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Tuesday, May 7, 2024

Automatic Coffee Machines Market is Expected to Expand at a CAGR of 5.1% During the Forecast Period 2031 | Future Market Insights

Last updated Tuesday, September 12, 2023 12:33 ET , Source: Future Market Insights, Inc.

Newark, United States, 09/12/2023 / Future Market Insights, Inc. /

The global automatic coffee machines market is expected to create lucrative growth opportunities by registering a CAGR of 5.1% throughout the forecast period from 2021 to 2031. Coffee is one of the essentials to start the day. Everyone has their preference when it comes to drinking coffee, and from traditional espresso to filter coffee to mocha, the automatic coffee machine serves every coffee variant and excels in different flavors.

Global coffee manufacturers offer various variations, making equipment and solutions to increase consumers’ demand for personalized products based on their usage in different locations worldwide.

According to the Future Market Insights historical analysis, the demand for automatic coffee machines grew at a robust CAGR of 5.5% between 2016 to 2020. Increasing penetration of automatic coffee machines in rising cafe chains, restaurants, and hangout places has led to foresee outstanding market growth avenues throughout the forecast period.

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The global automatic coffee machine market opportunities are predicted to surge exponentially due to increased companies investing in research and development (R&D) to launch coffee machines with advanced functionalities.

Although making coffee is extremely simple, a gradual shift in consumer choice is witnessed from manual coffee-making machines to automatic ones. This is attributed to timesaving and consistency in coffee flavor. The automatic coffee machine gained immense popularity in commercial and domestic applications. One of the major coffee manufacturers invested around US$ 43.03 Million in 2018 to create a new line of products. The robust expansion of commercial infrastructure is expected to guarantee growth over the forecast period, with a phenomenal CAGR of 5.1% between 2021 and 2031.

Key Takeaways

  • A semi-automatic coffee machine is a perfect alternative that sits well between a manual coffee machine and a fully automatic coffee machine. Some leading manufacturers have recently launched semi-automatic coffee machines featuring a simple operation designed with two shot sizes and an in-built milk-frothing steam wand. Though a semi-automatic coffee machine is quicker than a manual coffee machine as it’s partly automated, it’s not as quick as a fully automatic machine, coffee pod machine, or drip coffee machine.
  • One of the primary benefits of investing in a semi-automatic coffee machine is that doesn’t come with any pre-set time slots. Since these machines are semi-automatic, they give the barista full authority to decide brewing and texture. This allows customers to create a brew per their preference, which is a key factor besides cost-effectiveness fueling the demand for semi-automatic coffee machines.
  • The global market is expected to witness an abundant uptake of fully automatic coffee machines, which are high quality, consistent, and efficient. Coffee makers leave no stone unturned to keep pace with evolving technologies and dynamic consumer preferences. With smart living and home technologies making inroads into the market, smart and Wi-Fi-connected coffee machines have debuted.
  • To make the morning routines more tech-savvy, products such as Smarter Coffee machines were introduced into the U.S. market. Being a unique technology, it allows the users to control the appliance with voice commands such as “OK, Google, make some coffee.” It can be connected to Amazon Alexa, Siri-enabled, and Google Home-enabled devices. These developments are likely to prove crucial for growth in the coming years.
  • The rising integration of smart technology in domestic electronic appliances will remain prevailing during the forecast period. Automatic coffee machines are identified as one of the key pieces of equipment in today’s modern kitchen. This is attributed to the features like convenient accessibility from a distant place. Incorporating various technologies like Bluetooth and Wi-Fi connectivity is gaining popularity as users can operate automatic coffee machines through smartphones and provide instruction from anywhere within the home’s connectivity range.

“These machines offer convenience and consistent quality, catering to the growing demand for specialty coffee beverages in homes and businesses alike, making them a cornerstone of the coffee industry.” – By the Research Analyst, Future Market Insights.

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Competitive Landscape

The global automatic coffee machine market is fiercely competitive due to the presence of regional and national market players worldwide. Most prominent players maintain their strategic focus on product quality, product variety, eco-friendly product launches, and market expansion.

In addition to that, competition within the automatic coffee machines market has seen a significant surge since market players are focusing on product launches with advanced features besides adopting expansion strategies.

Besides adopting different strategies for expansion, the key market players are focusing on product launches with advanced features.

For instance:

  • Swiss brand – Ergo has lately started selling a fully automatic coffee machine called Next Touch Coffee. Besides featuring a self-adjusted grinder, it can be configured with IoT innovations and different options and has many payment systems. The report contains insights into some prominent global automatic coffee machine market players, like Koninklijke Philips N., Keurig Green Mountain, Inc., De’Longhi Appliances s.r.l, Nestlé Nespresso S.A and many more.

Key Companies Profiled

  • Koninklijke Philips N.V
  • Keurig Green Mountain, Inc.
  • De’Longhi Appliances s.r.l
  • Nestlé Nespresso S.A
  • Melitta Group
  • JURA Elektroapparate AG
  • BUNN-O-Matic Corporation
  • BSH Hausgeräte GmbH
  • Bravilor Bonamat B.V
  • Animo B.V

Automatic Coffee Machines Market Segmentation by Category

Product Type

  • Fully Automatic
  • Super Automatic
  • Semi-Automatic

End Use

  • Hotel
  • Restaurant
  • Cafe
  • Institutional
  • Residential

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
  • Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)

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About the Consumer Products Division at Future Market Insights (FMI)

Future Market Insights (FMI) highly experienced consumer products team aids companies worldwide with their specific business intelligence needs through professional research, actionable insights, and strategic recommendations.

With a library of over a thousand research and one million+ data points, the team has spent over a decade analyzing the technology business across 50+ countries. From start to end, the company provides unrivaled research and consulting services. Please get in touch with us to see how we can help.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments about Consumer Retail Goods.

Her work primarily focuses on facilitating strategic decisions, planning and managing cross-functional business operations technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food and beverage market reports and studies that include consumer market, retail, and manufacturer research perspectives. She has also been involved in several bulletins in food magazines and journals.

Explore FMI’s Extensive Ongoing Coverage of Consumer Product Market Insights

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