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Smart Home-Based Beverage Machine Market Share

Report ID: GMI4641
Published Date: Nov 2024
Report Format: PDF

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Smart Home-Based Beverage Machine Market Share

The smart home-based beverage machine industry, with prominent players, such as Breville Group Ltd, BSH Hausgeräte GmbH, Coway Co., Ltd and De’Longhi S.p.A holds a market share of ~10-12%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Smart Home-Based Beverage Machine Market Companies

Major players operating in the smart home-based beverage machine industry include:

Behmor
Bevi
Breville
BSH
Cafe Appliances
Coway
De’Longhi
Hamilton Beach
Hurom
Illy
Jura
Kuvings
Lavazza
Nespresso
Smart Soda

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of smart home-based beverage machine reached USD 1.7 billion in 2023 and is set to register a CAGR of over 8.2% between 2024 and 2032, driven by the growing demand for convenience in daily routines.

The household segment captured a market share of 61.8% in 2023 and is expected to grow at a CAGR of 8.8% from 2024 to 2032, led by the rising adoption of home automation and consumer preference for convenience.

North America accounted for a market share of 32.5% in 2023 and is expected to grow at a CAGR of 7.2% during the forecast period, propelled by the affluent population investing in smart appliances for enhanced convenience and lifestyle quality.

The key players in the market include Behmor, Bevi, Breville, BSH, Café Appliances, Coway, De’Longhi, Hamilton Beach, Hurom, Illy, Jura, Kuvings, Lavazza, Nespresso, and Smart Soda.