Global Electric Cocktail Maker Market Size
| Study Period | 2023 - 2029 |
| Market Size (2024) | USD 9.29 Billion |
| Market Size (2029) | USD 12.23 Billion |
| CAGR (2024 - 2029) | 5.67 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Global Electric Cocktail Maker Market Analysis
The Global Electric Cocktail Maker Market size is estimated at USD 9.29 billion in 2024, and is expected to reach USD 12.23 billion by 2029, growing at a CAGR of 5.67% during the forecast period (2024-2029).
In recent years, the electric cocktail-making machine market has witnessed a surge in growth and innovation. The increasing demand for convenient and efficient cocktail preparation propels this momentum. These machines are revolutionizing the landscape, offering a streamlined solution for commercial establishments and home users.
A notable catalyst for this market growth is the burgeoning trend of home mixology. A desire for personalized and immersive dining and entertainment experiences fuels this trend. Electric cocktail-making machines are positioned to meet this demand. They empower users to craft professional-grade cocktails effortlessly, eliminating the need for extensive bartending skills or specialized equipment.
Notably, establishments like bars, restaurants, hotels, and event venues swiftly embrace electric cocktail-making machines in the commercial sector. These machines bolster efficiency, curtail labor costs, and streamline beverage service. Bartenders can whip up cocktails swiftly and consistently, even during peak hours. Moreover, these machines open avenues for menu innovation and customization, catering to the diverse preferences of their patrons.
Technological advancements have been vital in driving the growth of electric cocktail-making machines. Manufacturers are integrating features like touchscreen interfaces, recipe libraries, programmable settings, and connectivity options. These innovations enhance the user experience, simplify operations, and facilitate recipe management. Consequently, electric cocktail-making machines are becoming more accessible and appealing to a broader audience.
Global Electric Cocktail Maker Market Trends
The Electric Cocktail Machine Market Thrives in Commercial Applications
The electric cocktail machine market is witnessing robust growth in commercial applications, driven by the rising demand for efficient and consistent beverage service. Bars, restaurants, hotels, and event venues increasingly rely on these machines to streamline operations, boost productivity, and ensure cocktail quality and consistency.
One of the primary growth catalysts in the commercial industry is the emphasis on efficiency and cost reduction. Electric cocktail machines empower bartenders to swiftly and consistently craft cocktails, even during peak hours. This not only enhances service speed but also elevates customer satisfaction. By automating tasks like mixing, muddling, and garnishing, these machines free up bartenders to focus on other responsibilities, fostering better customer interactions.
Also, electric cocktail machines open avenues for menu innovation and customization. Equipped with programmable settings, recipe libraries, and user-friendly touchscreen interfaces, these machines simplify recipe management and experimentation. This empowers bartenders to craft signature cocktails and seasonal specials, catering to diverse customer preferences.
The North American Electric Cocktail Maker Market Surges on the Back of Technological Advancements and a Thriving Hospitality Industry
North America's electric cocktail maker market is witnessing a rapid surge, driven by a rising appetite for convenient and efficient cocktail preparation, technological advancements, and a buoyant hospitality industry. The introduction of cutting-edge features like touchscreen controls, mobile app integration, and smart home systems connectivity has transformed the cocktail-making process and elevated the overall user experience.
Moreover, the growing trend of home bartending is further propelling the market as individuals aim to recreate the ambiance of a bar in their own homes. There is a notable shift toward automated cocktail-making solutions in the commercial realm, be it bars, restaurants, hotels, or clubs. These solutions are being embraced to bolster efficiency, minimize wait times, and ensure consistent drink quality.
North America's cocktail culture is a tapestry of diverse flavors, with regional nuances and individual preferences crucial in determining the demand for electric cocktail makers. Manufacturers are responding by offering a mix of pre-programmed recipes and customizable options, catering to local tastes and amplifying customer satisfaction.
Global Electric Cocktail Maker Industry Overview
The market for electric cocktail makers is consolidated yet dynamic and diverse, with a combination of established players, emerging startups, and niche manufacturers competing for market share. Key players in the market include Bartesian, Keurig Drinkworks, Hamilton Beach Brands Inc., Margaritaville, and Barsys.
