NEWARK, DE / ACCESSWIRE / December 1, 2022 / As per newly released data by Future Market Insights (FMI), the global automatic coffee machines market is expected to create lucrative growth opportunities by registering a CAGR of 5.1% throughout the forecast period from 2021 to 2031. Coffee is one of the essentials to start the day. Everyone has their preference when it comes to drinking coffee, and from traditional espresso to filter coffee to mocha, the automatic coffee machine serves every coffee variant and excels in different flavors.
Global coffee manufacturers are offering a wide range of variations making equipment and solutions to increase consumers' demand for personalized products based on their usage in different locations around the world.
According to the Future Market Insights historical analysis, the demand for automatic coffee machines grew at a robust CAGR of 5.5% between 2016 to 2020. Increasing penetration of automatic coffee machines in rising cafe chains, restaurants, and hangout places has led to foresee outstanding market growth avenues throughout the forecast period.
The opportunities in the global automatic coffee machine market are predicted to surge exponentially due to an increase in the number of companies investing in research and development (R&D) to launch coffee machines with advanced functionalities.
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Although the process of making coffee is extremely simple still a gradual shift in consumer choice is witnessed from manual coffee-making machines to automatic ones. This is attributed to timesaving and consistency in coffee flavor. Thereby, the automatic coffee machine gained immense popularity in commercial as well as domestic application. One of the major coffee manufacturers invested around US$ 43.03 Mn in 2018 in the creation of a new line of products. The robust expansion of commercial infrastructure is expected to guarantee growth over the forecast period with a phenomenal CAGR of 5.1% between 2021 and 2031.
Key Takeaways
- A semi-automatic coffee machine is known to be a perfect alternative that sits well between a manual coffee machine and a fully automatic coffee machine. Some of the leading manufacturers have recently launched semi-automatic coffee machines featuring a simple operation designed with two shot sizes and an in-built milk-frothing steam wand. Though a semi-automatic coffee machine is quicker than a manual coffee machine as it's partly automated, it's not as quick as a fully automatic machine, coffee pod machine, or drip coffee machine.
- One of the primary benefits of investing in a semi-automatic coffee machine is that doesn't come with any pre-set time slots. Since these machines are semi-automatic, they give the barista full authority to decide on the process of brewing and texture. This offers customers to create a brew as per their preference, which is a key factor besides cost-effectiveness fueling the demand for semi-automatic coffee machines.
- The global market is expected to witness an abundant uptake of fully automatic coffee machines known for being high quality, consistent, and efficient operation. Coffee maker producers are leaving no stone unturned to keep pace with evolving technologies and dynamic consumer preferences. With smart living and home technologies making inroads into the market, smart and Wi-Fi-connected coffee machines have debuted.
- To make the morning routines more tech-savvy, products such as Smarter Coffee machines were introduced into the U.S. market. Being a unique technology, it allows the users to control the appliance with voice commands such as "OK Google, make some coffee". It can be connected to Amazon Alexa, Siri-enabled devices, and Google Home-enabled devices. These developments are likely to prove crucial for growth in the coming years.
- The rising integration of smart technology in domestic electronic appliances is expected to remain a prevailing trait during the forecast period. Automatic coffee machines are identified as one of the key pieces of equipment in today's modern kitchen. This is attributed to the features like convenient accessibility from a distant place. The incorporation of various technologies like Bluetooth and Wi-Fi connectivity is rapidly gaining popularity as users can operate automatic coffee machines through smartphones and provide instruction from anywhere within the connectivity range inside the house.
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Competitive Landscape
The global automatic coffee machine market is fiercely competitive due to the presence of regional and national market players spread all over the world. The majority of prominent players maintain their strategic focus on product quality, product variety, eco-friendly product launches, and market expansion. In addition to that, competition within the automatic coffee machines market has seen a significant surge since market players are focusing on product launches with advanced features besides adopting expansion strategies.
More Insights into the Automatic Coffee Machines Market
The U.S. is known predominantly known as the coffee-lover country in the global coffee industry. Demand for nearly 50% of the automatic coffee machines out of total production comes from North America, of which approximately 70% originated from the United States.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Product Evolution Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
2.3. Impact of Covid-19 on the Global Automatic Coffee Machine Market
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
3.3. Future Prospects of Automatic Coffee Machine Industry
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