Coffee Machines Market Research Report and Outlook by 2028

The coffee machines market was valued at approximately US$ 15,340.75 million in 2021 and is anticipated to grow to US$ 20,596.79 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.3% from 2020 to 2028.

A coffee machine is an appliance designed for brewing coffee. There exists a variety of coffeemakers that utilize different brewing techniques, but the most commonly used devices incorporate either paper or metal filters placed in a funnel over a glass or ceramic coffee pot, resembling a kettle-style cooking vessel. Coffee machines come in numerous shapes and sizes, featuring various models such as filter coffee machines, espresso machines, capsule and pod coffee makers, among others. This diversity has significantly contributed to the rising demand for coffee machines. Furthermore, manufacturers are innovating by introducing drip machines equipped with advanced technological features, which is expected to further stimulate growth in this segment.

The market for coffee machines is categorized by type into filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. In 2020, the filter coffee machine segment dominated the market share. A filter coffee maker operates by allowing water to drip automatically into a heating tube. Once the water reaches the desired temperature, it is poured over ground coffee, passing through a filter and resulting in a hot cup of coffee. The process of filtering coffee involves pouring hot water over ground coffee to extract its flavors. The solid coffee grounds are separated, yielding a fully liquid beverage. Several factors influence the quality of filtered coffee, including the coarseness of the coffee grounds and the roast profile. Filter coffee typically requires coarser grounds and a greater volume of water compared to espresso, and it also takes longer to brew. The flavor profile, including intensity and nuances, is affected by the grind size and roast characteristics. Filter coffee machines primarily utilize either metal or paper filters where the coffee grounds are placed. The grounds are allowed to steep in hot water, which then collects as a filtrate in a pot. The resulting filter coffee is known for its cleaner, smoother, and less acidic taste, making it a preferred choice for those who enjoy black coffee.

The COVID-19 pandemic, which was first identified in Wuhan, China, in December 2019, has had a profound impact on global economies and industries. Countries such as the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina were among the hardest hit in terms of confirmed cases and fatalities. The pandemic has led to significant disruptions across various sectors, including the consumer goods industry, which has faced severe challenges due to lockdowns, travel restrictions, and business closures. The coffee machines market has not been immune to these disruptions, with supply chain interruptions and manufacturing plant shutdowns affecting production capabilities in key regions such as North America, Europe, Asia Pacific, South America, Central America, and the Middle East and Africa. These challenges have hindered global supply chains, adversely impacting manufacturing activities, delivery timelines, and overall product sales. Additionally, many companies have reported potential delays in product deliveries and a downturn in future sales. The global travel restrictions imposed by numerous countries have also obstructed business collaborations and partnership opportunities, further exacerbating the economic challenges faced by the industry.

Key players in the coffee machines market include Keurig Green Mountain, Inc., Robert Bosch GmbH, Electrolux AB, Illycaff? S.P.A., Koninklijke Philips N.V., Krups GmbH, Morphy Richards, Nestl? S.A., Panasonic Corporation, and Luigi Lavazza S.P.A.. These companies are at the forefront of the coffee machines market, contributing to its growth and innovation.

The overall size of the coffee machines market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights. Participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the coffee machines sector.