Coffee machines are machines utilized for brewing coffee and finds application in offices, household, and commercial spaces. These devices are mainly preferred as they save time as well as directly impact the coffee’s taste. The key factor contributing to the growth of the global coffee machine market includes the advent of new products, like organic coffee. In addition, the rising alertness regarding the health roles of coffee, like decreased threat of liver cancer, liver diseases, & type 2 diabetes, and protection against heart failure, is projected to increase coffee consumption, thereby further fueling the market growth. Apart from this, the most recent market trend driving the global market expansion is the introduction of smart coffee machines with Wi-Fi or Bluetooth connectivity. Also, swiftly budding market for RTD (Ready-to-Drink) beverages, specifically coffee-infused beverages, is expected to drive the global coffee machine market growth during the forecast period.
The global coffee machines market is segregated based on technology, product type, and region. The global market, based on product type, is divided into capsule coffee machine, steam coffee machine, drip coffee machine, and others. The global market, based on technology, is bifurcated into fully automatic coffee machines and semi-automatic coffee machines.
Regionally, in 2018, the global coffee machines market was ruled by Europe owing to the escalated coffee consumption in this region. Also, the existence of several offices and commercial complexes leads to elevated product sales. Likewise, Asia Pacific is projected be the quickest-growing market during the forecast period owing to the elevated coffee consumption in Asian nations such as China, India, and Australia. In addition, the increasing count of coffee and cafes shops, specifically in budding nations, is expected to boost the product demand thereby fueling regional market expansion. Major cafe chains, like Starbucks and CCD, are spending in the region on account of elevated growth potential that is projected to drive the market growth during the forecast period.
The global coffee machine market is extremely competitive in nature. The key players active within the global coffee machine market consist of Panasonic Malaysia; Keurig Green Mountain, Inc.; De’Longhi Appliances S.r.l.; Nestlé Nespresso S.A.; Koninklijke Philips N.V.; Electrolux; Morphy Richards India; Schaerer; Hamilton Beach Brands, Inc.; and Robert Bosch GmbH, among others. The manufacturers are spending in research & development to launch cutting-edge machines having the newest technologies. To cite, USD 43.03 million was invested by Nestlé Nespresso S.A. in 2018 in the development of new production lines of Vertuo, its coffee system. Likewise, a new CaféPro Capsule Machine was also introduced by Dualit Ltd in 2018.