Commercial coffee machine market expected to reach $9.3 billion by 2032 due to growing demand
From GlobeNewswire: 2024-12-18 07:00:00
The commercial coffee machine market was valued at USD 5.5 billion in 2023, with a projected 6.2% CAGR from 2024 to 2032. Demand for specialty and gourmet coffee is driving growth, as cafés invest in advanced machines to cater to urban premium coffee trends. However, high upfront costs pose challenges for smaller businesses.
Fully automated machines dominated the market in 2023 at USD 3.7 billion, with a 6.6% CAGR expected. Businesses are opting for automated systems for consistency and efficiency, reducing labor costs. Medium-priced machines, holding 48.2% of the market share, offer quality and functionality for high-volume production in cafés and restaurants.
North America accounted for USD 1.8 billion of the market in 2023, with a 5% CAGR expected through 2032. The region’s strong coffee culture and high per capita consumption drive demand for innovative solutions in various establishments. Investments in advanced coffee machines are increasing to enhance beverage quality and operational efficiency.
Read more at GlobeNewswire: Commercial Coffee Machine Market to hit USD 9.3 billion by
