The fully automatic coffee machine market has seen significant growth, expanding from $3.79 billion in 2023 to $3.99 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.1%. This growth is fueled by the increasing demand for time-saving appliances, higher coffee consumption, and consumer preference for convenience. The market is projected to reach $4.92 billion by 2028, growing at a CAGR of 5.4%. This anticipated expansion is driven by rising interest in specialty coffee beverages, higher disposable incomes, advancements in automation technology, the proliferation of specialty coffee shops, and increased home coffee consumption. Key trends include innovations in coffee machine technology, advancements in product design, and the integration of smart technology.
Major Driver In The Fully Automatic Coffee Machine Market
The growing number of coffee enthusiasts worldwide is expected to boost the fully automatic coffee machine market. Coffee enthusiasts, who value every aspect of coffee from its origins to the brewing process, are increasing in number due to cultural shifts, cognitive benefits associated with coffee, and the pleasure of the coffee-making ritual. Fully automatic coffee machines cater to this trend by simplifying the brewing process and allowing users to make various coffee drinks effortlessly. In December 2023, the International Coffee Organization reported that global coffee consumption reached approximately 2.25 billion cups daily by 2024, averaging nearly one cup per person. This surge in coffee enthusiasm is driving the demand for fully automatic coffee machines.
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Fully Automatic Coffee Machine Market Competitive Landscape
Robert Bosch GmbH, BSH Hausgeräte GmbH, Groupe SEB WMF Retail GmbH, Nuova Simonelli, Nestlé Nespresso SA, De Longhi Group, Eversys AG, Newell Brands, Melitta Group Management GmbH & Co KG, Breville Pty Ltd., JURA Elektroapparate AG, Miele And Cie. KG, Thermoplan AG, Gruppo Cimbali SpA, La Marzocco, Bravilor Bonamat, Wilbur Curtis, Ali Group Inc., Ariete LLC, Rancilio Group, Koninklijke Philips N.V., Animo B.V, Gaggia
Key Fully Automatic Coffee Machine Market Trend
The fully automatic coffee machine market is witnessing advancements with the introduction of new espresso machines designed for optimal user experience. Bosch Home Appliances, a Germany-based manufacturer, launched a new line of fully automatic espresso machines in May 2024. These machines cater to coffee enthusiasts, offering user-friendly features that simplify the brewing process while ensuring high-quality beverage preparation, thus enhancing the home coffee experience.
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Fully Automatic Coffee Machine Market Segmentation
The fully automatic coffee machine market covered in this report is segmented –
1) By Type: Drip Coffee Maker, Espresso Coffee Maker, Thermal Coffee Maker, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Residential, Commercial
By Geography:The regions covered in the fully automatic coffee machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the fully automatic coffee machine market in 2023.
The Fully Automatic Coffee Machine Global Market Report 2024 furnishes information about the global fully automatic coffee machine market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
