Single Serve Coffee Maker Market Scope
Millennials' attraction towards Coffee has boosted the market growth mainly in the field of home, offices, and others globally. and Single-serve coffee makers are traditionally used in combination with coffee pods or capsules. With the increasing popularity of the product, there are several designs of the product that is boosting the market growth in the future. The market is highly driven by increasing usage of single-serve coffee in households, especially in North American and European regions.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Single Serve Coffee Maker market throughout the predicted period.
Nestlé S.A. (Switzerland), Keurig Dr Pepper Inc. (United States), Bunn-O-Matic Corporation (United States), Sunbeam Products (United States), Luigi Lavazza S.p.A. (Italy), De'Longhi S.p.A (Italy), Keurig Green Mountain, Inc. (United States) and Takeya USA (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Single Serve Coffee Maker market by Type (8 oz, 10 oz, 12 oz and More Than 12 oz), by Application (Commercial, Office, Household and Other) and Region with country level break-up.
On the basis of geography, the market of Single Serve Coffee Maker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In September 2019, Gruppo Smeg Domestic Appliances Manufacturer Acquired La Pavoni. This Acquisition Has Brings The Mutual Affinities With Great Design, Products Types, And So On. This Merger Will Help The Organization To Expand Their Business And Serving The Service To New And Old Customers.
"European test standard applicable to non-tertiary coffee machines and refers specifically to domestic coffee machines. EN 13248:2002 - Coffee makers for domestic use with an independent heat source. This standard focuses only on traditional Moka pot appliances with independent heating systems. Energy consumption is not considered. This standard deals with the following topics: normative references, terms and definitions, requirements, tests, marking and labelling, instructions for use and maintenance."
Market Trend
- Introduction of Single Serve Coffee Maker with Different Designs and Styles
Market Drivers
- Continuously Increasing Consumption of Coffee Across the World
- Rising Disposable Income and Growing Youth Population in Developing Economies
Opportunities
- Rapid Expansion of Coffee Culture
- Increasing the Use of Single Serve Coffee Maker in Household
Restraints
- High Cost Associated With Coffee Makers
Challenges
- Competition between Key Players with New Technologies
Key Target Audience
Single Serve Coffee Maker Manufacturers, Single Serve Coffee Maker Suppliers, Research organizations and consulting companies, Organizations, associations and alliances related to coffee machine manufacturing, Government bodies such as regulating authorities and policymakers., Industry associations and Market research and consulting firms