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Pharmacy benefit management market
MANUAL AND AUTOMATIC COFFEE MACHINES MARKET REPORT OVERVIEW
global manual and automatic coffee machines market size was USD 2.16 billion in 2023 & market is projected to touch USD 6.31 billion by 2032 at CAGR 12.65% during the forecast period.
The manual and automatic coffee machines market consists of products that use different methods and mechanisms to brew coffee, such as drip, percolator, French press, espresso, or pod. The market is driven by the rising demand for coffee and its variants, the expansion of the hospitality and foodservice industry, and the increasing popularity of smart coffee machines. The market faces some challenges, such as the high cost of the automatic coffee machines, the environmental concerns over the disposal of coffee pods and capsules, and the competition from the instant coffee and ready-to-drink coffee segments.
However, the market also offers some opportunities, such as the innovation and development of new products and technologies, the growing preference for specialty and premium coffee, and the emergence of new markets and regions. The market is expected to witness the highest growth rate in the Asia-Pacific region, due to the increasing disposable income and urbanization, the growing presence and expansion of the global and local coffee chains and brands, and the increasing innovation and development of new products and technologies. The market is also influenced by the COVID-19 pandemic, which has disrupted the supply chain, production activities, and consumer demand.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has had a significant impact on the Manual and automatic coffee machines market share as it disrupted the supply chains, production activities, and consumer demand. The lockdowns, travel bans, and business closures imposed by various governments to contain the virus have affected the coffee industry in several ways. The closure of cafes, restaurants, hotels, and offices reduced the demand for coffee machines, especially in the commercial segment. Many consumers also shifted to home-brewed coffee or instant coffee, as they avoided going out or ordering online. The disruption of the supply chains affected the availability of raw materials, components, and finished products. The coffee machines market relies on imports and exports of coffee beans, metals, plastics, and electronic parts from different countries. The pandemic hampered the transportation and logistics of these goods, leading to shortages, delays, and increased costs. The production of coffee machines was also affected by the pandemic, as many factories had to shut down or operate at reduced capacity due to the health and safety measures. The lack of workers, equipment, and materials also lowered the output and quality of the products. The pandemic also affected the innovation and development of new products, as many companies had to cut down on their research and development (R&D) spending and postpone their launches. The uncertainty and volatility of the market also made it difficult for the companies to plan and invest in new technologies and features.
LATEST TRENDS
"Increasing Popularity of Smart Coffee Machines to Drive Market Growth"
One of the recent trends in the coffee machines market is the increasing popularity of smart coffee machines, which are integrated with Wi-Fi, Bluetooth, voice assistance, and other features that allow the users to control and customize their coffee making process through their smartphones or other devices. They offer convenience and flexibility, as the users can remotely start, stop, or adjust the brewing settings, schedule the brewing time, and monitor the water level and temperature. They can also order coffee pods or beans online, track their consumption, and get maintenance alerts through the app. They provide personalization and variety, as the users can choose from different types of coffee, such as espresso, cappuccino, latte, or mocha, and adjust the strength, volume, and temperature according to their preferences. They can also create and save their own recipes, or access a library of coffeehouse recipes from the app. They enhance the user experience and satisfaction, as the users can interact with the machine through voice commands, touch screens, or gestures, and get feedback and suggestions from the machine. They can also connect the machine to other smart devices, such as speakers, lights, or thermostats, and create a smart home ecosystem.
MANUAL AND AUTOMATIC COFFEE MACHINES MARKET SEGMENTATION
- By Type
Based on type the global market can be categorized into rip coffee machine, steam coffee machine, capsule coffee machine, and others.
The drip coffee machine is the most common and popular type of coffee machine, which uses a filter and a water tank to brew coffee by dripping hot water over the ground coffee beans. The steam coffee machine is a type of espresso machine, which uses steam pressure to force hot water through the finely ground coffee beans, creating a strong and concentrated coffee. The capsule coffee machine is a type of pod machine, which uses pre-packaged and single-serve capsules or pods that contain ground coffee, milk, and other ingredients, to brew coffee by piercing the capsule and injecting hot water into it. The others category includes other types of coffee machines, such as percolator, French press, moka pot, and cold brew coffee machine, which use different methods and mechanisms to brew coffee.
- By Application
Based on application the global market can be categorized into commercial, office, and household.
The commercial segment includes the coffee machines that are used in the hospitality and foodservice industry, such as cafes, restaurants, hotels, and catering services, to provide coffee as a part of their menu or service. The office segment includes the coffee machines that are used in the workplaces, such as offices, factories, and schools, to provide coffee as a perk or benefit for the employees and staff. The household segment includes the coffee machines that are used in the residential settings, such as homes and apartments, to provide coffee as a personal or family beverage.
