0
2020
Coffee Maker Market

Coffee Maker Market

by Type (Drip Coffee Machine, Steam Coffee Machine, Capsule Coffee Machine, and Others), End Use (Commercial and Residential), and Sales Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021-2027
Update Available On-Demand

Report Code: A06329
Pages: 230
Jun 2020 | 12991 Views
Author(s) : Raju Kale , Roshan Deshmukh
Tables: 126
Charts: 49
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The coffee maker market size was valued at $3.8 billion in 2019 and is anticipated to reach $5.1 billion by 2027, with a CAGR of 6.30% during the forecast period 2021-2027. Coffee makers are the appliances used to brew coffee. It works on various brewing process, save time, and directly affect the taste of the coffee. Its application includes residential purposes and commercial consumption. Coffee machines are easy to use & clean and are being used for a long time.        

Changing consumer preferences and awareness about health benefits such as reduced risk of type 2 diabetes, liver cancer and liver diseases, and protection against heart failure is expected to boost the consumption of coffee. Moreover, rise in number of cafes and restaurants in developed and developing nations such as the U.S., Italy, India, Japan, China, and France increased the application of coffee machines to cater to the needs of busy consumers. Rise in millennial population in developing regions also boosts out-of-home and premium coffee consumption, which led to rise in the number of cafes and restaurants. 

However, the recent outbreak of the novel coronavirus has impacted the supply chain globally, and is anticipated to affect the market for a short term. On the contrary, the advantages offered by these coffee machines are expected to boost the coffee maker market growth, as consumers have become more health conscious since the onset of the pandemic.  

Coffee-Maker-Market-2021-2027

According to the coffee maker market analysis, the market is segmented on the basis of type, end use, sales channel, and region. By type, it is categorized into the drip coffee machine, steam coffee machine, capsule coffee machine, and others. By end use, it is divided into commercial and residential. By sales channel, it is bifurcated into the online and offline channels. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA ( Latin America, Middle East and Africa).  

On the basis of type, the drip coffee machine segment accounted for the maximum share in the global market in 2019. Drip coffee machine has been the most preferred choice of coffee machine among consumers due to growing demand for café and restaurants globally. Consumer are preferring drip coffee machine, owing to its high durability as well as differential looks of the products. The key players are addressing preferences of consumers and introducing multiple new launches of products in the market with focusing on quality of coffee as well as ease-of-use. Thus, these efforts of key players are expected to enable the companies to increase their sales as well as supplement the growth of the coffee maker market.   

Coffee Maker Market
By Type

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The drip coffee machine segment helds the major share of 40.6% in 2019

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On the basis of end use, the commercial segment was dominant, which accounted for around half of the coffee maker market share in 2019, and is expected to retain its dominance throughout the coffee maker market forecast period. The demand for coffee maker is expected to grow substantially because of rise in investments in commercial spaces such as airports, hospitals, hotels, and restaurants, among others. The convenience of sales and purchase, varieties offered by brands, and cost are some of the key driving factors of the market. Increase in sales of steam coffee machine is expected to create high demand for coffee maker in the commercial sector.

Coffee Maker Market
By End Use

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The residential segment witness a CAGR of 6.90% from 2021-2027

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On the basis of sales channel, the offline segment held a significant share in the global coffee maker market in 2019. Offline segment includes retail stores, distributors, and specialty stores. Specialty stores are introducing different types of coffee maker products with different size and capacity, thereby propelling the growth of the market. Moreover, the retail industry is anticipated to witness uncertain growth, owing to macroeconomic factors such as consumer spending and higher disposable income. Retail stores help manufacturers to introduce their product in the market and cater to large consumer base.

Coffee Maker Market
By Sales Channel

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The offline segment helds the higest market share of 61.71% in 2019

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On the basis of region, Europe spearheads the market in 2019 and accounted for the maximum share in the global coffee maker market. The consumption of coffee is increasing at a significant rate in Europe, owing to rise in awareness of health benefits such as reduced risk of diabetes, liver cancer & liver diseases, and protection against heart failure. This is likely to increase the demand for the coffee machine in the region. Moreover, the major giant players such as Nestlé Nespresso S.A, De’Longhi Appliances S.r.l., Electrolux, and Koninklijke Philips are investing in R&D to introduce the advanced machines featuring latest technologies in the machine. For instance, Nestlé Nespresso S.A. invested $43.03 million in the creation of new production lines of its coffee system in 2018.

