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The global Coffee Machines market is expected to register a CAGR of 6.57% from 2022 to 2030 and hold a value of over USD 13.12 billion by 2030.
The industry of producing, supplying, and marketing tools and equipment used in coffee preparation is referred to as the coffee machines market. This market includes a wide range of coffee machines, such as espresso machines, drip coffee makers, French presses, percolators, pod-based coffee machines, and more. The coffee machine market is driven by the growing demand for coffee among consumers, as well as the convenience and customization offered by modern coffee-making devices. This market is highly competitive, with numerous brands and manufacturers vying for market share and continually introducing new features and technologies to appeal to consumers. In the COVID-19 pandemic With lockdowns and social distancing measures implemented in many countries, consumers were forced to stay at home and seek alternatives to their usual coffee shop purchases. This led to a surge in demand for home coffee machines as consumers sought to replicate their favorite café-style beverages at home. the coffee machine market quickly adapted and adjusted to meet the new demand. Manufacturers and retailers worked to ensure that home coffee machines were widely available and accessible to consumers through online channels and curbside pickups.
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Key Players
Some of the key market players are Keurig Dr. Pepper Inc., De’Longhi S.p.A., JURA Elektroapparate AG, Nestle S.A., Breville Group Limited, Hamilton Beach Brands Holding Company, Melitta Group, Koninklijke Philips N.V., Technivorm Moccamaster, and Smeg.
Market Segmentation
The Global Coffee Machines market has been segmented into Product Type, End-user, and Distribution channel.
Based on the product type, the market has been segmented into espresso machines, drip coffee makers, single-serve coffee machines, French presses, percolators, and others.
Based on the End-user, the market has been segmented into commercial or institutional customers (e.g. coffee shops, offices, restaurants, hotels, etc.) or household customers (e.g. individuals or families).
Based on the distribution channel, the market has been segmented into retail stores, online stores, specialty stores, supermarkets, and others.
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Regional Analysis
North America is the largest market for coffee machines, owing to the high consumption of coffee and the presence of a large number of coffee shops and cafes in the region. The United States is the major consumer of coffee machines in this region.
Europe is another major market for coffee machines, owing to the high consumption of coffee in the region. The demand for coffee machines in Europe is expected to increase due to the growing trend of home-brewed coffee and the increasing popularity of specialty coffee.
The Asia Pacific region is expected to witness significant growth in the coffee machines market, owing to the increasing consumption of coffee in countries such as China and India, and the growing trend of coffee shops and cafes in the region. The increasing adoption of Western lifestyles and the rising disposable incomes of consumers are expected to drive the growth of the coffee machine market in the Asia Pacific region.
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