Portable Coffee Makers Market Report, Revenue Analysis, PEST, Region & Country Forecast, 2022-2030

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Market overview

The portable coffee makers market is growing rapidly due to increasing demand for convenience and portability. The market is driven by the growing demand for single-serve coffee makers and the rising demand for specialty coffees. Consumers are increasingly opting for convenient and cost-effective coffee making products that can be easily carried around in their backpack or pocket. The increasing demand for single-serve coffee makers is a major factor driving the growth of the market. These machines are compact, lightweight and easy to use. As they are battery operated, they are ideal for people who are constantly on the move. Moreover, they are available at an affordable price. The increasing demand for specialty coffees, such as cappuccino and latte, is also driving the market. Consumers are willing to pay a premium for these specialty coffees, as they are considered to be of higher quality than regular coffees. The market is also being driven by the increasing popularity of pod-based coffee machines. These machines are easy to use and require minimal setup. This has made them a popular choice for those who want to enjoy a good cup of coffee without the hassle of grinding and tamping.Over the forecast period, the market is estimated to gather $ 5.9 Billion by 2030 at 6.34%.

Market segmentation

The market is categorized into several types. The major types of the Portable Coffee Makers Market Research 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 Portable Coffee Makers Market Report 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 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 2030. 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.

Competitive Analysis

The major corporations in the market are estimated to engage in strategies that will fortify and enhance their global position through mergers and new product launches. The improved spending by businesses on research and development is estimated to spur the market's advance further. The market is projected to see a turbulent growth phase ahead as the return to normalcy may occur in a staggered manner. Many countries are lifting or imposing lockdown measures intermittently, which may lead to slower market progress. Governments worldwide are expected to amplify as they are motivated to get the economic recovery back on track. The investment in developing e-commerce channels as well as the distribution network is predicted to accelerate global growth. Several countries' easing of regulatory measures is predicted to promote the market's resurgence in the upcoming years.  The advanced utilization of raw materials effectively is predicted to create avenues for development in the forecast period. The focus on sustainability-related goals is estimated to streamline the next phase of development in the global market.

The foremost players in the Key Portable Coffee Makers Market Players portable coffee machine market are Keurig Green Mountain, Inc. (the USA), Electrolux AB (Sweden), Wacaco Company Limited (Hong Kong), Newell Brands (USA), Koninklijke Philips NV (Netherlands), illycaffè SpA (Italy), Hamilton Beach Brands, Inc. (the USA), Robert Bosch GmbH (Germany), Nestlé SA (Switzerland), Dualit Limited (United Kingdom), and Handpresso Sas (France).

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.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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