Commercial Coffee Machine Market Report 2024 (Global Edition)

According to Cognitive Market Research, the global Commercial Coffee Machines market will be USD XX billion in 2023 and expand at a compound annual growth rate (CAGR) of 4.00% from 2023 to 2030. The growing popularity of coffee worldwide, rise in global café culture trend, increase in need for commercial coffee machines in office spaces, rise in hospitality sector, expansion of Quick-Service Restaurants (QSRs) and Fast Food Chains, rise in demand for customization and automation features, growing focus on sustainability, increased demand for eco-friendly, ongoing advancements in coffee machine technology, expanding coffee culture in regions, growing trend of home coffee brewing, replacements of older machines with newer and adoption of healthier coffee options are the major factors driving the growth of the market.

• For instance, in February 2022, Nestle Nespresso S.A. and social impact start-up OpenSC joined and launched a new technology that would help rise transparency in the supply of the Kahawa Ya Kongo coffee.

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How did COVID–19 Impact the Commercial Coffee Machines Market?

The restrictions in the food service industry led to a decline in demand for commercial coffee machines as cafes, restaurants, and hotels temporarily closed or scaled back operations. The market witnessed a dip in sales and revenue, impacting manufacturers and suppliers. However, with the gradual easing of restrictions and the growing trend of takeout and delivery services, the market began to recover, especially in regions where vaccination efforts were successful. Adaptation to changing consumer preferences, such as touchless and automated brewing solutions, played a role in the market's resilience.

MARKET DYNAMICS: KEY DRIVERS

Rise in the Amount of Coffee Intake to Provide Viable Market Output

The rise in the amount of coffee intake in the Commercial Coffee Machines market reflects growth due to changing consumer preferences and lifestyles. Coffee has become an integral part of daily routines for many individuals, providing a quick and convenient energy boost. The growing popularity of specialty coffee drinks, such as lattes and cappuccinos, has also increased coffee consumption. Additionally, the proliferation of coffee shops and cafes worldwide has made coffee more accessible and appealing to a broader audience. As a result, businesses and commercial establishments are investing in high-quality coffee machines to meet the surging demand, propelling the growth of the global commercial coffee machine market.

• According to the National Coffee Association (NCA), in the U.S., over 62.0% of the total population consumes coffee every day.

Growing Innovation in the Design of Machines to Propel Market Growth

The growth of innovation in the design of machines has significantly impacted the Commercial Coffee Machines market. Manufacturers are continuously pushing the boundaries of design to enhance user experience, increase efficiency, and cater to evolving consumer preferences. Innovations include sleeker and more compact machines that save space, advanced touchscreen interfaces for user-friendly operation, improved energy efficiency, and customizable options for brewing techniques. These innovations not only attract coffee shop owners seeking to differentiate their offerings but also meet the demands of an increasingly discerning and diverse coffee-loving customer base. As a result, the evolution of coffee machine design is a key factor propelling growth in the global commercial coffee machine market.

• For instance, in April 2020, 7-Eleven Inc. launched a new beverage dispenser machine with various touchscreen features that allow users to select the quantity, temperature, and intensity of coffee while brewing each cup.

MARKET DYNAMICS: KEY RESTRAINTS

High Maintenance and Repair Costs to Restrict Market Growth

The high maintenance and repair costs constrain the growth of the market. Regular maintenance and repairs are mandatory to ensure the consistent performance and longevity of these machines, and the expenses involved can strain the budgets of businesses, particularly small coffee shops and cafes. These costs encompass servicing, parts replacement, and skilled technician fees, posing a financial burden that hampers profitability and scalability. Consequently, businesses must carefully manage and budget for these ongoing expenses to sustain their coffee machine operations efficiently.

How are Segments Performing in the Global Commercial Coffee Machines Market?

Type Segment Analysis

According to Cognitive Market Research, drip coffee machines held the major market share over the forecast period due to their ease of use and consistency. They operate by dripping hot water over ground coffee beans, allowing the brewed coffee to pass through a filter and into a container. Drip coffee machines are prized for their convenience, making them a preferred choice in office spaces, hotels, and restaurants. They are known for producing large quantities of coffee efficiently, making them ideal for high-demand situations.

Steam coffee machine is the fastest-growing category over the forecast period. These machines are often used in specialty coffee shops and offer greater control over the brewing process, allowing baristas to extract unique flavors from coffee beans. Steam coffee machines are favored for their ability to create espresso and espresso-based drinks like cappuccinos and lattes.

Application Segment Analysis

According to Cognitive Market Research, hospitality holds a prominent market share of the Commercial Coffee Machine market. These businesses rely on high-performance coffee equipment to meet the diverse demands of their customers. The machines used in this sector often feature advanced brewing technologies, multiple group heads, and high-capacity bean hoppers to serve many coffee enthusiasts efficiently. Customization and branding options are also essential for many establishments in this category to maintain their unique coffee offerings.

