Espresso Coffee Makers Market Size, Share, Growth and Industry Analysis by Type (Manually & Semi-Automatic, And, Fully-Automatic) By Application (Individual & Household, And, Commercial), Regional Forecast To 2031

Updated On: 08 April 2024

Espresso Coffee Makers Market REPORT OVERVIEW

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The Espresso Coffee Makers Market size is expected to grow USD 3256.4 Million in 2022 to USD 5859.8 Million by 2031 at a Compound Annual Growth (CAGR) of 6% from 2022 to 2031.

An espresso coffee maker is a device which helps in brewing coffee with the help of a certain mechanism. Water that is pressurized and hot almost near boiling point is forced through a puck of ground coffee along with a filter. As a result, we obtain concentrated coffee solution which is very thick. 

Drinking espresso has become a form of status or fashion aesthetic among many people and influencers. Espresso provides highly refreshing taste which attracts many customers to the market. This is considered as the latest trend in the market.

Health benefits have helped increase the customer base for espresso coffee makers. Espresso has longer shelf-life when compared to any other coffee-based beverages. These act as the factors driving the espresso coffee makers market growth.

COVID-19 impact: Decrease in Number of Visits to Cafes During Pandemic Increased Market Growth

The pandemic of COVID-19 was the prime reason for the downfall of most of the industries during the period of pandemic. This happened due to several reasons like lockdowns due to health emergencies, and, travel bans. Whereas some industries benefitted from the pandemic and lockdowns.

With strict rules imposed about maintaining social distancing norms, people preferred to stay home rather than going out. This decreased the number of customers visiting cafes, and restaurants. There was an increase in the sale of espresso machines as they helped in conveniently brewing coffee as the comfort of our own homes. This increased the market growth during pandemic,

LATEST TRENDS

"Rising Popularity of Espresso All Around the World to Increase Market Growth"

Recently the demand for espresso coffees have increased drastically. Many new type of drinks are being derived with the use of espresso. Coffee makers have blended shots of espresso with other beverages like latte, cappuccino, Frappuccino, and mocha.

Espresso helps in preserving the original taste of coffee, irrespective of the beverage it is added to. Drinking espresso has become a form of status or fashion aesthetic among many people and influencers. These are considered as the latest trends in the market boosting market growth.

Espresso Coffee Makers Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Manually & semi-automatic, and, fully-automatic. The manually and semi-automatic segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Individual & household, and, commercial. The individual and household segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"High Nutritional Value of Espresso to accelerate Market Growth"

Espresso is a thick solution of coffee which is obtained from ground coffee beans. This solution contains the original flavor as well as essence of coffee.  Thus, it also carries the heath benefits offered by caffeine. This has helped in increasing the espresso coffee maker market share. Coffee is very helpful in boosting the energy levels.

When coffee without sugar is consumed it can reduce the risk that is associated with type 2 diabetes. It plays a really important role in improving brain health. It also promotes weight loss when consumed regularly. All of these health benefits have helped increase the customer base for espresso coffee makers. They are very affordable. All of these factors are accelerating the market growth.

"Longer Shelf-life of Espresso Compared to Other Beverages to Propel Market Growth "

One of the important reasons why people prefer espresso over other beverages is that have longer shelf-life when compared to any other coffee-based beverages. The reason is that they do not have any dairy in them.  The growing preference towards espresso is increasing the demand for the coffee makers.

Investing in an espresso coffee maker is cheaper when compared to buying espresso from stores regularly. The procedure of making coffee from these machines is also considerably very easy. Creative marketing strategies adopted by key industry players is also fueling the development of market. Ready-to-drink espresso beverages are being introduced in the market. The above-mentioned factors are driving the market growth.

RESTRAINING FACTOR

"Risk of Over usage of Caffeine to Decrease Market Growth"

Contrary to the health benefits provided by caffeine, it can also create many health-related problems. Taking an overdose of caffeine can trigger cardiovascular diseases. It can result in insomnia a state where, a person is completely sleep deprived. These factors can deteriorate market growth.

The awareness about some of the ill effects of coffee has increased among people. This has resulted in a decrease in demand for coffee. Apart from this, espresso coffee makers are very messy. Leakage can be seen from these machines. maintaining them can be a major challenge. These factors can hamper the growth of market.

Espresso Coffee Makers Market Regional Insights

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"Europe to Dominate the Market in Upcoming Years"

Europe has emerged out as the top market share holder in espresso coffee makers market. High growth rates have been witnessed in the Europe region during the forecast period. This development can be attributed to the large number of coffee consumers present in this region.

Another important reason is the increasing number of cafes and coffee shops in this region. Increasing income sources, changing lifestyle of people, growing standards of living have also offered for the growth of the market. Marketing strategies adopted by manufacturers have provided many lucrative growth opportunities for espresso coffee makers in Europe. 

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• DeLonghi (Italy)
• Jura (Switzerland)
• Philips (Saeco) (Netherlands)
• Melitta (Germany)
• La Marzocco (Italy)
• Nespresso (Switzerland)
• Ali Group (Rancilio) (Italy)
• Gruppo Cimbali (Italy)
• Nuova Simonelli (Italy)
• Panasonic (Japan)
• Illy (Italy)
• Bosch (Germany)
• Mr. Coffee (U.S.)
• Simens (Germany)
• Hamilton Beach (U.S.)
• Krups (Groupe SEB)
• Dalla Corte (Italy)
• La Pavoni (Italy)
• Breville (Autralia)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.