The global coffee machine market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022- 2028). A coffee machine is an electric appliance used to brew coffee. It works on the various brewing process, saves time, and directly affect the taste of the coffee. Coffee machines are easy to use and clean. The change in preference and awareness about the health benefits such as the reduced risk of type 2 diabetes, liver cancer, and liver diseases are some factors that are driving the growth of the market. Coffee machines reduce the time and effort required to prepare coffee in coffeehouses and office cafeterias and the increase in demand for coffee has encouraged the coffee machine manufacturers to design machines with new and innovative technology. Easy in use and consistent brewing all these factors are supporting to accelerate the growth of the market. Additionally, the demand for automatic coffee machines is increasing, and also smart coffee machines available in the market which has Bluetooth or Wi-Fi facility are some boosting factors for the market during the forecast period. However, the high cost of maintenance is expected to restrain the growth of the market.
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Some major players in the market include Keurig Green Mountain Inc., Panasonic Corp, and Nestle’ S.A., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in October 2020, Nestlé’s coffee brand, Nespresso, launched new touchless functionalities. Nespresso launched three new options for its Nespresso Momento machines to enable employees to maintain social interactions around a cup of coffee more safely. Additionally, in April 2019, Electrolux, one of the global leaders in home appliances, acquired Unic for an undisclosed amount. Through this acquisition, Unic expanded its product offerings and accelerate international growth within the coffee espresso segment, a significant and fast-growing part of the foodservice business.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Operation Category
- By End-User
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Keurig Green Mountain Inc., Panasonic Corp, and Nestle’ S.A., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Coffee Machine Market Report by Segment
By Product Type
- Filter Coffee Machines
- Capsule or Pod Coffee Machines
- Traditional Espresso Machines
- Bean-to-Cup Coffee Machines
By Operation Category
- Semi-Automated
- Fully Automated
By End-User
- Residential
- Commercial
By Distribution Channel
- Multi-Branded Stores
- Specialty Stores
- Online Stores
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