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

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

An espresso machine is an electrical appliance used to brew espresso coffee. An espresso machine produces a thick espresso by forcing pressurized water close to the boiling point through a disc of ground coffee and a filter to brew coffee. Compared with traditional drip coffee, espresso uses less water, which can be processed in the machine to make ready-made espresso. Espresso has a stronger taste than drip coffee.

Market Overview:

The latest research study on the global Espresso Machines market finds that the global Espresso Machines market reached a value of USD 3814.31 million in 2022. It’s expected that the market will achieve USD 5521.87 million by 2028, exhibiting a CAGR of 6.36% during the forecast period.

Espresso Machines Growth 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 Espresso Machines 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.

Espresso Machines Market Opportunities

There are various factors driving the global Espresso Machines market. Ease of use and consistent brewing results are some of the major factors responsible for growing demand for Espresso Machines globally.
Besides, continuously growing consumption of coffee in various regions of the world, rising disposable income, growing youth population, and the working class are propelling the demand for Espresso Machines.
Moreover, increasing awareness about the health benefits of coffee, such as the 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 Espresso Machines.
In addition, presence of commercial infrastructure and offices also results in increasing demand for Espresso Machines, thereby augmenting the market growth. In addition, rising number of cafes all over the world will boost the growth further. All these have driven people's demand for Espresso Machines and brought great opportunities to the development of Espresso Machine industry.

Espresso Machines Market Restraints

The Espresso Machine, as a machine for making coffee, has many alternatives like tea, herbal drinks and other instant beverages. Instant beverages are the growing market and especially this growth is coming from the developing countries and large number of instant mixes focuses to recreate the drinks which are normally served in the specialty coffee shops. The continuous development of these alternatives has seized the market share of Espresso Machines and brought challenges to the development of Espresso Machine industry.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are DeLonghi, Jura, Philips with the revenue market share of 26.42%, 16.65% and 20.33% in 2020.

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.

JURA Inc. is the innovation leader in Automatic Coffee Machines in the United States, bringing new sophistication, quality, versatility and ease of use to brewing espresso-based beverages at home.

Segmentation Overview:

By type, Fully-automatic segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Individual and Household segment occupied the biggest share from 2017 to 2022.

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

La Pavoni (Gruppo Smeg)
Krups (Groupe SEB)
Nespresso
Philips
Hamilton Beach
Gruppo Cimbali
Melitta
Profitec
ECM Manufacture GmbH
Nuova Simonelli
Jura
Mr. Coffee (Newell Brands)
DeLonghi
La Marzocco
Dalla Corte
Illy
Ascaso
Breville Group Limited
Electrolux
Rancilio (Ali Group)

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

Fully Automatic
Manually & Semi-automatic

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

Individual & Household
Commercial

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)