Global Drip Coffee Machine Market Projected to Experience Major Revenue Boost during 2017-2026
This report provides prognosis and analysis of the global Drip Coffee Machine Market. It offers historical data along with forecast data for 2026.
[UKPRwire, Wed Jan 09 2019] This research report titled “Global Drip Coffee Machine Market Projected to Experience Major Revenue Boost during 2017-2026” focuses on the drip coffee machine market, published to the vast repository managed by FactMR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the Drip Coffee Machine Market to examine future lucrativeness and spot growth prospects during 2017-2026. Readers can even access information such as key developments, technologies, innovations, etc., concerned to the Drip Coffee Machine Market.
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Drip coffee machine is a type of cooking appliance used to brew coffee. There are different types of coffee machines using different brewing principles. Manufacturers of drip coffee machines are focusing on developing a machine with more programmable features offering convenience and also able to heat the water at an ideal brewing temperature. Manufacturers are also adding unique features to compete in the global market. Operating the drip coffee machine using an app is also gaining traction in the market.
According to the report by FactMR, the global market for drip coffee machine is likely to witness sluggish growth between 2017 and 2026. The global market for drip coffee machine is estimated to reach US$ 213.0 million revenue. Owing to the rise in consumption of coffee the demand for drip coffee machine is also growing. Meanwhile, manufacturers are also providing user-friendly, light-weight, portable, large capacity machine, with better power and pressure to create the perfect cup of coffee.
Drip coffee machine that has a capacity to make more than 10 cups of coffee is likely to be highly preferred by the consumers. Drip coffee machine with more than 10 cups capacity is estimated to surpass US$ 100 million revenue by 2026 end. With the increasing coffee consumption, consumers prefer to buy a coffee machine with the capacity of producing more than 10 cups of coffee.
Compared to the thermal carafe, glass carafe is likely to account for maximum revenue share in the global market for drip coffee machine. Glass carafe is expected to bring in more than US$ 100 million revenue by 2026. Glass carafe offers better visibility while the coffee is streaming in the carafe. Also, the glass carafe allows aromatics in the coffee to fill in the surrounding. It also allows to check on how much coffee is left in the pot.
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Residential segment is likely to emerge as one of the largest users of the drip coffee machine as compared to the commercial segment. By 2026 end, the residential segment is estimated to create an incremental opportunity of more than US$ 10 million between 2017 and 2026. Increasing number of people consuming coffee, ease of use and convenience are some of the factors resulting in the growing demand for drip coffee machine by residential segment.
Compared to the plastic drip coffee machine, metal drip coffee machine is likely to gain maximum traction in the global market for drip coffee machine. Drip coffee machine with a metal body is estimated to bring in close to US$ 200 million revenue towards 2026 end. Majority of the customers prefer stainless steel drip coffee machine due to the unique look, finish and style. Metal coffee machines are also hard to break and offer a better taste of coffee as compared to the plastic drip coffee machine.
The report also profiles companies that are expected to play an important role in the expansion of global drip coffee machine market through 2026, which include The Black & Decker Corporation, Bravilor Holding B.V., Technivorm BV, Jura Elektroapparate Ag, BUNN-O-Matic Corporation, Melitta Unternehmensgruppe Bentz KG, Siemens AG, De' Longhi S.p.A, Koninklijke Philips N.V., and Krups GmbH.
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