Market Size of US Household Coffee Machine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.06 Billion |
| Market Size (2029) | USD 4.18 Billion |
| CAGR (2024 - 2029) | 6.38 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Household Coffee Machine Market Analysis
The US Household Coffee Machine Market size is estimated at USD 3.06 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 6.38% during the forecast period (2024-2029).
The top five countries generating revenue from the coffee machine market in descending order are the United States, Germany, France, Italy, and Brazil. With the US generating 3521 Mn USD in 2022. With the advent of the online sales platform, sales of coffee machines in offline mode had seen a continuous decline and a surge in online sales, signifying a change in consumer behavior and how the market had to change its selling strategy online. A continuous increase in the price of coffee machines is observed because of the continuous increase in the inflation rate and price of raw materials (metal industry). The price of a coffee machine was USD 106.6 in 2014, increasing to $119.3 in 2021. In 2020 there was maximum revenue generation for the coffee machine market. After the advent of COVID 19, it saw a decline of 16.3% in 2022.
Covid had caused a disruption in the coffee machine market, leading to decreased revenue generation. A continuous disruption in supply chain logistics occurs, causing inflationary pressure for coffee and the coffee machine market because firms could not meet surging global demand.
As covid restrictions are relaxed in various parts of the world and lockdowns are relaxed, more economic activity is taking place. With an increase in economic activity and normalization of the supply chain, consumption of coffee is increasing, creating space for the coffee machine market in the US. With 64% of US consumers drinking coffee daily of an average of 3.5 cups, consumer spread is expected to increase.
