Coffee has become essential to start a day. Everyone has their own preference when it comes to drink coffee, and from traditional espresso to filter coffee to mocha, automatic coffee machine serves every coffee variant and excel in different flavors. Manufacturers are offering a varied range of coffee making equipment and solutions owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into factors enabling growth in the automatic coffee machine market. The report tracks the global sales of these machines across 20+ high-growth markets. It also examines the impact COVID-19 has had on the economic and industrial growth, and the automatic coffee machine market in particular.
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According to Future Market Insights (FMI), the market for automatic coffee machine is expected to reach US$ 99.66 Bn by the end of 2031. The growing coffee culture will continue to be a key driver, but FMI analysts found that market is still benefiting from rising demand for automatic coffee machines at commercial places. Besides, the customization offered by semi-automatic coffee machine is also gaining popularity.
Automatic coffee machine has become an essential component of commercial environment. College campus, corporate buildings, hospitals, government offices, restaurants chains, and offices play a significant role at workplace or social life events; likewise witness higher coffee consumption. Like other beverages, consumption of coffee helps people to stay alert and increase productivity which results to uplift demand for automatic coffee machines at such places. Thus, with the increasing installation of automatic coffee machine at commercial places, manufacturers are highly likely to gain substantial growth in sales volume in the near future.
Key Takeaways
- Automatic coffee machine market growth rose by over 3% in 2021 in comparison to 2020. FMI forecasts it to exhibit 6.1% CAGR in 2021
- Market outlook remains strong as FMI forecasts it to exhibit 6.5% CAGR between 2021 and 2031
- U.S. will hold over 72.6% of the North America in 2021 and outlook for the remaining forecast period stays positive
- UK will register a growth of 4.7% YOY
- Germany will remain dominant market for automatic coffee machine sales in Europe
“Rising integration of smart technology in domestic electronic appliances is expected to remain as a prevailing trait during the forecast period. Automatic coffee machines are identified as one of the key equipment of today’s modern kitchen. This is attributable to the features like convenient accessibility from distant place,” said a lead analyst at FMI.
Fast pacing lifestyle of today’s world demands instant coffee. Thereby coffee machine makers are putting efforts to offer automatic coffee machines where consumers will spend merely 30 to 45 seconds to get coffee. Thus, increasing adoption of super automatic coffee machine is expected to drive market owing to its fast-paced technology and latest modifications. The consistency in coffee brewing in less time is gaining popularity among consumers to get instant cup of coffee on the go. Moreover, coffee industry is highly investing in research and development activities to improve automation features in super automatic coffee machines in order to increase its flexibility among coffee addicts.
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By Segmentation:
Product Type
- Fully Automatic
- Super Automatic
- Semi-Automatic
End Use
- Hotel
- Restaurant
- Cafe
- Institutional
- Residential
Price Range
- Low
- Medium
- High
Regional Outlook
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
- Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
- East Asia (China, Japan, South Korea)
- South Asia (India, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
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Competition Landscape
The global automatic coffee machine market witnesses a fairly consolidated competitive landscape, where majority of prominent players maintain their strategic focus on product quality, product variety, eco-friendly product launches, and market expansion.
Competition within the automatic coffee machines market has been increasing with time. Market players are therefore focusing on product launches with advanced features besides adopting expansion strategies.
For instance:
- Swiss brand – Ergo has recently launched a fully automatic coffee machine, called Next Touch Coffee. It can be configured with IoT innovations and add-on options, besides a wide range of payment systems. It also features self-adjusting grinder
- La Cimbali has unveiled its fully automatic S60 professional coffee machine in 2020. The company has revealed the latest model is designed to support services in places receiving high footfall
- Beanque also had launched 3-In-1 On-the-go automatic coffee maker in 2020
The report highlights some prominent players in the global automatic coffee machine market, which include:
Major Key Player:
- Koninklijke Philips N.V
- Keurig Green Mountain, Inc.
- De’Longhi Appliances s.r.l
- Nestlé Nespresso S.A
- Melitta Group
- JURA Elektroapparate AG
- BUNN-O-Matic Corporation
- BSH Hausgeräte GmbH
- Bravilor Bonamat B.V
- Animo B.V