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Coffee Machines Market Research Report—Global Forecast till 2030

Coffee Machines Market Research Report: Information By Type (Filter Coffee Machines, Capsules Or Pod Coffee Machines, Traditional Espresso Machine And Bean-To-Cup Coffee Machines), Technology (Manual, Semi-Automated and Fully Automated), End-User (Residential, Commercial, Office and Hotels & Restaurants), Distribution Channel( Multi-Branded Stores, Specialty Stores and Online Stores), Payment Mode (Traditional and Advanced), And Region (North America, Europe, Asia-Pacific And Rest Of The World) —Forecast Till 2030

ID: MRFR/CR/6939-CR | February 2021 | Region: Global | 110 Pages         

Coffee Machines Market

The Coffee Machines Market will acquire a CAGR of 5.25% and a valuation of USD 12,944.05 million by 2030 during the forecast period.

Segmentation

By Type Filter Coffee Machines Capsule or Pod Coffee Machines Traditional Espresso Machines Bean-to-Cup Coffee Machines
By Category Semi-Automated Fully Automated
By End-Use Household Commercial

Key Players

  • Keurig Green Mountain Inc. (U.S.)
  • Panasonic Corporation (Japan)
  • NestlĂ© S.A. (Switzerland)
  • Newell Brands (U.S.)
  • De'Longhi Group (Italy)
  • Electrolux AB (Sweden)
  • Melitta (Germany)
  • Morphy Richards (U.K.)
  • Koninklijke Philips N.V.(Netherlands)
  • Hamilton Beach Brands Inc. (U.S.)
  • Illycaffè S.P.A.(Italy)
  • Robert Bosch GmbH (Germany)
  • Simonelli Group S.P.A. Italy)
  • Krups (Germany)
  • JURA Elektroapparate AG (Switzerland)
  • La Cimbali (Italy)
  • Zojirushi America Corporation (Japan)
  • Luigi Lavazza S.p.A. (Italy)
  • Schaerer Ltd (Switzerland)

Drivers

  • Rising Coffee Consumption In Emerging Economies
  • Growth of Food Service Industry
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Coffee Machines Market Overview

The global Coffee Machines market is projected to register a CAGR of 5.25% and reach a value of USD 12,944.05 million by 2030. The first coffee machine was invented by a German entrepreneur, Melitta Bentz, owing to the tendency of percolators to over-brew the coffee, making it bitter. In addition, in 1972, the first series of large-scale WMF coffee machines were manufactured in the German town of Goppingen.


Coffee machines are coffee dispensing appliances that can be semi-automated or fully automated. Coffee machines help in the quick brewing of coffee and maintain the quality and taste of the end product. Based on the several taste preferences and consumer demand for brewing style and ease of use, market players have launched several models with unique technologies. The increasing number of corporate offices equipped with kitchenettes coupled with the growing working population is boosting the sales of coffee machines across the globe.


Market Dynamics


The Global Coffee machines Market is expected to grow at a CAGR of 5.25% during the forecast period 2022-2030. The growth of the global coffee machines market is attributed to the increasing consumption of coffee among global consumers. The expanding commercial sector in Asia-Pacific is anticipated to create opportunities for the global coffee machines market player during the forecast period. However, the increasing number of private label manufacturers for coffee machines is likely to hamper the market growth during the review period.


Drivers:



  • Technological Advancement


The high demand for products and appliances in households that offer optimal accessibility and convenience for each task is primarily driving the sales of coffee machines in both developed and developing economies. User-friendly mechanisms and quality brewing of coffee are increasing the demand for these machines among consumers, encouraging them to switch from conventional preparation methods to specialized machines and smart kitchen appliances. Market players are launching innovative products such as addressing the increasing concern of sanitary and safety issues by innovating low touch and touchless functionalities by Nespresso Professional’s Nespresso Momento eco-system and the company has also introduced contactless remote-control solutions for all its offerings in the coffee machine category. Also, in 2019 Siemen’s has innovated products such as a smartphone-connected coffee machine, double cup filling with a single touch, and an automatic cleaning program. Moreover, Hamilton Beach also has launched automatic re-ordering of brewing supplies using IoT technology. Smart coffee makers offer the benefit of consuming coffee on the go and the option to select from a wide variety of coffee recipes from the mobile application. Therefore, the increasing technological advancements among key coffee machine manufacturers are anticipated to propel the growth of the market during the forecast period.


