North America, APAC, South America, and MEA).
Behmor Inc., Gourmia Inc., Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Newell Brands Inc., Robert Bosch GmbH, SMARTER APPLICATIONS Ltd. are a few of the key vendors in the smart coffee maker market.
Europe will register the highest growth rate of 41.47% among the other regions. Therefore, the smart coffee maker market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart coffee maker market growth are:
  • Remote access convenience and growing market for automatic coffee brewing machines
The smart coffee maker market vendors should focus on grabbing business opportunities from the wi-fi segment as it accounted for the largest market share in the base year.
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