The domestic electric coffee or tea makers market in the UK showed significant fluctuation between 2013 and 2023. Starting at 139.86 million Euros in 2013, it peaked at 224.79 million Euros in 2023. Growth was particularly strong in the early and later parts of the decade, with significant declines in some mid-decade years. The most recent year-on-year growth was 2.8%, following a 0.92% rise in 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) remained steady at 3.53%.
Future trends to watch for:
- Emerging technologies such as IoT integration and smart home compatibility in coffee or tea makers.
- Shifts in consumer preferences towards energy-efficient and environmentally friendly appliances.
- Potential impact of economic factors and consumer spending patterns on the demand for luxury vs. basic models.
- Growth in online sales channels, which could alter market dynamics and competition.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 816,890,000 | 2023 | +1.97% | +1.74% | View data |
| 2 | 2 United Kingdom | 224,790,000 | 2023 | +2.8% | +3.53% | |
| 3 | 3 France | 182,590,000 | 2023 | -4.07% | -3.63% | View data |
| 4 | 4 Spain | 147,750,000 | 2023 | +1.17% | +1.85% | View data |
| 5 | 5 Denmark | 52,919,000 | 2023 | +1.36% | +2.24% | View data |
