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 2023 to 2030, starting from US$ 1.95 Bn in 2020. 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. 

Restaurants segment to Continue Leading the Market

The fountain machine by application was led by restaurant segment in 2021. 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 restaurants have increased. As a consequence, we expect that the restaurant segment will continue its dominance during the forecast period from 2019-2027.

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 2021. 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 2023-2030.

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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Fountain Machine market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Fountain Machine market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Fountain Machine market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Fountain Machine market?
• Which is the largest regional market for Fountain Machine market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Fountain Machine market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Fountain Machine market worldwide?