Coffee Maker Market

Global Coffee Maker Market Size (2024 to 2029)

The global coffee maker market is anticipated to be worth USD 7.12 billion by 2029 from USD 4.80 billion in 2024, growing at a CAGR of 8.2% from 2024 to 2029.

The consumption of coffee is increasing as people are being habituated to coffee. People are seeking the easy coffee-making process that coffee makers can achieve. The machines are incorporated with advanced technology, providing comfort in coffee consumption at office cafeterias and coffee houses, decreasing people's time and effort. 

Global Coffee Maker Market Drivers:

The rising consumption of coffee across the world is driving the global coffee maker market. People being adapted to the busy, stressful lifestyle are addicted to coffee for stress relief. The benefits of coffee consumption, such as caffeine consumption, help relieve stress by increasing the person's concentration levels. Growing awareness of the health benefits caused by coffee consumption attracts the pe, and the market value grows. The increasing number of cafes and coffee houses worldwide is increasing the influence of coffee consumption, which is raising the demand for coffee makers. According to the National Coffee Association (NCA), over 62% of the total population in the United States consumes coffee daily. Consumers prefer coffee makers over handmade coffee due to gourmet coffee variants. 

Growing demand for coffee globally allows the manufacturers to focus on innovations in the equipment by introducing new methods, such as coffee capsules, which offer better coffee taste, enhancing the growth of the coffee maker market. The increasing technologies being incorporated in coffee machines, such as Bluetooth, Wi-Fi, voice assistance, and others that can be easily operated and accessed through smartphones, are increasing the adoption of coffee makers, positively impacting market growth. The convenience offered by the automatic coffee makers is attracting consumers, which is expected to have a significant growth rate in the forecast period.

The rising surge in coffee consumption is expected to drive the growth of the coffee maker market. The increasing R&D investments by the market players to incorporate advanced technology in coffee machines are expected to provide opportunities for market expansion. Increasing coffee shops and cafeterias in the offices raises the demand for coffee makers and the market revenue. The rising benefits of coffee makers with gourmet coffee variants are gaining consumer attention to prefer the coffee makers. Manufacturers are focusing on making consumers more convenient and hassle-free. The brewing of coffee will augment the coffee maker market over the forecast period.

Global Coffee Maker Market Restraints:

The availability of other non-alcoholic beverages with health benefits is hampering coffee consumption, impacting the coffee maker market's growth. Some coffee machines use artificial additives such as flavorings, preservatives, and sweeteners to enhance the taste, which may consist of harmful chemicals, which are expected to hinder the adoption of coffee makers and impede market revenue. Most people prefer traditional coffee or handmade coffee compared to machine coffee, which restrains the market expansion. The costs of the premium coffee makers and the machine maintenance are expected to impede the market growth. The quality of the coffee brewed by the coffee maker varies depending on the type and quality of the coffee maker. Maintenance of the coffee maker is challenging due to the complexity and high maintenance requirements. The effects of caffeine consumption, such as anxiety, dizziness, and dependence, may limit the coffee maker market expansion.

REPORT COVERAGE:

This research report on the global coffee maker market has been segmented and sub-segmented based on product type, end-user, technology, sales channel and region.

Global Coffee Maker Market - By Product Type:

• Steam Coffee Machine
• Drip Coffee Machine
• Capsule Coffee Machine
• Others

The drip coffee machine segment held the largest share of the global coffee maker market in 2022 and is projected to grow with the highest CAGR in the forecast period. The components of the drip coffee machine, such as the filter and cone, are reusable, which is exceptionally favorable for the demand for drip coffee machines. The manufacturers' introduction of technology in the drip coffee machines is expected to propel the market growth over the forecast period. Intelligent drip coffee machines, designed to be operated by smartphones, will be widely adopted globally in 2022. 

The capsule coffee machines segment has gained traction recently and is expected to grow steadily over the forecast period. The convenience of automatic coffee machines with consistent brewing influences consumers to adopt capsule coffee machines. 