Restraint:



  • High Maintenance Cost of Coffee Machines


To have the best brewed and good quality coffee with no compromise on the taste and aroma of the coffee, coffee machines require maintenance at regular intervals of weekly to 6 months based on the frequency of usage. Though the weekly maintenance includes basic cleaning and washing of components which in general can be carried out by an operator itself. While the components like gaskets, steam arms, valve gaskets, and rings may wear out and needs to be repaired or tuned up, or even changed during maintenance. These maintenance costs may vary from quarterly service charges of an average of USD 80 per hour to an overall cost of USD 175 for 1.5 hours, for annual service of USD 300 to 500 per visit. Whereas the replacement of the component can charge approximately USD 1200 to 3000. Though most of the branded players provide first-time service free of cost or discounted rate, the other service charges and components cost a significant charge to the end-user. In a period like now, where companies, retailers, cafés, and restaurants are looking to reduce the overhead expenses and other costs to overcome the inflation-led pressure, the high cost of maintenance of coffee machines especially at offices, residential and commercial spaces will hamper the growth of the coffee machine market growth during the review period.


Opportunities:



  • Expansion of the Commercial Sector in the APAC Region


The number of commercial properties in developing economies such as China, India, and Indonesia have been increasing steadily over the past few years due to the rise in start-ups and opportunities offered by the rapidly growing economies. The demand for large office spaces equipped with the latest amenities such as Wi-Fi, meeting rooms, break areas, and conference rooms are rapidly rising in emerging nations. According to a recent study by MRFR, large office space leasing in major cities of Asia-Pacific is expected to reach 1.35 billion sq ft by 2030 which is driven by opportunities that arise as part of India’s aim toward a USD 5 trillion economy, China’s growth towards being the world’s largest economy like the US, etc., Corporate offices in developing economies in Asia-Pacific are often equipped with games, vending machines, and modular kitchens having the latest appliances such as coffee and tea machines, microwaves, refrigerators, and cooktops to cater to the needs of the employees. Thus, the growth in the commercial sector and an increase in the number of start-ups in developing nations are expected to create lucrative opportunities for players in the global coffee machines market during the forecast period.


Segment Overview


By Type


Based on type, the global Coffee machines market has been segmented into filter coffee machines, capsules or pod coffee machines, traditional espresso machine and bean-to-cup coffee machines. The filter coffee machines segment accounted for the largest market share of 32.85% in 2021. However, the capsule or pod coffee machines segment is likely to register a higher CAGR of 5.86% during the forecast period.


By Technology


Based on technology, the global Coffee machines market has been segmented into manual, semi-automated and fully automated. The semi-automated segment accounted for a larger market share of 51.40% in 2021. However, the fully automated segment is likely to register a higher CAGR of 5.65% during the forecast period.


By End User


Based on end-user, the global Coffee machines market has been segmented into residential, commercial, office, hotels & restaurants and others. The commercial segment accounted for a larger market share of 39.63% in 2021 and is likely to register a higher CAGR of 5.47% during the forecast period.


By Distribution Channel


Based on distribution channel, the global Coffee machines market has been segmented into multi-branded stores, specialty stores, online stores and others. The specialty stores segment accounted for a larger market share of 48.80% in 2021. However, the online stores segment is likely to register a higher CAGR of 5.85% during the forecast period.


By Payment Mode


Based on payment mode, the global Coffee machines market has been segmented into traditional and advanced. The traditional segment accounted for a larger market share of 70.87% in 2021.However, the advanced segment is likely to register a higher CAGR of 5.52% during the forecast period.


Global Coffee machines Market Share, by Region, 2020 (%)
Coffee machines Market Share, by Region, 2020 (%)
Sources: MRFR Analysis


Regional Analysis


By region, the global Coffee machines market has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America accounted for the largest market share of 39.01% in 2021, the market is expected to register the highest CAGR of 5.30% during the forecast period. Europe was the second-largest market in 2021, the market is projected to exhibit a CAGR of 5.35%.


