North America Coffee Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Filter Coffee Machines, Espresso Coffee Machines, Capsule and Pod Coffee Machines, and Others), Category (Manual and Automatic & Semi-Automatic), and End User (Residential and Non-Residential)
Market Introduction
The North America coffee machines market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Coffee is among the largest commodities consumed by people. The coffee shop industry in the US includes 20,000 stores with combined annual revenue of about US$11 billion. Major companies include Caribou, Starbucks, Coffee Bean, Dunkin' Donuts, and Tea Leaf, and Diedrich (Gloria Jean's). Moreover, collaboration, partnership, and product launches are the major trends that tie into the industry's focus on growth and product/service innovation. For instance, in November 2020, Keurig has acquired the manufacturing, sales, and distribution rights along with licensed brands in around 37 counties in east Texas from The Red River Beverage Group and The Made-Rite Company. This will increase the customer base for the company to reach 1.5 million consumers. Moreover, in Feb 2021, the company has launched a touchless brewing machine on its bean-to-cup coffee makers designed for work environments. Using the new Keurig Remote Brew app, consumers can brew their favorite coffee or specialty beverages through a mobile device. Nespresso Momento has been designed to be easy to set up, use, clean, and service. It has an elegant touchscreen display that allows users to brew a variety of coffee sizes, including Americanos, with a single touch. Thus, the rising number of high-rated coffee shops has led the manufacturers toward innovation. Hence the above-mentioned factors are likely to act as a key trend for the coffee machine market.
In North America, the US witnessed an unprecedented rise in number of COVID-19 cases in 2020, which led to the discontinuation of manufacturing activities. In addition, decline in the overall brewing activities has led to the discontinuation of coffee machines manufacturing activities in the US. The similar trend was witnessed in other North American countries, such as Mexico, Canada, Cuba, Panama, and Costa Rica. However, with the economic activities regaining their pace, the coffee machine market in the region is likely to make up for this loss in 2021.
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Market Overview and Dynamics
The coffee machines market in North America is expected to grow from US$ 3,355.02 million in 2021 to US$ 4,448.91 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. With the growing demand for non-alcoholic beverages and the prevalence of high-end coffee supplied by North America coffee chains such as Starbucks, The Coffee Bean, and Tea Leaf, North America's coffee business is set to grow. Millennials are widely credited with fueling America's coffee obsession. According to the USDA census, there are approximately 75.1 million millennial consumers in the United States, with an average per capita coffee consumption of 3.6 kg in 2018. Customers are increasingly willing to purchase coffee makers in order to replicate the coffee shop experience at home. The consumption of specialty coffee in the United States is increasing, and there has been a noticeable increase in the number of daily specialty coffee consumers in recent years. Premium coffee is becoming more popular as health and wellness trends spread across the country. According to a National Coffee Association poll, the number of daily specialty coffee users in the United States has increased significantly over the previous 18 years, from 9% in 1999 to 41% in 2017. Furthermore, specialty coffee accounted for 59 percent of all coffee cups consumed, compared to 41 percent of non-specialty coffee cups. Throughout the forecast period, the market will be driven by the ongoing demand for better-tasting coffee.
Key Market Segments
Based on type, the filter coffee machines segment accounted for the largest share of the North America coffee machines market in 2020. Based on category, the automatic and semi-automatic segment accounted for the largest share of the North America coffee machines market in 2020. Based on end-user, the residential segment accounted for the largest share of the North America coffee machines market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America coffee machines market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Keurig Green Mountain, Inc.; Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.p.A.; Koninklijke Philips N.V; Krups Gmbh (Groupe SEB); Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.p.A.
Reasons to buy report
- To understand the North America coffee machines market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America coffee machines market
- Efficiently plan M&A and partnership deals in North America coffee machines market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America coffee machines market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Coffee Machines Market Segmentation
North America Coffee Machines Market -By Type
- Filter Coffee Machines
- Espresso Coffee Machines
- Capsule and Pod Coffee Machines
- Others
North America Coffee Machines Market -By Category
- Manual
- Automatic and Semi-Automatic
North America Coffee Machines Market -By End-User
- Residential
- Non- Residential
North America Coffee Machines Market – By Country
- US
- Canada
- Mexico
North America Coffee Machines Market – Company Profiles
- Keurig Green Mountain, Inc.
- Robert Bosch GmbH
- Electrolux AB
- illycaffè S.p.A.
- Koninklijke Philips N.V.
