2024 Coffee Machines Market Report by The Business Research Company Projects 5.2% CAGR to $14.62B by 2028

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Coffee Machines Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $14.62 billion In 2028 At A CAGR Of 5.2%:
The coffee machines market size has grown steadily in recent years. It will grow from $11.42 billion in 2023 to $11.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to growing introduction of espresso machines, popularity of drip coffee makers, pioneering coffee machine brands, patents and innovations, single-serve pod systems.

The coffee machines market size is expected to see strong growth in the next few years. It will grow to $14.62 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to innovative marketing and branding, premiumization trend, customization and personalization, market expansion in developing regions, e-commerce growth. Major trends in the forecast period include smart and connected machines, sustainability and eco-friendly designs, single serve and pod-compatible machines, specialty coffee brewing, integrated grinder systems.

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Coffee Machines Market Major Segments
The coffee machines market covered in this report is segmented -
1) By Type: Filter Coffee Machines, Pod/Capsule Coffee Machines, Traditional Espresso Machines, Bean-to-Cup Coffee Machines
2) By Product: Drip Filter, Capsule, Espresso, Bean-to-Cup
3) By End-User: Household, Commercial

Key Driver - Expanding Popularity Of Instant Non-Alcoholic Coffee In Foodservice And Office Settings Fuels The Coffee Machines Market Growth

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. Due to the increasing demand for coffee, 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 and office cafeterias to fulfill the increased demand for instant non-alcoholic beverages such as coffee increases the demand for coffee capsules, thus increasing the growth of the coffee machines market.

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Prominent Trend - The Rise Of Smart Coffee Machines With Bluetooth And Wi-Fi Connectivity In The Coffee Machines Market

Smart coffee machines with Bluetooth or Wi-Fi connectivity are a key trend driving the growth of the coffee machines market. The smart coffee machines can be accessed via smartphones, and users can monitor them from anywhere in the house and can also send smartphone commands. Most coffee makers have their software to configure the brew settings and plan brew times. For instance, in July 2021, Keurig Dr. Pepper, a US-based company operating in beverage brewing systems for home and commercial use, introduced BrewID Smart Coffee Market Technology for a coffee machine that enables WiFi connectivity. Keurig's new BrewID technology can be connected to clients' smartphones to enable control over temperature, size, and auto-brew controls, for the customization of the brewery. Therefore, smart coffee machines with Bluetooth or Wi-Fi connectivity are expected to continue this trend in the coffee machines market.

Coffee Machines Market Players
Major companies operating in the coffee machines market report are Robert Bosch GmbH, Koninklijke Philips N.V., BSH Hausgeräte GmbH, Stanley Black & Decker India Private Limited, AB Electrolux, Newell Brands Inc., Groupe SEB Krups, Nestlé Nespresso S.A., Keurig Green Mountain Inc., De'Longhi Appliances S.r.l., Melitta Group KG, WMF Group, Philips India Limited, JURA Elektroapparate AG, Tsann Kuen Enterprise Co. Ltd., Hamilton Beach Brands Inc., Bear Electric Appliance Co. Ltd., illycaffè S.p.A., Zojirushi Corporation, Usha International Ltd., Bajaj Electricals Limited, TTK Prestige Limited, Preethi Kitchen Appliances Pvt. Ltd., La Cimbali S.p.A., Rancilio Group S.p.A., Coffee Day Global Limited, Foshan Shunde Colia Hardware Electric Appliance Co. Ltd., Panasonic Corporation Malaysia Sdn. Bhd., CMA Astoria S.p.A., LA Spaziale S.p.A.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the coffee machines market in 2023. Western Europe was the second-largest region in the global coffee machines market share. The regions covered in the coffee machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Coffee Machines Market Report Structure
3. Coffee Machines Market Trends And Strategies
4. Coffee Machines Market - Macro Economic Scenario
5. Coffee Machines Market Size And Growth
…..
27. Coffee Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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