Market Insights and Analysis: Global Coffee Machine Market Overview and Projections (2023-2028)
The Global Coffee Machine Market size is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. The popularity of coffee capsules and their enhanced flavorful coffee, along with the onset of coffee machines integrated with Bluetooth, Wi-Fi, voice assistance, etc., has positively influenced the sales of coffee machines in recent years.
Top leading companies in the Global Coffee Machine Market includes:
Keurig Dr Pepper, Jura Elektroapparate AG, EVOCA (formerly known as N&W Global Vending S.p.A), Melitta, Philips, Breville, Groupe SEB, De Longhi Group, Dualit, Nestle, Electrolux AG, Bosch, Others.
Market Dynamics
Key Driver: The Exponential Surge in Coffee Consumption
The popularity of coffee as an affordable flavorful beverage has led to its increased consumption, thereby propelling the industry's growth. Furthermore, the arrival of new cafes, coffee shops, hospitals, offices, and malls, the key end users of coffee machines, has given a lucrative growth opportunity to the market. Besides, the advertisement of coffee as a refresher, along with its health benefits among consumers, has made it the standard beverage to be shared even in the household. Further, the major market players focus on integrating various technologies, features, and automatic functions into machines, further pushing the market forward. Additionally, with the fast-moving lifestyle, the soaring need for automatic, pre-grind, and pre-infused features for consumers would maintain the industry's trajectory as the companies comply with consumers' demands. Moreover, the emergence of super-automatic machines, consistent in quality and operation, is likely to drive the market's growth in the forecast years.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type of Machine
-Drip Coffee Machine
-Steam Coffee Machine
-Capsule Coffee Machine
-Others
By Mode of Operation
-Manual
-Automatic
-Semi- Automatic
By Sales Channel
-Direct Sales
-Wholesalers/Retailers
-Online
By Material Make
-Plastic
-Metal
By End Users
-Hotels
-Restaurants & Café
-Retail Malls/Outlets
-Corporates & Institutions
-Residential.
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Global Coffee Machine Market Geographic Reach:
The Geographic Reach of the Global Coffee Machine Market evaluates the spread and significance of Global Coffee Machine market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: USA, Canada, Mexico
· Europe: Germany, France, The United Kingdom, Russia, Scandinavia, Italy
· Asia-Pacific: China, India, Japan, South Korea, Australia, Singapore, Rest of Asia Pacific
· Africa: Algeria, Egypt, South Africa, Nigeria, Rest of Africa
· Middle East: Saudi Arabia, Turkey, UAE, Qatar, Rest of Middle East.
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