Coffee Machines Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Consumer Goods & Services
Report Code - OMR-CGS-145
Format: PDF, PPT, and Excel
Coffee Machines Market to Climb at a 4.0% CAGR During Forecast; Factors such as Rising Volume of Coffee Consuming Population, Smart Coffee Machines, and Increasing Awareness of Health Benefits of Coffee to Augment Market Value
A special device called a coffeemaker, coffee maker, or coffee machine is required to brew coffee. There are numerous coffee makers on the market, but the two most prevalent brewing methods involve gravity or pressure to force heated water through coffee beans. The typical coffee brewing apparatus includes a funnel for retaining the coffee grounds and a glass or ceramic vessel for boiling the brewed coffee. A second chamber receives frigid water, which is then heated prior to it being directed into the funnel and allowed to percolate through the soil by gravity.
Further preventing the market are the limitations placed on manufacturing activities and the supply chain due to the COVID-19 outbreak, the escalating transportation issues, labor shortage issues, and instances of longer delivery times caused by the unsure supply chain disruption in the electronic appliances industry. Due to their reliance on Chinese inputs, American and European manufacturers of coffee machines were forced to suspend production during the closure temporarily. Despite a brief lull during the epidemic, the expansion of business infrastructure and the rise in the number of offices ensured continued expansion.
Key Takeaways of the Coffee Machines Market
By Product
The submarket for pods/capsules is anticipated to experience the highest compound annual growth rate (CAGR) during the forecast period. The middle class has gravitated to pod coffee machines due to the dependability and user-friendliness of automated coffee makers, which always produce consistently tasty coffee. The enormous environmental impact of used coffee pods has harmed coffee pods' popularity among consumers.
By End User
Residential is anticipated to have the greatest CAGR over the forecast period. The rising demand for flavored specialty coffee is pushing the market forward. In nations such as the United States, there may be an increase in demand for household coffee appliances.
By Distribution Channel
Most merchandise is sold in hypermarkets and supermarkets. This is largely due to the pervasive and convenient nature of these businesses, which carry a variety of coffee makers from different brands.
By Region
Europe held the lion's market share in 2022. The region's caffeine craze is propelling the market. Additionally, sales increase when more office buildings and businesses are in the area. The increasing prevalence of espresso blend beverages, and the region's reliance on imported green bean coffee could keep the coffee maker market thriving.
F&B Chain and QSR Growth Offers Manufacturers Market Share Growth
The meteoric growth of food and beverage franchises is directly attributable to the increasing prominence of food chains and the shifting preferences of time-crunched consumers. Supermarkets, fast food franchises, and bakeries have also contributed to the growth. Many coffee connoisseurs, for instance, only purchase coffee and mugs from convenience stores. The success of these brief pauses is contingent on the accessibility of immediate assistance and automated coffee-making equipment.
In recent decades, the expanding middle class and the growing appreciation for sophisticated flavors have contributed to the rise in popularity of upscale beverages such as coffee. The National Coffee Association (NCA) reported that over 62.0% of Americans consume coffee daily. Due to increasing coffee consumption and a preference for specialty beverages, coffee appliances are gaining in popularity among consumers. As a consequence of this fashion, coffee machine sales have skyrocketed. An NCA study revealed that premium coffee accounts for more than 60 percent of all coffee consumed in the United States.
Rising Coffee Consumption and Automatic Coffee Makers Drive Market Growth
The adoption of Bluetooth and Wi-Fi-enabled coffee appliances is a key trend propelling industry growth. These smart coffee makers are accessible via smartphone, enabling users to issue instructions and administer the machine from any location within the household. The expansion of the millennial generation and the broadening of their spending habits will likely benefit market leaders. Common in cafés and workplace break rooms, coffee appliances reduce the time and effort required to prepare a pot of coffee.
As the demand for pre-grinding and pre-infusing coffee apparatus rises and the number of consumers purchasing coffee from convenience stores rises, it is anticipated that expansion opportunities will arise throughout the forecast period. The success of these businesses is contingent on their capacity to provide quick service and excellent coffee using automated machinery. Food and beverage establishments attract a more variegated clientele, including those with varying degrees of culinary expertise, than specialty coffee shops.
Global Coffee Machines Market Prominent Players
• Panasonic Corporation (Japan)
• Nestlé S.A. (Switzerland)
• Newell Brands (U.S.)
• De'Longhi Group (Italy)
• Keurig Dr. Pepper Inc. (U.S.)
• Morphy Richards India (India)
• Schaerer (Switzerland)
• Electrolux (Sweden)
• Robert Bosch GmbH (Germany)
• Hamilton Beach Brands, Inc. (U.S.)
• De’Longhi Appliances S.r.l. (Italy)
• Rancilio Group S.p.a (Italy)
Report Scope for Coffee Machines Market
Product
• Drip Filter Coffee Machines
• Traditional Espresso Machines
• Pod/Capsule Machines
• Other Coffee Machines
Operation
• Manual
• Semi-Automatic
• Automatic
End User
• Residential
• Commercial
Distribution Channel
• Specialty Stores
• Hypermarkets/Supermarkets
• Online
• Others
Coffee Machines Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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