PUBLISHER: The Business Research Company | PRODUCT CODE: 1428416
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428416
A self-service coffee machine is an automated coffee vending machine or device designed to dispense coffee or other hot beverages without requiring direct human assistance. These machines are commonly found in various public spaces, providing users quick and convenient access to freshly brewed coffee anytime. Self-service coffee machines have many applications in multiple settings, offering convenience and efficiency to businesses and individuals.
The primary types of sales associated with self-service coffee machines are machine sales and rental service. Machine sales involve the process of selling machinery or equipment to customers or businesses, and it includes the transaction and exchange of machines for a specific price or consideration. These machines are sold through various distribution channels, including direct sale and indirect sale, for several applications, including hospitality, offices, and others.
The self-service coffee machine market research report is one of a series of new reports from The Business Research Company that provides self-service coffee machine market statistics, including self-service coffee machine industry global market size, regional shares, competitors with a self-service coffee machine market share, detailed self-service coffee machine market segments, market trends and opportunities, and any further data you may need to thrive in the self-service coffee machine industry. This self-service coffee machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The self service coffee machine market size has grown rapidly in recent years. It will grow from $5.89 billion in 2023 to $6.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The expansion during the historical period can be attributed to increasing urbanization, the rise of coffee culture, busy lifestyles, growth in the foodservice industry, and consumer demand for convenience.
The self service coffee machine market size is expected to see strong growth in the next few years. It will grow to $9.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth in the forecast period can be attributed to the growing preference for specialty coffee, the expansion of coffee shop chains, increasing consumer awareness about sustainable practices, the demand for customization in coffee options, and the globalization of coffee culture. Key trends expected in the forecast period include the rise of connected coffee machines, an emphasis on eco-friendly and sustainable solutions, the integration of artificial intelligence in coffee machines, personalized coffee experiences, and growth in the market for cold brew and iced coffee.
The self-service coffee machine market is poised for growth, driven by the increasing trend in coffee consumption. Coffee, a popular beverage made from roasted coffee beans, is a widely consumed drink, and self-service coffee machines play a pivotal role by offering accessibility, convenience, and customization to consumers. These machines are favored in diverse settings such as hotels, restaurants, cafes, workplaces, and more. According to the National Coffee Association (NCA) in March 2022, 66% of Americans regularly consume coffee, surpassing other beverages and marking a 14% increase since January 2021. With 84% of coffee consumers now enjoying coffee at home, the rising coffee consumption is a significant factor propelling the growth of the self-service coffee machine market.
The growth trajectory of the self-service coffee machine market is further influenced by increasing disposable income. Disposable income, the money available for spending and saving after tax deductions, shapes market dynamics. Businesses in this sector tailor their strategies, pricing models, and product offerings based on the disposable income of their target market. In October 2023, the disposable personal income per capita in the United States rose to $60,898, showcasing an increase from the previous month and the previous year. This upward trend in disposable income is a key driver fueling the growth of the self-service coffee machine market.
A prominent trend in the self-service coffee machine market is the adoption of advanced technologies. Major companies in this market are keen on incorporating new and advanced technologies to maintain their market position. For instance, Nestle Nespresso S.A., a Switzerland-based food and beverage company, introduced touchless features for its Nespresso Momento range in July 2021. These touchless functionalities include remote control, automatic brewing, and lock-screen options, enabling coffee consumers to operate the machines remotely via a web app on their smartphones. This technological advancement enhances user experience and contributes to the popularity of self-service coffee machines.
Innovation through smart brewing technologies is another strategy adopted by major companies to enhance profitability in the self-service coffee machine market. For example, Nestle, a Switzerland-based food and beverage manufacturer, launched Neo in November 2022 through its brand Nescafe Dolce Gusto. Neo features an eco-friendly coffee pod with home compostable material and smart brew technology that automatically adapts to each pod. The system connects to smartphones, allowing users to customize temperature and strength while providing personalized rewards through a loyalty program. Such innovations contribute to the growth and attractiveness of the self-service coffee machine market.
In March 2021, De'Longhi S.p.A., an Italy-based household appliance manufacturing company, acquired Eversys S.A. for approximately $160 million. This strategic move marks De'Longhi's entry into the professional espresso coffee machine market, focusing on fully automatic models. Eversys S.A., based in Switzerland, specializes in manufacturing self-service coffee machines, adding to the portfolio of the De'Longhi Group.
Major companies operating in the self service coffee machine market report are Starbucks Corporation, Philips, JDE Peet's, Miele, Nestle Nespresso, De'Longhi Group, Lavazza Group, Franke Group, Melitta Group, WMF Group, Hamilton Beach Brands, Thermoplan AG, La Marzocco, Rancilio Group, JURA Elektroapparate AG, Grindmaster-Cecilware, Wilbur Curtis Co., Schaerer AG, Crem International, Fetco Corporation, Bezzera, Coffee Machine Technologies, Cimbali Group, Marco Beverage Systems, Nuova Simonelli
Asia-Pacific is expected to the fastest growing region in the forecast period. The regions covered in the self service coffee machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the self service coffee machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The self-service coffee machine market consists of sales of instant coffee machines, drip coffee machines, and pod or capsule coffee machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Self Service Coffee Machine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on self service coffee machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for self service coffee machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The self service coffee machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.