USD 6.41 billion
Coffee Maker Market Size, Share, Growth Analysis, By Type(Drip Coffee Makers, Single-Serve Coffee Makers, Espresso Machines, and others), By Distribution Channel(Online Retail, Brick-and-Mortar Stores, and Specialty Coffee Shops), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2118 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
64
|Figures:
75
Coffee Maker Market Insights
Global Coffee Maker Market size was valued at USD 6.41 billion in 2021 and is poised to grow from USD 6.71 billion in 2022 to USD 9.26 billion by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).
Coffee consumption on a global level has increased more than it ever was before owing to the growing availability of takeaway coffee joints and the rising popularity of home brewing. The rising availability of specialty coffee blends is also a factor that is projected to boost market growth. Single-serve coffee makers, espresso machines, and drip coffee makers are some of the most popular types of coffee makers that are being sold around the world. Coffee maker companies are focusing on catering to evolving consumer preferences and tastes to boost their sales. Growing focus on sustainability is pushing coffee maker manufacturers to incorporate sustainable materials in their products to attract the eco-conscious consumer base around the world. Strong coffee culture in North America and Europe makes them noteworthy regional markets for coffee maker suppliers. Rising availability of different types of coffee beans and the growing popularity of different types of coffees via social media is also slated to favor sales of coffee makers in the long run.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Specialty Coffee Shops
Fastest Growth
Specialty Coffee Shops
Growth Rate
4.7% CAGR
Global Coffee Maker Market by region
Country Share for North America(%)
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Coffee Maker Market Segmental Analysis
The global coffee maker market can be segmented based on product type, distribution channel, and region. In terms of product type, it includes drip coffee makers, single-serve coffee makers, espresso machines, and others. Distribution channels encompass online retail, brick-and-mortar stores, and specialty coffee shops. On the basis of region, the market can be divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Analysis By Type
Filter coffee machines account for more than 50% of global coffee maker sales owing to their inexpensive nature as compared to other coffee-making machines. Filter coffee machines are projected to witness higher sales in the Asia Pacific region going forward.
Demand for capsule or pod coffee machines is forecasted to increase at a robust 7% CAGR and emerge as the fastest-growing segment over the coming years. Ease of use and convenience are the two strong points of this type of coffee maker that are projected to boost their sales on a global level.
Sales of traditional espresso machines accounted for a market share of around 20% in 2022, which made them the third largest segment in the coffee maker marketplace. Rising popularity of espresso around the world has contributed to the sizeable share of this segment. These machines are much more expensive as compared to other coffee makers as they provide a superior quality blend of coffee drinks.
Analysis By Distribution Channel
In terms of distribution channel, specialty stores accounted for 35% share of the coffee maker market in 2022. The availability of a wide variety of coffee makers in specialty stores is what has allowed them to account for a dominant share of the market. Specialty stores also offer advice to customers and help them find the best coffee maker for their needs.
Around 25% of coffee makers are sold via hypermarkets and supermarkets. The convenience of one-stop shopping and the availability of different types of products to choose from allow hypermarkets and supermarkets to account for a sizeable coffee maker sales share. Moreover, the increasing availability of good discount deals in these establishments also favors coffee maker demand.
Global Coffee Maker Market by Distribution Channel
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Coffee Maker Market Regional Insights
North America held a dominant position in terms of coffee maker sales and accounted for 29.5% of the global market share in 2022. The significant market share of this region can be linked to the high consumption of coffee in the region with the United States leading coffee maker sales. Canada and Mexico are also slated to emerge as opportune markets in North America going forward. Europe held the second largest market share, accounting for 27.3% of the global coffee maker demand in 2022. The presence of an established coffee culture, the high availability of specialty coffee beans, and the rising popularity of takeaway coffee are factors that drive growth in Europe.. Germany, Italy, and France are slated to emerge as the leading markets for coffee makers in Europe.
Globalization and the rise of coffee culture make the Asia Pacific the fastest-growing market for coffee makers, with a CAGR of 7.8% across the forecast period. The growing use of coffee makers in workplaces, rising availability of different coffee beans, growing demand for home brewing, and evolving consumer preferences are key market drivers in the Asia Pacific. Japan, China, and India are key markets in this region.
Global Coffee Maker Market by geography
- Largest
- Fastest
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Coffee Maker Market Dynamics
Drivers
- Increasing Coffee Consumption: Increasing consumption of coffee in different parts of the world owing to globalization and rising awareness regarding the benefits of coffee. Growing availability of specialty coffee around the world is also a factor that is boosting coffee consumption thereby driving coffee maker sales.
- Convenience and Timesaving: Coffee makers allow coffee drinkers easy access and save time which can be crucial in modern busy lifestyles. Home or office, in modern times coffee makers have become a mainstay in both and this is what is projected to boost coffee maker sales going forward.
- Technological Advancements: Gone are the days of sitting in front of a coffee maker to wait for it to start working as smart coffee makers can now be programmed or remotely operated to start brewing. The increasing incorporation of advanced technologies in coffee makers has made them smart devices that are now projected to bolster coffee maker market growth.
