Global Coffee Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Coffee Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Coffee machine is an electrical appliance which is used to brew coffee. A different types of coffee machines working on different brewing principles are available in the market. Coffee ingredients are added separately in the coffee machine which are then processed in the machine to make ready brewed coffee.

Market Overview:

The latest research study on the global Coffee Machines market finds that the global Coffee Machines market reached a value of USD 6741.06 million in 2022. It’s expected that the market will achieve USD 8684.76 million by 2028, exhibiting a CAGR of 4.31% during the forecast period.

Influence of COVID-19 Outbreak on Coffee Machines Industry Development

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some coffee machines enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

The epidemic will have a short-term impact on coffee machines industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in coffee machines industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

The impact of COVID-19 on the coffee machines industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Drivers

As the most populous country in the world, China has great downstream demand. With the development of Urbanization in China, people's lifestyle has also changed, and coffee has become more and more popular among young people, becoming an emerging market of coffee machine industry. China’s per capita annual coffee consumption has shown rapid growth in recent years. According to data from the International Coffee Association, China’s coffee consumption has maintained a double-digit rapid growth stage in the past two years.

India is a country with a global population second only to China. The penetration rate of coffee in India is relatively low.

It is expected that with the economic development and the popularity of coffee in the Indian market in the future, the entire market will maintain rapid growth for a long time. Moreover, rising demand for smart kitchen appliances in households, increasing awareness about the benefits of coffee and growing working class population is further expected to drive India coffee machine market. All these bring great potential for the development of the coffee machine market in India.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Delonghi , Keurig Green Mountain , Jura were the top 3 players in the Coffee Machines market in 2019, taking up a market share of 34.84% together.

De Longhi distributes kitchen and home appliances. The Company offers household, air-conditioning, air-treatment, and heating appliances, as well as filter baskets for coffee makers. De Longhi serves customers worldwide.

Keurig Green Mountain, Inc. operates as a beverage company. The Company produces and sells coffee, hot cocoa, teas, beverages, and other related products.

Segmentation Overview:

Among different product types, Espresso Machine segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Coffee Machines market covered in Chapter 3:

Electrolux
Jura
Krups
Bosch
Breville Group Limited Luigi Lavazza S.p.A.
Delonghi
Panasonic
Keurig Green Mountain
Melitta
Schaerer
Illy
Koninklijke Philips N.V
Newell Brands
Zojirushi
Gruppo Cimbali SpA
Nespresso

In Chapter 4 and Chapter 14.2, on the basis of types, the Coffee Machines market from 2018 to 2029 is primarily split into:

Drip Coffee Machine
Espresso Machine
Capsule Coffee Machine
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Coffee Machines market from 2018 to 2029 covers:

Commercial
Office
Household

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)