Such technological advances are evolving the way of cooking, food storage, and home interaction. The advent of smart appliances such as automatic coffee machines in the past decade has made the task of coffee making easier and has improved lifestyle,
The European built-in coffee machine market is anticipated to create phenomenal opportunities by registering a CAGR of 4.9% from 2023 to 2033. The global market is estimated to reach US$ 2,175.2 million in 2023 and is projected to reach US$ 3,534.7 million by 2033. The growth of the market is attributed to the surging technological improvements in kitchen appliances.
Such technological advances are evolving the way of cooking, food storage, and home interaction. The advent of smart appliances such as automatic coffee machines in the past decade has made the task of coffee making easier and has improved lifestyle, thereby, also saving time and energy.
In order to gain a new consumer base and efficiently promote the novelties offered in built-in coffee machines, the key manufacturers in the industry are promising the claims of barista-quality coffee blends at home which will be similar to the coffee offered at commercial places.
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In addition to that, facilities featuring dose control grinding, hands-free operation, and a massive steamer for micro-foam milk texturing, have successfully attracted a high number of customers towards such offerings and, in turn, boosted the market in the Europe region.
The demand for built-in coffee machines has witnessed a significant increase due to surging consumer needs for a high-quality coffee machine that is simple to use and exceptionally reliable for long-term use. The persistent nature of the European population for barista-quality coffee at home and their fulfillment through the high-end built-in coffee machines has boosted the volume of sales of built-in coffee machines in the region and is forecast to increase at a substantial growth rate over the forecast period.
Compelling Market Trends
The exponential growth of coffee machines in Europe is attributed to the increasing consumption of coffee and the high demand for different types of specialized coffee. It is considered one of the most consumed beverages worldwide. Leading drivers are focusing on aroma coffee consumption, online commerce opportunities, and innovative brewed coffee beverage types. As a matter of fact, consumers are interested in coffee product quality and origin, as well as social, environmental, and economic sustainability.
Over recent years, the consumption of coffee at home witnessed exponential growth which increased the sales of all coffee equipment. In the hindsight, innovative coffee attributes related to the health properties of coffee are further augmenting coffee consumption, subsequently escalating the sales of built-in coffee machines.
Consumers anticipate more and more functions in the smaller sizes containers that they have grown to expect with each new generation of gadgets. Furthermore, no one wants to spend more or get those extra features at the expense of quality or safety. Manufacturers faced numerous hurdles in the past as a result of this.
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Growth Drivers
A substantial increase is witnessed in the number of coffee lovers in the European region which has boosted the market growth phenomenally. Moreover, the customizations offered in such appliances according to consumer preference have boosted the volume of sales of coffee machines alternatively resulting in market expansion.
A significant increase in the concept of a smart home is gaining traction on the back of technological advancements and ease-of-usability and convenience with just the touch of a button is shifting the consumer preference from conventional coffee-making methods to newly introduced automatic built-in coffee machines. The integration of the latest upgraded software in addition to its connectivity to applications in smart mobile phones for easy access has gained the consumer’s attention to such appliances.
Restraints
Manufacturers have significantly pushed the boundaries of technology, downsizing the next-generation electronic components and systems in order to deliver attractive, feature-rich goods that consumers are willing to buy. Component miniaturization of kitchen appliances is on the surge as consumers are demanding highly efficient products with top-end features in inclusion to the premium quality build that can be aesthetically suitable for smaller rooms or kitchens.
Competitive Landscape
Key players operating in the market are focusing on product availability, product differentiation, promotional activities, and other strategies in order to expand their business through broader landscapes. Moreover, players are implementing the usage of high-tech materials and technology that is likely to expand the custmer base even further.
Key Players
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Jun 16, 2023
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