In-Depth Analysis of the Self Service Coffee Machine Market's Growth Trajectory and Industry Trends

The new report published by The Business Research Company, titled Self Service Coffee Machine Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the self service coffee machine market size has grown rapidly in recent years. It will grow from $5.89 billion in 2023 to $6.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The self service coffee machine market size is expected to see strong growth in the next few years. It will grow to $9.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.

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Self-Service Coffee Machines: Fueled By Growing Coffee Consumption
Rising coffee consumption is expected to propel the growth of the self-service coffee machine market going forward. Coffee consumption refers to consuming or drinking coffee as a beverage. Coffee is a popular beverage made from roasted coffee beans, which are the seeds of the coffee plant. Self-service coffee machines play a significant role in coffee consumption by being easily accessible, convenient, and customizable for consumers. Self-service coffee machines' ease of use, customization options, and wide availability make them popular for coffee consumption in various settings like hotels, restaurants, cafes, workplaces, and others. For instance, in March 2022, according to the NCA (National Coffee Association), a US-based trade association, 66% of Americans regularly consume coffee in 2022, more than any other beverage (including tap water), and an increase of about 14% since January 2021. Compared to 80% in January 2020, 84% of coffee consumers now report having coffee at home. Therefore, rising coffee consumption is driving the growth of the self-service coffee machine market.

Advanced Technologies Reshaping The Self-Service Coffee Machine Landscape
Advanced technologies are a key trend gaining popularity in the self-service coffee machine market. Major companies operating in the self-service coffee machine market are focused on adopting new and advanced technologies to sustain their position in the market. For instance, in July 2021, Nestle Nespresso S.A., a Switzerland-based food and beverage company, launched new touchless features for its Nespresso Momento range. The three new touchless functionalities for the Nespresso Momento eco-system include remote control, automatic brewing, and lock-screen. Coffee consumers can operate Nespresso Momento machines remotely from their smartphones via an easy-to-use web app. The Nespresso Momento machines also have a lock-screen option that enables secure staff interaction. It will allow workers to insert the capsule and select their chosen cup size and recipe from their phone without touching the machine.

The self service coffee machine market covered in this report is segmented -

1) By Sales Type: Machine Sales, Rental Service
2) By Distribution Channel: Direct Sale, Indirect Sale
3) By Application: Hospitality, Offices, Other Applications

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Major companies operating in the self service coffee machine market report are Starbucks Corporation, Philips, JDE Peet's, Miele, Nestlé Nespresso, De'Longhi Group, Lavazza Group, Franke Group, Melitta Group, WMF Group, Hamilton Beach Brands, Thermoplan AG, La Marzocco, Rancilio Group, JURA Elektroapparate AG, Grindmaster-Cecilware, Wilbur Curtis Co., Schaerer AG, Crem International, Fetco Corporation, Bezzera, Coffee Machine Technologies, Cimbali Group, Marco Beverage Systems, Nuova Simonelli

Contents of the report:
1. Executive Summary
2. Self Service Coffee Machine Market Report Structure
3. Self Service Coffee Machine Market Trends And Strategies
4. Self Service Coffee Machine Market - Macro Economic Scenario
5. Self Service Coffee Machine Market Size And Growth
…..
27. Self Service Coffee Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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