The Coffee Machines Global Market Report 2023 by The Business Research Company, provides coffee machines market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Coffee Machines Global Market Report 2023, the market will grow from $11.2 billion in 2022 to $11.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global coffee machines is expected to grow to $15.65 billion in 2027 at a CAGR of 6.9%.
The growing popularity of instant non-alcoholic beverages such as coffee in restaurants, and office cafeterias propels the growth of the coffee machines market. The coffee machines reduce the time and effort required in preparing a cup of coffee when used in coffeehouses, and office cafeterias. The increasing need for non-alcoholic beverages drinks among millennials, consumer awareness toward low sugar and non-alcoholic drinks, busy work schedules, and changing consumer taste are a few of the reasons that have attributed to the rise in the popularity of instant non-alcoholic beverages such as coffee.
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The coffee machines market is segmented:
1) By Type: Filter Coffee Machines, Pod/Capsule Coffee Machines, Traditional Espresso Machines, Bean-to-Cup Coffee Machines
2) By Product: Drip Filter, Capsule, Espresso, Bean-to-Cup
3) By End-User: Household, Commercial
Top Major Players
Keurig Green Mountain Inc.,
Panasonic Malaysia,
Nestlé Nespresso S.A.,
De’Longhi Appliances S.r.l.,
Electrolux
Smart coffee machines with Bluetooth or Wi-Fi connectivity are a key trend driving the growth of the coffee machines market. The smart coffee machines can be accessed via smartphones, and users can monitor them from anywhere in the house and can also send smartphone commands. Most coffee makers have their software to configure the brew settings and plan brew times. For instance, in July 2021, Keurig Dr. Pepper, a US-based company operating In beverage brewing systems for home and commercial use, introduced BrewID Smart Coffee Market Technology for a coffee machine that enables WiFi connectivity. Keurig’s new BrewID technology can be connected to clients’ smartphones to enable control over temperature, size, and auto-brew controls, for the customization of the brewery. Therefore, smart coffee machines with Bluetooth or Wi-Fi connectivity are expected to continue this trend in the coffee machines market.
The coffee machines market report table of contents includes:
- Executive Summary
- Coffee Machines Market Characteristics
- Coffee Machines Market Trends And Strategies
- Coffee Machines Market – Macro Economic Scenario
- Coffee Machines Market Size And Growth
- Coffee Machines Market Segmentation
- Coffee Machines Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Coffee Machines Market
- Coffee Machines Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Coffee Machines Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Coffee Machines Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Coffee Machines Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Keurig Green Mountain, Inc. Financial Performance
Table 47: Panasonic Malaysia Financial Performance
Table 48: Nestlé Nespresso S.A. Financial Performance
Table 49: De’Longhi Appliances S.r.l. Financial Performance
Table 50: Electrolux Financial Performance
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