Global Coffee Maker Market - By Technology:

• Semi-Automatic Coffee Machines
• Fully Automatic Coffee Machines

The fully automatic segment dominated the global coffee market with the most significant market share in 2022 and is expected to maintain domination in the forecast period. Due to rising technological advancements, consumers are adopting fully automatic coffee machines because of their convenience and ease of use. Technology has dramatically impacted manufacturers, from single-serve coffee makers to advances in espresso machines; technology plays a vital role in the rise of coffee makers' market growth. The automatic machines are entirely incorporated with technology such as Bluetooth, Wi-Fi, Integration of IoT, and touch screens, which are expected to grow significantly over the forecast period due to significant consumer adoption. 

Global Coffee Maker Market - By End-User:

• Commercial
• Residential

The commercial segment held the largest share of the global coffee maker market in 2022 and is expected to grow significantly in the forecast period. The rising number of cafes and restaurants across the globe is boosting the commercial sector in the coffee maker market. The rapid rise in the corporate sector, the advancements in this sector, and the adoption of the consumption of coffee at workplaces are being trended in the recent period and are expected to fuel the market growth in the commercial segment. The rising investments in commercial areas such as hospitals, airports, and hotels are increasing the demand for coffee makers, reflecting market value growth. 

The residential segment is expected to have steady growth over the forecast period because most developed countries such as the US, UK, and others are witnessing high demand for household coffee makers owing to rising market value.

Global Coffee Maker Market - By Sales Channel:

• Offline
• Online

The offline sales channel segment held the largest market revenue share in 2022. Convenience stores are popular coffee-serving locations for consumers. The offline sales are high due to the quick service and usage of automated machines that provide high-quality coffee, attracting consumers. The market players are expected to benefit from offline sales as many of them collaborate with offline stores and increase the coffee shop locations, enhancing the coffee makers' market revenue. 

The online segment is gaining traction in the recent period due to the increased benefits of online retailing.

Global Coffee Maker Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The European region dominated the global coffee makers market with the most significant share of 32.5% in 2022. The presence of commercial complexes and a growing regional corporate sector is expected to drive the market. The rising consumption of coffee across the region is the major driving factor for the market growth in the European region. Europe accounts for the large imports of green coffee beans, fueling the region's market value. The demand for espresso blend drinks demands the espresso coffee makers in the region, increasing the market growth. The European espresso machine market is the largest in the world due to the high demand for coffee in the region, which is boosting the growth of market size. 

Asia Pacific region is anticipated to increase with a significant CAGR over the forecast period. According to the International Coffee Organization, coffee consumption in the Asia Pacific region is estimated to increase by 2.9% annually. The rising popularity of international brands across the Asia Pacific region commercial sector is fueling the demand for coffee makers, impacting market growth. 

North American region is expected to have steady growth over the forecast period due to rising adoption of coffee across the region.  

KEY MARKET PLAYERS:

Companies playing a leading role in the global coffee maker market are BEHMOR, Jarden Consumer Solutions, SMARTER APPLICATIONS, Auroma Brewing Company, Longhi Appliances, FANSTEL, POPPY, and REDMOND Industrial group, Keurig Green Mountain, Morphy Richards, Nestlé Nespresso, Koninklijke Philips, Delonghi, Electrolux, Melitta, Hamilton Beach, and Panasonic.

RECENT HAPPENINGS IN THE MARKET:

• In September 2022, Keurig Dr. Pepper introduced K-Cafe SMART, the newest brewer. The K-Café SMART is accompanied by the Keurig mobile app with 70 exclusive coffeehouse recipes that help consumers choose and brew their desired drink.
• In July 2022, Keurig Dr. Pepper Inc. and Intelligentsia Coffee announced the launch of Intelligentsia in K-Cup pods for the Keurig brewing system, making the first super premium coffee brand offered to consumers.
• In May 2022, China-based coffee machine manufacturer Kalerm launched a new X series: Model X, X-Pro, and different models. Model X suits smaller restaurants, coffee shops, offices, and bakeries.
• In February 2022, Nestle Nespresso and OpenSC collaborated by announcing the launch of new technology, which increased the transparency in the supply chain of Kahawa Ya Kongo Coffee.
• In May 2021, De'Longhi acquired Eversys, the professional espresso coffee machine space in Switzerland.