- Krups GmBH (Groupe SEB)
- Morphy Richards
- Nestlé S.A
- Panasonic Corporation
- Luigi Lavazza S.p.A
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Coffee Machines Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Coffee Machines Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Corporates and Youth Population
5.1.2 Growing Popularity of Caffeine
5.2 Market Restraints
5.2.1 Adverse Effects of Excessive Consumption of Caffeine
5.3 Market Opportunities
5.3.1 Technological Advancements in Coffee Machine
5.4 Future Trends
5.4.1 Rising Number of High Rated Coffee Shops and Market Consolidation.
5.5 Impact Analysis of Drivers and Restraint
6. Coffee Machines– North America Market Analysis
6.1 North America Market Overview
6.2 Coffee Machines Market –Revenue and Forecast To 2028 (US$ Million)
7. North America Coffee Machines Market Analysis – By Type
7.1 Overview
7.2 North America Coffee Machines Market Breakdown, by Type, 2020 & 2028
7.3 Filter Coffee Machines
7.3.1 Overview
7.3.2 Filter Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Espresso Coffee Machines
7.4.1 Overview
7.4.2 Espresso Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Capsule and Pod Coffee Machines
7.5.1 Overview
7.5.2 Capsule and Pod Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Coffee Machines Market Analysis – By Category
8.1 Overview
8.2 North America Coffee Machines Market Breakdown, by Category, 2020 & 2028
8.3 Manual
8.3.1 Overview
8.3.2 Manual: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automatic and Semi-Automatic
8.4.1 Overview
8.4.2 Automatic and Semi-Automatic: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Coffee Machines Market Analysis – By End-User
9.1 Overview
9.2 North America Coffee Machines Market Breakdown, by End-User, 2020 & 2028
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Residential
9.4.1 Overview
9.4.2 Non-Residential: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Coffee Machines Market – Country Analysis
10.1 North America
10.1.1 North America: Coffee Machines Market, by Key Country
10.1.1.1 US: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Coffee Machines Market, by Type
10.1.1.1.2 US: Coffee Machines Market, by Category
10.1.1.1.3 US: Coffee Machines Market, by End-User
10.1.1.2 Canada: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Coffee Machines Market, by Type
10.1.1.2.2 Canada: Coffee Machines Market, by Category
10.1.1.2.3 Canada: Coffee Machines Market, by End-User
10.1.1.3 Mexico: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Coffee Machines Market, by Type
10.1.1.3.2 Mexico: Coffee Machines Market, by Category
10.1.1.3.3 Mexico: Coffee Machines Market, by End-User
11. Impact of COVID-19 Pandemic on North America Coffee Machines Market
11.1 Overview
11.2 Impact of COVID-19 Pandemic on Coffee Machines Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 Keurig Green Mountain, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Robert Bosch GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Electrolux AB
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 illycaffè S.p.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Koninklijke Philips N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Krups GmBH (Groupe SEB)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Morphy Richards
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Nestlé S.A
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Panasonic Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Luigi Lavazza S.p.A
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word IndexLIST OF TABLES
Table 1. North America Coffee Machines Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. US Coffee Machines Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. US Coffee Machines Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Coffee Machines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Coffee Machines Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Coffee Machines Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Coffee Machines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Coffee Machines Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Coffee Machines Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Coffee Machines Market, by End-User- Revenue and Forecast to 2028 (US$ Million)
Table 11. Organic Developments Done By Companies
Table 12. Inorganic Developments Done by Companies
Table 13. List of AbbreviationLIST OF FIGURES
Figure 1. North America Coffee Machines Market Segmentation
Figure 2. North America Coffee Machines Market Segmentation – By Country
Figure 3. North America Coffee Machines Market Overview
Figure 4. Filter Coffee Machines Segment Held Largest Share of North America Coffee Machines Market
Figure 5. US Held Largest Share of North America Coffee Machines Market
Figure 6. North America Coffee Machines Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Coffee Machines Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Coffee Machines Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. North America Coffee Machines Market Breakdown, by Type, 2020 & 2028
Figure 12. Filter Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Espresso Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Capsule and Pod Coffee Machines: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Coffee Machines Market Breakdown, by Category, 2020 & 2028
Figure 17. Manual: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Automatic and Semi-Automatic: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Coffee Machines Market Breakdown, by End-User, 2020 & 2028
Figure 20. Residential: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Non-Residential: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Coffee Machines Market, by Key Country – Revenue (2020) (USD Million)
Figure 23. North America: Coffee Machines Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. US: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Coffee Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
Figure 28. Growth Strategies Done by the Companies in the Market, (%)- Keurig Green Mountain, Inc.
- Robert Bosch GmbH
- Electrolux AB
- illycaffè S.p.A.
- Koninklijke Philips N.V.
- Krups GmBH (Groupe SEB)
- Morphy Richards
- Nestlé S.A
- Panasonic Corporation
- Luigi Lavazza S.p.A
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America coffee machines market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America coffee machines market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America coffee machines market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution