Coffee Machine Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Animo BV, Bravilor Bonamat BV, Bunn-O-Matic Corp.

The global coffee machine market is anticipated to grow at a CAGR of 4.6% during the forecast period. Recent trends in the global coffee machine market include the introduction of smart coffee machines with Bluetooth, Wi-Fi, and artificial intelligence capabilities. These smart coffee machines enable users to access and control them from anywhere through smartphones. Apart from offering enhanced efficiency, the unique technology of smart coffee machines allows users to control the appliance using voice commands, and features face recognition and touch screens. With smart living and home technologies paving their way into the market, the demand for smart coffee machines is expected to increase extensively over the years, consumers are inclining toward these machines due to increased convenience as they wirelessly connect to smartphones, Bluetooth, or Wi-Fi and can be easily operated through the smart devices.

Manufacturers in the coffee machine market are inclining their efforts toward developing coffee machines with Wi-Fi connectivity, remote control, capsule recognition features voice assistance, which is likely to prove crucial for growth in the coming years. For instance, in 2020, Nespresso Professional launched new touchless functionalities which consist of three new options for its Nespresso Momento eco-system to enable employees to maintain social interactions more safely. Nespresso Professional will be launching a remote-control solution for all Nespresso Momento machines, where coffee drinkers will be able to control the machine from their mobile phones through a web app. Another option that the company has added is automatic brewing through which coffees will be brewed without touching the screen instead the machine will recognize the inserted capsule and brew the coffee according to the predefined cup size. The coffee machine also features a lock-screen option that enables each coffee drinker to disinfect the touchscreen before interacting with it.

Furthermore, to cater to the increasing demand for AI-enabled smart coffee machines, key players are focusing on expanding and introducing more coffee machines in the market. For instance, Starbucks prepares to launch 4,000 new Mastrena II coffee machines in stores in 2021. The company released 1,900 of these AI-enabled machines in 2019 following a launch in March. Starbucks' internal Deep Brew AI program is coffee machines collect data using sensors built into the machine and speed up line wait times, as the machine could pull together a triple espresso instantly. All stores in the US and Canada are expected to have them by 2022.

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Market Coverage

• The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Product Type

· By Technology

· By End-User

· By Distribution Channel

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- De'Longhi Group, JURA Elektroapparate AG, KeurigDr Pepper Inc, Newell Brands, Inc, Nestlé Nespresso SA, Panasonic Corp., Schaerer AG, and others.

Coffee Machine Market Report Segment

By Product Type

· Filter Coffee Machines

· Capsule or Pod Coffee Machines

· Traditional Espresso Machines

· Bean-to-cup Coffee Machines

By Technology

· Manual

· Semi-automated

· Fully Automated

By End-User

· Residential

· Commercial

By Distribution Channel

· Online

· Offline

A full Report of Coffee Machine Market is Available @ https://www.omrglobal.com/industry-reports/coffee-machine-market

Coffee Machine Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Animo BV

· Bravilor Bonamat BV

· Bunn-O-Matic Corp.

· BSH Home Appliances Ltd

· Electrolux Professional AB

· Groupe SEB USA

· GruppoCimbaliS.p.A.

· Hamilton Beach Brands, Inc.

· JURA Elektroapparate AG

· Koninklijke Philips N.V.

· LUIGI LAVAZZA S.P.A.

· Melitta UK Ltd

· Morphy Richards India

· Nestlé Nespresso SA

· Nuova Distribution USA, LLC.

· RANCILIO GROUP S.p.A.

· Schaerer AG

· Zojirushi America Corp.

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