Restraints
- Market Saturation: Multiple houses and businesses already own coffee makers in developed regions such as Europe and North America, which creates a challenge for coffee maker suppliers as coffee makers are a long-term investment for most people and businesses.
- Environmental Concerns: From packaging to single-use coffee pods, the coffee industry has faced challenges while abiding to the changing sustainability mandates. coffee maker companies that are not able to incorporate sustainability in their products could face roadblocks in terms of growth in the future.
- Competitive Pricing Pressure: There are multiple coffee maker brands available in the marketplace in all shapes, sizes, and forms, which has created a competitive pricing landscape. If coffee maker companies wish to compete in the market they might have to let go of their profit margins to a certain extent and this could limit market growth.
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Coffee Maker Market Competitive Landscape
From newcomers to established market players, all companies are vying to improve their sales share in the global coffee maker marketplace. Single-serve machines, drip coffee makers, and espresso machines are projected to emerge as some of the best-selling coffee maker products for most market players around the world. coffee maker manufacturers are focusing on incorporating smart connectivity, eco-friendly designs, and professional brewing features to attract new customers and boost sales in the long run. coffee maker companies can penetrate and win over the market by offering premium as well as affordable coffee makers until they get their target audience right. Rising number of cafes and growing coffee culture on a global level are also projected to create lucrative opportunities for commercial coffee makers in the future. Evolving consumer preferences and growing demand for customized brewing machines are also forecasted to offer a good growth scope for coffee maker market players going forward. However, competitive pricing is what could significantly shake up the competitive landscape of the global coffee maker marketplace.
Top Player’s Company Profiles
- Keurig Dr Pepper Inc. - USA
- Technivorm Moccamaster - Netherlands
- Illycaffè S.p.A. - Italy
- Nestlé S.A. (Nespresso) - Switzerland
- De'Longhi Group - Italy
- Bosch (Robert Bosch GmbH) - Germany
- KitchenAid (Whirlpool Corporation) - USA
- Jura Elektroapparate AG - Switzerland
- Cuisinart (Conair Corporation) - USA
- Krups (Groupe SEB) - France
- Capresso (Jura Elektroapparate AG) - Switzerland
- Melitta Group - Germany
- Breville Group Limited - Australia
- Hario Co., Ltd. - Japan
- Hamilton Beach Brands Holding Company - USA
- Philips (Koninklijke Philips N.V.) - Netherlands
- Bunn-O-Matic Corporation - USA
- Sage Appliances (Breville Group Limited) - Australia
- Smeg S.p.A. - Italy
- Zojirushi Corporation - Japan
Recent Developments
- In February 2023, De'Longhi Group, an Italian appliance manufacturer, announced the acquisition of WMF Group, a German coffee maker brand. The acquisition was valued at €1.6 billion and strengthened De’Longhi’s position in the European coffee maker market.
- Keurig Dr Pepper, in March 2023 announced that it had acquired Senseo, a Dutch coffee machine brand. Keurig expanded its reach in the European region with this acquisition which was done at €1.3 billion and the company also gained access to Senseo’s coffee pod technology as well.
- In April 2023, JDE Peet's, an American-Dutch organization, announced the acquisition of Mr. Coffee, a Canadian coffee machine brand to help expand its coffee machine product portfolio in the North American region.
Coffee Maker Key Market Trends
- Smart Coffee Makers: Smart coffee makers have not been around for long but they are catching on in the marketplace and this is why coffee maker companies are focusing on incorporating smart features into their products. Coffee makers that can connect to smartphones, do remote brewing, and work through virtual assistants are projected to be high in demand over the coming years and this is why companies should focus on integrating advanced technologies in their products.
- Sustainability and Eco-Friendly Features: The sustainability wave has also engulfed the coffee marketplace as well and this is why coffee maker companies are also making eco-friendly products. Use of recyclable materials and low energy consumption are some key features that most coffee maker market players are focusing on. coffee maker companies are also making products that can utilize reusable coffee pods, reducing the environmental impact of single-use coffee capsules.
- Premium and Specialty Coffee Makers: The increasing disposable income of people around the world has created a market for premium coffee makers and this is a key trend that will allow coffee maker companies to boost their revenue generation to the next level going forward. Individuals as well as businesses are willing to spend extra cash on premium products to get the best-tasting coffee as they use advanced brewing methods and feature precise controls. Coupled with specialty coffee beans, premium coffee makers can brew magic that is slated to boost market growth as well.
Coffee Maker Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the global coffee maker market is slated to be driven by increasing coffee consumption worldwide and a growing preference for at-home coffee brewing. Incorporation of sustainability is a key prospect that most coffee maker companies are projected to focus on going forward. Globalization and the rising number of coffee shops around the world are also slated to favor market growth. However, factors like price sensitivity and market saturation in some regions may pose challenges. North America and Europe collectively account for a sizeable coffee maker sales share and this can be linked to the established coffee culture in these regions. Smart coffee makers with advanced tech features are projected to be highly popular around the world and create a multitude of new opportunities for coffee maker companies.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 6.41 billion |
| Market size value in 2030 | USD 9.26 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coffee Maker Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coffee Maker Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coffee Maker Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coffee Maker Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coffee Maker Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coffee Maker Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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