Press Release Description
A USD 421.3 Million Global Smart Coffee Maker Market to Register a CAGR of Around 8.67% During 2025-30
The Global Smart Coffee Maker Market size was valued at around USD 421.3 million in 2023 and is projected to reach around USD 1,771 million by 2030. Along with this, the market is anticipated to grow at a CAGR of around 8.67% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in their recent research report. This is due to the rising demand for smart home appliances. People nowadays have busy schedules requiring appliances to save time and effort. As these smart coffee makers can be operated via smartphones or voice assistants, they can make the coffee even before stepping into the kitchen. That’s why these machines are best fit for their convenience.
Additionally, the expansion of hotels and restaurants increases the demand for these smart coffee makers. This is because they want to provide the best experience to their customers to increase regular footfall. It also helps them to differentiate from their competitors. Moreover, manufacturers are now focusing on developing eco-friendly machines for environmental safety. This also meets the consumers’ demand who need eco-friendly and energy-efficient machines. They also use recyclable materials in their machines as much as possible to reduce environmental damage. Thus, new sustainable & eco-friendly products are gaining popularity, ultimately augmenting the size & volume of the industry.
Despite these factors, some challenges can affect the market growth. One of the main challenges is the high price of these smart coffee makers and the competition in the market. Due to added features and advanced connectivity, these machines get an increment in their prices. The applications used to control the machines from anywhere require regular research and updates which further affect the prices. The increasing number of manufacturers coupled with the above factors are making the market competitive, further states the research report, “Global Smart Coffee Maker Market Analysis, 2025”.
Segmentation Analysis
Espresso Product Type Holds a Major Market Share
Based on the product type, the market is further bifurcated into, Bean-to-Cup, Espresso, Drip Filter, and Pod or Capsule. The espresso segment currently leads the market for smart coffee makers worldwide. The reason behind this is the strong and intense flavor profile of Espresso, making it most popular among regular coffee drinkers. Additionally, smarter versions of coffee makers provide features like automated brewing and personalized settings making them more popular. Furthermore, the high demand for strong and premium quality coffee pushes this segment more towards the market’s growth. Moreover, these machines are available in various types such as semi-automatic or fully automatic, depending on the customer’s preference, i.e., whether they want a manual brewing setting for personalized coffee, or they want a fully automatic machine to save time.
North America Leads the Smart Coffee Maker Industry
Regionally, North America holds the largest market share and is anticipated to witness the highest revenue growth in the coming years, with the United States and Canada as the most prominent contributors. This is due to a mixture of technological innovations, consumer preferences, and market dynamics in this region. This region is most developed in terms of technological advancements and innovations thus creating a promising environment for the expansion of the smart coffee maker market. Also, this region is a hub for tech companies and research institutions, which further boosts the market as these sectors invest in smart appliances such as smart coffee makers to save time.
Moreover, as per surveys, consumers in this region are highly inclined toward smart home appliances, hence increasing the demand for smart coffee makers. Due to these reasons, North America is leading the industry and is projected to maintain its position during the forecast period as well.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Behmor, Inc., Keurig Green Mountain, Inc., Hamilton Beach Brands, Inc., Nestlé SA, JURA Elektroapparate AG, DeLonghi Group, Mr. Coffee, Nuova Simonelli.it, Koninklijke Philips N.V., Gourmia, Melitta Europa GmbH, Zojirushi Corporation, Robert Bosch GmbH, Breville, Smarter, and others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across the regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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