Global Smart Coffee Maker Market Is Predicted to Grow Around USD 9.256 Billion By 2030

Global Smart Coffee Maker Market Is Likely to Grow At A CAGR Value Of Around 4.72% By 2030

The global smart coffee maker market size was worth around USD 6.412 Billion in 2022 and is predicted to grow to around USD 9.256 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.72% between 2023 and 2030.

The smart coffee maker industry is a segment of the coffee industry that deals with coffee machines or coffee makers equipped with smart technology and powered by the Internet. In recent years, the industry growth is mainly a result of exponential digitization and the use of smart technology. It is currently dominated by giants like Keurig, Nespresso, and Breville, but is home to some of the revolutionary start-ups as well. Typically, smart coffee makers are connected to the internet and allow the users to control their features using mobile applications or voice assistants like Alexa, Google Assistant, and Amazon. They may also include facilities like personalized brewing settings, automatic shut-off, and the ability to order coffee beans or other supplies automatically. Overall, the smart coffee maker industry is currently relatively small and still exploring the commercial world. But in the years to come, it can expect higher growth as global leaders move toward higher digitization.

The global smart coffee maker market is projected to grow owing to several factors. One of the key reasons for higher expansion is the several advantages offered by smart coffee machines. They offer a range of easy and convenient features, such as scheduled coffee brewing, sending alerts in case of a shortage of coffee machines, and the ability to operate them remotely. These features are known to save time and effort for the users which they can utilize for other crucial activities. In addition to this, the growing interest of consumers in specialty coffee could result in a higher growth rate.

Smart coffee makers are enabled to prepare and offer high-quality variations in terms of the beverage under discussion. They can be used either at home or in a commercial setting. The product capacity depends on the final expected outcome. Some of these makers come with built-in grinders which allow customers to customize coffee even in a commercial unit. Moreover, the solid marketing tactics adopted by the players have resulted in mass public awareness which is further strengthened by the increased entry of new players resulting in a dip in the overall cost of the product.

The global smart coffee maker industry faces a few growth restraints as well. One of the leading causes of loss of revenue is the growing concerns over connectivity issues. Like any other device that is highly reliant on internet connectivity, smart coffee makers are susceptible to any issues that may arise causing internet disruption. Such concerns may also arise due to internal software glitches. In addition to this, smart machines are prone to hacking attempts and breaches. They hold crucial information related to the user and a successful hacking attempt can put the owners at risk.

The growing adoption in the HoReCa segment could provide growth opportunities while competition from alternatives may act as a major challenge.

The global smart coffee maker market is segmented based on application, product, and region.

Based on application, the global market segments are residential and commercial. Currently, the industry is expected to witness the highest growth in the residential sector since it already has a dedicated consumer base in this group. The high segmental revenue is due to the growing demand for convenience and customization among consumers as well as the increasing adoption of smart home technology. In addition to this, the commercial segment is also expected to grow at a rapid rate as hotels and cafes look for measures to provide a better experience to their customers. The commercial segment growth is expected to be led by factors like the need for efficient and consistent coffee preparation, as well as the ability to track and analyze usage data for business purposes. In 2020, the European population represented over 28% of global coffee consumption.

Based on product, the global smart coffee maker market is segmented into bean-to-cup, espresso, drip filter, and pod or capsule. The industry may witness the highest growth in the espresso segment followed by pod/capsule coffee makers since currently the highest sale of smart coffee makers is observed in these segments. Espresso machines have always been a popular choice amongst regular coffee drinkers and the smart version of the coffee-making machine features automated brewing and personalized settings. Pod and capsule coffee makers provide excellent convenience and hence have grown in terms of popularity. On average, smart coffee makers can range from around $100 to $500 or more.

The global smart coffee maker market is projected to witness the highest growth in North America owing to the growing entry of new players in the regions of Canada and the USA. Both these regions are highly advanced in terms of technological growth. Furthermore, the US government and other bodies are spending heavily on the integration of small or larger devices to the internet thus promoting the adoption of smart home devices. Growing product awareness rate strengthened by rising disposable income is also crucial to regional growth.

In Europe, the market is mostly driven by the presence of a large number of regular coffee consumers along with strategic measures of the product providers with coffee cafes and hotels. The partnership provides the manufacturers a close contact with the consumer group. In Asia-Pacific, China, Japan, Singapore, South Korea, and India may lead to high CAGR owing to the growing population that is an inclination toward smart devices.

This review is based on a report by Zion Market Research, titled “Smart Coffee Maker Market By Application (Residential and Commercial), By Product (Bean-to-Cup, Espresso, Drip Filter, and Pod or Capsule), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/smart-coffee-maker-market

Recent Developments:

• In October 2020, Nespresso, Nestlé's coffee brand, announced the launch of a new range of smart coffee makers with touchless functionalities. The company has launched 3 variations for its Nespresso Momento machines
• In February 2022, OpenSC and Nestle Nespresso S.A. announced a joint collaboration for the launch of a new technology that is expected to improve supply chain issues around KAHAWA ya CONGO coffee
• In May 2021, Eversys was acquired by De’ Longhi S.p.A. The former is a Switzerland-based popular brand in the professional espresso coffee machine segment

The global smart coffee maker market is led by players like:

• Brewgenie
• Behmor Inc.
• Nuova Simonelli S.p.A.
• DeLonghi Appliances S.r.l.
• Mr. Coffee
• Hamilton Beach Brands Holding Company
• Third Wave Automation
• JURA Elektroapparate AG
• Tchibo GmbH
• Keurig Dr Pepper Inc.
• Wilfa
• Koninklijke Philips N.V.
• Melitta Group
• Zojirushi Corporation
• Nestlé S.A.
• Touch Coffee & Beverages
• Smarter Applications Ltd.
• Krups
• SMARTER Coffee Company Ltd.
• Nespresso
• SmarterVending Inc.
• Technivorm
• Bonavita BV1900TS
• OXO On
• Illycaffè S.p.A.

The global smart coffee maker market is segmented as follows:

By Application

• Residential
• Commercial

By Product

• Bean-to-Cup
• Espresso
• Drip Filter
• Pod or Capsule

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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