Portable Coffee Makers Market Players, Drivers, Revenue And Forecast to 2032
Portable Coffee Makers Market overview
Over
the forecast period, the portable coffee makers market is estimated to gather
USD 8.520517717 billion by 2032 at 6.34%.
Coffee
is a beverage consumed by most of the population across the world. People like
to have coffee cold and hot according to their preference. Coffee machines are
the type of appliances that are used to brew coffee. These machines work on
various brewing processes and are also helpful in saving time. It is used in
major household, office, and commercial applications. The rising consumption of
coffee in numerous world regions is a vital factor escalating the portable
coffee makers market growth. People changing their lifestyles and consuming healthy
products drive the market forecast period.
The
rise of technology and modernization will propel the market in the forecast.
The maker is mostly used in offices, but the Portable Coffee Makers Market was
negatively affected due to the pandemic and work from the home norm. The high
maintenance cost and the increased price of the machines would hinder the
market, creating a major challenge.
Industry news
The Wacaco
Cuppamoka Pour-over Coffee Maker comes with a 10-ounce stainless steel
travel mug, a no-spill lid, a built-in coffee dripper, a scoop, and 10 cone
paper filters. The maker is available on Amazon and is great for campaigns or
trips.
Market segmentation
The
market is categorized into several types. The major types of the Portable
Coffee Makers Market are Category, type, end-user, and distribution channel.
Based on the type, the market is divided into Manual and Automatic. With the
use of advanced technologies everywhere, whether commercial or residential, the
automatic segment will dominate the market in the forecast period. The Category
of the market is Premium and Mass-Market. The market's premium segment is expected
to hold the largest CAGR in the forecast period.
The
sub-segments of the End-Use are Household, Out-of-Home, Food Service, and
Corporate. The corporate segment will register the peak growth rate of the
market owing to the high use of the coffee makers in the corporate offices to
release the employees' stress. The Distribution Channel of the Portable Coffee
Makers Market is Store-Based {Supermarkets & Hypermarkets, Specialty
Stores, and others} and Non-Store-Based. The store-based segment will have tremendous
market growth in the coming years.
Regional analysis
The
key
portable coffee makers market players is analyzed in North America,
Asia Pacific, Europe, and the rest of the world. Europe is the key region for
market growth as the region contributes the most portable coffee maker. In 2022
the region registered a 54.36% market share. Europe consists of a large consumer
base in the market. The market is expected to record a 6.89% growth rate from
2023 to 2032. It is attributed to the growing demand for easily available
appliances that are lightweight and compact in North America, which contributes
to market growth.
The
regular launch of products in the European region will grow the market
register. The Asia Pacific will also be showcasing significant market growth as
japan, china, and India are the major markets for coffee due to the exponential
rise in coffee consumption. Some of the other factors of the market that is
driving the market growth are per capita income, rapid urbanization, and rising
demand for soft drinks will drive the market growth in the region. Other
Portable Coffee Makers Market regions are also expected to register growth.
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