Global Electric Cocktail Maker Market Leaders
-
Bartesian
-
Keurig Drinkworks
-
Hamilton Beach Brands, Inc.
-
Margaritaville
-
Barsys
*Disclaimer: Major Players sorted in no particular order
Global Electric Cocktail Maker Market News
- January 2024: Bartesian, a prominent home cocktail maker, forged a strategic, multi-year alliance with iHeartMedia, a dominant force in US audio media and a global podcast publisher. This collaboration empowers Bartesian to tap into iHeartMedia's expansive multi-platform network, which boasts an impressive monthly listenership of 250 million. Additionally, Bartesian gains access to iHeartMedia's high-profile experiential events, enabling it to introduce innovative home cocktail makers to a wider audience.
- January 2024: Frazy made a big impact with the introduction of FrazyBot, an innovative robotic beverage machine. FrazyBot stands as the world's first of its kind, enabling users to effortlessly concoct a range of personalized specialty drinks, including coffee, cocktails, tea, boba, and more, all at the touch of a button, right in the comfort of their homes.
Global Electric Cocktail Maker Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Trend of Home Mixology
4.2.2 Rising Demand for Home Entertainment
4.3 Market Restraints
4.3.1 High Price May Limit their Adoption Among Price-Sensitive Consumers
4.3.2 Limitations in Terms of Customization Options
4.4 Market Opportunities
4.4.1 Continued Innovation in Product Design, Features, and Functionality
4.4.2 Partnerships with Beverage Companies, Mixologists, and Other Industry Stakeholders
4.5 Value Chain Analysis
4.6 Industry Attractiveness: Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements in the Industry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Semi-automatic
5.1.2 Fully Automatic
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Spain
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Bartesian
6.2.2 Keurig Drinkworks
6.2.3 Hamilton Beach Brands Inc.
6.2.4 Margaritaville
6.2.5 Barsys
6.2.6 Alchema
6.2.7 MixStik
6.2.8 Mixologiq
6.2.9 Somabar
6.2.10 Breville*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
Global Electric Cocktail Maker Industry Segmentation
The electric cocktail maker market is segmented by type, application, distribution channel, and geography. By type, the market is segmented into semi-automatic and fully automatic. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into online and offline. By geography, the market is segmented into North America, South America, Asia-Pacific, Europe, and the Middle East and Africa. The report offers the market sizes and forecasts for the electric cocktail maker market in terms of value (USD) for all the above segments.
| By Type | |
| Semi-automatic | |
| Fully Automatic |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Online | |
| Offline |
| By Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Global Electric Cocktail Maker Market Research FAQs
How big is the Global Electric Cocktail Maker Market?
The Global Electric Cocktail Maker Market size is expected to reach USD 9.29 billion in 2024 and grow at a CAGR of 5.67% to reach USD 12.23 billion by 2029.
What is the current Global Electric Cocktail Maker Market size?
In 2024, the Global Electric Cocktail Maker Market size is expected to reach USD 9.29 billion.
Who are the key players in Global Electric Cocktail Maker Market?
Bartesian, Keurig Drinkworks, Hamilton Beach Brands, Inc., Margaritaville and Barsys are the major companies operating in the Global Electric Cocktail Maker Market.
Which is the fastest growing region in Global Electric Cocktail Maker Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Electric Cocktail Maker Market?
In 2024, the North America accounts for the largest market share in Global Electric Cocktail Maker Market.
What years does this Global Electric Cocktail Maker Market cover, and what was the market size in 2023?
In 2023, the Global Electric Cocktail Maker Market size was estimated at USD 8.76 billion. The report covers the Global Electric Cocktail Maker Market historical market size for years: 2023. The report also forecasts the Global Electric Cocktail Maker Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Electric Cocktail Maker Industry Report
Statistics for the 2024 Global Electric Cocktail Maker market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Electric Cocktail Maker analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
