Pressure Coffee Machines Market - By Type (Espresso Machine, Pump Coffee Machine, Drip Coffee Machine, Pour-over Coffee Machine, Others (French Press), By Operation (Semi-automatic, Fully Automatic), By Pressure Range, By Installation, By End User, By Distribution Channel, Forecast 2024 – 2032
Report ID: GMI8101
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Published Date: February 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 428
Countries covered: 22
Pages: 480
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Pressure Coffee Machines Market Size
Pressure Coffee Machines Market size was valued at USD 7 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032. The surge in coffee consumption, along with the growing trend of specialty coffee, has contributed to the rise in demand for pressure coffee machines.
Advancements in technology have also played a significant role in the market expansion. Manufacturers are constantly innovating and introducing new features to improve the performance and efficiency of these machines. This has made them more appealing to both commercial and residential users, further fueling market growth.
Pressure coffee machines, especially high-end models, can be relatively expensive. Changes in consumer spending habits may lead to reduced demand for premium coffee machines. Shifts in consumer preferences, such as a growing interest in specialty coffee or alternate brewing methods, can impact the demand for pressure coffee machines. The proliferation of counterfeit pressure coffee machines can undercut legitimate manufacturers' sales and tarnish their brand image. Counterfeit products may lack quality control and pose safety risks to consumers.
Pressure Coffee Machines Market Trends
One of the major trends in the market is the growing home brewing culture. Consumers are increasingly interested in creating cafe-quality coffee at home, leading to the adoption of espresso machines and other pressure-based brewing methods. Smart features are also increasingly being integrated into pressure coffee machines, allowing users to control brewing parameters, customize drink settings, and receive notifications via smartphone apps. Wi-Fi connectivity, voice control, and compatibility with virtual assistants are among the emerging smart features in pressure coffee machines.
Pressure Coffee Machines Market Analysis
Based on type, the market can be segmented into espresso machine, pump coffee machine, drip coffee machine, pour-over coffee machine, and others. The espresso machine segment held a dominant market share of over USD 3.1 billion in 2023 and is anticipated to grow in the coming years. Espresso pressure machines use a pump to generate pressure. This pressure forces hot water through finely-ground coffee beans at a high speed, creating a rich and intense shot of espresso. The high pressure used in espresso machines creates a creamy layer on top of the espresso. Espresso machines can be used to prepare a wide range of coffee-based beverages including lattes, cappuccinos, macchiatos, and Americanos. This versatility makes them suitable for both home use and commercial settings.
Based on operation, the pressure coffee machines market is categorized into semi-automatic and fully automatic. The semi-automatic segment led the market, generating around USD 4 billion in 2023, and is anticipated to grow over the forecast timeframe. Many semi-automatic espresso machines are built with durable materials and components, making them reliable & long-lasting with proper maintenance. By using a semi-automatic machine, users can fine-tune brewing parameters to suit their taste preferences. This adjustability enables experimentation and the ability to create personalized espresso shots. Furthermore, compared to fully automatic espresso machines, semi-automatic machines are often more affordable, making them accessible to a wider range of users.
Europe dominated the pressure coffee machines market with over 31.5% business share in 2023. The regional demand for pressure coffee machines is driven by a combination of factors including the growing popularity of specialty coffee and the rise of home brewing. The EU has one of the world’s highest average annual per capita consumptions, at just above an estimated 5 kg of coffee per person, per year.
According to the World Coffee Index, Luxembourg showcases the highest per capita coffee consumption in the world, averaging over 11 kg per person, per year. Other large coffee-consuming countries include the Netherlands & Finland, at 8.2 kg per person, per year, followed by Sweden at 7.7 kg, Denmark at 7.4 kg, and Norway at 6.8 kg. As a result, the market in Europe is expected to grow at the fastest average annual rate of 4.5% in volume.
Pressure Coffee Machines Market Share
Prominent players including Koninklijke Philips N.V., Breville, and Russel Hobbs accounted for over 30% market share in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.
Pressure Coffee Machines Market Companies
Major players operating in the pressure coffee machines industry include:
Pressure Coffee Machines Industry News
The pressure coffee machines market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:
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Market, By Type, 2018 – 2032
Market, By Operation, 2018 – 2032
Market, By Pressure Range, 2018 – 2032
Market, By Installation, 2018 – 2032
Market, By End Users, 2018 – 2032
Market, By Distribution Channel, 2018 – 2032
The above information is provided for the following regions and countries: