Automatic Coffee Machines Market Value to Grow by Almost $99.66 Billion During 2021-2031

According to Future Market Insights (FMI), the market for an automatic coffee machine is expected to reach US$ 99.66 Bn by the end of 2031. The growing coffee culture will continue to be a key driver, but FMI analysts found that the market is still benefiting from the rising demand for automatic coffee machines at commercial places. Besides, the customization offered by semi-automatic coffee machines is also gaining popularity.

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The automatic coffee machine has become an essential component of the commercial environment. College campuses, corporate buildings, hospitals, government offices, restaurants chains, and offices play a significant role at the workplace or social life events; likewise, witness higher coffee consumption. Like other beverages, consumption of coffee helps people to stay alert and increase productivity which results in uplift demand for automatic coffee machines at such places. Thus, with the increasing installation of automatic coffee machines at commercial places, manufacturers are highly likely to gain substantial growth in sales volume in the near future.

Key Takeaways
• Automatic coffee machine market growth rose by over 3% in 2021 in comparison to 2020. FMI forecasts it to exhibit 6.1% CAGR in 2021
• Market outlook remains strong as FMI forecasts it to exhibit 6.5% CAGR between 2021 and 2031
• U.S. will hold over 72.6% of North America in 2021 and the outlook for the remaining forecast period stays positive
• UK will register a growth of 4.7% YOY
• Germany will remain the dominant market for automatic coffee machine sales in Europe

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Competition Landscape
The global automatic coffee machine market witnesses a fairly consolidated competitive landscape, where the majority of prominent players maintain their strategic focus on product quality, product variety, eco-friendly product launches, and market expansion.

The report highlights some prominent players in the global automatic coffee machine market, which include Koninklijke Philips N.V, Keurig Green Mountain, Inc., De'Longhi Appliances s.r.l, Nestlé Nespresso S.A, Melitta Group, JURA Elektroapparate AG, BUNN-O-Matic Corporation, BSH Hausgeräte GmbH, Bravilor Bonamat B.V, and Animo B.V, among others. Market players are primarily focused on various marketing campaigns to promote their products and create brand awareness among consumers, social media influence being on a high rise.

By Segment:
Product Type
• Fully Automatic
• Super Automatic
• Semi-Automatic
End-Use
• Hotel
• Restaurant
• Cafe
• Institutional
• Residential
Price Range
• Low
• Medium
• High
Regional Outlook
• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
• Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
• East Asia (China, Japan, South Korea)
• South Asia (India, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)

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Product launches will remain a key strategy adopted by market players to gain a competitive advantage. Companies are introducing products that satisfy the consumers. The reason being, consumers are giving more importance to comfort and relaxation within the offices too.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

This release was published on openPR.