Coffee Machine Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Coffee Machine Market Growth and Trends
The global coffee machine market presently holds a market value of US$ 5.40 billion in 2020 and is expected to grow at a CAGR of 4.69% to an estimated market value of US$ 6.20 billion by 2023. The increasing beverage consumption is the major driving factor for the growth of the coffee machine market.
The increasing globalization has resulted in emerging economies with higher disposable incomes. The rising urbanization has lead to an increased level of population, which ultimately increases the food and beverage consumption. The elevating popularity among consumers for the consumption of non-alcoholic beverages routinely has propelled the demand for the coffee machine market. The technological advantages provided by the coffee machine over the manual coffee making such as swift brew time, and reduced manual effort are significant growth factors for the coffee machine market growth.
The growing awareness among consumers about the health benefits of coffee is greatly influencing the demand and sales of the coffee machines. The increasing trend of “On the go” and “Ready to drink” coffee consumption is fueling the coffee makers market growth. The escalating working class community is bolstering the demand for coffee machines in the workplaces. The restaurants and cafes contribute a significant amount to the sales of the coffee machine market. The rising demand for special coffees with different flavours, low/medium/high sugar, more caffeine/decaf, and with/without cream or foam has further positively impacted the growth curve of the coffee machine market.
The expanding smart technology has influenced the coffee machine market by introducing smart coffee makers with internet or Wi-Fi connectivity, BlueTooth, and AI integration to refill coffee beans as per need. The increasing mode of smartphone connected smart coffee makers to remotely access or use has tremendously induced the growth of the market.
The drip filter coffee machines segment has dominated the market since 2018. The capsule coffee machines segment is forecasted to exhibit the highest CAGR of 4.8% from 2019 – 2025. The commercial application segment owned more than half of the global coffee machine market share in the year 2018 and is expected to carry on for the next decade alike owing to the booming restaurants and cafes globally. The residential application segment owns the other part of the market share and closely follows the commercial segment. The expanding corporate sector is bolstering the demand for the coffee machine market.
Coffee Machine Industry Regional Analysis
Coffee Machine Market Research Report Scope/Definition
Coffee Machine Market Share and Competition Key companies operating in this industry are: Keurig Green Mountain Inc. (US) ; Panasonic Corporation (Japan) ; Nestlé S.A. (Switzerland) ; Newell Brands (US) ; De Longhi Group (Italy) ; Electrolux AB (Sweden) ; Melitta (Germany) ; Morphy Richards (UK) ; Koninklijke Philips N.V. (Netherlands) ; Hamilton Beach Brands Inc. (US) ; Illycaffè S.P.A. (Italy) ; Robert Bosch GmbH (Germany) ; Simonelli Group S.P.A. Italy) ; Krups (Germany) ; JURA Elektroapparate AG (Switzerland) ; La Cimbali (Italy) ; Zojirushi America Corporation (Japan) ; Luigi Lavazza S.p.A. (Italy) and Schaerer Ltd (Switzerland)
Coffee Machine Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Filter Coffee Machines
• Capsule or Pod Coffee Machines
• Traditional Espresso Machines
• Bean-to-Cup Coffee Machines
Category Analysis (Revenue, USD Million, 2021 - 2028)
• Semi-Automated
• Fully Automated
End-use Analysis(Revenue, USD Million, 2021 - 2028)
• Household
• Commercial
Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Coffee Machine Industry Companies
• Keurig Green Mountain Inc. (US)
• Panasonic Corporation (Japan)
• Nestlé S.A. (Switzerland)
• Newell Brands (US)
• De Longhi Group (Italy)
• Electrolux AB (Sweden)
• Melitta (Germany)
• Morphy Richards (UK)
• Koninklijke Philips N.V. (Netherlands)
• Hamilton Beach Brands Inc. (US)
• Illycaffè S.P.A. (Italy)
• Robert Bosch GmbH (Germany)
• Simonelli Group S.P.A. Italy)
• Krups (Germany)
• JURA Elektroapparate AG (Switzerland)
• La Cimbali (Italy)
• Zojirushi America Corporation (Japan)
• Luigi Lavazza S.p.A. (Italy)
• Schaerer Ltd (Switzerland)
Available Versions of Coffee Machine Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
