Global Espresso Machines Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Demand for Automatic Coffee Machine is Increasing Significantly

The Global Espresso Machines Market is estimated to be USD 13.01 Bn in 2023 and is expected to reach USD 17.01 Bn by 2028 growing at a CAGR of 5.51%.

An espresso machine is a kitchen appliance that makes a concentrated coffee drink. Espresso is made by forcing hot water through finely-ground coffee beans at high pressure. These machines are Semi-automatic, Automatic, and Super Automatic, with various features. Espresso machines make various coffee drinks, including espresso, cappuccino, latte, and macchiato. It can also be used to make hot chocolate and tea.

As the coffee-drinking population grows globally, there is a higher demand for espresso machines to prepare high-quality coffee beverages like espresso, cappuccino, and latte. In addition, in its recently published National Coffee Data Trends (NCDT) spring edition report, the National Coffee Association found that past-day consumption of specialty coffee in the US in 2023 was the highest on record. The consumption of espresso-based beverages, typically prepared away from home, has shot up 30% since the pandemic's start, signaling recovery from the COVID-19 pandemic and indicating new growth.

The high price of espresso machines is mentioned as a restraint in the market. Espresso machines can be relatively expensive compared to other coffee brewing methods, limiting the adoption of these machines, particularly among price-sensitive consumers or businesses with budget constraints.

By incorporating features such as smart connectivity, touchscreen displays, automatic milk frothing, and customizable settings, manufacturers attract more customers and cater to their specific preferences. For instance, in 2023, Brooklyn Coffee Company Terra Kaffe Unveils TK-02, The Next-Gen Smart Espresso Machine for Ultra-Customized At-Home Coffee with

• Excessive caffeine consumption has adverse health effects, such as anxiety, insomnia, and heart palpitations. The increasing awareness of these effects has led many consumers to reduce their caffeine intake, which has had a negative impact on the sale of espresso machines.

Market Segmentations

• The Global Espresso Machines Market is segmented based on Product, Applications, Distribution Channel, and Geography.
• By Product, the market is classified into semi-automatic, automatic, and super-automatic. The semi-automatic segment accounts for the most significant global espresso machine market share. This is because semi-automatic espresso machines offer a good balance between convenience and control at an affordable price.
• By Applications, the market is classified into Household and Commercial. The commercial segment is projected to grow with the highest CAGR. An increasing number of cafes and restaurants across the globe is boosting product demand in commercial applications. Moreover, the rapidly growing corporate sector will fuel the demand further. The demand for Espresso Machines is expected to grow substantially because of the increase in investment in commercial spaces such as airports, hospitals, and hotels.
• By Distribution Channel, the market is classified into Online and Offline. The online distribution channel segment accounts for the largest market share in the global espresso machine market. This is due to the growing popularity of e-commerce platforms and the convenience offered by online shopping. Additionally, the growing trend of online research and the availability of extensive reviews and information on espresso machines has contributed to the growth of the online distribution channel segment.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific. The Asia-Pacific region accounts for the most significant global espresso machine market share. This is due to the growing coffee culture and the increasing demand for high-quality espresso drinks in the region. Additionally, the growing market for premium espresso machines in Asia-Pacific, particularly in countries like Japan, Korea, and China, has also contributed to the growth of the Asia-Pacific region in the global espresso machine market.

Recent Development

• Keurig Dr. Pepper Inc. and BLK & Bold Specialty Beverages announced the launch of BLK & Bold coffees in K-Cup pods for the Keurig brewing system. - July 2023
• Nestle Nespresso S.A. and social impact start-up OpenSC collaborated and announced the launch of a new technology that would increase transparency in the supply chain of the Kahawa Ya Kongo coffee. - February 2023

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bajaj Ltd., Breville, De’Longhi Appliances S.r.l., Electrolux AB, Gruppo Cimbali SpA, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Espresso Machines Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Espresso Machines Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Espresso Machines Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market