NEW
YORK, June 18, 2024 /PRNewswire/ -- The global
office and commercial coffee equipment and supplies market size is
estimated to grow by USD 5.41 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 3.43% during the forecast
period. growing number of office spaces and commercial
establishments is driving market growth, with a trend
towards rising demand for fully automated coffee dispensing
machines However, possible health implications of
caffeine poses a challenge.Key market players include Animo
B.V., Bunn O Matic Corp., Clive
Coffee, Coffee Day Enterprises Ltd., Danone SA, DeLonghi
Group, Farmer Bros Co., Hamilton Beach Brands Holding Co., JURA
Elektroapparate AG, Kaapi Machines India Pvt. Ltd., Keurig Green
Mountain Inc., Koninklijke Philips N.V., LUIGI LAVAZZA S.p.A., Massimo Zanetti Beverage
Group Spa, Nestle SA, Newell Brands Inc., Rhea Vendors Group Spa,
SEB Developpement SA, Simonelli Group Spa, and The Coca Cola
Co..
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Office And
Commercial Coffee Equipment And Supplies Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.43%
|
Market growth
2024-2028
|
USD 5415.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.27
|
Regional
analysis
|
Europe, APAC, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 42%
|
Key
countries
|
US, China, Germany,
France, and Japan
|
Key companies
profiled
|
Animo B.V., Bunn O
Matic Corp., Clive Coffee, Coffee Day Enterprises Ltd., Danone SA,
DeLonghi Group, Farmer Bros Co., Hamilton Beach Brands Holding Co.,
JURA Elektroapparate AG, Kaapi Machines India Pvt. Ltd., Keurig
Green Mountain Inc., Koninklijke Philips N.V., LUIGI LAVAZZA
S.p.A., Massimo Zanetti Beverage Group Spa, Nestle SA, Newell
Brands Inc., Rhea Vendors Group Spa, SEB Developpement SA,
Simonelli Group Spa, and The Coca Cola Co.
|
Market Driver
The global office and commercial coffee equipment and supplies
market is experiencing growth due to the increasing adoption of
fully automated coffee machines. These machines offer benefits such
as reduced operational effort, time savings, and maintenance cost
reductions. WMF, a market leader, provides a range of fully
automated coffee machines, including the 9000S+ model with advanced
features like a touch display, individual temperature control, and
self-cleaning system. Despite higher prices, the demand for these
machines is high due to their efficiency and precision, driving
both volume and value sales in the market.
The market for office and commercial coffee equipment and
supplies is thriving, with a focus on convenience and efficiency.
Coffee machines, both automatic and manual, are popular choices for
businesses. The trend towards sustainability is reflected in the
demand for eco-friendly coffee equipment and biodegradable
supplies. The use of technology, such as app-controlled coffee
machines and smart coffee grinders, is on the rise. The market also
caters to various tastes with a wide range of coffee beans and
flavors available. Additionally, the need for quick and
easy-to-prepare beverages has led to the popularity of capsule
coffee systems. Overall, the office and commercial coffee equipment
and supplies market is an essential sector, providing businesses
with essential tools to boost productivity and employee
morale.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The consumption of caffeine can negatively impact the demand
for coffee supplies in offices and commercial establishments.
Excessive caffeine intake disrupts sleep patterns, leading to
insomnia. It also increases blood sugar levels, making it
challenging for consumers with type-2 diabetes to manage insulin
levels. Caffeine blocks magnesium absorption, slowing digestion,
and can cause dehydration. High caffeine consumption stimulates the
nervous system, leading to irritability, anxiety, and headaches.
These health concerns may deter consumers from purchasing coffee
creamers and other supplies during the forecast period.
- The Office and Commercial Coffee Equipment and Supplies market
face several challenges. Coffee machines, filters, and related
supplies are essential for businesses to offer their employees and
customers a quality beverage experience. However, keeping up with
the latest technology and trends can be costly. Additionally,
ensuring a consistent supply of high-quality coffee beans and other
ingredients can be challenging. Sustainability is also a concern,
as businesses strive to reduce their environmental impact.
Furthermore, the competition in this market is fierce, requiring
companies to differentiate themselves through exceptional customer
service and innovative product offerings. Lastly, the ongoing
economic uncertainty and potential for supply chain disruptions add
to the challenges faced by players in this market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This office and commercial coffee equipment and supplies market
report extensively covers market segmentation by
- End-user
- 1.1 Offices
- 1.2 Foodservice restaurants and convenience stores
- 1.3 Healthcare and hospitality
- 1.4 Education
- 1.5 Others
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 APAC
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Offices- The office segment is the largest
consumer of global office and commercial coffee equipment and
supplies, with varying machine types and capacities based on office
needs. Modernization and changing work culture drive demand for
advanced coffee equipment, particularly automatic espresso machines
with multiple menu options. The service sector's employment growth,
especially in corporate offices, has fueled market expansion.
However, the COVID-19 pandemic led to a decrease in demand for
office equipment, including coffee equipment and supplies. Limited
workforce offices opening in late 2021 are expected to revive
demand, particularly for coffee supplies.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Office and Commercial Coffee Equipment and Supplies market
encompasses a wide range of products, including commercial coffee
makers, brewing technologies, and self-service alternatives. Coffee
consumption is a significant driver in this market, with specialty
and premium coffee becoming increasingly popular. Café culture
continues to influence the demand for high-quality coffee-making
technology, leading to the emergence of energy-efficient models and
smart coffee machines. Office coffee services are a key segment,
offering manual, semi-automated, and fully automated options to
cater to various business needs. Additionally, food stalls and
beverage vending machines provide convenience for consumers, while
hotels and restaurants, specialty stores, supermarkets, and online
stores offer diverse sales channels. Caffeine, a stimulant, is
known to combat lethargy and enhance mental acuity, energy levels,
stamina, and cognitive function, making coffee a productivity
enhancer in professional settings.
Market Research Overview
The Office and Commercial Coffee Equipment and Supplies market
encompasses a wide range of products designed to cater to various
business needs. These include coffee machines, filters, cups, lids,
stirrers, and other related accessories. Coffee equipment can vary
from simple drip coffee makers to advanced automatic machines
offering multiple brewing options. Supplies consist of disposable
items like filters, cups, and lids, as well as reusable options.
The market also includes services such as installation,
maintenance, and repair. The demand for these products is driven by
the growing popularity of coffee culture and the need for
productivity in workplaces. Additionally, the trend towards
sustainability is leading to an increase in demand for eco-friendly
coffee supplies. Overall, the Office and Commercial Coffee
Equipment and Supplies market is a dynamic and evolving industry
that caters to the diverse needs of businesses.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Offices
- Foodservice Restaurants And Convenience Stores
- Healthcare And Hospitality
- Education
- Others
- Distribution Channel
-
- Geography
-
- Europe
- APAC
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio