Coffee Machine Market is set to Garner Staggering Revenues by 2027 - Fact.MR Stu

Posted by Ajay Kumar on January 21st, 2020

Global coffee machine sales are likely to reach 58,675 thousand units in 2019, growing at over 4% over 2018, according to a Fact.MR study. As coffee machines gain prominence in traditional as well as non-traditional coffee drinking markets, the growth trajectory of the market will witness a steady rise. The evolving demand trends in the coffee machine market can be attributed to,

-        Dissemination of knowledge regarding coffee varieties and coffee making processes among consumers

-        Growing palate for specialty beverages including coffee

-        Intelligent innovations by coffee machine industry titans

-        Mushrooming of F&B and coffee shop chains

Fact.MR study finds that drip coffee machines will account for nearly 43% of the total coffee machine sales in 2019. Easy operation, simple design, and quality brewing are the key factors responsible for the significant demand for drip coffee machines. Fact.MR also finds that a good price point of drip coffee machine is another reason that maintains the machine’s popularity.

While drip and steam coffee machines continue to be lucrative, sales of capsule-based coffee machines are expected to increase over 5% in 2019 against the backdrop of increasing preference for specialty coffee varieties among consumers.

Semi-Automatic Technology Remains Highly Preferred, Sales of Automatic Machines Increasing Rapidly

Semi-automatic coffee machines will continue to find favor in the future on the back of advantages of human control, affordable price and many other multimodal factors. The study finds that semi-automatic coffee machine sales will surpass 27,000 thousand units in 2019. On the other hand, sales of automatic coffee machines are rising rapidly as consumer preference for convenience, speed, quality and brand image continues to evolve.

In the automatic coffee machine marketplace, disruptive innovations are being introduced that cover consumer sentiments for taste as well as convenience. Single unit and one touch for a cup of coffee, options of personalization and features of convenience in the form of mobile application-based control are few of the intelligent innovations recently introduced in the market.

Fact.MR says that cafes will continue to register higher sales of coffee machines for an evident reason of being an indispensable unit in cafes as compared to other F&B stores. According to the valuation, 3 in 10 coffee machines were sold to cafes in 2018 and the status quo will continue in 2019. Restaurant will report the second largest sales of coffee machines.