Industry Background:
A smart coffee machine is a revolutionary coffee maker which gives instant coffee at the touch of a button. It has several advanced features such as Wi-Fi connectivity, Bluetooth connectivity, among others. The smart coffee machine can be operated from anywhere in the house and gives fresh coffee by saving efforts and daily routine time. Smart coffee machine also offers multiple features including wake up mode, home mode, and water sensors, among others, which enabled users to regulate it by using just a smartphone from anywhere at home. Wake up Mode allows a user to wake up to a freshly brewed batch of coffee, whilst using home mode smarter coffee gets to work as soon as a user walks through the door. Owing to the latest technological advancements, the demand for the smart coffee machine has surged across the globe and is expected to achieve the highest growth during the forecast period.This growth is primarily driven by Remote Access Convenience and Growing Market for Automatic Coffee Brewing Machines, Innovation in Technology, Design, and Customizable Features and Increase in Adoption of Smart Homes and Smart Appliances.
Globally, a noticeable market trend is evident Growing Demand for Smart Single-Serve Coffee Machines. Major Vendors, such as Delonghi (United Kingdom), Bosch (United Kingdom), Philips (Netherlands), Nespresso S.A. (Nestle) (South Africa), Illy (Italy), Mr. Coffee (United States), Krups (United States), Behmor Inc. (United States), Smarter Allications Ltd. (United Kingdom) and Fanstel (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 9 November 2017, Smarter Allications Ltd, a UK based company has launched 2nd generation smart coffee machine. The product has multiple advanced features including Alexa and Google Assistant integration, which allows the user to regulate it from anywhere the user wants at home.
Market Drivers
- Remote Access Convenience and Growing Market for Automatic Coffee Brewing Machines
- Innovation in Technology, Design, and Customizable Features
- Increase in Adoption of Smart Homes and Smart Appliances
Market Trend
- Growing Demand for Smart Single-Serve Coffee Machines
Restraints
Opportunities
Emerging Demand from Developed and Developing Countries
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