Analysis of Coffee Machine market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global coffee machine market, which is anticipated to progress at a CAGR of 4.7% over the next ten years. The coffee machine industry is currently estimated to be valued at US$ 16 Bn, and is expected to increase 1.6X in valuation by the end of 2031. Demand for coffee machines in South Korea is expected to increase at a robust CAGR of 5.4%.
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Prominent players continue to hold a hefty revenue share in the coffee machine market with their classic product portfolios as well as continual technology adoption aligned with consumer expectations.
Koninklijke Philips N.V. is the front-runner in the coffee machine market whereas De’Longhi S.p.A and JURA Elektroapparate present strong competition with their consistent product developments.
Along with the delivery of breakthrough customer experience, manufacturers are aiming at delivering a value-added product.
A new trend of introducing coffee pods that are compatible with coffee machines or vice-versa is observed in the market to relieve machine owners’ recurrent bemusement.
In addition, owing to the popularity of automation, in the past few years a meteoric rise in the introduction of automatic coffee machines with features like digital display and personalization facility has been observed.
While coffee machine plays a crucial role in the coffee shop industry, adoption trends of different types of coffee machines differ according to the location of the café.
Coffee shops make their own coffee machine selection across cities. For instance, in tier-1 cities, famous brands of coffee shops prefer high priced premium coffee machine brands.
On the other hand, coffee shops in tier-2 cities, with their tight budget cannot afford coffee machines whose prices are comparable to the capital investment involved in shop opening. The differing levels of adoption lead to variable purchase prices of coffee machines across cities.
Coffee shop industry is flourishing with a significant number of cafes being built globally. As cafes and specialty coffee shops deliver extra features such as unique service, breakfast options and superior coffee quality, popularity of western brands such as Starbucks and Costa Coffee has increased significantly.
Success of these coffee shop brands plays a crucial role in the growth of the coffee machine market, owing to their strong domestic presence in major world countries.
In the commercial sector, coffee machines are the most important equipment. Commercial infrastructures prefer either automatic or semi-automatic coffee machines wherein purchase of coffee machine is decided on the basis of cost, coffee volume and consumer sentiments.
Growing fast food demand and evolving needs of time-pressed consumers have led to an impressive growth of F&B chains in major world countries.
The growth is further fueled by mushrooming of convenience stores, fast food chains and bakeries. In particular, convenient stores are the prime destinations of coffee purchase among coffee lovers.
Quick serve and automatic machines that deliver high-quality coffee determine the success of these convenient stores.
While coffee shops attract a specific population of coffee lovers, F&B chains serve a wide range of consumers from mid to high standard.
Considering the distinct needs of F&B chains and specialty coffee shops, manufacturers in the coffee machine market are introducing multiple models of coffee machines.
With the increasing number of discerning consumers and evolving palate for gourmet varieties, demand for specialty beverages including coffee has grown significantly in the past few decades.
In particular, propensity for specialty coffee has risen notably. According to the National Coffee Association (NCA), 62% of Americans were reported as daily coffee consumers in 2017.
Europe also presents an attractive coffee market and registers one of the highest global consumption. Emerging countries, with a significant millennial population, are witnessing a significant rise in coffee consumption.
As per International Coffee Organization (ICO), coffee consumption in China is growing at an annual 15% rate as compared to a 2% annual increase in North America and Europe.
The growing popularity of coffee and preference for specialty coffee varieties has led to consumers preferring coffee machine coffee over hand-made coffee. This trend has translated into a considerable rise in the sales of coffee machines.
Fact.MR has compiled a study on the coffee machine market and published a report titled, “Coffee Machine Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2021 to 2031.”
The coffee machine market report covers all the vital facets of the industry that hold significant impact on the future progress of the coffee machine market.
The coffee machine market analysis included in the report is based on a thorough assessment of driver, restraints, opportunities and trends prevailing in the coffee machine market.
The coffee machine market is thoroughly studied for the demand trends and potential opportunities in the industry landscape.
Based on the comprehensive analysis, the coffee machine market is segmented in the most viable categories to derive an all-inclusive outlook of the coffee machine market.
The coffee machine market is segmented on the basis of product type, technology, end-use and sales channel. Based on product type, the coffee machine market is segmented in capsule, drip and steam. Based on technology, the coffee machine market is categorized in manual, semi-automatic and automatic coffee machines.
The coffee machine market is segmented based on sales channel wherein coffee machine distribution through retail sales, direct sales and online sales is analyzed.
Based on end use, the coffee machine market is segmented in hotel, restaurant, café, institutional and residential.
The coffee machine market analysis is also carried out for key business regions including North America, Latin America, Europe, Japan, APEJ and MEA. Regional analysis is backed by a thorough country-wise analysis.
A robust research methodology followed during the course of the coffee machine market study is discussed thoroughly in this chapter. The research methodology is based on a comprehensive primary and secondary research.
Primary research includes interviews with industry savants and domain-specific analysts. Secondary research includes in-depth study of company press releases and published data from trusted industry resources.
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The global coffee machine market progressed at a stable CAGR of 4.1% over the past 5 years.
Currently, the market for coffee machines enjoys a valuation of US$ 16 Bn.
The U.S., Germany, U.K., Netherlands, and Canada are at the forefront in terms of demand for coffee machines.
Top 5 market players collectively hold a dominant market share of 63% in the global coffee machine market.
The Japanese market is anticipated to expand at a slow CAGR of 2.7%, and the South Korean market is expected to do better and progress at a CAGR of 5.4%.
By 2031, the coffee machine industry is expected to be valued at a net worth of nearly US$ 25 Bn.
Sales of coffee machines are anticipated to rise at a CAGR of 4.7% over the decade.
Italy and Germany are leading countries in terms of export of coffee machines.
Switzerland, Italy, China, and the Netherlands are leading manufacturers of coffee machines.
Demand for coffee machines is expected to increase at a CAGR of 4.3% in North America.
The German market for coffee machines is anticipated to swell at a CAGR of 4.5%.
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