The global coffee machine market size is expected to grow at a CAGR of 4.1% in
Expert Market Research’s ‘Global Coffee Machines Market Size, Report and Forecast 2022-2027’ provides an in-depth view of the global Coffee Machines Market, evaluating on the basis of its segments such as type of product, category of operation, end use and major regions.
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Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.1%
The increase in the number of coffee drinkers around the world and the growing popularity of specialty coffee has led to a significant expansion of the global coffee machine market in recent years. The strong growth of the commercial sector, especially in developing countries, has also benefited the coffee machine sector. In the coming years, sales of advanced coffee machines may also be boosted by the emergence of the restaurant industry as a major end user and by the increasing number of offices with kitchenettes.
One of the fastest growing regions in the global coffee machine market is expected to be the Asia-Pacific region. The market is driven by increasing urbanization and growing middle class population. Due to rising disposable income levels, technological advancements, growing population and expanding workplaces, the Asia-Pacific region is expected to dominate the global market during the forecast period.
Additionally, the demand for coffee makers is driven by the expanding working class and population of young consumers in countries like China, India, and Japan. Due to the rapid growth of coffee culture, cafes and capsule systems, there is an increasing demand for coffee machines. The coffee machine market is also driven by the growing number of cafes, restaurants, hotels, residences, and businesses in the region along with the increasing purchasing power of customers.
Definition of coffee machine industry and main segments
Small electrical appliances used to make coffee easily are called coffee machines or coffee makers. Coffee machines are used to prepare coffee, which saves time compared to the traditional method and improves the taste of coffee. It has various applications for residential and commercial consumption. Coffee machines are easy to use, clean and durable.
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Based on Product Type, the market is segmented into:
• Filter coffee machines
• Traditional espresso machines
• Capsule or pod coffee machines
• Coffee bean machines
On the basis of operation category, the market is divided into:
• Fully automated
On the basis of end-use, the market is split into:
Major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Coffee machine market trends
The expansion of the coffee machine market globally is expected to be facilitated by the focus of the players on the integration of various technological features in the coffee makers, marking an important trend in the market. Consumer demand for coffee makers with pre-grind and pre-brew features is expected to increase over the forecast period, supporting new growth opportunities.
Another key coffee machine market trend is the growing demand for automatic coffee machines. Smart coffee machines with Bluetooth or Wi-Fi connectivity are a recent trend in the global market. These smart coffee machines are smartphone compatible and can be accessed from anywhere nearby through the use of a connected smartphone.
While coffee drinking is a strong preference in North America, its popularity is on the rise worldwide, even in Asia-Pacific countries like India where the traditional preference for hot beverages is tea. .
However, the growing awareness of the negative effects of excessive coffee and caffeine consumption is expected to limit the market growth. Additionally, the high maintenance costs of coffee machines may hamper the market.
Main market players
Leading companies reviewed in the Coffee Machine Market report are:
• Keurig Green Mountain Inc.
• Panasonic Corporation
• Newell Brands, Inc.
• Nestlé Nespresso SA
• Hamilton Beach Brands Inc.
• Robert Bosch GmbH
The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
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