Espresso Machines Market Size, Share, Growth, and Industry Analysis, By Type (Manually and Semi-automatic, Fully-automatic), By Application (Individual and Household, Commercial), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Report Overview

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The global espresso machines market size was USD 3468.4 million in 2022. As per our research, the market is expected to reach USD 4920 million in 2028, exhibiting a CAGR of 6.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with espresso machines market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Espresso machines are specialized coffee-making devices designed to brew coffee by forcing hot pressurized water through finely-ground coffee grounds. This process extracts the flavors, oils, and aromatics from the coffee grounds, resulting in a concentrated and flavorful coffee known as espresso. Espresso serves as the base for many other coffee beverages like cappuccinos, lattes, and Americanos.

Espresso machines market is driven by increasing coffee consumption, home brewing trend, rise of café culture, technological advancements, growing disposable income, globalization of taste and awareness of health benefits. 

COVID-19 Impact: Pandemic Hampered the Demand for Market

The pandemic led to disruptions in global supply chains, affecting the production and distribution of various goods, including espresso machines. Lockdowns, travel restrictions, and factory closures in various countries could have led to delays in manufacturing and shortages of components. With lockdowns and social distancing measures in place, people spent more time at home. This shift in behavior could have led to an increased interest in home brewing, including making espresso at home. As a result, there might have been a surge in demand for home espresso machine. The closure of cafés, restaurants, and other foodservice establishments due to lockdowns and restrictions could have significantly impacted the commercial segment of the espresso machine market. Businesses in the hospitality industry might have delayed or cancelled their equipment purchases, affecting the market's revenue. The economic uncertainty caused by the pandemic might have led to cautious consumer spending, particularly on non-essential items like high-end espresso machine. Consumers might have prioritized spending on essential goods, affecting the sales of premium coffee machines.

Latest Trends

"Home Espresso Systems to Fuel Market Growth"

The market for espresso coffee machines was on the rise, with more consumers looking to replicate café-quality coffee at home. This trend was driven by the growing interest in specialty coffee and the desire for convenience. Similar to many other consumer products, espresso coffee machines were also incorporating smart and connected features. These features included smartphone app control, customization options, and even remote brewing capabilities. Consumers were becoming more conscious of the environmental impact of their purchases, and this extended to coffee machines as well. Manufacturers were exploring ways to make their machines more energy-efficient and environmentally friendly, both in terms of manufacturing processes and materials used. While traditional espresso machines were popular, pod-based systems were gaining traction due to their convenience and ease of use. These systems offered quick and mess-free coffee preparation, which appealed to busy individuals. Enthusiasts and serious coffee drinkers were investing in high-end, professional-grade espresso machine for their homes. These machines often featured advanced features, precise temperature control, and enhanced durability.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Manually and Semi-automatic, Fully-automatic.

• By Application Analysis

Based on application, the market can be divided into Individual and Household, Commercial.

Driving Factors

"Rising Coffee Culture to Drive Market Growth"

The global rise in coffee consumption and the growing preference for specialty coffee beverages such as lattes, cappuccinos, and espresso shots contributed significantly to espresso machines market growth. The increasing interest in coffee culture and gourmet coffee experiences drove consumers to seek high-quality coffee-making equipment for their homes. Espresso machine offered consumers the convenience of preparing café-style coffee beverages at home. They allowed users to customize their drinks by adjusting factors like grind size, water temperature, and brewing time, catering to individual taste preferences. The market included a range of products with varying levels of features and sophistication.

"Growing Demand for Advanced Coffee Machine among Population to Drive Market Growth "

High-end espresso coffee machines were often associated with luxury and were sought after by consumers looking to invest in premium coffee experiences at home. The shift towards remote work and the creation of home office spaces due to global events like the COVID-19 pandemic led to an increased demand for home appliances, including espresso machine. Many individuals sought ways to enhance their work-from-home environments, and having a quality espresso machine was seen as a way to improve daily routines. Espresso machines were becoming more accessible through various retail channels, including brick-and-mortar stores and online marketplaces. The ease of browsing and purchasing espresso machine online contributed to their market growth. The popularity of cooking and DIY projects contributed to interest in mastering coffee-making techniques. As a result, consumers sought espresso machine that allowed them to experiment with different brewing methods and styles.

Restraining Factors

"High Cost to Restrict Market Growth "

Espresso machines can be quite expensive, especially for high-quality and commercial-grade models. This high upfront cost can deter some potential buyers from investing in these machines. These machines require regular maintenance to ensure consistent performance and longevity. This includes cleaning, descaling, and potentially repairing or replacing components. These ongoing costs can add up over time.

Regional Insights

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"Presence of Key Players in Europe Anticipated to Drive Market Expansion "

Europe holds leading position in espresso machines market share due to its coffee culture and appreciation for high-quality coffee. Countries like Italy, the birthplace of espresso, have a strong presence in this market. Other European countries, such as France, Spain, and the Nordic countries, also have a well-established coffee culture that drives demand for espresso coffee machines.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Under DeLonghi, Jura, Philips(Saeco), La Marzocco, Nespresso, Gruppo Cimbali, Nuova Simonelli, Melitta, Ali Group (Rancilio), Illy, Bosch, Simens, Mr. Coffee (Newell Brands), Krups (Groupe SEB), Ascaso, Dalla Corte, Hamilton Beach, ECM Manufacture GmbH, La Pavoni, Sage Appliances, Profitec. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

List of Market Players Profiled

• DeLonghi
• Jura
• Philips(Saeco)
• La Marzocco
• Nespresso
• Gruppo Cimbali
• Nuova Simonelli
• Melitta
• Ali Group (Rancilio)
• Illy
• Bosch
• Simens
• Mr. Coffee (Newell Brands)
• Krups (Groupe SEB)
• Ascaso
• Dalla Corte
• Hamilton Beach
• ECM Manufacture GmbH
• La Pavoni
• Sage Appliances
• Profitec

Report Coverage

This report examines an understanding of the espresso machines market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.