The offices are the fastest-growing category over the forecast period. Offices across the globe are increasingly investing in commercial coffee machines to provide their workforce with premium coffee options. These machines are often compact, user-friendly, and capable of creating a variety of coffee beverages, including espresso, cappuccino, and more. They are designed to meet the specific needs of an office environment, which typically entails moderate to high daily consumption and the need for minimal maintenance.

Which Region Dominates the Market in 2023, and Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 41% of the global revenue, owing to the region's thriving coffee culture and the proliferation of coffee shops. The United States and Canada are prominent contributors to the market's expansion, with a preference for specialty coffee beverages and a growing demand for efficient and innovative coffee machines. Furthermore, sustainability trends, such as eco-friendly coffee machines, are gaining momentum in this region. North America's commercial coffee machine market is expected to continue its upward trajectory, driven by evolving consumer preferences and the pursuit of quality coffee experiences.

Europe is the fastest-growing category due to the region's strong coffee culture and increasing demand for high-quality coffee beverages. The growing preference for specialty and gourmet coffee, coupled with expanding coffee shop chains, has boosted the market's prospects. Moreover, the rising trend of coffee consumption in workplaces and the hospitality sector has further contributed to market expansion. Technological advancements, including smart coffee machines and eco-friendly solutions, are also gaining traction in this region. As a result, Europe continues to be a significant and evolving market for commercial coffee machines.

COMPETITIVE LANDSCAPE: COMMERCIAL COFFEE MACHINES MARKET

The major players continuously innovate to offer advanced coffee machines with features like customization, smart technology, and eco-friendliness. Rising coffee consumption trends and the expanding cafe culture worldwide drive market growth.

• September 2022: Keurig Dr. Pepper announced the K-Café SMART, the newest brewer in Keurig's connected line. It allows consumers to make delicious coffeehouse drinks right from home within 3 minutes. A spread Keurig mobile app joins it with 70 exclusive coffeehouse recipes from which people can choose to brew their desired drink.

Some Prominent Players in the Global Commercial Coffee Machines market include:

• Schaerer
• De'Longhi
• Caffeine
• Franke
• WMF
• Jura
• Lavazza
• Electrolux
• Melitta
• Morphy Richards
• Philips
• Hamilton Beach
• Illy
• Bosch
• Tsann Kuen
• Krups
• Keurig Green Mountain
• Panasonic
• Nestle Nespresso
• Jarden

Market Summary:

• The global commercial coffee machines market will expand significantly by 4.00% CAGR between 2023 and 2030.
• The demand for commercial coffee machines is rising due to the demand for customization and automation features.
• Demand for drip coffee machines remains higher in the commercial coffee machines market.
• The hospitality category held the highest commercial coffee machines market revenue share in 2023.
• North American commercial coffee machines will continue to lead, whereas the European Commercial Coffee Machines market will experience the most substantial growth until 2030.

SEGMENTATION: Commercial Coffee Machines Market

Type Outlook:

• Drip Coffee Machine
• Steam Coffee Machine
• Capsule Coffee Machine
• Others

Application Outlook:

• Hospitality,
• Offices
• Others

Frequently asked questions regarding the global Commercial Coffee Machines market.

1. What is the market size for the Commercial Coffee Machines market in 2023?

Answer- The global market size for Commercial Coffee Machines in 2023 was XX USD billion.

2. What is the growth rate for the Commercial Coffee Machines market over the forecast period?

Answer- The global Commercial Coffee Machines market is expected to grow with a CAGR of 4.00% over the projected period.

3. Which is the leading region of the market for Commercial Coffee Machines?

Answer- North America held a significant global Commercial Coffee Machines market revenue share in 2023.

4. Which region is projected to detect the fastest growth in the Commercial Coffee Machines market over the forecast period?

Answer- Europe will witness the fastest growth of the global Commercial Coffee Machines market over the coming years.

5. Which country is leading in the Commercial Coffee Machines market in 2023?

Answer- The United States had the most significant global Commercial Coffee Machines market revenue share in 2023.

6. What are the key drivers for the growth of the Commercial Coffee Machines market?

Answer- The main drivers of the growth of the Commercial Coffee Machines market are the increase in the need for commercial coffee machines in office spaces, the rise in the hospitality sector, and the expansion of Quick-Service Restaurants (QSRs) and Fast Food Chains.

7. Which is the significant Commercial Coffee Machines market segment by type?

Answer- The drip coffee machine segment had the largest share in the global Commercial Coffee Machines market by type.

8. Which is the significant segment in the Commercial Coffee Machines market by application?

Answer- In 2023, the hospitality segment had a significant revenue share in the global Commercial Coffee Machines market in terms of application.