Forecasting Strategy to Undergo A Paradigm Shift from Crisis to New Normal during COVID-19 Pandemic
September 24, 2020
The automatic espresso machines market will witness an incremental growth of USD 1.04 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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Technavio has announced its latest market research report titled Global Automatic Espresso Machines Market 2020-2024 (Graphic: Business Wire)
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Consumer Discretionary industry will have Negative impact due to the pandemic
Automatic espresso machines market is expected to witness Negative growth during 2020-2024
Consumer Discretionary Industry will witness Indirect impact during the forecast period
Automatic espresso machines market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This automatic espresso machines market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed automatic espresso machines market insights here: https://www.technavio.com/report/automatic espresso machines market-industry-analysis
Key Automatic Espresso Machines Market Research Findings
A CAGR of almost 7% is expected to be recorded in automatic espresso machines market during 2020-2024
Fully automatic espresso machines will hold the largest share. Factors such as multitasking and minimal human intervention without compromising on the quality of the brewed coffee will contribute to the growth of this industry segment in the coming years.
Europe will account for the highest incremental growth. The high purchasing power of customers will significantly influence automatic espresso machines market growth in this region.
New product development and innovation will boost the automatic espresso machines market growth
The availability of portable espresso machines will have a positive impact on the automatic espresso machines market
Safety issues are likely to create hindrance for the automatic espresso machines market
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Several leading companies in the market are focusing on restoring their economic activity
Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.
Prominent automatic espresso machines market players are : Breville Group Ltd., De’Longhi Spa, FRANKE Holding AG, Groupe SEB, Hamilton Beach Brands Holding Co., JURA Elektroapparate AG, Koninklijke Philips NV, Nestle SA, Robert Bosch GmbH, and Smeg Spa.
With more companies navigating the pandemic gradually, this research analysis can be personalized to create a recovery path for the market participants. Try out our $1000 Worth Free Report Customization by Speaking to our Analyst or Industry Expert
Key Considerations for Market Forecast
Products and services used to manage or contain the spread of COVID-19 virus
Products and services used for the treatment of COVID-19 virus
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- and post-COVID 19 market estimates
Quarterly impact analysis as the spread reaches global level and updates on market estimates
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Table of Contents:
Value chain analysis
Five Forces Analysis
Market Segmentation by Product
Comparison by Product
Fully automatic – Market size and forecast 2019-2024
Semi-automatic – Market size and forecast 2019-2024
Market opportunity by Product
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
Drivers, Challenges, and Trends
Volume driver – Demand led growth
Volume driver – Supply led growth
Volume driver – External factors
Volume driver – Demand shift in adjacent markets
Price driver – Inflation
Price driver – Shift from lower to higher priced units
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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