What is Portable Espresso Machine Market?
The espresso machine is an electronic equipment used to prepare the various types of espresso coffee. These machines said portable as they can be carried anywhere. The portable espresso machine enables users to prepare several types of espresso coffees in a short period of time. These machines are widely used in restaurants, homes, and mainly in the cold-climatic areas where people need hot coffee at any time of the day. As per an estimation, the Australian coffee market is among the largest in the world amounted to USD ~1.4 billion in 2017. The rising demand for automatic portable espresso machines will drive the market growth in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Handpresso SARL (France), Wacaco Company Limited (Hong Kong), De'Longhi S.p.A (Spain), Jura Elektroapparate AG (Switzerland), Koninklijke Philips N.V. (Netherlands), Melitta (Germany), La Marzocco (Italy), Nestlé Nespresso S.A. (Switzerland), Ali Group (Italy), Gruppo Cimbali (Italy), Nuova Simonelli (United States), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Mr. Coffee (United States), Simens AG (Germany), Keurig (United States), Hamilton Beach Brands Holding Company (United States), Staresso (China), La Pavoni (Italy) and ROK Coffee (United Kingdom) |
CAGR | % |
The market study is being classified by Type (With Pressure Gauge , No Pressure Gauge and Others), by Application (Individual/Household and Commercial) and major geographies with country level break-up.
Handpresso SARL (France), Wacaco Company Limited (Hong Kong), De'Longhi S.p.A (Spain), Jura Elektroapparate AG (Switzerland), Koninklijke Philips N.V. (Netherlands), Melitta (Germany), La Marzocco (Italy), Nestlé Nespresso S.A. (Switzerland), Ali Group (Italy), Gruppo Cimbali (Italy), Nuova Simonelli (United States), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Mr. Coffee (United States), Simens AG (Germany), Keurig (United States), Hamilton Beach Brands Holding Company (United States), Staresso (China), La Pavoni (Italy) and ROK Coffee (United Kingdom) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Portable Espresso Machine market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Portable Espresso Machine market by Type, Application and Region.
On the basis of geography, the market of Portable Espresso Machine 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Awareness About The Health Benefits Of Coffee
- Rapid Adoption Of Espresso Machines In Restaurants
Market Trend
- Growing Preference For Portable and Easy to Carry Espresso Machines
Restraints
- High Cost of Portable Espresso Machines
Opportunities
- Rapidly Growing Market For Ready-To-Drink (RTD) Beverages Including Instant Coffee
- Increasing Focus Of Manufacturers Towards Technological Advancements
Challenges
- Availability Of Substitutes And Counterfeit Products
In January 2020, Wacaco launched The Pipamoka, portable filter coffee maker to give coffee lovers an all-in-one coffee travel experience. This product use first-of-its-kind twisting mechanism to create vacuum pressure to make a balanced coffee in two minutes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Portable Espresso Machine Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry