1 Global Espresso Machines Market Size (Value) and CAGR (2024-2033)
In 2024, the global Espresso Machines market was valued at USD 4325.40 million, with a CAGR of 5.77% from 2024 to 2033.
Espresso machines are electrical appliances designed to brew espresso by forcing pressurized water near boiling point through a “disc” of ground coffee and a filter. This process results in a thick, rich espresso with a stronger flavor compared to traditional drip coffee, making it a popular choice for coffee enthusiasts worldwide.
Figure Global Espresso Machines Market Size (M USD) and CAGR 2024-2033
2 Opportunities and Industry Trends in the Espresso Machines Market
The Espresso Machines market is experiencing a surge of opportunities driven by various industry trends. One of the most significant trends is the growing global popularity of coffee. As coffee consumption becomes more prevalent, the demand for espresso machines is also on the rise. Consumers are no longer content with just a cup of coffee; they are seeking a richer, more flavorful experience that espresso machines can provide. This shift in consumer preference is pushing the market towards more sophisticated and efficient machines.
Another notable trend is the increasing number of industries entering the coffee business. From traditional coffee shops to fast-food chains like KFC and McDonald’s, the coffee market is expanding rapidly. This expansion is not only increasing the demand for espresso machines but also driving innovation in machine design and functionality. For instance, machines are becoming more compact and energy-efficient to fit into the limited spaces of fast-food outlets.
The rise of the working class and the youth population is also a significant opportunity for the Espresso Machines market. With more disposable income and a desire for convenience, these demographics are driving the demand for home espresso machines. The ability to make a barista-quality coffee at home is becoming increasingly attractive, especially in countries like China and India, where coffee culture is still in its nascent stages but growing rapidly.
Product innovation is another key opportunity. Manufacturers are investing in research and development to introduce smarter and faster espresso machines. Features such as Bluetooth or Wi-Fi connectivity, which allow users to control the machine remotely via smartphones, are becoming more common. These innovations not only enhance the user experience but also differentiate products in a competitive market.
3 Espresso Machines Market Restraints
Despite the numerous opportunities, the Espresso Machines market also faces several restraints that could hinder its growth. One of the most significant challenges is the fierce competition within the industry. With a multitude of brands vying for market share, there is a constant threat of price wars. This can lead to reduced profit margins for manufacturers and may discourage new entrants from joining the market.
The development of substitute products is another restraint. While espresso machines are designed for making coffee, there are many alternatives available, such as tea, herbal drinks, and other instant beverages. The growing market for these substitutes, particularly in developing countries, is capturing a significant share of the beverage market. This not only reduces the demand for espresso machines but also presents a challenge for the industry to innovate and differentiate its products.
Regional development is also uneven, which can impede the growth of the Espresso Machines market. Some regions have well-established industrial chains and a large market share, while others lack mature and complete operating chains. In countries with underdeveloped economies and low levels of science and technology, the standard of living is often not high, and there may be no habit of drinking coffee. This makes it difficult for the Espresso Machines industry to penetrate and develop in these areas.
4 Global Espresso Machines Market Size and Share by Type in 2024
Fully automatic espresso machines are designed for convenience and ease of use. These machines are compact and require minimal effort to operate. Users simply need to add water and coffee beans, press a switch, and the machine will automatically grind the beans, fill the filter, and brew a cup of coffee. This type of machine is ideal for individuals and households who desire a hassle-free coffee-making experience. In 2024, the revenue generated by fully automatic espresso machines is forecasted to be 2903.12 million USD. The growth in revenue for this segment is driven by the increasing demand for convenience and consistency in coffee quality, especially among busy consumers who value time efficiency.
Manually and semi-automatic espresso machines offer a more hands-on approach to coffee making. These machines are typically larger, particularly the commercial models, and require the operator to have a certain level of skill and knowledge. The process involves grinding the coffee powder, placing it into the machine’s filter cup, and applying even pressure before locking the upper handle and pressing the button to extract the coffee liquid.
The operator’s technique plays a crucial role in the quality of the coffee produced. In 2024, the revenue from manually and semi-automatic espresso machines is expected to reach 1422.29 million USD. This segment appeals to coffee enthusiasts and professionals who take pride in the art of coffee making and seek to control every aspect of the brewing process.
Table Global Espresso Machines Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
Manually and Semi-automatic | 1422.29 | 32.88% |
Fully-automatic | 2903.12 | 67.12% |
5 Global Espresso Machines Market Size and Share by Application in 2024
The Individual & Household segment is the largest application area for espresso machines, accounting for a significant portion of the market revenue. In 2024, this segment is forecasted to generate a revenue of 2845.45 million USD. Espresso machines for individual and household use are designed to meet the daily coffee needs of ordinary consumers. These machines are typically compact, user-friendly, and offer a range of features to suit different tastes and preferences. They are ideal for home use, providing convenience and the ability to enjoy barista-quality coffee without leaving the house.
The Commercial segment, although smaller in comparison, is also a significant contributor to the market revenue. In 2024, the revenue from commercial espresso machines is expected to reach 1479.95 million USD. Commercial espresso machines are primarily used in coffee shops, restaurants, hotels, and other hospitality businesses. These machines are designed to handle high volumes of coffee production and are built to be more durable and robust. They often come with advanced features and customization options to meet the specific needs of commercial users.
