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Smart Home-Based Beverage Machine Market Share

Report ID: GMI4641
Published Date: Apr 2020
Report Format: PDF

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Smart Home-Based Beverage Machine Market Share

Major players in this market are adopting several strategies, such as research & development, mergers & acquisitions, and partnerships & collaborations to expand their market shares. Furthermore, industry leaders are focusing on developing new smart home-based beverage machines with advanced features, such as IoT, AI, Wi-Fi, and Bluetooth to support the industry trend.

For instance, Kuvings developed a smart juice machine, HealthFriend Smart Juicer MOTIV1, that offers customized juice recipes according to the user’s body composition. Additionally, the equipment allows users to measure seven types of body composition, including body fat rate, minerals, body fat mass, body water, muscle mass, Body Mass Index (BMI), and Basal Metabolic Rate (BMR).

Manufacturers are focusing on improving productivity & manufacturing quality and reducing the overall environmental impacts. Appliance manufacturing companies are offering a wide product range, comprehensive support systems, and energy-efficient smart beverage machines to enhance their market share.

Some of the key players operating in the industry include:

Behmor, Inc
Bevi
Breville Group Ltd
BSH Hausgerate GmbH
Coway Co., Ltd
De’Longhi S.p.A
Illy
Jura
Kuvings
Lavazza
Smart Soda Holdings, Inc.
Hurom Co., Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of smart home-based beverage machine exceeded USD 1.5 billion in 2019.

The industry share of smart home-based beverage machine is anticipated to grow at a CAGR of over 5.5% between 2020 and 2026.

According to the analysts at GMI, the global industry shipments are projected to reach 4 million units by 2026.

The smart espresso machine segment held over 25% of the market share in 2019 and is expected to cross a valuation of USD 500 million by 2026.

Europe market size is poised to observe around 6.5% growth rate during the forecast period impelled by increasing demand for fresh fruit juices in European countries on account of rising consumer awareness on health benefits.

Some of the key industry players include Behmor, Inc., Bevi, Breville Group Ltd., BSH Hausgerate GmbH, Coway Co., Ltd., De’Longhi S.p.A., Illy, Jura, Kuvings, Lavazza, Smart Soda Holdings, Inc., and Hurom Co., Ltd.