The Commercial Coffee Urn Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Commercial Coffee Urn Global Market Report 2024, The commercial coffee urn market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rise in demand for coffee-based beverages, increase in the number of online portals, increase in the number of hotels and restaurants, rise in the hospitality sector, and increase in penetration of internet.
The commercial coffee urn market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing awareness of the environmental impact, increasing emphasis on sustainability and eco-friendliness, surge in adoption of smartphones, growing availability of specialty coffee, and increasing share in the commercial kitchen. Major trends in the forecast period include advancements in technology, the adoption of automated self-cleaning functions, advancements in coffee machine technology, innovative products, and the adoption of insulation technology.
The increasing number of hotels and restaurants is expected to propel the growth of the commercial coffee urn market going forward. The increase in the number of hotels and restaurants is due to rising domestic and international travelers, the popularity of food tourism and online marketing, and a growing number of events, conferences, and conventions. Coffee urns are essential in hotels and restaurants for managing high volumes of coffee efficiently and ensuring that guests have continuous access to hot coffee while optimizing service and operational efficiency. For instance, in July 20024, accouraging the Bureau of Labor Statistics (BLS), an agency within the United States Department of Labor, the number of US establishments in accommodation and food services in private industry increased from 773,081 in the first quarter of 2023 to 789,430 in the fourth quarter of 2023. Therefore, increasing the number of hotels and restaurants is driving the growth of the commercial coffee urn market.
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The commercial coffee urn market covered in this report is segmented –
1) By Type: Traditional, Digital
2) By Capacity: Up To 5 Liters, 5 – 10 Liters, More Than 10 Litres
3) By Material: Stainless Steel, Aluminum, Other Materials
4) By Distribution Channel: Online, Offline
5) By Application: Restaurant, Office Building, Others Applications
Major companies operating in the commercial coffee urn market are focused on developing innovative products, such as automated coffee machines, to improve coffee quality, streamline operations, and provide greater flexibility and convenience for users in high-demand environments. An automated coffee machine is a device designed to brew coffee with minimal user intervention, providing a convenient and efficient way to prepare various coffee drinks. These machines have advanced features and technologies to automate brewing, from grinding coffee beans to frothing milk. For instance, in March 2022, Wilbur Curtis Co., a US-based company that manufactures coffee urns, launched Schaerer Coffee Skye, an automated coffee machine. It enables precise temperature control, real-time monitoring, and predictive maintenance, ensuring consistent coffee quality and reducing downtime. The machine features an intuitive interface with large symbols for easy operation, and all installation connections are accessible from the front, simplifying maintenance and servicing.
The commercial coffee urn market report table of contents includes:
1. Executive Summary
2. Commercial Coffee Urn Market Characteristics
3. Commercial Coffee Urn Market Trends And Strategies
4. Commercial Coffee Urn Market – Macro Economic Scenario
5. Global Commercial Coffee Urn Market Size and Growth
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32. Global Commercial Coffee Urn Market Competitive Benchmarking
33. Global Commercial Coffee Urn Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Commercial Coffee Urn Market
35. Commercial Coffee Urn Market Future Outlook and Potential Analysis
36. Appendix
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