Market overview
The portable coffee machine industry is projected to reach USD 5.9 billion by 2030, with a forecasted growth rate of 6.34% during the same period.
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 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. Over the forecast period, the market is estimated to gather USD 5.9 Billion by 2030 at 6.34%.
Regional analysis
The Portable Coffee Makers Market is analyzed in North America, Asia Pacific, Europe, and the rest of the world. Europe Portable Coffee Makers Market is the key region for market growth as the region contributes the most portable coffee maker. In 2018 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 2019 to 2025. 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.
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 Key Portable Coffee Makers Market Players growth in the coming years.
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.
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