North America


North America is accounting for 39.01 % of market proportion in the year of 2021 and it is projected to expand at a high CAGR of 5.30% the forecast period of 2022-2030. The growing benefits associated with the consumption of coffee in the region are expected to increase its demand during the forecast period. For instance, according to the American College of Cardiology, the largest benefit was associated with two to three cups of coffee per day, which equated to a 10%–15% decreased risk of coronary heart disease, heart failure, a cardiac rhythm issue, or passing away for any reason. People who drank one cup of coffee each day had the lowest risk of heart disease or stroke. Apart from this, the growing expansion policies adopted by major players operating in the region are expected to further contribute to its market growth. As a part of this, in June 2022, Nespresso Professional expanded its momento coffee system portfolio with the addition of a momento coffee and milk machine. The momento coffee & milk machine uses touchless technology and has been created to provide a variety of options, including lattes, macchiatos, espressos, and americanos. The presence of key players in the North America region such as Keurig Dr Pepper and Starbucks Corporation is projected to fuel the growth of the North America market during the forecast period.


Europe


Europe is also accounting for significant market share in the global Coffee machines market in the year of 2021 and is expected to grow at a CAGR of 5.35% during the forecast period 2022-2030. The global market in Europe is expected to grow significantly during the forecast period owing to the increasing demand for several specialty coffees, the development of new technologically advanced products, and rising demand for easy-to-use capsules/pod coffee and automatic bean-to-cup machines. For instance, in May 2021, Lavazza Professional launched, Flavia Creation 600 (C600) coffee machines which the company describes as “the single biggest step-change Flavia has ever come across. The company also introduced a new selection of coffee alternatives to UK employees for the first time as part of a reinvented beverages menu in advance of the reopening of offices there. Strategic partnerships and collaborations between major players are expected to contribute to the growth of the market in the region. For instance, Nestlé S.A. and Starbucks Corporation entered into a long-term licensing partnership in May 2018. According to the terms of this partnership, Nescafé is expected to market Starbucks’ products in Europe and Latin America. The key players operating in the region, especially in Italy, such as Nestlé S.A., The Tassimo Hot Beverage System, Luigi Lavazza S.p.A., and Dualit Limited, are boosting the growth of the market.   


Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Nestlé, De'Longhi Appliances S.R.L, Keurig Green Mountain, Inc., Panasonic Corporation and Newell Brands dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.


Prominent players in the global Coffee machines market include Revlon Nestle S.A, De'Longh Appliance, Keurig Green Mountain, Inc., Panasonic Corporation, Newell Brands, Hamilton Beach Brands Inc, Robert Bosch gmbh, Breville USA Inc, Electrolux AB, and Morphy Richards


Recent Developments


Few developments that occurred in recent times influencing the market growth of Coffee machines are listed below:



  • In July 2022, Keurig and BLK & Bold Coffee Announce New K-Cup Pod Partnership. New features within the Keurig brewing system that BLK & Bold will benefit from include MultiStream technology, which uses five streams of water to thoroughly saturate the coffee grounds and extract full flavor and aroma from each K-Cup pod.


Scope of the Report


Global Coffee machines Market, by Type



  • Filter Coffee Machines

  • Capsules Or Pod Coffee Machines

  • Traditional Espresso Machine

  • Bean-To-Cup Coffee Machines


Global Coffee machines Market, by Technology



  • Manual

  • Semi-Automated

  • Fully Automated


Global Coffee machines Market, by End User



  • Residential

  • Commercial

  • Office

  • Hotels & Restaurants

  • Others


Global Coffee machines Market, by Distribution Channel



  • Multi-Branded Stores

  • Specialty Stores

  • Online Stores

  • Others


Global Coffee machines Market, by Payment Mode



  • Traditional

  • Advanced


Global Coffee machines Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Intended Audience



  • Coffee Shops

  • Cafes

  • Hotels & Restaurants



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 12,944.05 million
  CAGR   5.25
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Category, By End-Use, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Keurig Green Mountain Inc. (U.S.), Panasonic Corporation (Japan), NestlĂ© S.A. (Switzerland), Newell Brands (U.S.), De'Longhi Group (Italy), Electrolux AB (Sweden), Melitta (Germany), Morphy Richards (U.K.), Koninklijke Philips N.V.(Netherlands), Hamilton Beach Brands Inc. (U.S.)
  Key Market Opportunities   Mounting Demand for Organic Coffee to Offer Growth Opportunities
  Key Market Drivers   Rising Coffee Consumption In Emerging Economies


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Frequently Asked Questions (FAQ) :

Coffee machines market valuation would be 5.25% during the forecast period.

Coffee machines market valuation would be USD 12,944.05 million.

The filter coffee segment would drive coffee machines market ahead.

North America would lead coffee machines market.

The APAC region would be the fastest-growing coffee machines market.