Coffee Machines Market 2023: Size, Share, Segments, Data, Research, And Forecast
As per the coffee machines market report by The Business Research Company, the growing popularity of instant non-alcoholic beverages such as coffee in restaurants, and office cafeterias propels 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. The increasing need for non-alcoholic beverages drinks among millennials, consumer awareness toward low sugar and non-alcoholic drinks, busy work schedules, and changing consumer taste are a few of the reasons that have attributed to the rise in the popularity of instant non-alcoholic beverages such as coffee.
The global coffee machines market will grow from $11.2 billion in 2022 to $11.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global coffee machines market is expected to grow to $15.65 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the coffee machines market 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.
The 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the coffee machines market in 2022.
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Coffee machines are small electrical machines used for coffee making. They are used in hotels, restaurants, cafes, and offices.
The Table Of Content For The Coffee Machines Market Include:
1. Executive Summary
2. Coffee Machines Market Characteristics
3. Coffee Machines Market Trends And Strategies
4. Coffee Machines Market - Macro Economic Scenario
5. Coffee Machines Market Size And Growth
6. Coffee Machines Market Segmentation
26. Africa Coffee Machines Market
27. Coffee Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coffee Machines Market
29. Coffee Machines Market Future Outlook and Potential Analysis
The "Global Coffee Machines Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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