The scope of the publisher's recent study on the “Coffee Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Filter Coffee Machines, Espresso Coffee Machines, Capsule & Pod Coffee Machines, and Others); Category (Manual and Automatic & Semi-Automatic); End-User (Residential and Non-Residential)” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with providing market share analysis.
The coffee machines market was valued at US$ 15,340.33 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. A coffee machine is a device that is used to brew coffee. While there are many types of coffeemakers that use various brewing methods, the most popular devices use a paper or metal filter within a funnel that is put over a glass or ceramic coffee pot, which is a kettle-style cooking pot. Coffee machines are available in various sizes and shapes as well as in different type of models which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. This has played an important role in increasing its demand. In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel segment growth.
Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, pod & capsule coffee machines, and others. The filter coffee machine segment held the largest share in the global coffee machines market in 2020. The filter coffee machine has components such as filter and cone, and are reusable. This has played an important role in increasing its demand. In addition, manufacturers are introducing filter coffees machine with advanced technological features, which is also likely to propel segment growth.
The coffee machines market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Europe accounted for the largest share in the global coffee machines market. Demand for advanced coffee machines in the residential sector is boosting the growth of the coffee machines market. Presence of several major manufacturers in the region have also contributed to this growth. Furthermore, rapidly growing corporate sector will fuel the demand further. Demand for specialty coffee induced with different flavors is driving the growth of coffee machines in the residential segment.
The COVID-19 outbreak pandemic has significantly affected the global coffee machines market. The outbreak has declined operational efficiency and interrupted supply chains owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in supply chain have restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the production of coffee machines. While the demand for coffee machines in non-residential applications fell significantly, demand for coffee machines in residential applications has increased primarily owing to the shutdown of most cafes as well as the shift to work-from-home by the corporates. This also increased the demand for specialty coffee or café-like coffee that can be prepared at home. This has aided the sales of coffee machines.
According to the All Japan Coffee Association, the concept, "café at home" has become quite popular in 2020, so much so that the consumption of coffee at home has rapidly increased. As more and more people have become interested in ways to brew great coffee at home. People who are working from home have started to drink higher amounts of coffee as a result. Moreover, as the international vaccine campaign gathering momentum and the pandemic gradually being brought under control across the developed economies, consumers and companies are slowly returning to normalcy and this is expected to offer further opportunities for growth.
Based on type the market is segmented into filter coffee machines, espresso coffee machines, capsule & pod coffee machines, and others. Based on category, the market is segmented into manual and automatic & semi-automatic. Based on end-user, the market is segmented into residential and non-residential. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM).
Reasons to Buy
The coffee machines market was valued at US$ 15,340.33 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. A coffee machine is a device that is used to brew coffee. While there are many types of coffeemakers that use various brewing methods, the most popular devices use a paper or metal filter within a funnel that is put over a glass or ceramic coffee pot, which is a kettle-style cooking pot. Coffee machines are available in various sizes and shapes as well as in different type of models which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. This has played an important role in increasing its demand. In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel segment growth.
Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, pod & capsule coffee machines, and others. The filter coffee machine segment held the largest share in the global coffee machines market in 2020. The filter coffee machine has components such as filter and cone, and are reusable. This has played an important role in increasing its demand. In addition, manufacturers are introducing filter coffees machine with advanced technological features, which is also likely to propel segment growth.
The coffee machines market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Europe accounted for the largest share in the global coffee machines market. Demand for advanced coffee machines in the residential sector is boosting the growth of the coffee machines market. Presence of several major manufacturers in the region have also contributed to this growth. Furthermore, rapidly growing corporate sector will fuel the demand further. Demand for specialty coffee induced with different flavors is driving the growth of coffee machines in the residential segment.
Impact of the COVID-19 Pandemic on the Coffee Machines Market
The COVID-19 outbreak pandemic has significantly affected the global coffee machines market. The outbreak has declined operational efficiency and interrupted supply chains owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in supply chain have restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the production of coffee machines. While the demand for coffee machines in non-residential applications fell significantly, demand for coffee machines in residential applications has increased primarily owing to the shutdown of most cafes as well as the shift to work-from-home by the corporates. This also increased the demand for specialty coffee or café-like coffee that can be prepared at home. This has aided the sales of coffee machines.
According to the All Japan Coffee Association, the concept, "café at home" has become quite popular in 2020, so much so that the consumption of coffee at home has rapidly increased. As more and more people have become interested in ways to brew great coffee at home. People who are working from home have started to drink higher amounts of coffee as a result. Moreover, as the international vaccine campaign gathering momentum and the pandemic gradually being brought under control across the developed economies, consumers and companies are slowly returning to normalcy and this is expected to offer further opportunities for growth.
The report segments the coffee machines market as follows:
Based on type the market is segmented into filter coffee machines, espresso coffee machines, capsule & pod coffee machines, and others. Based on category, the market is segmented into manual and automatic & semi-automatic. Based on end-user, the market is segmented into residential and non-residential. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM).
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global coffee machines market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Frequently Asked Questions about the Global Coffee Machines Market
What is the estimated value of the Global Coffee Machines Market?
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Who are the key companies in the Global Coffee Machines Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 165 |
| Published | July 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD
| USD 14879.48 Million |
| Forecasted Market Value ( USD
| USD 20596.79 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Table of Contents
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Global Coffee Machines Market Landscape
5. Coffee Machines Market - Key Market Dynamics
6. Global Market - Global Analysis
7. Global Coffee Machines Market Analysis - By Type
8. Global Coffee Machines Market Analysis - By Category
9. Global Coffee Machines Market Analysis - By End-Use
10. Coffee Machines Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Coffee Machines Market
12. Industry Landscape
13. Company Profiles
14. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Keurig Green Mountain, Inc.
- Robert Bosch Gmbh
- Electrolux Ab.
- Illycaffè S.P.A.
- Koninklijke Philips N.V.
- Krups Gmbh
- Morphy Richards
- Nestlé S.A.
- Panasonic Corporation
- Luigi Lavazza S.P.A.
