MarketResearchNest.com adds “Automatic Espresso Machines Market In North America 2017-2021” new report to its research database. The report spread across in 63 pages with tables and figures in it.
The research analysts forecast the automatic espresso machines market in North America to grow at a CAGR of 6.85% during the period 2017-2021. Automatic espresso machines automate the process of preparing espresso coffee, thereby making them the process swift and economical. They also assure consistency of taste and texture of coffee. The growing interest in automated products is also propelling the market. Espresso prepared at home is significantly less expensive than that prepared at coffee chains and other food outlets. However, these machines are used in both in the residential and commercial segments.
The publisher recognizes the following companies as the key players in the automatic espresso machines market in North America: Breville, De’Longhi Appliances, GAGGIA, and Nestlé Nespresso.
Other Prominent Vendors in the market are: Groupe SEB, Hamilton Beach Brands, Cuisinart, Illycaffè, Sunbeam Products, and JURA Elektroapparate.
One trend in the market is easy usage of automatic espresso machines. Customization of products to suit the needs of the target customers is one of the major trends. Super automatic espresso machines perform all function with a touch of a button. Users prefer espresso machines that deliver consistent results and can be operated conveniently.
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According to the report, one driver in the market is advances in functionality and features. Vendors are incorporating customized and innovative features such as durable and smart designs and innovative pump boilers in automatic espresso machines. These features ensure that the hot water reservoir is always at the perfect level. These machines also come with features that update, adjust, and schedule brew timings. Some other features include automatic power-off, cool-to-touch, spill-proof technology, and easy capsule insertion and ejection of coffee.
Further, the report states that one challenge in the market is presence of counterfeit products. The presence of a lot of fake products in the automatic espresso machines market in North America has led to market fragmentation. Consequently, this gives rise to several issues such as an uneven competitive scenario, lack of price standardization, and erosion of market share. The products of fake brands lack durability and quality. To gain a competitive edge in the market, these brands sell their products at lower prices than international brands. These products are preferred by consumers of the low-income segments.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Mr. Jeet Jain