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The maker of German TV brand Loewe will launch a $3995 European coffee machine into the Australian market, developed in partnership with Italian company Grimac.
Not only does this machine heat cups and water, it also has a closed-top bean grinder. The Australian coffee machine market is expected to generate revenue of more than A$277 million, with a growth rate of 2.25%. Another research firm expects the Australian automatic coffee machine market to grow at a CAGR of 5.77%.
Australians’ appetite for high-quality coffee continues to grow, resulting in record sales for brands such as Jura on JB Hi Fi. By 2028, the sales volume of the coffee machine market is expected to reach 1.1 million units.
(Source: channelnews Image source: unsplash)
