The global coffee machine market size was valued at USD 5.88 billion in 2018 and is projected to register a CAGR of 3.7% from 2019 to 2025. Increased consumption of coffee in Asian countries is one of the key factors driving the market growth. In addition, introduction of new products, such as green and organic coffee, is expected to result in high consumption, thereby contributing to the market growth.
Moreover, increasing awareness about health benefits of coffee, such as reduced risk of type 2 diabetes, liver cancer and liver diseases, and protection against heart failure, is expected to result in high consumption. This will also contribute to the increasing demand for coffee machines. In addition, rapidly growing market for Ready-to-Drink (RTD) beverages, particularly coffee infused beverages, is boosting the market development.
Moreover, manufacturers are investing in R&D to introduce advanced machines featuring the latest technologies. For instance, in 2018, Nestlé Nespresso S.A. invested USD 43.03 million in the creation of new production lines of its coffee system, Vertuo. Drip filter segment led the global market. In 2018, Dualit Ltd. introduced a new CaféPro Capsule Machine.
Europe led the global market in 2018 due to high consumption of coffee. Moreover, presence of commercial infrastructure and offices also results in increasing demand for coffee machines, thereby augmenting market growth. In addition, rising number of cafes in the region will boost the growth further.
Drip filter coffee machines led the market in 2018. The components of drip filter machine, such as filter and cone, are reusable. 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 the segment growth. For instance, the advent of smart drip coffee machines. These can be accessed through smart phones or devices. Capsule coffee machine is expected to be the fastest-growing segment at a CAGR of 4.8% from 2019 to 2025. These machines are easy to use, which drives their demand.
Commercial application accounted for more than half of the global coffee machine market share in 2018. Increasing number of cafes and restaurants across the globe is boosting the product demand in commercial application. Furthermore, rapidly growing corporate sector will fuel the demand further. Residential application will also have a significant growth in the years to come.
Demand for specialty coffee induced with different flavors is driving the segment. In addition, countries, such as U.S., witness a high demand for household coffee machines owing to higher coffee consumption. According to the National Coffee Association trends, 29% of U.S. households purchased single serve brewers in the year 2017. Moreover, technological advancement in coffee machines also act as a key driver for the segment growth.
Europe led the global market accounting for 33.0% of the global share in 2018. High consumption of coffee in the region is the main factor driving the market. Moreover, presence of a number of commercial complexes and offices results in increased product sales. Asia Pacific will be the fastest-growing regional market from 2019 to 2025. Developing countries including India, China, and Australia are expected to be the major contributors to the region’s growth. Moreover, rising number of cafes and coffee shops, particularly in emerging countries, will drive the demand. Major cafe chains, such as CCD and Starbucks, are investing in the region owing to high growth potential, which is likely to support market development.
The global market is highly competitive in nature. Prominent companies are Keurig Green Mountain, Inc.; Panasonic Malaysia; Nestlé Nespresso S.A.; De’Longhi Appliances S.r.l.; Electrolux; Morphy Richards India; Koninklijke Philips N.V.; Hamilton Beach Brands, Inc.; Schaerer; and Robert Bosch GmbH. Most of these companies have undertaken several marketing strategies, such as M&A, technological developments, and capacity expansion, to increase their consumer base.
|
Attribute |
Details |
|
Base year for estimation |
2018 |
|
Actual estimates/Historical data |
2015 - 2017 |
|
Forecast period |
2019 - 2025 |
|
Market representation |
Revenue in USD Million and CAGR from 2019 to 2025 |
|
Regional scope |
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa |
|
Country scope |
U.S., Germany, U.K., Japan, India, China, and Brazil |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
|
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global coffee machine market report on the basis of product, application, and region:
Product Outlook (Revenue, USD Million, 2015 - 2025)
Drip Filter
Capsule
Espresso
Bean-to-Cup
Application Outlook (Revenue, USD Million, 2015 - 2025)
Residential
Commercial
Region Outlook (Revenue, USD Million, 2015 - 2025)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
Japan
China
India
Central & South America
Brazil
Middle East & Africa
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."
