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The coffee machine market size is estimated to increase by USD 8.72 billion and grow at a CAGR of 7.5% between 2022 and 2027. The market's expansion hinges on various factors such as the rise in demand and accessibility facilitated by organized retailing, the proliferation of inorganic strategic endeavors by vendors, and the cost-effectiveness and usability of products. Challenges facing the market include environmental risks linked with coffee machines, the escalating demand for instant coffee, and stringent regulations concerning waste management.
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This market report extensively covers market segmentation by end-user (commercial and non-commercial), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The commercial segment is estimated to witness significant growth during the forecast period. The commercial segment of the global market is mainly driven by the growing number of specialty coffee shops globally, as well as the increasing emergence of coffee shops and establishments in developing economies.
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The commercial segment was the largest segment and was valued at USD 9.80 billion n 2017. The coffee market is experiencing increasing demand due to rapidly changing consumer lifestyles and rising family incomes. Costa Coffee, Dunkin' Companies Group Inc., Whitbread, Barista Coffee, and Starbucks Corp. are one of the most popular specialty coffee brands in the global market. In addition, in a highly competitive industry, the growing variety of coffee flavors poses a problem of product differentiation for shops and restaurants. This contributes to increasing commercial demand, which will drive the growth of commercial machines in the global market during the forecast period.
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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries like Finland, Norway, Iceland, Denmark, the Netherlands, and Sweden consume the highest amount of coffee per capita in the world. Substantial demand for premium and gourmet coffees is seen in the region's developed economies.
Moreover, the demand in the region is driven by the availability of a wide selection of coffee flavors as well as the quality, convenience, and efficiency that they offer. European consumers are willing to pay a premium for products that allow them to make drinks while relaxing at home. Furthermore, the increased attention to new flavors has resulted in an increase in the demand during the forecast period.
The market is undergoing a revolution driven by a blend of tradition and innovation. Millennials are shaping trends, seeking smart coffee machines equipped with Bluetooth and Wi-Fi connectivity for seamless brewing experiences. From drip coffee makers to espresso machines and pod coffee machines, options abound to satisfy diverse preferences. This evolution reflects a vibrant coffee culture permeating corporate offices and kitchenettes, catering to the needs of the working population for refreshing beverages. As demand grows, manufacturers prioritize energy-saving kitchen appliances to meet sustainability goals. With increasing competition and complexity, startups explore innovative brewing methods like pour-over, cold brew, and AeroPress, offering high-quality specialty coffee beverages with precise temperature control. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing notable growth driven primarily by increasing inorganic strategic initiatives among industry players. Partnerships and acquisitions have diversified offerings, catering to millennials and the working population seeking instant non-alcoholic beverages with Bluetooth and Wi-Fi connectivity in smart coffee machines. This fosters coffee culture in corporate offices and kitchenettes, with drip coffee makers, espresso machines, and pod coffee machines meeting caffeine consumption demands. Inorganic initiatives like acquisitions, such as SEB's acquisition of La San Marco and De'Longhi's acquisition of Eversys, bolster market growth, offering consumers a wide range of refreshing beverages and innovative brewing methods while driving revenue and competition among home appliance retailers and startups.
Growing preference for commercial coffee bean grinders with short grinding times is the primary trend shaping the growth of the market. Using a commercial coffee bean grinder with a short grinding time increases the productivity of the coffee shop because the coffee can be brewed continuously in a short time. For example, the Sanremo Coffee Maker SR70 Evo commercial coffee grinder operates at a speed of 2 seconds per grind and ensures an instant supply of freshly ground coffee.
Moreover, the G2 Trifecta commercial coffee bean grinder supplied by Bunn features a high-volume grinding system that draws the coffee through the cavity for increased grinding speed and efficiency. Therefore, increasing the use of commercial coffee grinders with short grinding times is expected to boost the growth of the global coffee machine market during the forecast period.
Increasing demand for instant coffee is a challenge that affects the growth of the market. Instant coffee is being accepted by consumers with busy lifestyles due to the convenience it brings. Instant coffee creates a challenge and specialty coffee shops. Nowadays, people do not like to go to specialty coffee shops, which reduces the revenue from specialty coffee shops and will eventually affect the market and other coffee equipment.
Moreover, the growing popularity of instant coffee over specialty coffee can also be attributed to the high price of specialty coffee and consumers' reluctance to spend such a large sum of money on this beverage. Instant coffee creates a threat to the demand for specialty coffees, which will ultimately lead to a slowdown in the rate and impede the growth of the global market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Melitta Group: The company offers coffee machine under the brand La san marco.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing dynamic growth fueled by a myriad of factors, including the soaring popularity of instant non-alcoholic beverages among millennials. The integration of Bluetooth and Wi-Fi connectivity in smart coffee machines caters to tech-savvy consumers, while the surge in caffeine consumption drives demand for drip coffee makers, espresso machines, and pod coffee machines. Coffee culture thrives with the emergence of capsule systems in corporate offices and kitchenettes, meeting the needs of the working population for refreshing and energy-saving kitchen appliances. From beverage vending machines with touchscreen features to filter coffee machines offering programmable settings, the market caters to diverse preferences, emphasizing coffee quality and hassle-free brewing experiences. With a focus on innovation and sustainability, the market offers smart connectivity, environmentally-friendly materials, and high-quality specialty coffee beverages, shaping the future of coffee consumption worldwide.
Furthermore, the market is thriving with a plethora of options to cater to diverse consumer preferences and needs. From traditional drip brewers to high-tech automated coffee machines with smart technology and voice command functionality, the market offers solutions for both household and commercial use. Consumers can choose from capsules or pod coffee machines, traditional espresso machines, or bean-to-cup coffee machines, available in specialty stores, supermarkets, and online retailers. With a focus on environmental sustainability, manufacturers are incorporating energy-efficient brewing processes, recyclable materials, and organic, fair-trade coffee beans into their offerings. From temperature control to pressure profiling and adjustable grind settings, coffee lovers can indulge in their favorite brews with ease and satisfaction.
Coffee Machine Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.5% |
Market growth 2023-2027 |
USD 8.73 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.34 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 36% |
Key countries |
US, Canada, China, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bunn O Matic Corp., Caffe d Italia Srl, DeLonghi Group, Dualit Ltd., Electrolux Group, Hamilton Beach Brands Holding Co., Illycaffe Spa, jacobs DOUWE EGBERTS B.V., Keurig Dr Pepper Inc., Koninklijke Philips N.V., LUIGI LAVAZZA S.p.A., Magimix SAS, Massimo Zanetti Beverage Group Spa, Melitta Group, Nestle SA, Panasonic Holdings Corp., Tata Sons Pvt. Ltd., Glen Dimplex Europe Holdings Ltd., maxingvest AG, and The J.M Smucker Co. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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