The global automatic coffee machines market growing at a CAGR of 4.6% throughout the forecast period from 2024 to 2032. Coffee has been one of the most highly consumed drinks across the globe. Drinking coffee has various health related benefits such as lower risk of Parkinson’s disease and liver cancer among others. Manufacturers are progressively focusing on development of automated machines that helps in quick preparation of food products. As the need to serve quick and quality services to customers is rising in cafes and restaurants, they are rapidly adopting automated coffee machines. Thus propelling the demand for automatic coffee machine market.
Commercial to Dominate; Residential set to Register Maximum Growth throughout the Forecast Period
Based on application, the global automatic coffee machines market is categorized into residential and commercial. Commercial segment dominates the market and accounts for more than 70% of market share in the global automatic coffee machines market. This can be associated with increasing number of cafes and restaurants, and rapidly growing coffee culture in corporate sector. In contrast, the residential segment is expected to register highest growth during the forecast period. This is due to high number of young people, and upsurge in adoption of western culture among others, is creating plenty of opportunities for market players. Thus propelling the market growth of automatic coffee machines market.
Europe Dominates followed by Asia Pacific; Asia Pacific Touted to Register Highest Growth during the Forecast Period
In 2021, Europe appeared to be the largest revenue contributing region to the global automatic coffee machines market trailed by Asia Pacific. European market is estimated to grow steadily during the forecast period from 2023 to 2030. This is due to the huge consumption of coffee which is approximately 3,222,000 tonnes of coffee in 2020 and the early adoption of technology in countries such as Germany, France and the U.K among others. Germany is the largest coffee consuming country in the Europe accounting for approximately 26% of Europe consumption in 2020. In contrast, Asia Pacific region is estimated to register fastest growth during the forecast period. This is due to the growth of middle and upper classes in local and regional markets, and rapid urbanization among others. The demand for automatic coffee machines in Asia Pacific is propelled due to rising opportunities in the emerging markets such as China, and India.
Some of the leading manufacturers profiled in the study include De’Longhi Appliances S.p.A., JURA Elektroapparate AG, Koninklijke Philips N.V., BSH Hausgeräte GmbH, Keurig Green Mountain, Inc., Siemens Home Appliances, Nestlé Nespresso S.A., Bosch, WMF-Coffeemachines, Melitta Group, and MrCoffee among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automatic Coffee Machines market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Key questions answered in this report