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Fully Automatic Coffee Machine Market Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2033
Fully Automatic Coffee Machine Market Outlook
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According to The Business Research Company's, The fully automatic coffee machine market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing interest in appliances that save time and effort, increasing coffee consumption, increasing preference for convenience, increasing consumer demand for environmentally friendly products, and rising awareness of health benefits associated with moderate coffee consumption.
The fully automatic coffee machine market size is expected to see strong growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the growing popularity of specialty coffee beverages, increase in disposable income, increasing automation and ease of use, expansion of specialty coffee shops and cafés, and surge in home coffee consumption. Major trends in the forecast period include technological advancements, product Innovations, Innovations in coffee machine technology, innovation in product design, and integration with smart technology.
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Market Drivers and Trends:
The increase in popularity of coffee enthusiasts worldwide is expected to propel the growth of the fully automatic coffee machine market going forward. A coffee enthusiast, often referred to as a coffee lover, is someone who not only enjoys coffee but also has a profound appreciation for all aspects of it, from its origins to the brewing process. The increasing number of coffee enthusiasts is due to cultural shifts, improved cognitive function and antioxidants, and the ritual of making and enjoying coffee. Fully automatic coffee machines simplify the brewing process by enabling users to prepare various coffee drinks with a button, saving time and effort and making it easier for people to enjoy their favorite coffee beverages regularly. For instance, in December 2023, according to the International Coffee Organization, a US-based intergovernmental organization, as of 2024, around 2.25 billion cups of coffee are consumed worldwide daily, which averages to nearly one cup for every three people on the planet. Therefore, the rise in popularity of coffee enthusiasts worldwide is driving the growth of the fully automatic coffee machine market.
Major companies operating in the fully automatic coffee machine market are focused on developing innovative products such as fully automatic espresso machines to enhance user experience, optimize brewing parameters automatically based on user preferences, and even enable remote operation and maintenance diagnostics for improved efficiency and customer support. Fully automatic espresso machines, also known as super-automatic espresso machines, are advanced coffee makers designed to handle the entire process of making espresso and other coffee beverages with minimal user intervention. For instance, in May 2024, Bosch Home Appliances, a Germany-based company that manufactures coffee machines, launched a new line of fully automatic espresso machines designed to cater to coffee enthusiasts seeking high-quality beverages with minimal effort. Bosch's new line of fully automatic espresso machines combines advanced technology with user-friendly features, aiming to enhance the home coffee brewing experience for consumers.
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Major Key Players of the Market:
Robert Bosch GmbH, BSH Hausgeräte GmbH, Groupe SEB WMF Retail GmbH, Nuova Simonelli, Nestlé Nespresso SA, De Longhi Group, Eversys AG, Newell Brands, Melitta Group Management GmbH & Co KG, Breville Pty Ltd., JURA Elektroapparate AG, Miele And Cie. KG, Thermoplan AG, Gruppo Cimbali SpA, La Marzocco, Bravilor Bonamat, Wilbur Curtis, Ali Group Inc., Ariete LLC, Rancilio Group, Koninklijke Philips N.V., Animo B.V, Gaggia
Fully Automatic Coffee Machine Market 2024 Key Insights:
• The fully automatic coffee machine market size is expected to see strong growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• The Rise Of Coffee Enthusiasts And The Growing Demand For Fully Automatic Coffee Machines
• Innovations And Advancements In Fully Automatic Espresso Machines Enhancing User Experience And Efficiency
• Europe was the largest region in the fully automatic coffee machine market in 2023
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