Espresso machines are operated manually; these are semi-automatic or fully automated coffee dispensing devices. Appliances used for brewing coffee are espresso coffee machines. The espresso coffee machines work on various processes of brewing coffee. The most popular method is when coffee machines use coffee grounds, which are stored within the pipe in a metal strainer. Espresso machines, therefore, saves time and have a clear effect on the coffee taste. Espresso machines are basically used in house, offices, and commercial units. The rising number of corporate offices fitted with kitchenettes is increasing coffee machine sales across the globe. Furthermore, the growing number of private label manufacturers are selling their machines are cheaper prices than existing brands, which is anticipated to restrict the growth of the global market for espresso machines across the globe.
Demand for electric appliances used in household and commercials is rising exponentially, which in turn is expected to drive the global espresso machine market
The exponential growth of espresso machine globally can be due to increasing consumption of coffee and increased demand for different types of specialized coffee
The expansion of residential and commercial sectors in developed and developing economic countries is expected to drive the global market for espresso machines
Some of the major factors responsible for increasing demand for espresso machines globally are ease of use and reliable brewing performance
Moreover, the food service industry’s growth rate is projected to have a positive impact on business expansion during the coming years
Manufacturers are manufacturing more technological products, which can boost the demand for espresso machine market globally in the coming years
Significantly, the demand for automatic espresso machine is increasing rapidly
Currently, smart espresso machines connecting Bluetooth and Wi-Fi have absorbed the global market for espresso coffee machines. Moreover, there are other smart espresso machines, which are can be operated through smart phones from anywhere within the house. Moreover, users can give commands to it.
However, the growing number of manufacturers of private label espresso machines is likely to hamper the growth of the market
The major restraining factor is the high maintenance cost, which can basically hamper the growth of the global espresso machine market
Growing trend for espresso machines, safety measures, rising disposable income, user comfort, and increasing youth population and working class are driving the demand for espresso machines
As the demand for espresso culture is growing in developing countries, more coffee shops and capsule systems are expanding
The global espresso machine market can be segmented based on technology, application, distribution channel, and region
Based on technology, the global espresso machine market can be classified into manually, semi-automated machine, fully automated machine, and super automated machine. Among these, the fully automated machines are witnessing high demand.
In terms of application, the global espresso machine market can be bifurcated into residential and commercial
In terms of distribution channel, the global espresso machine market can be segregated into online and offline. Offline channel can be sub-divided into specialty or brands stores, and supermarket stores. Online distribution channel is again sub segmented into company-owned website and e-Commerce sites.
Based on region, the global espresso machine market can be classified into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, North America is segmented into countries such as the U.S., Canada, and Rest of North America. Europe region is divided into Germany, France, Italy, the U.K., and Rest of Europe. Middle East & Africa region is segmented into GCC Countries, South Africa, and Rest of Middle East & Africa. Asia Pacific is segmented into China, India, Japan, and Rest of Asia Pacific. South America is segmented into Brazil and Rest of South America.
Key players operating in the global espresso machine market include Behmor, Inc., Panasonic Corporation, Koninklijke Philips N.V., Keurig Green Mountain, Inc., Newell Brands, Morphy Richards, Hamilton Beach Brands, Inc., Nestlé, Auroma Brewing Company, Electrolux AB, FANSTEL CORP, Zojirushi America Corporation, Schaerer Ltd, Melitta, Schaerer Ltd, and Luigi Lavazza S.p.A.