What Factors Propelled The Growth Of The Self Service Coffee Machine Market In The Past?
The self service coffee machine market has seen considerable growth due to a variety of factors.
•The market size of self-service coffee machines has been exponentially expanding over the recent years. The growth, expected to rise from a worth of $6.47 billion in 2024 to $7.12 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%.
is fueled by several factors. Key among them include the rise in urbanization, the blooming coffee culture, hectic lifestyles, expansion in the food service sector, and increasing consumer inclination towards convenience.
What Is The Projected Growth And Market Size For The Self Service Coffee Machine Sector?
The self service coffee machine market is expected to maintain its strong growth trajectory in upcoming years.
• The market for self-service coffee machines is poised for substantial growth in the upcoming years, expected to reach $10.34 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.8%.
Factors contributing to this anticipated growth during the forecast period includes increased inclination towards specialty coffee, growth of coffee shop franchises, elevated consumer consciousness towards sustainable practices, a demand in personalization of coffee choices, and the global spread of coffee culture. Significant trends expected to shape this market in the forecast period include the surging popularity of connected coffee machines, favoring eco-friendly and sustainable solutions, the use of artificial intelligence in coffee machines, creating personalized coffee experiences, and expansion in the cold brew and iced coffee market.
What Are The Core Factors Supporting Growth In The Self Service Coffee Machine Market?
The growth of the self-service coffee machine market is predicted to surge due to increasing coffee consumption. The term coffee consumption pertains to the intake or drinking of coffee as a refreshment. Coffee, a beloved drink worldwide, is brewed from roasted coffee beans, the seeds hailing from the coffee plant. Self-service coffee machines contribute greatly to coffee consumption due to their easy accessibility, convenience, and consumer customization options. The simple operation, variety of customization alternatives, and broad accessibility of self-service coffee machines make them a favourite choice for coffee consumption in diverse places like hotels, restaurants, cafes, workplaces, and more. For example, the NCA (National Coffee Association), a trade organisation based in the US, reported in March 2022 that 66% of American citizens regularly drink coffee in 2022, outpacing all other beverages, including tap water - a rise of nearly 14% from January 2021. Compared to January 2020's 80%, now 84% of coffee drinkers enjoy their coffee at home. Consequently, the escalating coffee consumption is providing impetus to the expansion of the self-service coffee machine market.
What Are The Major Segments Within The Global Self Service Coffee Machine Market?
The self service coffee machine market covered in this report is segmented –
1) By Sales Type: Machine Sales, Rental Service
2) By Distribution Channel: Direct Sale, Indirect Sale
3) By Application: Hospitality, Offices, Other Applications
Subsegments:
1) By Machine Sales: Automatic Machines, Semi-Automatic Machines, Single-Serve Machines
2) By Rental Service: Short-Term Rentals, Long-Term Rentals, Maintenance And Support Services
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Which Trends Are Expected To Transform The Self Service Coffee Machine Market?
Leading companies in the self-service coffee machine market are concentrating on creating innovative products like automatic espresso machines, to increase consumer convenience and optimize efficiency in making coffee. An automatic espresso machine is a coffee maker that simplifies the brewing process of espresso, usually incorporating in-built grinders, milk frothers, and programmable settings for managing brewing period, temperature, and coffee potency. For example, in January 2024, Bosch, a German multinational engineering and technology firm, unveiled the Bosch 800 Series Fully Automatic Espresso Machine, during CES 2024. This revolutionizing product includes sophisticated brewing technology, with features such as the Aroma Max System and an easy-to-use active select display that lets users prepare a vast array of drinks from freshly ground beans at the mere press of a button. The machine also accommodates over 35 beverage options via its Home Connect function, thereby amplifying the overall consumer experience with remote control and diagnostics.
Who Are the Key Players in the Self Service Coffee Machine Market?
Major companies operating in the self service coffee machine market include:
• Starbucks Corporation
• Philips
• JDE Peet's
• Miele
• Nestlé Nespresso
• De'Longhi Group
• Lavazza Group
• Franke Group
• Melitta Group
• WMF Group
• Hamilton Beach Brands
• Thermoplan AG
• La Marzocco
• Rancilio Group
• JURA Elektroapparate AG
• Grindmaster-Cecilware
• Wilbur Curtis Co.
• Schaerer AG
• Crem International
• Fetco Corporation
• Bezzera
• Coffee Machine Technologies
• Cimbali Group
• Marco Beverage Systems
• Nuova Simonelli
What Is The Most Dominant Region In The Self Service Coffee Machine Market?
Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-service coffee machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
