Global Coffee Maker Market to Signify Strong Growth by 2022-2028

The global Coffee Maker market is anticipated to grow at a CAGR of 4.3 % during the forecast period (2022-2028). The coffee maker is also known as a coffee machine is a kitchen appliance that is used to brew coffee. Coffee machines are offered in both types including handheld manual coffee machines, and automatic coffee machines. The major factor attributing to the growth of the global coffee maker market is the increasing sale of coffee makers for residential use due to increasing adjusted net national income per capita across the globe resulting in increased purchasing power. According to the World Bank Data statistics, the adjusted net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Thus, increasing the demand for coffee makers.

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The commercial use of coffee makers is also increasing in restaurants & hotels due to the increasing number of restaurants & hotels across the globe. According to an article published by the National Restaurant Association in 2021, the estimated size of the global restaurant industry is around $799 billion in 2021 and giving employment to around 14.5 million people. Furthermore, According to an article published by Condor Ferries Ltd. in 2021, there are more than 7,00,000 hotels & resorts accounting for 16.4 million hotel rooms across the globe. The size of the global hotel industry is around $570 billion. Among these, China is the country with the most number of hotels with around 4,169 hotels. London & Dubai are the cities with the major number of 5-star hotels in the world. Thus, propelling the growth of the global coffee maker market during the forecast period.

Some major players in the market include Panasonic Corp., Electrolux, Nestle Nespresso SA, Jarden LLC, and De'Longhi Appliances S.r.l., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, according to an article published by NBC News in April 2022, the best coffee makers in 2022 include Breville Precision Brewer, Bonavita connoisseur Thermal coffee brewer, Cuisinart Pure Precision Pour-Over Coffee maker, and others. Others include Technivorm Moccamaster KBTS and OXO 9-Cup Coffee Maker.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Product
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Panasonic Corp., Electrolux, Nestle Nespresso SA, Jarden LLC, De'Longhi Appliances S.r.l., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Coffee Maker Market Report by Segment

By Type

Manual Coffee Maker
Automatic Coffee Maker

By Product

Filter Coffee Machine
Capsule or Pod Coffee Machine
Traditional Espresso Machines
Beanmn-to-cup Coffee Machine

By Application

Residential
Commercial

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This release was published on openPR.