Market Size of Household Coffee Machine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.19 Billion |
| Market Size (2029) | USD 6.56 Billion |
| CAGR (2024 - 2029) | > 3.45 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Household Coffee Machine Market Analysis
The Household Coffee Machine Market size is estimated at USD 5.19 billion in 2024, and is expected to reach USD 6.56 billion by 2029, growing at a CAGR of greater than 3.45% during the forecast period (2024-2029).
As per the European vending and coffee service association, there are four million vending machines in Europe, with 2.5 million dispensing hot drinks as a table or freestanding coffee machines. 80% of the total machines are in workplaces, and it was found that there were 180 European for every vending machine. The coffee industry employs more than 85000 people in around 10000 companies. The total annual turnover is 16 million euros.
With the advent of COVID and continuous lockdowns, the coffee Industry went from 133.66 bn dollars USD in 2018 to 130- and 108.27-billion-dollar USD in 2019,20. As covid restrictions are relaxed, the revenue of the coffee industry has started to increase for the European market and is expected to increase continuously in the future.
As Europe is a developed nation, it was able to contain Covid spread effectively; with efforts being made towards the opening of the economy resulting in increased human activities, coffee consumption will be observing an increase in the future, creating a positive impact for coffee machine market in Europe.
