The global coffee machines market size is expected grow from $10.45 billion in 2021 to $11.20 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The coffee machine market is expected to reach $14.64 billion in 2026 at a CAGR of 6.9%.
What is the Global Coffee Machines Market?
The coffee machines market consists of sales of coffee machines and related services that are used in hotels, restaurants, cafes, and offices. Coffee machines are the small electrical machines used for coffee making.
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What drives the Global Coffee Machines Market?
The growing popularity of instant non-alcoholic beverages such as coffee in restaurants, office cafeterias propel the growth of the coffee machines market. The coffee machines reduce the time and effort required in preparing a cup of coffee when used in coffeehouses, and office cafeterias. Increasing need of non-alcoholic beverages drinks among millennials, consumer awareness towards low sugar and non-alcoholic drinks, busy work schedules and changing consumer taste are a few of the reasons that has attributed towards the rise in the popularity of instant non-alcoholic beverages such as coffee. Due to increasing demand for coffee, the coffee provider companies are investing in appropriate equipment and innovating ways such as coffee capsules to offer better tasting coffee as more profitable options. The increasing use of coffee machines in restaurants, office cafeterias to fulfil the increased demand for instant non-alcoholic beverages such as coffee increases the demand of coffee capsules, is thus increasing the growth of the coffee machines market.
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Global Coffee Machines Market Segments
The global coffee machines market is segmented:
By Type: Filter Coffee Machines, Pod/Capsule Coffee Machines, Traditional Espresso Machines, Bean-to-Cup Coffee Machines
By Product: Drip Filter, Capsule, Espresso, Bean-to-Cup
By End-User: Household, Commercial
By Geography: The regions covered in the coffee machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Coffee Machines Global Market Report 2022 provides market size and growth forecasts for the global coffee machines market, global coffee machines market share, coffee machines market segments and geographies, coffee machines market competitive landscape including leading competitors’ revenues, profiles and market shares. The coffee machines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Coffee Machines Industry Players include Keurig Green Mountain Inc., Panasonic Malaysia, Nestlé Nespresso S.A., De’Longhi Appliances S.r.l., Electrolux, Morphy Richards India, Koninklijke Philips N.V., Hamilton Beach Brands, Inc., Schaerer, and Robert Bosch GmbH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
