What Is The Scope Of The Global Market?
A commercial coffee urn is a large-capacity coffee brewing device designed for high-volume use in offices, events, catering services, and hospitality establishments. It is built to brew and hold large quantities of coffee, typically ranging from several gallons to over a dozen gallons, depending on the model.
Commercial Coffee Urn Global Market Report 2024 provides data on the global commercial coffee urn market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial coffee urn market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Commercial Coffee Urn ?
The commercial coffee urn market has grown consistently, from $1.26 billion in 2023 to $1.26 billion in 2024 at a CAGR of 8.4%. Growth drivers include increasing demand for coffee-based beverages, a rise in online portals, the growth of hospitality establishments, and the internet's proliferation. By 2028, the market is expected to reach $1.91 billion at a CAGR of 8.7%, driven by sustainability efforts, smartphone adoption, specialty coffee availability, and the expansion of commercial kitchens. Key trends include self-cleaning functionalities, advancements in coffee technology, innovative product designs, and insulation advancements.
What Are The Leading Drivers Of Growth In The Commercial Coffee Urn Market?
The increasing number of hotels and restaurants is expected to fuel the growth of the commercial coffee urn market. This growth is driven by the rise in domestic and international travel, the popularity of food tourism, and an increasing number of events, conferences, and conventions. Coffee urns are critical in hotels and restaurants for serving large quantities of coffee, ensuring continuous access for guests while optimizing service efficiency. According to the Bureau of Labor Statistics, the number of U.S. establishments in the accommodation and food services sector rose from 773,081 in early 2023 to 789,430 by the end of the year. Therefore, the growth in hotels and restaurants is supporting the commercial coffee urn market.
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How Are The Segments Defined Within The Global Commercial Coffee Urn Market?
The commercial coffee urn market covered in this report is segmented –
1) By Type: Traditional, Digital
2) By Capacity: Up To 5 Liters, 5 - 10 Liters, More Than 10 Litres
3) By Material: Stainless Steel, Aluminum, Other Materials
4) By Distribution Channel: Online, Offline
5) By Application: Restaurant, Office Building, Others Applications
How Are New Trends Expected To Influence The Growth Of The Commercial Coffee Urn Market?
Key players in the commercial coffee urn market are introducing innovative automated coffee machines to improve beverage quality and streamline high-demand operations. Automated coffee machines brew coffee efficiently with minimal user involvement. For instance, in March 2022, Wilbur Curtis Co., a US-based coffee urn manufacturer, launched the Schaerer Coffee Skye, an automated coffee machine featuring precise temperature control, predictive maintenance, and an intuitive interface for seamless operation and upkeep.
Which Region Drives The Highest Growth In The Commercial Coffee Urn Market?
North America was the largest region in the commercial coffee urn market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial coffee urn market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
