The global smart home-based beverage machine market is expected to amass lucrative revenue proceeds owing to increasing consumer spending on smart kitchen appliances. Availability of intelligent beverage devices that provide personalized and customized features may spur industry growth.
Growing awareness regarding the benefits of consuming vegetable and fruit juices is anticipated to driving smart juice machines demand over the forthcoming years. People nowadays are getting more health conscious and are avoiding the consumption of packaged juices that contain added preservatives. In a bid to consume healthy and fresh fruit juices, consumers are increasing purchasing smart juice machines.
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Rising cases of water-borne diseases supported by increasing awareness to adopt water filters to minimize diseases could drive the adoption of smart water machines. Estimates suggest that the segment could witness a CAGR of more than 6% within the predicted timeframe.
As for smart espresso machines, they are one of the most prominent examples of appliances that use automation IoT solutions for enhancing the production of beverages, especially coffee. Numerous smart appliance developers are launching a variety of beverage devices like coffee makers and juicers that come equipped with compatible smart home systems including Google’s Google Home and Amazon’s Alexa.
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On the regional front, the Middle East and Africa smart home-based beverage machine market is likely to observe significant demand primarily across Saudi Arabia and the UAE. Growing need for a comfortable household environment and luxurious lifestyle is driving the demand for smart beverage machines in the region.
Smart home appliances are also observing steady demand owing to rapid constructions of luxury homes in Middle East and Africa. Citing an instance, in March 2020, Danube Properties in UAE unveiled its construction project that has 741 residential units. These residential spaces would be pre-equipped with smart home and kitchen appliances for offering a comfortable and luxurious living.
Companies working in the smart home-based beverage machine market are increasingly focusing on product innovation and development activities. Firms are working towards initiating strategic partnerships and collaborations to improve their business reach.
Incorporation of IoT and AI technologies is helping firms enhance their products features and improve user experience. Companies are increasingly integrating voice assistants like Siri and Alexa with beverage machines in order to provide strong controlling and monitoring capabilities.
The competitive landscape of the smart home-based beverage machine market is inclusive of players such as Hurom Co., Ltd., Kuvings, Smart Soda Holdings Inc., Bevi, Coway Co. Ltd., Jura, Illy, De’Longhi S.p.A., Behmor, Inc., Breville Group Ltd., and BSH Hausgerate GmbH among others.
Major Key Points from Table of Content:
Chapter 5. Smart Home-Based Beverage Machine Market, By Product
5.1. Key trends by product
5.2. Smart soda machine
5.2.1. Market estimates and forecast, 2016 – 2026
5.3. Smart water machine
5.3.1. Market estimates and forecast, 2016 – 2026
5.4. Smart espresso machine
5.4.1. Market estimates and forecast, 2016 – 2026
5.5. Smart juice machine
5.5.1. Market estimates and forecast, 2016 – 2026
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