The Coffee Machines Market was valued at US$ 15,340.75 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. A coffee machine is a device that is used to brew coffee. While there are many types of coffeemakers that use various brewing methods, the most popular devices use a paper or metal filter within a funnel that is put over a glass or ceramic coffee pot, which is a kettle-style cooking pot.

Coffee machines are available in various sizes and shapes as well as in different type of models which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. This has played an important role in increasing its demand. In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel coffee machines market growth.

Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, pod & capsule coffee machines, and others. The filter coffee machine segment held the largest share in the global coffee machines market in 2020. The filter coffee machine has components such as filter and cone, and are reusable. This has played an important role in increasing its demand. In addition, manufacturers are introducing filter coffees machine with advanced technological features, which is also likely to propel segment growth.

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Asia Pacific held the largest revenue share of the global coffee machines market. The rising number of cafes and coffee shops, particularly in emerging countries, will drive the demand growth. Major cafe chains, such as Costa Coffee and Starbucks, are investing in the region owing to high growth potential, which is likely to support market growth. Moreover, manufacturers are investing in R&D to introduce advanced machines featuring the latest technologies. For instance, in 2018, Nestlé Nespresso S.A. invested USD 43.03 million in the creation of new production lines of its coffee system, Vertuo. In 2018, Dualit Ltd. introduced a new CaféPro Capsule Machine.

Some of the major key players operating in the global coffee machines industry includes Keurig Green Mountain, Inc. Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.P.A.; Koninklijke Philips N.V; Krups Gmbh; Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.P.A. The major players in the coffee machines industry are focusing on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.

The coffee machines market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Europe accounted for the largest share in the global coffee machines market. Demand for advanced coffee machines in the residential sector is boosting the growth of the coffee machines market. Presence of several major manufacturers in the region have also contributed to this growth. Furthermore, rapidly growing corporate sector will fuel the demand further. Demand for specialty coffee induced with different flavors is driving the growth of coffee machines in the residential segment.

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