Rising Coffee Consumption Drive Global Coffee Machine Market to Achieve Robust Growth with 8% CAGR During Forecast Period

Growing penetration of large consumers towards exclusive varieties such as espresso machines, drip brewers, single-serve machines, French press machines, and bean-to-cup machines, resulted in rising demand for coffee machines across the global industry. In addition to this, the global coffee machine industry is further fueled by integration of smart technology and connectivity features.

Markntel Advisor's Coffee Machine Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Coffee Machine market drivers, barriers, trends, and key Coffee Machine companies operating globally.

Key Takeaways from the Report:

• As per Markntel Advisors estimates, Asia-Pacific Coffee Machine Market dominated with a substantial share in the recent years, driven by rising coffee consumption across the region.
• In the End User segment of the global industry, Residential coffee makers is projected to lead the industry expansion. These flourishing requirements are significantly attributed to the countries including the United States and South Korea are witnessing high demand and preference for household coffee machines
• Notable Keurig Dr Pepper, Jura Elektroapparate AG, EVOCA (formerly known as N&W Global Vending S.p.A), Melitta, Philips, Breville, Groupe SEB, De Longhi Group, Dualit, Nestle, Electrolux AG, Bosch, and Others are currently operating in the growing industry.
• Group SEB in 2024, expanded its coffee machine lineup with the Krups Evidence, this automation espresso machine offers 15 different presets, allowing users to enjoy a variety of coffee beverages at home.

Coffee Machine Overview

Coffee machines are appliances that work on various brewing processes to extract coffee. These machines are used for residential purposes and commercial consumption in offices, retail stores, houses, restaurants, and cafes. Automatic coffee machines are easy to use, clean, and last long. They are also known as one-touch coffee machines, super-automatic coffee machines, and multifunctional coffee machines. It reduces the time and effort required to grind and prepare the coffee. Several types of automatic instant coffee machines are available, including bean-to-cup coffee machines, automatic capsule coffee machines, and automatic instant coffee machines.

Coffee Machine Market Insights

According to the recent report published by Markntel Advisors, the Global Coffee Machine Market size is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. The Asia-Pacific coffee machine market gained traction with potential growth, driven by the presence of high coffee-consuming populated countries such as India, China, South Korea, etc. Additionally, the rapid modernization and expanding disposable income further propels the expansion of the coffee machine industry.

Europe is projected to witness substantial growth across the global market, owing to the substantial import of green coffee beans and the demand for espresso-blended drinks.

Coffee Machine Market Dynamics

The industry is driven by the launch of new coffee products, such as green coffee, and flavored coffee, is expected to increase the consumption of coffee. On top of that, the fast-growing market of Ready-To-Drink (RTD) beverages, including coffee-infused drinks, would accompany new technologies being integrated into coffee machines in market development. The popularity of coffee as an affordable flavorful beverage has led to its increased consumption, thereby propelling the industry's growth. Furthermore, the arrival of new cafes, coffee shops, hospitals, offices, and malls, the key end users of coffee machines, has given a lucrative growth opportunity to the market. Moreover, the emergence of super-automatic machines, consistent in quality and operation, is likely to drive the market's growth in the forecast years.

Coffee Machine Market Segmentation:

• Coffee Machine Market By Type: Drip Coffee Machine, Steam Coffee Machine, Capsule Coffee Machine, and Others
• Coffee Machine Market By Sales Channel: Direct Sales, Wholesalers/Retailers, Online
• Coffee Machine Market By Material Mark: Plastic, and Metal
• Coffee Machine Market By Mode of Operation: Manual, Semi-Automatic, Automatic
• Coffee Machine Market By End User: Hotels, Restaurants & Café, Retail Malls/Outlets, Corporates & Institutions, Residential, Others)
• Coffee Machine Market By Region: North America Market, Europe Market, Asia-Pacific Market, Latin America Market, and the Middle East & Africa Market.

Future Outlook of the Coffee Machine Industry

As per the analytical report published by Markntel Advisors, the Coffee Machine industry is anticipated to grow and flourish during the forecast period as the above-stated factors are changing the market landscape and opening doors to market players. Market players can enhance their market size and revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players, with the help of SWOT analysis, can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size and volume of the entire industry at the global level.