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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.
What is the size of pressure coffee machines industry?
The pressure coffee machines market was valued at USD 7 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 & 2032, owing to the surge in coffee consumption, along with the growing trend of specialty coffee.
Why is the use of semi-automatic pressure coffee machines growing?
The semi-automatic segment generated around USD 4 billion in 2023 and is anticipated to grow over 2024 and 2032, as they are reliable and long-lasting, requiring lesser maintenance.
Why is Europe pressure coffee machines industry expanding?
Europe dominated the pressure coffee machines market with over 31.5% revenue share in 2023, favored by growing popularity of specialty coffee and the rise of home brewing.
Who are the major contenders in pressure coffee machines industry?
AGARO, BLACK+DECKER, Breville, BRIM, Continental, ECM GmbH, GEVI, Honica Technology Co., Ltd., Koninklijke Philips N.V., Miele, Russell Hobbs, and Salter.