Coffee Maker Market
By Region

2027
Europe 
North America
Asia-pacific
Lamea

The Europe region helds the higest market share of 37.33% in 2019

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The players in the coffee maker market have adopted business expansion and products launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include De’Longhi Appliances S.r.l, Electrolux, Koninklijke Philips N.V, Siemens AG, BSH Home Appliances Corporation, Newell Brands, Breville USA, Inc, GROUP SEB, Whirlpool, and Nestlé Nespresso.    

Key Benefits For Stakeholders 

  • The report provides a quantitative analysis of the current coffee maker market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.

  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.

  • In-depth analysis and the market size and segmentation assists in determining the prevailing coffee maker market opportunity.  

  • The major countries in each region are mapped according to their revenue contribution to the market.   

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the coffee maker industry. 

Coffee Maker Market Report Highlights

Aspects Details
BY TYPE
  • DRIP COFFEE MACHINE
  • STEAM COFFEE MACHINE
  • CAPSULE COFFEE MACHINE
  • OTHERS
BY END USE
  • Commercial
  • Residential
BY SALES CHANNEL
  • ONLINE
  • OFFLINE
BY REGION
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (GERMANY, FRANCE, UK, ITALY, SPAIN, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, JAPAN, INDIA, AUSTRALIA, SOUTH KOREA, REST OF ASIA-PACIFIC)
  • LATIN AMERICA  (LATIN AMERICA, MIDDLE EAST, AFRICA)
Key Market Players Breville USA, Inc, BSH Home Appliances Corporation, De’Longhi Appliances S.r.l, Electrolux, GROUP SEB, Koninklijke Philips N.V, Nestlé Nespresso, Newell Brands, Siemens AG, Whirlpool
 

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According to top-level CXOs, innovation in the coffee maker is the key factor for the growth of the global coffee maker market. Rise in demand for various coffee maker products from target customer makes way for the manufacturers to come up with innovation in coffee maker, which is anticipated to boost the growth of the coffee maker market. 

The CXOs further added that rise in adoption of smartphone application in coffee making is likely to pose high opportunities for coffee machine manufactures. For instance, The Miele Company, a German manufacturer of high-end domestic appliances and commercial equipment, had upgraded smartphone application and added Barista Assistant for supporting their automatic coffee makers. Moreover, increase in curiosity of millennial to try different varieties of coffee boosts the growth of the coffee maker market. Furthermore, rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs. These online platforms are one of the easiest ways to create awareness about the specifications and features of the coffee maker among the target customers. Hence, tapping into such markets is expected to create potential opportunities for the expansion of the global coffee maker market.         
 

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FREQUENTLY ASKED QUESTIONS?

A. The growth rate of the Global Coffee Maker Market during the forecast period is 6.30%.

A. The Global Coffee Maker Market size from 2021 to 2027 increases to $1,585.02 million.

A. The leading manufacturing companies in the Global Coffee Maker Market are De’Longhi Appliances S.r.l, Electrolux, Koninklijke Philips N.V, Siemens AG, BSH Home Appliances Corporation, Newell Brands, Breville USA, Inc, GROUP SEB, Whirlpool, and Nestlé Nespresso.

A. Rise in number of cafes and restaurants in developed and developing nations such as the U.S., Italy, India, Japan, China, and France increased the application of coffee machines to cater to the needs of busy consumers, which is likely to shape the market in the future.

A. The driving factors of the market are rise in number of cafes and restaurants and increasing consumption of coffee in emerging nations, while the growth in innovative technological advancement in coffee maker and increase in investments by small- & mid-sized coffee maker manufacturing companies are the opportunities of the coffee maker market.

A. High capacity capital and maintenance costs are the challenges in the global coffee maker market.

A. Due to the growth in technological advancement in the coffee maker market, the capsule and steam coffee maker segment is flourishing at the highest growth rate in the coffee maker market.

A. The Global Coffee Maker Market report size is valued at $3.8 billion and is likely to reach to $5.1 billion in 2027.

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