GROWING BUSINESS OPPORTUNITIES IN ASIA-PACIFIC The business scene in countries like China, India, and Indonesia is buzzing with activity as more and more companies are sprouting up, leading to a notable surge in the availability of office spaces. These are not your typical offices; they come equipped with modern conveniences such as Wi-Fi, meeting rooms, break areas, and conference rooms. In India, for instance, there has been a remarkable increase in the leasing of large office spaces, soaring from around 13 million sq. ft in 2018 to an impressive 50 million sq. ft. These offices in the Asia-Pacific region are not just places for work; they are designed to be enjoyable spaces. Many corporate offices in these countries are incorporating recreational facilities like games, vending machines, and modern kitchens stocked with the latest appliances, including coffee and tea machines, microwaves, refrigerators, and cooktops, ensuring that employees have all the amenities they need. The hospitality industry in South-East Asia, covering regions like Thailand, is experiencing rapid growth. In Thailand, tourism and hotels contributed to 9% of the country's total economic output (GDP) in 2018. This swift expansion is expected to boost the demand for coffee machines, both portable ones and the regular ones, in the country. As more businesses flourish and new companies emerge in developing nations, promising opportunities are emerging for companies involved in the manufacturing of portable coffee makers. This trend is anticipated to persist, creating a favorable landscape for companies operating in the global portable coffee makers market. The increasing focus on modern and well-equipped office spaces, combined with the growing demand for coffee-related amenities, is shaping the market dynamics and offering a window of opportunity for businesses in the portable coffee makers sector.
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Segment Outlook | Type, Technology, End-user, Distribution Channel, and Region |
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