Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5 Billion | USD 7 Billion | 4% | 2023 |
The global fully automatic coffee machine market size was evaluated at $5 billion in 2023 and is slated to hit $7 billion by the end of 2032 with a CAGR of nearly 4% between 2024 and 2032.
Fully automatic coffee machines are designed to streamline the process of the coffee-making method, thereby allowing end-users to enjoy high-quality beverages with minimal effort. Key features of the product include one-touch operations, built-in grinders, customized settings, milk frothers, and self-cleaning functions. Reportedly, the kinds of automated coffee machines include espresso machines, single-serve machines, and bean-to-cup machines.
Huge consumer consumption of convenience items to boost the global market expansion over 2024-2032
Escalating customer demand for convenience products and hassle-free coffee brewing services is likely to prop up the expansion of the global fully automatic coffee machine market. An increase in the consumption of coffee drinks such as cappuccino and espresso is projected to boost the global market trends. Huge preference for specialty coffee and hectic lifestyles are projected to bolster the expansion of the market globally.
Technological breakthroughs have resulted in the manufacture of user-friendly products, thereby proliferating the size of the global market. Beneficial features such as customized settings, touchscreens, and smartphone connectivity will boost the market growth globally. An increase in the per capita income of the customers will embellish the global market upsurge in the years ahead.
Huge charges of product deployment can retard the global industry expansion over analysis timeline
High initial costs of the product and rising maintenance & cleaning activities are predicted to halt the expansion of the global fully automatic coffee machine industry. Moreover, technological obsolescence and cutthroat competition are likely to hinder the global industry surge in the years ahead. Supply chain oscillations can retard the expansion of the industry globally.
Demand for precision products to craft a profitable growth curve for the global market
Surging health & wellness trends and growing customer preference for sustainable products are anticipated to generate new growth avenues for the global fully automatic coffee machine market. Apart from this, need for customized and personalized products are likely to prop up the global market expansion.
Economic depressions & rising raw component prices to challenge the global industry surge by 2032
Economic recessions and health and safety concerns are some of the major factors likely to challenge the expansion of the global fully automatic coffee machine industry. Moreover, an increase in the cost of raw materials has culminated in growing production costs, thereby hindering the global industry's progress.
Report Attributes | Report Details |
---|---|
Report Name | Fully Automatic Coffee Machine Market |
Market Size in 2023 | USD 5 Billion |
Market Forecast in 2032 | USD 7 Billion |
Growth Rate | CAGR of 4% |
Number of Pages | 226 |
Key Companies Covered | De'Longhi, Nespresso, Gaggia, Jura Elektroapparate AG, Saeco, Breville, Melitta, Miele, Bosch, Philips, WMF, Carimali, and others. |
Segments Covered | By Product Type, By End-User, By Price Range, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global fully automatic coffee machine market is divided into product type, end-user, price range, and region.
In terms of product type, the fully automatic coffee machine market across the globe is segmented into bean-to-cup machines and pod-based machines segments. The pod-based machines segment is likely to be the leading segment during the forecast timeline. The rapid growth of this segment can be owing to convenience and consistency in product performance along with their ease of use.
On the basis of end-user, the global fully automatic coffee machine industry is bifurcated into residential and commercial segments. Furthermore, the residential segment is likely to dominate the growth of the global industry in the coming eight years. The key factors driving the growth of the segment can be a result of the humungous preference of consumers to recreate the café-quality coffee experiences at home. Moreover, an increase in the per capita income, along with the willingness of consumers to invest in premium appliances such as fully automatic coffee machines, will steer the segmental surge. Moreover, busy lifestyles and the need for convenience have steered the purchase of the product in various households.
On the basis of price range, the global fully automatic coffee machine industry is bifurcated into entry-level, high-end, and mid-range segments. Moreover, the mid-range segment is likely to record the fastest growth rate over 2024-2032 owing to the easy availability of mid-range products to a huge chunk of the global population, a strong value proposition, and easy access to mid-range models with new features.
Asia-Pacific is projected to maintain a leading position in the global market over the expected timeline
Asia-Pacific, which contributed approximately 58% of the global fully automatic coffee machine market earnings in 2023, is expected to maintain a dominant position in the coming few years. The market's humungous growth over the forecast timespan can be due to swift economic development, high customer spending capacity, and increased disposable income of middle-income groups in India and China. Moreover, rising urbanization and the presence of key manufacturers in the region will drive the regional market expansion.
The European fully automatic coffee machine industry is set to record the highest CAGR in the forecast period. The industry expansion in the region can be credited to rising customer preference for coffee preparation of high quality due to snowfall and colder climatic conditions. Furthermore, inclination towards the use of home-brewing coffee is likely to augment the regional industry surge.
The global fully automatic coffee machine market profiles key players such as:
The global fully automatic coffee machine market is segmented as follows:
By Product Type
By End-User
By Price Range
By Region
FrequentlyAsked Questions
Fully automatic coffee machines are designed to streamline the coffee-making process, thereby allowing end-users to enjoy high-quality beverages with minimal effort.
The global fully automatic coffee machine market will grow over the forecast period due to an increase in the consumption of coffee drinks such as cappuccino and espresso.
According to a study, the global fully automatic coffee machine industry size was $5 billion in 2023 and is projected to reach $7 billion by the end of 2032.
The global fully automatic coffee machine market is anticipated to record a CAGR of nearly 4% from 2024 to 2032.
The European fully automatic coffee machine industry is set to register the fastest CAGR over the forecasting timeframe owing to rising customer preference for high-quality coffee preparation due to snowfall and colder climatic conditions. Furthermore, inclination towards the use of home-brewing coffee is likely to augment the regional industry surge.
The global fully automatic coffee machine market is led by players such as De'Longhi, Nespresso, Gaggia, Jura Elektroapparate AG, Saeco, Breville, Melitta, Miele, Bosch, Philips, WMF, and Carimali.
The global fully automatic coffee machine market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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