The market value of the Coffee Maker market was valued at 3.8 billion US dollars in the year 2021 and is expected to reach a valuation of 5.1 billion US dollars by the end of 2027, projecting to have a compound annual growth rate of 6.8% during the forecast period of 2021 to 2027. The market value of Coffee Maker is expected to increase more during the forecast period.
It is a machine that is used to brew coffee that was semi-automated or fully automated. It plays a crucial role in the coffee industry.
One of the major driving factors of the Coffee Maker market is the rise in the number of cafes and restaurants and an increase in consumption of coffee in emerging economies, which helps the growth of the market of Coffee Maker market.
New developments and launches in the machine by major key players of the market and the rise in internet penetration are some other major factors propelling the Coffee Maker equipment market revenue rate in the next few years.
Ease of use and consistent brewing results, rising disposable income, and growing youth population are some of the major driving factors that propel the growth of the market of Coffee Maker across the globe.
Low availability and lower consumption, high capacity capital, and maintenance cost are some of the major restraints affecting the coffee maker market's growth.
Another major restraint that is affecting the growth of the market was the availability of other substitutes.
The Coffee Maker market is segmented on the basis of product type, on the basis of end-use, on the basis of technology, on the basis of sales channel, and the basis of region.
The coffee maker market is segmented into steam coffee machine, drip coffee machine, capsule coffee machine, and others based on product type. Among these segments, the capsule coffee machine segment holds the major share of the market due to the increase of benefits provided by the capsule coffee machine, such as convenience, cost-effectiveness, and long life span.
Based on end-user, the Coffee Maker market is bifurcated into two types, namely commercial and residential. Among these segments, the commercial segment holds the market's major share, among others due to the growing consumption of coffee and increasing workplaces.
Based on technology, the coffee maker market is bifurcated into two types, namely semi-automatic coffee machines and fully automatic coffee machines. Among these segments, the fully automatic coffee machines segment holds the market's major share attributed to the factors such as increasing advancements in technology.
Based on sales channels, the market of coffee makers is segmented into two types offline and online. Among these segments, the offline segment holds the market's major share due to the factor such as the customers prefer products from various offline sales channels such as supermarkets, hypermarkets, specialty stores, and convenience stores.
The Coffee Maker market is elaborated in various regions all around the world, such as North America (US, Mexico, Canada and rest of North America), the Europe region (Germany, UK, Italy, Spain, and France), Asia Pacific region (Japan, China, India, Australia and rest of Asia Pacific).
Among these regions, the Asia Pacific region holds the major share of the market of Coffee Maker owing to the increasing population, technological advancements, increasing of disposable income, as well as a growing number of workplaces, propels the growth of the revenue rate of the Coffee Maker market in the Asia Pacific region.
North American region holds the second-largest share of the coffee maker market due to a large number of coffee machine manufacturers, and the strong economy propels the growth of the market in the North American region.
The Europe region is expected to increase the market growth during the forecast period due to the increase of investments by the major key players and growing innovations and rapidly changing lifestyles across the Europe region propels the growth of the coffee maker market in this region.
Key market players:-
Some of the key market players of Coffee Maker market are BEHMOR, Jarden Consumer Solutions, SMARTER APPLICATIONS, Auroma Brewing Company, e’Longhi Appliances, FANSTEL, POPPY and REDMOND Industrial group, Keurig Green Mountain, Morphy Richards, Nestlé Nespresso, Koninklijke Philips, Delonghi, Electrolux, Melitta, Hamilton Beach, and Panasonic.
COVID-19 impact on Coffee Maker market:-
COVID 19 has disrupted the supply chain and manufacturing units across the world. Due to the lockdown, all the restaurants, hotels, and others were shut down in the first half of 2020. The COVID 19 pandemic is a tough part for the coffee companies. The market sales were reduced up to 40% of the total sales in 2019, which is a big challenge for the key players. However, with the unlock guidelines by governments worldwide, all the activities were resumed by taking preventive measures in the last months of 2020. This accelerates the demand for instant coffee in restaurants and hotels that are boosting the coffee maker market's growth rate. It is projected that the market to fall into a substantial growth rate in 2021.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Coffe Maker Market, By Product Type
6.1.1 steam coffee machine
6.1.2 drip coffee machine
6.1.3 capsule coffee machine
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Coffe Maker Market, By End-User
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Coffe Maker Market, By Technology
6.3.1 semi-automatic coffee machines
6.3.2 fully automatic coffee machines
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Coffe Maker Market, By Sales Channels
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By End-User
7.2.4 By Technology
7.2.5 By Sales Channels
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Product Type
7.3.3 By End-User
7.3.4 By Technology
7.3.5 By Sales Channels
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By End-User
7.4.4 By Technology
7.4.5 By Sales Channels
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Product Type
7.5.3 By End-User
7.5.4 By Technology
7.5.5 By Sales Channels
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Product Type
7.6.3 By End-User
7.6.4 By Technology
7.6.5 By Sales Channels
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Jarden Consumer Solutions
8.3 SMARTER APPLICATIONS
8.4 Auroma Brewing Company
8.5 e’Longhi Appliances
8.7 POPPY and REDMOND Industrial group
8.8 Keurig Green Mountain
8.9 Morphy Richards
8.10 Nestlé Nespresso
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures