The global office and commercial coffee equipment and supplies market is expected to post a combined annual growth rate of nearly 5% during 2019-2023, according to UK-based market research firm Technavio.
The growing adoption of automatic dispensing machines in the corporate sector has increased the demand for hot beverages, which has also augmented the need for coffee beans, according to researchers. Vendors in the market are offering a wide range of advanced coffee dispensing machines based on the use in commercial spaces. Business expansion plans by several companies, hotels, and restaurants have enhanced the growth of the working population, which has increased the popularity of automatic coffee dispensing machines.
The office segment is the largest revenue contributor to the market with a market share of more than 49%, followed by food service, restaurants, and convenience stores, healthcare and hospitality, and education.
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