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Coffee Machines Market Size

Report ID: GMI6072
Published Date: Jun 2023
Report Format: PDF

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Coffee Machine Market Size

Coffee Machines Market size was valued at USD 8.2 billion in 2022 and is anticipated to grow at a CAGR of 3.4% between 2023 and 2032. The industry expansion can be attributed to the rising consumption of coffee worldwide, which is fueling the demand for coffee machines as consumers seek convenient ways to enjoy their favorite brews.

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Consumers awareness for specialty coffee is supporting the demand for high-quality machines that can brew specialized beverages. Increasing consumer disposable incomes enable consumers to invest in premium coffee machines for a more personalized & elevated coffee experience. Moreover, the rising demand for convenience & time-saving solutions encourage busy individuals to opt for coffee machines that offer quick & hassle-free brewing.

Coffee Machines Market Report Attributes
Report Attribute	Details
Base Year:	2022
Coffee Machines Market Size in 2022:	USD 8.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.4%
2032 Value Projection:	USD 11.3 Billion
Historical Data for:	2018 – 2022
No. of Pages:	300
Tables, Charts & Figures:	585
Segments covered:	Type, Operation Type, End-user, Distribution Channel, and Region
Growth Drivers:	Growing coffee consumption in Asia Pacific region Rising consumer awareness related to specialty coffee Integration of advance technologies in coffee machines Increasing consumer disposable incomes and spending capacity
Pitfalls & Challenges:	High maintenance and repair cost

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The high maintenance & repair cost associated with commercial coffee machines restraining the coffee machines market share. Commercial coffee machines are equipped with critical components, which led to high maintenance and repair cost. However, the evolving consumer consumption preferences will augment the demand for different brewing methods & features. Continuous innovations and market research are needed to adapt to these preferences. Effective customer support, warranty services, and the availability of spare parts are also vital to address potential issues and building trust.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for coffee machines was USD 8.2 billion in 2022 and will witness 3.4% CAGR from 2023 to 2032 due to the rising consumption of coffee worldwide

Coffee machines industry share from the drip filter type segment exceeded USD 2.5 billion in 2022 driven by the increasing accessibility across a wider consumer base

Demand for commercial coffee machines is estimated to record over 2.5% CAGR from 2023-2032 owing to increasing penetration in cafes, restaurants, hotels, and offices

North America recorded over 30% of the coffee machines business share in 2022 owing to the increasing coffee consumption and growing culture of specialty coffee in the region