Coffee Machine Market Will Generate Record Revenue by 2028
The global coffee machine market is anticipated to grow at a CAGR of 4.6% during the forecast period (2022-2028). 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.
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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.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global 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
Global Coffee Machine Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global coffee machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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