The coffee machine market is anticipated to exhibit a positive CAGR of 4.7% over the decade, according to the latest research study by Fact.MR, a market research and competitive intelligence provider. The industry is expected to top a valuation of US$ 25 Bn by the end of 2031.
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As coffee machines gain prominence in traditional as well as non-traditional coffee drinking markets, the growth trajectory of the market will witness a steady rise. Evolving demand trends in the coffee machine market can be attributed to:
- Dissemination of knowledge regarding coffee varieties and coffee making processes among consumers
- Growing palate for specialty beverages including coffee
- Intelligent innovations by coffee machine industry titans
- Mushrooming of F&B and coffee shop chains
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Fact.MR study finds that drip coffee machines are expected to account for nearly 2/5 of the total coffee machine sales in 2031. Easy operation, simple design, and quality brewing are key factors responsible for significant demand for drip coffee machines. Fact.MR also finds that a good price point of drip coffee machines is another reason that maintains the machine’s popularity.
Competitive Landscape: Notable Highlights
- In August 2018, Dualit Limited, a key player in the coffee machine market, launched a new CaféPro Capsule Machine which is compatible with company’s NX coffee capsules and other popular beverage brands such as Fine Tea capsules and Nespresso coffee capsules. Digital display and ease of use of the new machine is Dualit’s strategy to deliver a professional experience to consumers and expand its consumer base.
- In October 2018, Italian coffee maker illycaffè and German conglomerate JAB Holding Company announced collaboration to produce illy-branded coffee pods compatible with Nestle’s Nespresso machines. While illycaffe’s coffee pods were compatible with the company’s own coffee machine, stronger Europe market position of Nestle machines has led illycaffe to introduce Nespresso compatible capsules.
- On November 21, 2018, Nestle Nespresso announced an investment of CHF US$ 43 Mn for the development of two new production lines in company’s Romont factory in a bid to meet the growing demand for coffee system Vertuo. The company has also inaugurated the Product Development Center and Coffee Campus which will develop innovative machines and coffees from rare origins.
- In March 2018, De’Longhi, a leading player in consumer appliances announced the introduction of specialty coffee machine category which also includes Dinamica Fully Automatic Coffee Machine. De’Longhi has been a traditional player in specialty coffee machines and the new additions are expected to further expand the brand popularity.
- In February 2018, JURA Elektroapparate AG announced a 14% rise in the sale of its automatic coffee machines. In July 2018, the company launched Jura Giga X8’s updated version at The H&C EXPO. The new introduction is an automatic bean-to-cup coffee machine line whose original version is highly embraced by consumers.
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Key Country-wise Inclusions
• US Coffee Machine Market
• Canada Coffee Machine Market Sale
• Germany Coffee Machine Market Production
• UK Coffee Machine Market Industry
• France Coffee Machine Market
• Spain Coffee Machine Market Supply-Demand
• Italy Coffee Machine Market Outlook
• Russia & CIS Market Analysis
• China Coffee Machine Market Intelligence
• India Coffee Machine Market Demand Assessment
• Japan Coffee Machine Market Supply Assessment
• ASEAN Coffee Machine Market Scenario
• Brazil Coffee Machine Market Sales Analysis
• Mexico Coffee Machine Market Sales Intelligence
Report Benefits & Key Questions Answered
- Coffee Machine Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Coffee Machine Market Historical volume analysis: The report provides a comparison of Coffee Machine Market historical sales and projected sales performance for 2021-2031.
- Coffee Machine Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Coffee Machine Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Coffee Machine Market Consumption by demographics: The report investigates consumer behavior affecting Coffee Machine Market demand outlook for the assessment period. Effect of their keenness for digital trends on Coffee Machine Market is carefully analyzed
- Post COVID consumer spending on Coffee Machine Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Coffee Machine Market growth.
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