• In recent years, the proportion of freshly brewed coffee and espresso in the Chinese coffee market has gradually increased, and consumers have gradually developed the consumption habit of purchasing coffee beverages.
• As of mid - September 2023, the total number of coffee retail stores in China was approximately 171,000, with a net increase of 43,000 in the past year.
• More than 70% of coffee shops are located in first - and second - tier cities. There is still significant room for penetration in third - and fourth - tier cities, and the commercial coffee machine market will further expand.
Currently, for commercial coffee machines, vane pumps
At present, most of the commercial coffee machine pumps on the market are imported vane pumps. Such products have a relatively high price and a long supply cycle, and there is an urgent need for domestic substitution.
Spherical coffee pump
While the spherical pump meets the technical specifications of the pump for commercial coffee machines, it is expected to have a significant price advantage compared with imported rotary vane pumps, and the delivery cycle will also be shorter than that of overseas manufacturers. It also has the advantages of small size and complete independent intellectual property rights at home and abroad.