Table Global Espresso Machines Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
Individual and Household | 2845.45 | 65.78% |
Commercial | 1479.95 | 34.22% |
6 Global Espresso Machines Market Size and Share by Region in 2024
North America is a significant market for espresso machines, with a forecasted revenue of 1151.28 million USD in 2024. The United States and Canada are the primary markets within this region. The growth in this region is driven by the increasing popularity of coffee culture, the high disposable income of consumers, and the demand for high-quality coffee at home and in commercial settings. The market in North America is characterized by a strong preference for fully automatic machines, which offer convenience and consistency in coffee quality.
Europe is the largest market for espresso machines, with a forecasted revenue of 2014.71 million USD in 2024. Countries such as Germany, France, Italy, and the UK are major contributors to this revenue. Europe has a long-standing coffee culture, and the demand for espresso machines is driven by the high volume of coffee consumption in both households and commercial establishments. The market in Europe is characterized by a diverse range of machines, from traditional manually operated machines to the latest fully automatic models.
The Asia-Pacific region is a rapidly growing market for espresso machines, with a forecasted revenue of 897.74 million USD in 2024. Countries such as China, Japan, South Korea, and Australia are leading the growth in this region. The market in Asia-Pacific is driven by the increasing urbanization, the rising middle class, and the growing popularity of coffee culture. As more people in this region adopt coffee as a part of their daily routine, the demand for espresso machines is expected to rise. The trend in this region is towards more affordable and user-friendly machines, making them accessible to a wider range of consumers.
Figure Global Espresso Machines Market Share by Region in 2024
7 Major Players in Global Espresso Machines Market
7.1 DeLonghi
Company Profile: DeLonghi is an Italian-based company founded in 1902, with a strong global presence. It is renowned for its wide range of kitchen and home appliances, including espresso machines. DeLonghi’s manufacturing base is primarily in Europe, and it serves customers worldwide. The company is known for its innovative designs and high-quality products, which have made it a household name in the espresso machine market.
Business Overview: DeLonghi offers a comprehensive range of products, from household appliances to air-conditioning and heating systems. Its espresso machines are particularly popular, known for their reliability and user-friendly features. DeLonghi’s business strategy focuses on continuous innovation and expansion into new markets, which has helped it maintain a leading position in the industry.
Product Portfolio: DeLonghi’s product portfolio includes a variety of espresso machines, such as the La Specialista Maestro Espresso Machine with LatteCrema Automatic Milk Frother. This machine is designed with precision engineering and patented technology, offering eight grinding settings and a digital dosing dial for accurate dosing. It also features a powerful steam wand and an automatic milk frothing system, allowing users to create a range of specialty coffees at home.
Recent Financial Data: In 2021, DeLonghi reported a revenue of 985.82 million USD, with a gross margin of 32.98%.
7.2 Jura
Company Profile: Jura, founded in 1931 and headquartered in Switzerland, is a leading innovator in automatic coffee machines. The company is known for its sophisticated, high-quality, and versatile espresso machines that offer ease of use and exceptional brewing capabilities. Jura’s manufacturing base is primarily in Europe, and it sells its products globally.
Business Overview: Jura’s business is centered around the design, manufacture, and distribution of automatic coffee machines. The company focuses on providing a premium coffee experience to its customers, with a range of machines that cater to different preferences and needs. Jura’s commitment to innovation and quality has made it a respected brand in the espresso machine market.
Product Portfolio: Jura’s product portfolio includes advanced espresso machines like the GIGA X8c. This machine features a completely new inner workings, making it more robust, efficient, and intelligent. It has a dual spout designed for professional users, a dishwasher-proof drip tray, and an intuitive touch display. The GIGA X8c also offers a range of specialty coffee options, enhancing the coffee-making experience for users.
Recent Financial Data: In 2021, Jura reported a revenue of 617.13 million USD, with a gross margin of 31.77%.
7.3 Philips
Company Profile: Philips, established in 1891 and headquartered in the Netherlands, is a global health technology company. It offers a wide range of products and services, from diagnostic imaging to consumer health and home care. Philips’ espresso machines are known for their reliability, ease of use, and advanced features, making them popular among consumers worldwide.
Business Overview: Philips’ business strategy focuses on improving people’s health across the health continuum. In the home care segment, Philips offers a variety of appliances, including espresso machines. The company’s goal is to provide high-quality products that enhance the user experience and meet the diverse needs of consumers. Philips’ commitment to innovation and quality has helped it maintain a strong market position in the espresso machine industry.
Product Portfolio: Philips’ product portfolio includes innovative espresso machines such as the SAECO XELSIS and the Philips 5400 LatteGo. The SAECO XELSIS offers 15 delicious espresso and coffee drinks, complete personalization using the touch screen with Coffee Equalizer™, and the ability to save settings on up to six user profiles. The Philips 5400 LatteGo features a LatteGo milk system, coffee customizer, colored digital display, and multiple user profiles, making it a versatile choice for coffee lovers.
Recent Financial Data: In 2021, Philips reported a revenue of 749.48 million USD, with a gross margin of 31.67%.