Revenue in the Coffee Machines segment amounts to US$11756.4m in 2022.
The market is expected to grow annually by 2.71% (CAGR 2022-2026).
~ Statista
In global comparison most revenue is generated in the United States (US$3521m in 2022).
~ Statista
In relation to total population figures per person revenues of US$1.54 are generated in 2022.
~ Statista
In the Coffee Machines segment volume is expected to amount to 92.94m pcs.
by 2026.
The Coffee Machines segment is expected to show a volume growth of 0.6% in 2023.
~ Statista
The average volume per person in the Coffee Machines segment is expected to amount to 0.01 pieces in 2022.
~ Statista
Why Are Espresso Machines So Popular?
Espresso machines are more popular than ever.
In 2015 more people were using them compared to 2014.
They’re also becoming advanced and even more convenient.
It’s a fairly new trend that is expected to gain momentum in the coming years.
The main factors that have contributed to this increase in usage include:
Industry popularity
More people are getting into the specialty coffee industry thus bringing about a greater demand for espresso machines of all types and sizes
Innovation
Manufacturers of espresso machines are working hard to make their products create better-tasting coffee by tweaking designs and experimenting with new features
Convenience
Espresso machine manufacturers have made several improvements in the area of convenience which has helped to spur overall market growth
Price
People are becoming more aware of the cost associated with buying coffee outside their homes or offices and thus they’re slowly switching to espresso makers that allow them to brew great tasting coffee at home for an affordable price
Espresso machines provide a balanced lifestyle.
By starting our day with a strong cup of coffee we can boost our energy levels throughout the day.
A lot of people prefer using espresso machines because it makes staying energized easier.
A good quality espresso machine allows us to make different types of coffee beverages in less than between 3-20 minutes depending on the recipe.
If you don’t have enough time in the morning for preparing your usual drink then you can try an espresso machine which can provide you with delicious coffee within a few minutes.
Mastering the art of making coffee with an espresso machine is not so difficult job.
It needs a little practice but once you got the hang of it you’ll be able to make quality espressos in no time.
The best thing about using an espresso machine at home is that it provides convenience and saves money at the same time.
You don’t always have to visit your favorite cafe or restaurant to enjoy delicious coffee drinks because by owning a good quality espresso machine you can easily make different types of coffee beverages in your own kitchen.
Coffee lovers are always looking for new ways to brew their coffee because they want to taste something innovative every day.
If you are also tired of using traditional coffee makers then I would suggest you try an espresso machine.
You can make different types of coffee beverages by just pushing a button.
What’s The Future Of Espresso Machines?
It’s hard to say for certain but it seems likely that espresso machines will only continue to grow in popularity.
They offer a great way to enjoy a delicious and refreshing cup of coffee and with so many different models and styles available there’s sure to be one that fits your needs perfectly.
Whether you’re a first-time espresso machine buyer or an experienced coffee lover there’s definitely something for you out there.
So don’t wait any longer – get started shopping today!
