Fact.MR’s report on Global Coffee Machine Market
Global coffee machine sales are likely to reach 58,675 thousand units in 2019, growing at over 4% over 2018, according to a Fact.MR study. As coffee machines gain prominence in traditional as well as non-traditional coffee drinking markets, the growth trajectory of the market will witness a steady rise. According to the report, the coffee machine market is projected to grow at 4.6% CAGR through 2027. Fact.MR study finds that drip coffee machines will account for nearly 43% of the total coffee machine sales in 2019.
Easy operation, simple design, and quality brewing are the key factors responsible for the significant demand for drip coffee machines. Fact.MR also finds that a good price point of drip coffee machine is another reason that maintains the machine’s popularity. While drip and steam coffee machines continue to be lucrative, sales of capsule-based coffee machines are expected to increase over 5% in 2019 against the backdrop of increasing preference for specialty coffee varieties among consumers.
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