Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.05 Billion | USD 11.37 Billion | 4.89% | 2024 |
The global smart coffee maker market size was worth around USD 7.05 Billion in 2024 and is predicted to grow to around USD 11.37 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.89% between 2025 and 2034. The report analyzes the global smart coffee maker market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart coffee maker industry.
The report analyzes the global smart coffee maker market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart coffee maker industry.
A smart coffee maker or machine is like a traditional coffee machine but it is equipped with web-based technology and can be controlled with the aid of the Internet. This intelligent kitchen appliance can be controlled with the use of a smart device like a smartphone or voice-controlled assistants, such as Amazon Alexa or Google Assistant. Some of the most important features that are responsible for differentiating smart coffee makers from traditional coffee machines are temperature control, scheduling, and the ability to make coffee with a touch of a button. The industry deals with the designing, marketing, distribution, and after-sales service of smart coffee machines.
Growing demand for smart home appliances to propel market growth
The global smart coffee market is expected to grow owing to the growing demand for smart home appliances. Currently, the industry can be classified as a high niche since it targets a limited set of consumers. One such criterion is that consumers should be avid coffee drinkers and they should be inclined toward the use of smart technology for simplifying lifestyle chores. This relatively small segment of the consumer group is growing at a rapid rate and is expected to work in the favor of the industry growth.
A recent Statista report claimed that the US smart home market is expected to reach over USD 61.9 billion by the end of 2030. Factors like changing or busy lifestyles, increasing disposable income, higher product launch rates, and excellent marketing techniques from the seller's end are expected to drive the industry growth during the forecast period.
High cost to restrict the market growth
One of the leading growth restrictions that exist in the global smart coffee maker industry is the high cost of the device. Furthermore, any damage outside the product warranty can lead to significant expenses since these coffee machines are made of advanced tools and networking systems, unlike traditional coffee makers. The users may find it difficult to find skilled man forces capable of handling any damage to the device. In addition to this, a large part of the potential consumer group may still prefer traditional methods of coffee drinking, at least at residential or home premises.
Growing adoption in the HoReCa segment to provide growth opportunities
HoReCa stands for hotels, restaurants, and cafes. The global smart coffee maker market size may witness higher growth opportunities owing to the increasing HoReCa industry across the globe. These units are more likely to invest in smarter and more expensive technologies to improve consumer experience and make them stand apart from the rest of the competing units. Furthermore, the rising investment toward higher technological advancements of smart coffee machines by integrating them with popular voice assistants like Alexa and others providing users more control over the device could result in better revenue.
Competition from alternatives to act as a major challenge
The global smart coffee maker industry is extremely nice and caters to the needs of specific consumer groups. It faces tough and almost unsurpassable competition from traditional coffee machines since the consumer group for the latter section is extremely high. In addition to this, the ongoing concerns of recession and global economic slowdown may further cause more loss of consumers unless industry players can provide machines that are pocket-friendly. Furthermore, new entrants may find the industry highly difficult in terms of cracking the break-even point in the initial stages of the business.
Report Attributes | Report Details |
---|---|
Report Name | Smart Coffee Maker Market |
Market Size in 2024 | USD 7.05 Billion |
Market Forecast in 2034 | USD 11.37 Billion |
Growth Rate | CAGR of 4.89% |
Number of Pages | 211 |
Key Companies Covered | Brewgenie, Behmor Inc., Nuova Simonelli S.p.A., DeLonghi Appliances S.r.l., Mr. Coffee, Hamilton Beach Brands Holding Company, Third Wave Automation, JURA Elektroapparate AG, Tchibo GmbH, Keurig Dr Pepper Inc., Wilfa, Koninklijke Philips N.V., Melitta Group, Zojirushi Corporation, Nestlé S.A., Touch Coffee & Beverages, Smarter Applications Ltd., Krups, SMARTER Coffee Company Ltd., Nespresso, SmarterVending Inc., Technivorm, Bonavita BV1900TS, OXO On, and Illycaffè S.p.A., and others. |
Segments Covered | By Product, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global smart coffee maker market is segmented based on application, product, and region.
