The global coffee machine market is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for smart kitchen appliances in households and expanding working class population base.
A coffee machine is also called as coffee maker. It is an electric countertop appliance that brews hot coffee automatically. A coffee machine is made up of a hot plate, a carafe or glass coffee pot, filter basket, and water reservoir. Coffee machine works on various brewing processes. Coffee machines use coffee grounds, which are usually placed in a metal strainer inside the pipe. They save time and directly affect the taste of the coffee. Coffee machines are easy to handle and provide consistent brewing results.
Market Trends, Drivers, Restraints, and Opportunities
- Surge in coffee drinking population is anticipated to propel the market growth.
- Increasing disposable income is driving the demand for product in the emerging economies.
- Rising millennial population is driving the growth of the market.
- High cost of repair and maintenance can restrain the market growth
- Mounting demand for organic coffee is speculated to offer growth opportunities in the coming years.
Scope of Coffee Machine Market Report
The report on the coffee machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Coffee Machine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Drip Filter, Capsule, Espresso, and Bean-to-Cup) and Applications (Residential and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Keuring Green Mountain, Inc., Panasonic, Nestle Nespresso, De’Longhi Appliances, Electrolux, Morphy Richards, Koninklijke Philips, Hamilton Beach Brands, Inc., Schaerer, Robert Bosch GmbH., Newell Brands, Melitta, Illycaffe S.P.A., Simonelli Group S.P.A., Krups, Maxwell Brands, JURA Elektroapparate AG, La Cimbali, Zojirushi America Corporation, Luigi Lavazza S.p.A., and Schaerer Ltd
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Coffee Machine Market Segment Insights
Drip filters segment anticipated to grow at a rapid pace
On the basis of products, the market is divided into drip filters, capsules, espresso, and bean-to-cup. Drip filter segment is anticipated to account for a major market share during the forecast period. The components of drip filter machine consists of filter and cone, which are reusable. This, in turn, has increased the adoption of drip filter coffee machines. On the other hand, the capsule coffee segment is expected to grow at healthy rate during the forecast period owing to its ease of use and low maintenance.
Commercial segment to account for a large market share
Based on the applications, the market is divided into residential and commercial. The commercial segment accounted for more than 50% of the coffee machine market share. Increasing number of cafes and restaurants is driving the market growth. Rapidly growing corporate sector is boosting the demand for the product. Conversely, the residential segment anticipated to exhibit a high CAGR owing to high coffee consumption and penetration of smart homes across the globe
Europe to account for a significant market share
On the basis of regions, the market is divided into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. Europe is speculated to account for a significant market share during forecast period. The market in North America expected to grow at a healthy rate owing to increasing the number of cafes and restaurants. Rising disposable income and increasing number of smart homes is spurring the growth of the market in this region.
Segments
The coffee machine market has been segmented on the basis of
Products
- Drip Filters
- Capsules
- Espresso
- Bean-to-Cup
Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Keuring Green Mountain, Inc.
- Panasonic
- Nestle Nespresso
- De’Longhi Appliances
- Electrolux
- Morphy Richards
- Koninklijke Philips
- Hamilton Beach Brands, Inc.
- Schaerer
- Robert Bosch GmbH.
- Newell Brands
- Melitta, Illycaffe S.P.A.
- Simonelli Group S.P.A.
- Krups
- Maxwell Brands
- JURA Elektroapparate AG
- La Cimbali
- Zojirushi America Corporation
- Luigi Lavazza S.p.A.
- Schaerer Ltd
Competitive Landscape
Major players of the coffee machine market are Keuring Green Mountain, Inc., Panasonic, Nestle Nespresso, De’Longhi Appliances, Electrolux, Morphy Richards, Koninklijke Philips, Hamilton Beach Brands, Inc., Schaerer, Robert Bosch GmbH. Newell Brands, Melitta, Illycaffe S.P.A., Simonelli Group S.P.A., Krups, Maxwell Brands, JURA Elektroapparate AG, La Cimbali, Zojirushi America Corporation, Luigi Lavazza S.p.A., and Schaerer Ltd
In 2020, Maxwell House had launched 100% compostable Pod Coffee Machine that is completely made from plant-based materials. The inner bag is 100% compostable, while the outer carton is sustainable and recyclable, which ensures no waste.
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