PUBLISHER: DataM Intelligence | PRODUCT CODE: 1396703
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1396703
Global Automatic Espresso Machine Market reached US$ 4.2 billion in 2022 and is expected to reach US$ 6.06 billion by 2030, growing with a CAGR of 4.7% during the forecast period 2023-2030.
Speciality coffee beverages such as espresso are highly popular in the beverage industries. Espresso is one of the most popular types of specialty coffee because of the wide consumer preference toward its flavor and instance nature. The automatic espresso machine is used as one of the best appliances for brewing concentrated and high-quality espresso coffee gaining consumer interest.
With the increasing consumer demand for a more convenient and ready-made experience of all products, automatic espresso coffee machines are gaining immense popularity in both household and commercial sectors. The advantages provided by the automatic espresso machines improve its demand in the market, increasing sales of the product.
The increasing number of cafes and restaurants positively impacts the market growth due to the high demand for automatic espresso machines in these places to save time and fasten the product reach to the consumers with the help of automated machines, providing quick service. For instance, according to the report by National Coffee Data Trends, in U.S. there is a total of 20% increase in consumer visits and coffee consumption in coffee shops.
Coffee is used as one of the most important and essential beverage products globally. The increasing economic growth and cost of living of people is driving the trend of coffee consumption in all regions. Students and the working population widely use coffee on a daily basis to improve their concentration levels and increase alertness during the working period.
According to the International Coffee Organization report from April 2023, world coffee production reached 168.5 million bags in 2021-2022 and is expected to reach 171.3 million bags in 2022-2023. In addition, the report stated that world coffee consumption increased by 4.2 % to 175.6 million bags in 2021-2022. Espresso is one of the most widely accepted types of coffee due to its thick and more intense nature. The high demand for espresso coffee positively drives the market growth.
With the adoption of advances in lifestyle, consumers are focusing on acquiring automated and technologically advanced products in daily life. Consumers are focusing on the easy and quick ways of espresso preparation leaving the traditional ways to save time and improve the quality of life. In May 2023, Unic introduced the Tango XP Duo super-automatic espresso machine that acts as an alternative to the traditional two-group machine.
The involvement of AI and IoT improves espresso machine usage brings in the best remote monitoring and customisation and enhances the brewing experience. There are many new and innovative product launches in the field of automatic espresso machines. For instance, in October 2022, Terra Kaffe, the Brooklyn-based coffee technology brand, introduced TK-02, the next-gen smart espresso machine for ultra-customized at-home coffee, that is capable of brewing both espresso and true drip coffee.
The high cost of automatic espresso machines is one of the main restraining factors for the market. To obtain a convenient and quick coffee experience from the automatic espresso machines, manufacturers induce these machines with a lot of technological advancements to maintain the process functionality and processing of the product.
The in-built materials of the machine for the overall controlling of the required processing such as boiler, pressure stat and another automatic control system incorporated in the production of the product result in high production costs. The use of high-quality materials, such as stainless steel and brass in building the product adds to the manufacturing costs for the producer, resulting in the high cost of the product. Price-sensitive customers avoid the use of this high-cost product, hindering market growth.
The global automatic espresso machine market is segmented based on type, technology, material, capacity, price range, distribution channel, end use and region.
The global automatic espresso machine market is segmented based on type into fully automatic, super-automatic and semi-automatic. The fully automatic espresso machine accounted for the largest share of the global market due to the convenience and technical facilities provided by these types of machines. The machines are user friendly providing easy-to-learn and operate features.
Prioritizing the convenience, fully automatic espresso machines take control over all the coffee-making procedures from handling, grinding the coffee beans, tamping, brewing and milk frothing, giving a simple and greater coffee experience. With the fixed parameter control in the fully automated espresso machine, there is an advantage of stable quality control and taste. The ability to adjust and control the taste and quality of the coffee through these coffee machines improves the segment demand.
Europe dominated the global automatic espresso machine with the increased coffee consumption in this region. With the increased employment, the demand for coffee to refresh themselves has become an important necessity for the consumers of this region. According to the European Commission, 75% of the EU's adult population from 20-64 years were employed in 2022, with Germany and Switzerland leading the path.
Finland, Norway, Iceland, Denmark and the Netherlands account for the biggest coffee consumer base in the world, driving the regional market growth. According to the International Coffee Organization report from April 2023, Europe's coffee consumption rate expanded by 6.0% in 2021-2022 with a consumption of about 55.4 million coffee bags. It is estimated that in world coffee consumption, Europe accounts for up to 31.0% of the share in 2022.
The availability of advanced technology and improved smart applications in the development of automatic and convenient espresso machines is driving regional market growth. With the improved technological advances, the market players of this region are concentrating on the production of new and innovative espresso machines for end-use convenience and satisfaction.
The major global players in the market include: De'Longhi Appliances S.r.l, Breville USA¸ Koninklijke Philips N.V, Gruppo Cimbali S.p.A, Gaggia, Krups, Melitta, BSH Home Appliances Group, Ali Group S.r.l and JURA.
The outbreak of the COVID-19 pandemic had a moderate impact on the global automatic espresso machine market. The pandemic created several disruptions in the global supply chain activities of various types of products. In the automatic espresso machine market, manufacturers faced challenges in souring the required spare parts and systems from various regions of the world in the production of the product.
A few of the manufacturing units were temporarily closed causing the pause in product production. The final products were on hold and could not reach the end-user due to improper distribution channel facilities. With widespread lockdowns and restrictions on social gatherings and the closure of coffee shops, cafes and restaurants, the demand for coffee at the residential level increased.
The pandemic conditions restricted people to houses increasing home brewing and consumption, leading to increased sales of coffee beans, ground coffee, and single-serve coffee pods for home brewing. With the high demand for convenient and easy-to-use coffee machines from the consumer end, the market has increased sales in the pandemic from the e-commerce platforms.
The Russia-Ukraine war greatly impacted the automatic espresso machine market due to interrupted import and export transitions in the global market. Russia and Ukraine play important roles in the global market being one of the largest coffee importers and exporters respectively. The supply chain activities were badly impacted, causing the disruption of demand-supply chain activities and an increase in the prices of several products.
The global automatic espresso machine market report would provide approximately 93 tables, 94 figures and 234 Pages.
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