Penetration of Carbonated Beverages to give Boost to the Fountain Machines Market
The fountain machine worldwide is expected to grow with a CAGR of 2.9% during the forecast period from 2019 to 2027, starting from US$ 1.80 Bn in 2018. The fountain machine market is growing steadily owing to increased penetration of carbonated drinks worldwide. Adoption of carbonated drinks by youngsters as well as millennials worldwide is the other growth factor for fountain machine market. Application of these machines at restaurants, malls and other stores is increasing, which in turn helped the fountain machine market to grow. Thus, we are expecting steady growth in the fountain machine market during the forecast period.
Market Synopsis
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Restaurants segment to Continue Leading the Market
The fountain machine by application was led by restaurant segment in 2018. The segment has nearly 1/2 of the revenue share in the same year. Penetration of fast food worldwide is the major growth factor for this segment. Nowadays, people like eating junk food instead of home food owing to which the demand for fountain machine in the restaurants have increased. As a consequence, we expect that the restaurant segment will continue its dominance during the forecast period from 2019-2027.
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Asia Pacific to be the Fastest Growing Region
Fountain machine market was led by North America region accounted for nearly 30% of the market share in 2018. Rapid technological advancement is the major factor for its dominance in the fountain machine market. Asia Pacific will be the fastest growing segment in the fountain machine market owing to major developing economies such as China and India. Rapid increase in urbanization in aforementioned countries is the other major factor for the growth of the region. Therefore, we expect that the Asia Pacific region will be the fastest growing region in the fountain machine market throughout the forecast period from 2019-2027.
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Some of the prominent players operating in the fountain machine market are Cornelius, Himalay Soda Fountain, Lancer, Manitowoc Ice, Inc., among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The fountain machine report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global fountain machine based on product type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type Segment (2017–2027; US$ Bn)
• Drop-In Fountain Machine
• Tower Fountain Machine
|
|
Application Segment (2017–2027; US$ Bn)
• Restaurants
• Cinemas
• Others (Convenience Stores, Cafeteria, etc.)
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of fountain machine in 2018 and forecast up to 2027?
- Which is the largest regional market for fountain machine?
- What are the major trends followed in overall fountain machine across different regions?
- Who are the key fountain machine companies leading the market?
- What are the key strategies adopted by the leading fountain machine companies in market?
Unique data points of this report
- Statistics on carbonated drinks industry worldwide
- Recent trends across different regions in terms of adoption of fountain machine across various applications
- Notable developments going on in fountain machine
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
