The global Manual & Automatic Coffee Machine market is anticipated to grow at a CAGR of 5.4 % during the forecast period (2022-2028). A coffee machine also known as a coffeemaker is a kitchen appliance that is used to brew coffee. Coffee machines are offered in both types including handheld manual coffee machines, and automatic coffee machines. The major factor attributing to the growth of the global manual & automatic coffee machine market is the increasing use of coffee machines in restaurants. According to an article published by the National Restaurant Association in 2021, the estimated size of the global restaurant industry is around $799 billion in 2021 and giving employment to around 14.5 million people. Thus, increasing the use of coffee machines in restaurants will propel the growth of the market during the forecast period.
The use of coffee machines is also increasing in hotels by customers due to the increasing number of hotels across the globe. According to an article published by Condor Ferries Ltd. in 2021, there are more than 7,00,000 hotels & resorts accounting for 16.4 million hotel rooms across the globe. The size of the global hotel industry is around $570 billion. Among these, China is the country with the most number of hotels with around 4,169 hotels. London & Dubai are the cities with the major number of 5-star hotels across the globe. Thus, propelling the growth of the global manual & automatic coffee machine market over the forecast period.
Some major players in the market include Panasonic Corp., Electrolux, Nestle Nespresso SA, Jarden LLC, and De’Longhi Appliances S.r.l., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances,
- In January 2020, Starbucks Corp. introduced new Ai-enabled coffee machines in the stores in the US & UK. The new automatic AI-enabled coffee makers will provide an efficient brewing experience to users.
- In July 2019, Franke Kaffeemaschinen AG, a Swiss-based coffee machine company acquired a majority stake in Dolla Corte S.r.l., an Italian coffee machine manufacturer. This acquisition will benefit Franke’s business of private & professional premium espresso machine segment.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Panasonic Corp., Electrolux, Nestle Nespresso SA, Jarden LLC, De’Longhi Appliances S.r.l., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Manual & Automatic Coffee Machine Market Report by Segment
By Type
- Drip Coffee Machine
- Steam Coffee Machine
- Capsule Coffee Machine
- Others
By Application
- Residential
- Commercial
By Distribution Channel
- Online
- Offline
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