Coffee Maker Market Size, Share, Growth Analysis, By Type(Drip Coffee Makers, Single-Serve Coffee Makers), By Distribution Channel(Online Retail, Brick-and-Mortar Stores) - Industry Forecast 2024-2031

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).

From newcomers to established market players, all companies are vying to improve their sales share in the 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 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 coffee maker marketplace. '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'

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.

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.

North America held a dominant position in terms of coffee maker sales and accounted for 29.5% of the 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 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.