Global Coffee Makers market will reach 31000 million US$ by the end of 2025
Published Date: 2018/11/1
Coffee Makers are cooking appliance used to brew coffee. Common commercially available coffee makers contain different types using different brewing principles. Its application includes household, office and commercial consumption.
The technical barriers of coffee maker are high, and the core technology of coffee maker concentrates in relative large companies including Keurig Green Mountain, Panasonic, Nestlé Nespresso, Jarden, Delonghi, Electrolux, Melitta, Morphy Richards, Philips, and Hamilton Beach. These companies mainly concentrate in USA, Europe. However, most of coffee maker are mainly produced by the Chinese enterprises for OEM.
Coffee makers are widely used in café, hotel, restaurant, companies, home, etc. As the demand increases rapidly with higher spending propensity and a rising demand for coffee in emerging regions, such as in China, the demand for coffee maker is expected to continue increasing during the remaining years of the forecast period of 2018-2023. Coffee maker industry will usher in a stable growth space.
In the past few years, the price of coffee maker has a little change and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of coffee maker.
The global Coffee Makers market is valued at 20200 million US$ in 2017 and will reach 31000 million US$ by the end of 2025, growing at a CAGR of 5.5% during 2018-2025.
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