MarkNtel Advisors – Leading Market Research Company found Global Coffee Machine Market is expected to reach 8.0% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Global Coffee Machine Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Coffee Machine Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the Coffee Machine Market Report:
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 popularity of coffee capsules and their enhanced flavorful coffee, along with the onset of coffee machines integrated with Bluetooth, Wi-Fi, voice assistance, etc., has positively influenced the sales of coffee machines in recent years. Furthermore, the most recent advancements in the industry are the machines equipped with features to be accessed and controlled through smart devices like Google Home and Smartphones from anywhere within the house. As a result, the popularity of such coffee machines and increasing demand for them are expected to expand the market positively in the forecasting period.
Which prominent factor is expected to drive the Coffee Machine Market during 2023-28?
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. Besides, the advertisement of coffee as a refresher, along with its health benefits among consumers, has made it the standard beverage to be shared even in the household. Further, the major market players focus on integrating various technologies, features, and automatic functions into machines, further pushing the market forward. Additionally, with the fast-moving lifestyle, the soaring need for automatic, pre-grind, and pre-infused features for consumers would maintain the industry's trajectory as the companies comply with consumers' demands. Moreover, the emergence of super-automatic machines, consistent in quality and operation, is likely to drive the market's growth in the forecast years.
What are the different Segment Available in the Coffee Machine Market?
By Type of Machine
- Drip Coffee Machine
- Steam Coffee Machine
- Capsule Coffee Machine
- Others
By Mode of Operation
- Manual
- Automatic
- Semi- Automatic
By Sales Channel
- Direct Sales
- Wholesalers/Retailers
- Online
By Material Make
- Plastic
- Metal
By End Users
- Hotels
- Restaurants & Café
- Retail Malls/Outlets
- Corporates & Institutions
- Residential
By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia Pacific.
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Leading Coffee Machine companies operating in the Market
- 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.
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