Sunday 14 August 2022

Office and commercial coffee equipment and supplies to grow by $1.87b in North America

Must read

NEW YORK, US – Technavio has been monitoring the office and commercial coffee equipment and supplies market in North America and it is poised to grow by USD 1.87 billion during 2021-2025, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market for commercial coffee equipment and supplies is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bunn-O-Matic Corp., Coffee Day Enterprises Ltd., DeLonghi Spa, Farmer Bros Co., Groupe SEB, Hamilton Beach Brands Holding Co., Luigi Lavazza Spa, Nestle SA, Newell Brands Inc., and Royal Cup Inc. are some of the major market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The growing number of office spaces and commercial establishments has been instrumental in driving the growth of the market. However, possible health implications of caffeine will hamper market growth.

Technavio is a leading global technology research and advisory company. 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.

Latest article