DRIVING FACTORS
"Rising Demand for Coffee and its Variants to Boost the Market"
There is a rising demand for coffee and its variants, such as espresso, latte, cappuccino, and mocha, among the consumers, especially the young and urban population. Coffee is considered as a popular beverage that offers various benefits, such as stimulating the brain, boosting the metabolism, and reducing the risk of certain diseases. The consumers are also becoming more aware and conscious of the quality, origin, and flavor of the coffee they drink, and are willing to pay more for premium and specialty coffee.
"Expansion of the Hospitality and Foodservice Industry to Expand the Market"
There has been an expansion of the hospitality and foodservice industry, such as cafes, restaurants, hotels, and offices, which offer coffee as a part of their menu or service. The coffee machines market is largely driven by the commercial segment, as these establishments require high-quality, efficient, and consistent coffee machines to cater to the needs and expectations of their customers and employees. The coffee machines also help them to save time, labor, and cost, and increase their profitability and customer loyalty.
RESTRAINING FACTORS
"High Cost to Potentially Impede Market Growth"
One of the factors that is restraining the growth of the coffee machines market is the high cost of the automatic coffee machines, which are more advanced, convenient, and versatile than the manual ones. The automatic coffee machines are equipped with various features, such as pre-infusion, pre-grinding, milk frothing, self-cleaning, and smart connectivity, which make them more expensive than the manual ones. The high cost of the automatic coffee machines may deter some consumers, especially in the residential segment, from purchasing them, and make them opt for cheaper alternatives, such as instant coffee, filter coffee, or manual coffee machines.
MANUAL AND AUTOMATIC COFFEE MACHINES MARKET REGIONAL INSIGHTS
"Asia Pacific to Dominate the Market Owing to the Increasing Disposable Income "
Asia Pacific is expected to be the highest Manual and automatic coffee machines market growth. There is an increasing disposable income and urbanization of the population in the region, which enable them to afford and access coffee machines and coffee products. The consumers in the region are also becoming more exposed and influenced by the western culture and lifestyle, and are adopting coffee as a part of their daily routine and social activity.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The Manual and automatic coffee machines market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
LIST OF TOP MANUAL AND AUTOMATIC COFFEE MACHINES COMPANIES
- La Cimbali (Italy)
- Hamilton Beach (U.S.)
- Panasonic (Japan)
- Electrolux (Sweden)
- Illy (Italy)
- Jura (Switzerland)
- Krups (Germany)
- Melitta (Germany)
- Schaerer (Switzerland)
- Nestlé Nespresso (Switzerland)
- Tsann Kuen (Taiwan)
- Keurig Green Mountain (U.S.)
- Delonghi (Italy)
- Zojirushi (Japan)
- Bear (China)
- Morphy Richards (U.K.)
- Jarden (U.S.)
- Bosch (Germany)
- Philips (Netherlands)
INDUSTRIAL DEVELOPMENT
September 2022: is the Cup4You app, which was launched in September 2022 by Gruppo Cimbali, a leading Italian manufacturer of professional coffee machines. The Cup4You app is a mobile application that allows the users to create custom beverages and send them wirelessly to the coffee machine to create the desired coffee. It is compatible with the S20 and S30 super-automatic machines, which are designed for medium and high-volume locations, such as cafes, restaurants, hotels, and offices. The app can connect to multiple machines at the same time, and can store up to 20 different beverages per machine.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2.16 Billion in 2023 |
Market Size Value By |
US$ 6.31 Billion by 2032 |
Growth Rate |
CAGR of 12.65% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the Manual and automatic coffee machines market expected to touch by 2032?
The global Manual and automatic coffee machines market is expected to reach USD 6.31 billion by 2032.
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What CAGR is the Manual and automatic coffee machines market expected to exhibit by 2032?
The Manual and automatic coffee machines market is expected to exhibit a CAGR of 12.65% by 2032.
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Which are the driving factors of the Manual and automatic coffee machines market?
Rising demand for coffee and its variants and expansion of the hospitality and foodservice industry are some of the driving factors of the Manual and automatic coffee machines market.
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What are the key Manual and automatic coffee machines market segments?
The key Manual and automatic coffee machines market segmentation that you should be aware of, which include, Based on type the Manual and automatic coffee machines market is classified as rip coffee machine, steam coffee machine, capsule coffee machine, and others. Based on application the Manual and automatic coffee machines market is classified as commercial, office, and household.