PUBLISHER: Orion Market Research | PRODUCT CODE: 1215623
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215623
Title:Global Coffee Machine Market Size, Share &Trends Analysis Report by Product Type (Filter Coffee Machines, Capsule or Pod Coffee Machines, Traditional Espresso Machines, and Bean-to-cup Coffee Machines), by Technology (Manual, Semi-automated, and Fully Automated) by End-User (Residential, and Commercial) and by Distribution Channel (Online, and Offline) Forecast Period (2022-2028).
The global coffee machine market is anticipated to grow at a considerable CAGR of 4.6% during the forecast period. The increasing need for non-alcoholic beverages such as coffee propels the growth of the coffee machine market. Furthermore, due to changing consumer tastes, non-alcoholic beverages such as coffee are gaining immense demand from restaurants and cafeterias. Coffee machines ease the time and effort required to prepare coffee in coffeehouses and cafeterias and hence, the ease of use and consistent brewing results are the key factors accountable for the growing demand for coffee machines globally.
The global coffee machine market is segmented based on product type, technology, end-user, and distribution channel. Based on the product type, the market is segmented into filter coffee machines, capsule or pod coffee machines, traditional espresso machines, and bean-to-cup coffee machines. Based on the technology, the market is sub-segmented into manual, semi-automated, and fully automated. Based on end-user, the market is sub-segmented into residential, and commercial. Further based on distribution channels the market is categorized into online, and offline.
Based on technology, the fully automated coffee machine segment is anticipated to cater to prominent growth over the forecast period owing to shifting consumer preference and their increasing use in a commercial applications. Consumers are inclined toward automatic coffee machines over manual ones due to their simplicity in the coffee-making process, time-saving features, and consistency in coffee flavor. The moreover fully automatic coffee machine offers greater efficiency which is why they are being increasingly deployed for commercial use to offer high speed of service to customers. Manufacturers in the market are introducing fully automatic coffee machines with features of automatism which is fueling the growth of the segment. For instance, in 2021, Gruppo Cimbali expanded its S series of professional coffee machines with the launch of the La Cimbali S60. The newly launched machine is a fully automatic model and a highly performing coffee machine that can reportedly produce 600 cups of coffee a day.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a considerable share in the global coffee machine market owing to the expansion of the coffee culture coupled with the growing working class in this region. The increasing working-class population in countries such as China, India, and Japan is propelling the demand for portable and fully automated coffee machines. Moreover, the expansion of coffee shops, cafes, restaurants, and hotels in the Asia-Pacific region is further augmenting the growth of the coffee machine market.
The major companies serving the global Coffee Machine market include De'Longhi Group, JURA Elektroapparate AG, KeurigDr Pepper Inc, Newell Brands, Inc, Nestle Nespresso SA, Panasonic Corp., Schaerer AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020, Beanque launched a 3-In-1 Auto-grind & Brew &Travel Cup, revolutionizing traditional coffee makers with innovative and compact designs. Beanque retains the perfect grinding coarseness and extraction time with its built-in electric grinder, adjustable ceramic coffee mill, measuring cup, and travel mug. Compared to traditional coffee makers, this coffee maker is portable, easy to use, and affordable.
Research Methodology
The market study of the global coffee machine market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: