Automatic Coffee Machines Market Expected To Reach US$ 99.66 Bn By The End of 2031

Coffee has become essential to start a day. Everyone has their own preference when it comes to drink coffee, and from traditional espresso to filter coffee to mocha, automatic coffee machine serves every coffee variant and excel in different flavors. Manufacturers are offering a varied range of coffee making equipment and solutions owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.

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According to Future Market Insights (FMI), the market for 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 market is still benefiting from rising demand for automatic coffee machines at commercial places. Besides, the customization offered by semi-automatic coffee machine is also gaining popularity.

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 the North America in 2021 and outlook for the remaining forecast period stays positive
• UK will register a growth of 4.7% YOY
• Germany will remain dominant market for automatic coffee machine sales in Europe

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Competitive Analysis:
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.

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By Segmentation:
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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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.