Fact.MR has compiled a study on the coffee machine market and published a report titled, "Coffee Machine Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027." The coffee machine market report covers all the vital facets of the industry that hold significant impact on the future progress of the coffee machine market. The coffee machine market analysis included in the report is based on a thorough assessment of driver, restraints, opportunities and trends prevailing in the coffee machine market.
The coffee machine market is thoroughly studied for the demand trends and potential opportunities in the industry landscape. Based on the comprehensive analysis, the coffee machine market is segmented in the most viable categories to derive an all-inclusive outlook of the coffee machine market.
Competitive Landscape: Notable Highlights
In August 2018, Dualit Limited, a key player in the coffee machine market, launched a new CaféPro Capsule Machine which is compatible with company’s NX coffee capsules and other popular beverage brands such as Fine Tea capsules and Nespresso coffee capsules. Digital display and ease of use of the new machine is Dualit’s strategy to deliver a professional experience to consumers and expand its consumer base.
In October 2018, Italian coffee maker illycaffè and German conglomerate JAB Holding Company announced collaboration to produce illy-branded coffee pods compatible with Nestle’s Nespresso machines. While illycaffe’s coffee pods were compatible with the company’s own coffee machine, stronger Europe market position of Nestle machines has led illycaffe to introduce Nespresso compatible capsules.
On November 21, 2018, Nestle Nespresso announced an investment of CHF 43 million for the development of two new production lines in company’s Romont factory in a bid to meet the growing demand for coffee system Vertuo. The company has also inaugurated the Product Development Center and Coffee Campus which will develop innovative machines and coffees from rare origins.
In March 2018, De’Longhi, a leading player in consumer appliances announced the introduction of specialty coffee machine category which also includes Dinamica Fully Automatic Coffee Machine. De’Longhi has been a traditional player in specialty coffee machines and the new additions are expected to further expand the brand popularity.
In February 2018, JURA Elektroapparate AG announced a 14% rise in the sale of company’s automatic coffee machines. In July 2018, the company launched Jura Giga X8’s updated version at The H&C EXPO. The new introduction is an automatic bean-to-cup coffee machine line whose original version is highly embraced by consumers.
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Prominent players continue to hold a hefty revenue share in the coffee machine market with their classic product portfolio as well as continual technology adoption aligned with consumer expectations. Koninklijke Philips N.V. is the front-runner in the coffee machine market whereas De’Longhi S.p.A and JURA Elektroapparate present strong competition with their consistent product developments.
Along with the delivery of breakthrough customer experience, manufacturers are aiming at delivering a value-added product. A new trend of introducing coffee pods that are compatible with coffee machines or vice-versa is observed in the market to relieve machine owners’ recurrent bemusement. In addition, owing to the popularity of automation, in the past few years a meteoric rise in the introduction of automatic coffee machines with features like digital display and personalization facility has been observed.
While coffee machine plays a crucial role in the coffee shop industry, adoption trends of different types of coffee machines differ according to the location of the café. Coffee shops make their own coffee machine selection across cities. For instance, in Tier 1 cities, famous brands of coffee shops prefer high priced premium coffee machine brands.
On the other hand, coffee shops in Tier 2 cities, with their tight budget cannot afford coffee machines whose prices are comparable to the capital investment involved in shop opening. The differing levels of adoption lead to variable purchase prices of coffee machines across cities.
Coffee shop industry is flourishing with a significant number of cafes being built globally. As cafes and specialty coffee shops deliver extra features such as unique service, breakfast options and superior coffee quality, popularity of western brands such as Starbucks and Costa Coffee has increased significantly. Success of these coffee shop brands plays a crucial role in the growth of the coffee machine market, owing to their strong domestic presence in major world countries.
In the commercial sector, coffee machines are the most important equipment. Commercial infrastructures prefer either automatic or semi-automatic coffee machines wherein purchase of coffee machine is decided on the basis of cost, coffee volume and consumer sentiments.
Growing fast food demand and evolving needs of of time-pressed consumers have led to an impressive growth of F&B chains in major world countries. The growth is further fuelled by mushrooming of convenience stores, fast food chains and bakeries. In particular, convenient stores are the prime destinations of coffee purchase among coffee lovers. Quick serve and automatic machines that deliver high-quality coffee determine the success of these convenient stores. While coffee shops attract a specific population of coffee lovers, F&B chains serve a wide range of consumers from mid to high standard. Considering the distinct needs of F&B chains and specialty coffee shops, manufacturers in the coffee machine market are introducing multiple models of coffee machines.
With the increasing number of discerning consumers and evolving palate for gourmet varieties, demand for specialty beverages including coffee has grown significantly in the past few decades. In particular, propensity for specialty coffee has risen notably.
According to the National Coffee Association (NCA), 62% of Americans were reported as daily coffee consumers in 2017. Europe also presents an attractive coffee market and registers one of the highest global consumption. Emerging countries, with a significant millennial population, are witnessing a significant rise in coffee consumption. As per International Coffee Organization (ICO), coffee consumption in China is growing at an annual 15% rate as compared to a 2% annual increase in North America and Europe.
Growing popularity of coffee and preference for specialty coffee varieties has led to consumers preferring coffee machine coffee over hand-made coffee. This trend has translated into a considerable rise in the sales of coffee machines.
Coffee machine is an electrical appliance which is used to brew coffee. A different types of coffee machines working on different brewing principles are available in the market. Coffee ingredients are added separately in the coffee machine which are then processed in the machine to make ready brewed coffee.
The coffee machine market is segmented on the basis of product type, technology, end-use and sales channel. Based on product type, the coffee machine market is segmented in capsule, drip and steam. Based on technology, the coffee machine market is categorized in manual, semi-automatic and automatic coffee machines.
The coffee machine market is segmented based on sales channel wherein coffee machine distribution through retail sales, direct sales and online sales is analyzed. Based on end use, the coffee machine market is segmented in hotel, restaurant, café, institutional and residential.
The coffee machine market analysis is also carried out for key business regions including North America, Latin America, Europe, Japan, APEJ and MEA. Regional analysis is backed by a thorough country-wise analysis.
In addition to the aforementioned insights, the coffee machine market report also covers other aspects crucial to the market’s progress. An all-inclusive analysis of the coffee machine market included in the report can provide answers to some of the bemusing questions of the business professionals interested in the coffee machine market.
What will be the market size of the coffee machine market in 2019 in terms of number of units sold?
Which region is likely to hold dominating revenues in the coffee machine market and which are the regions with higher potential in the future?
Which sales channel will witness higher share in the coffee machine market in 2019?
Which technology remains highly preferred to brew coffee in coffee machine market?
Which end use segment will present lucrative opportunities in the coffee machine market?
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