Based on application, the global market segments are residential and commercial. Currently, the industry is expected to witness the highest growth in the residential sector since it already has a dedicated consumer base in this group. The high segmental revenue is due to the growing demand for convenience and customization among consumers as well as the increasing adoption of smart home technology. In addition to this, the commercial segment is also expected to grow at a rapid rate as hotels and cafes look for measures to provide a better experience to their customers. The commercial segment growth is expected to be led by factors like the need for efficient and consistent coffee preparation, as well as the ability to track and analyze usage data for business purposes. In 2024, the European population represented over 28% of global coffee consumption.
Based on product, the global smart coffee maker market is segmented into bean-to-cup, espresso, drip filter, and pod or capsule. The industry may witness the highest growth in the espresso segment followed by pod/capsule coffee makers since currently the highest sale of smart coffee makers is observed in these segments. Espresso machines have always been a popular choice amongst regular coffee drinkers and the smart version of the coffee-making machine features automated brewing and personalized settings. Pod and capsule coffee makers provide excellent convenience and hence have grown in terms of popularity. On average, smart coffee makers can range from around $100 to $500 or more.
The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.
The smart coffee maker market shows distinct regional trends driven by varying consumer lifestyles, technological adoption, and economic conditions. North America leads the market due to high demand for connected home appliances and a strong coffee culture, with consumers embracing features like app controls and scheduling. Europe follows closely, driven by a sophisticated coffee-drinking tradition and increasing interest in smart kitchen solutions for convenience and energy efficiency. The Asia-Pacific region is witnessing rapid growth, fueled by rising disposable incomes, urbanization, and growing awareness of smart home technologies, especially in countries like China, Japan, and South Korea. Meanwhile, regions like Latin America and the Middle East are gradually adopting smart coffee makers, with growth supported by expanding middle-class populations and evolving consumer preferences for premium and convenient coffee experiences.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the smart coffee maker market on a global and regional basis.
The global smart coffee maker market is dominated by players like:
The global smart coffee maker market is segmented as follows;
By Application
By Product
FrequentlyAsked Questions
A smart coffee maker or machine is like a traditional coffee machine but it is equipped with web-based technology and can be controlled with the aid of the Internet. This intelligent kitchen appliance can be controlled with the use of a smart device like a smartphone or voice-controlled assistants, such as Amazon Alexa or Google Assistant. Some of the most important features that are responsible for differentiating smart coffee makers from traditional coffee machines are temperature control, scheduling, and the ability to make coffee with a touch of a button.
The global smart coffee maker market is expected to grow due to growing demand for convenience, integration with smart home systems, increasing coffee consumption, and advancements in IoT and voice-controlled technologies.
According to a study, the global smart coffee maker market size was worth around USD 7.05 Billion in 2024 and is expected to reach USD 11.37 Billion by 2034.
The global smart coffee maker market is expected to grow at a CAGR of 4.89% during the forecast period.
North America is expected to dominate the smart coffee maker market over the forecast period.
Leading players in the global smart coffee maker market include Brewgenie, Behmor Inc., Nuova Simonelli S.p.A., DeLonghi Appliances S.r.l., Mr. Coffee, Hamilton Beach Brands Holding Company, Third Wave Automation, JURA Elektroapparate AG, Tchibo GmbH, Keurig Dr Pepper Inc., Wilfa, Koninklijke Philips N.V., Melitta Group, Zojirushi Corporation, Nestlé S.A., Touch Coffee & Beverages, Smarter Applications Ltd., Krups, SMARTER Coffee Company Ltd., Nespresso, SmarterVending Inc., Technivorm, Bonavita BV1900TS, OXO On, and Illycaffè S.p.A., among others.
The report explores crucial aspects of the smart coffee maker market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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