BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia Automatic Coffee Machine Market size at USD 31.35 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Australia Automatic Coffee Machine Market size to grow at a CAGR of 5.77% reaching a value of USD 41.2 million by 2029. The introduction of integrated technology, such as touch screens, Wi-Fi, and timer features, and changing lifestyles are major growth factors for the Australia Automatic Coffee Machine Market. Additionally, it is anticipated that the growth of commercial and industrial establishments, including hotels and restaurants, will significantly contribute to the growth of Australia Automatic Coffee Machine Market during the period in analysis.
Opportunity: Spurring demand for automatic coffee machines in office premises
Convenience is one of the main benefits of fully automatic coffee makers. Fully automatic coffee makers are not only convenient, but they can also improve team member collaboration. Spending time together over the coffee maker allows coworkers to interact, exchange ideas, and develop bonds. Furthermore, having fully automatic coffee makers in a well-equipped office coffee room can improve the atmosphere at work. Businesses are providing their staff with coffee selections demonstrating concern for their comfort and well-being. Due to this growing trend, an increasing number of offices install automatic coffee makers on their premises. It, in turn, is expected to fuel the growth of Australia Automatic Coffee Machine Market.
Australia Automatic Coffee Machine Market – By Machine Type
Based on machine type, the Australia Automatic Coffee Machine Market is segmented into super-automatic machines, fully automatic machines, semi-automatic machines, pod machines, and automatic filter machines. The semi-automatic coffee machine type accounts for the highest share of the Australia Automatic Coffee Machine Market. The semi-automatic type of coffee machines offer higher flexibility to the barista as it allows them to choose the texture and their preferred brewing method of the coffee as they are not equipped with a pre-set time for shots.
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Impact of Escalating Geopolitical Tensions on Australia Automatic Coffee Machine Market
The escalating geopolitical tensions across the regions may affect the growth of the Australia Automatic Coffee Machine Market. For instance, Russia’s unprovoked attack on Ukraine, which led to a full-fledged war between the two countries, resulted in a significant spike in the price of fertilizers. The cost of fertilizers increased thrice, which caused a 50% decrease in total production due to a decrease in their use in coffee farming. It directly affected the quality of the coffee beans imported to Australia, which negatively impacted the coffee consumption in the country, which eventually led to a decline in the demand for the automatic coffee machines.
The recent war between Israel and Hamas had a negative impact on the expansion of the Australia Automatic Coffee Machine Market as well. Modern automatic coffee makers come with high-tech features, such as remote control with the help of IoT sensors. Israel is one of the leading producers and suppliers of these sensors. Unfortunately, the war caused disruptions in the supply chain and production of these sensors, which limited the market growth of automatic coffee makers by impeding their ability to manufacture their products.
Competitive Landscape
Major players operating in the Australia Automatic Coffee Machine Market include De’Longhi, Jura, Breville, Sunbeam, Moccamaster, Boema, and Espresso Company Australia Pty Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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