What is the Global market size of the Fully-Automated Coffee Machine Market?

Global Fully-Automated Coffee Machine Market size was valued at USD 4.22 billion in 2021 and is poised to grow from USD 4.4 billion in 2022 to USD 6.2 billion by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).

Global Fully-Automated Coffee Machine Market Size, Share, Growth Analysis, By Product Type(Built-In Fully Automatic Coffee Machines, Contactless & Low Contact Fully Automatic Coffee Machines), By End-Use(Hotels, Full-Service Restaurants), By Price Range(0 To € 2, 000) - Industry Forecast 2024-2031

Report ID: SQMIG25AF2004 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 107 | Figures: 76

Global Fully-Automated Coffee Machine Market News

In June 2022, Morning, a Singapore-based Coffee Machine manufacturer, has announced a USD 5 million Series A funding round. East Ventures, a Southeast Asian firm, was in charge of this. The investment in 2020 was followed by a USD 177,000 Kickstarter campaign valuation. This investment put the morning machine on the map around the world.
In May 2022, WMF Professional Coffee Machines has added the WMF 950 S product line to its portfolio. This newly developed machine is fully automatic and equipped with advanced professional technology. The company primarily sells high-quality coffee machines designed to brew small amounts of coffee.

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Fully-Automated Coffee Machine Market size was valued at USD 4.22 billion in 2019 and is poised to grow from USD 4.4 billion in 2023 to USD 6.2 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

The global fully-automated coffee machine market has a fairly consolidated competitive landscape, with the majority of key players focusing on product quality, product variety, eco-friendly product launches, and market expansion. Competition within the automatic coffee machines market has been increasing with time. As a result, market participants are focusing on product launches with advanced features as well as expansion strategies. 'Keurig Dr Pepper Inc.', 'Nestlé S.A.', 'Jura Elektroapparate AG', 'Koninklijke Philips N.V.', 'De'Longhi S.p.A.', 'Breville Group Limited', 'WMF Group GmbH', 'Schaerer AG', 'Franke Holding AG', 'Gruppo Cimbali S.p.A.', 'Thermoplan AG', 'Melitta Group', 'Siemens AG', 'La Marzocco International LLC', 'Bravilor Bonamat B.V.', 'Rex-Royal AG', 'Egro S.p.A.', 'Nuova Simonelli S.p.A.', 'Carimali S.p.A.', 'Rancilio Group S.p.A.'

Increasing integration of smart technology in domestic electronic appliances is expected to be a recurring trend throughout the forecast period. Automatic coffee machines are recognized as one of the most important pieces of equipment in today's modern kitchen. Bluetooth and Wi-Fi connectivity are gaining popularity as users can operate automatic coffee machines via smartphones and provide instructions from anywhere within the house's connectivity range. Users may receive notifications and reminders via mobile apps for water refilling, water filter disc replacement, and the volume of milk, water, or coffee beans in the machine. Furthermore, the new feature of multiple brewing, i.e., the ability to make two cups of coffee at the same time, is highly likely to attract a large customer base. Thus, increased flexibility in operating automatic coffee machines via smartphone communication is expected to drive the fully-automated coffee machine market during the forecast period.

People prefer to drink coffee, espresso, and other similar beverages at a café or restaurant on special occasions or when meeting up with friends or colleagues. This has resulted in an increase in the number of small and large cafes that serve ready-to-drink coffee. These factors are fueling global demand for fully automatic coffee machines.

The global fully-automated coffee machine market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Europe region is expected to account for the largest market. According to the International Coffee Organization, Europeans consumed 242 million kilograms of coffee between June 2020 and June 2021. When the United Kingdom (21.8 million kgs) and Switzerland (9.3 million kgs) are factored in, a staggering total of 273 million kgs of coffee were consumed. Growing European interest in specialty coffees, both Arabica and Robusta, means more opportunities in the European market. These opportunities are especially appealing to exporters who can consistently supply high-quality coffees that meet the Q Arabica (Specialty Grade) and Q Robusta (Fine Robusta Grade) standards.

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Global Fully-Automated Coffee Machine Market News

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