The growing working population in India and increasing number of cafes and coffee shops will fuel the India coffee machine market through 2028.
According to TechSci Research report, “India Coffee Machine Market – By Region, Competition Forecast & Opportunities, 2018-2028” India coffee machine market is forecast to grow at an impressive CAGR of 8.51% in the forecast period due to rapidly increasing demand for the coffee industry. The market’s growth is stimulated by a growing youth population which will lead to increasing in number of coffee lovers and increasing cafes and coffee shops. Due to the growing working population and change lifestyles, the demand for India coffee machine is expected to grow during the forecast period.
Over the years, coffee machines have been an essential home appliance component. Customers are increasingly looking for “value options” that balance the qualities of price, quality, convenience, consistency, and innovation. In the anticipated years, there will be a rise in the need for coffee machines. Additionally, the youth in India are switching from tea to coffee, increasing the demand for coffee machines. Consumer preferences, innovative technology, creative design, and after-sales service advancements have contributed to the sector’s growth.
Based on type, the India coffee machine market is segmented into filter/drip coffee machines, espresso coffee machines, and pod coffee machines. The filter/drip coffee machine type has dominated the market with a share of around 84% by volume in 2022. It will continue to dominate during the forecast period because filter/drip coffee has long been a rich beverage that caters to a distinct flavor.
The COVID-19 epidemic has had a huge effect on the market for coffee machines. The pandemic has reduced operational efficiency and disrupted supply networks because of the rapid closure of national borders, resulting loss of money and harm. Supply chain problems have hampered raw material distribution, which is limiting market growth and affecting the production of coffee machines.
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The India coffee machine market is segmented based on type, end user, technology, distribution channel, region and company. The India coffee machine market is segmented into filter/drip coffee machine, espresso coffee machine and pod coffee machine in terms of type. In terms of end user, India coffee machine market is segmented into food service, residential, offices, institutional and other (hospitals, hotels, automotive showrooms, etc.). The India coffee machine market is segmented into semi-automatic and fully automatic in terms of technology. The distribution channel segment is divided into distributors/dealers, multi-brand stores, direct sales and online. Then, the distributors/dealers’ sales dominate the India coffee machine market, but online channels have gained popularity after the COVID-19 pandemic.
Key market players in the India coffee machine market include:
- Orient Electric Limited (DE’LONGHI)
- Coffee Day Global Limited
- Philips India Limited
- Havells India Ltd
- Bajaj Electricals Limited (Morphy Richards)
- BSH Household Appliances Manufacturing Private Limited
- Nestle India Limited
- Whirlpool of India Ltd.
- Fresh and Honest Café Limited
- TTK Prestige Limited
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Coffee Day Global Limited unveiled the Indus Plus line of IoT and GSM-enabled coffee machines. Coffee dispensing is a simple and enjoyable process with an Android-based input device, which means that the screen is equipped with image, video, and sound and is built for high-quality recreation. For instance, Thermoblock technology developed by De’Longhi can reach the necessary brewing temperature in under 40 seconds and includes an inbuilt cappuccino system that combines air, milk, and steam to create a creamy beverage. Morphy Richards Fresco espresso machine appliance has a removable drip tray that makes cleaning it simple.
“Demand for coffee machines in India is growing due to increasing working population, changing consumer preferences from tea to coffee and rising disposable income. The industry’s top players are continuously improving their goods to meet the increasing demands, which is anticipated to boost the Indian coffee machine market over the coming several years. Additionally, the development of the e-commerce sector will create new channels for distributors and dealers to connect with customers and expand their audience., which will positively impact the Indian coffee machine market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Coffee Machine Market, By Type (Filter/Drip Coffee Machine, Espresso Coffee Machine and Pod Coffee Machine ), By End User (Food Service, Residential, Offices, Institutional and Other (Hospitals, Hotels, Automotive Showrooms, etc.), By Technology (Semi-Automatic and Fully Automatic), By Distribution Channel (Distributors/Dealers, Multi-Brand Stores, Direct Sales and Online) By Region, Competition, Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of coffee machine market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India coffee machine market.
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