Europe Vending Machine Market Overview
Since they are a handy point of sale and are about the size of a one-square-meter shop, vending machines are widely available. While the majority of the machines are found in businesses and offices, the remainder are dispersed throughout public spaces such as public libraries, bus stops, airports, and gas stations. Bean-to-cup espresso machines have replaced hot beverage machines in recent years, providing specialized and premium coffees. While filter coffee is becoming less and less popular in Europe, there is still a significant market for coffee beans and capsules. In the UK, coffee consumption in offices has increased significantly in recent years.According to a TopBrewer blog post from 2019, office coffee consumption in Europe has grown by more than 6% annually on average throughout the previous three years. It is anticipated that this tendency would continue in the upcoming years. Some other European nations exhibit a marked increase in the amount of coffee consumed in offices. In Northern Europe and several Eastern European nations, such Poland and the Czech Republic, this tendency is especially prominent. It is anticipated that these factors would propel the market's expansion in the upcoming years.
Growth Factors in the Europe Vending Machine Industry
Increasing Convenience
The market for vending machines is mostly being driven by consumers' growing preference for simple, fast transactions. By giving users round-the-clock access to a wide range of consumer goods, these devices facilitate a smooth shopping experience and eventually remove the need for human interaction. Furthermore, there is a growing global need for vending machines due to the increase of commercial venues including hotels and motels, retail stores, and manufacturing facilities. For instance, numerous other businesses from a range of industries are growing by setting up vending machines all over the world. For example, the Swedish vending machine manufacturer RVM Systems stated in May 2022 that it will install a line of reverse vending machines that had a capacity of 100 containers. These devices are primarily meant to encourage responsible canning of beverage cans and the discarding of unwanted plastic bottles. Incentives such as ActiveSG credits and shopping rewards are also given out by these machines.The Increase in Food Product Demand Owing to hectic lifestyles and the use of vending machines to improve shopping
For customers looking to buy food and drinks, vending machines are a particularly convenient option because of their portability and quick delivery. The need for easily accessible food has grown in recent years as a result of urbanization, busy lifestyles, and similar consumer habits. As a result, there is a sharp increase in the demand for vending machines, especially in public spaces like offices and businesses. Vending machines sell non-food items such as tickets, stamps, newspapers, toiletries, and other minor items. Additionally, the demand for vending machines has grown as they offer more digital and cashless payment options than traditional cash purchases.
Based on the Internet of Things, manufacturers are creating and releasing vending machines (IoT). This has made it possible to gather data in real-time and provide a complete Internet of things solution for better machine monitoring. As a result, gathering customer feedback and expectations has gotten easier, and customers now enjoy better shopping experiences. The industry has been forced to respond to shifts in consumer behavior by offering more modern, mobile solutions due to ongoing innovation and technical breakthroughs. Furthermore, improvements like speech recognition, interactive displays, and big data integration have improved user-friendliness and convenience for customers using vending machines, which has positively impacted demand for these devices.
Italy Vending Machine Market:
The country with the largest revenue share was Italy. When it comes to the total number of vending machines in place, it is the top nation. Furthermore, ongoing technological and design innovation promotes market expansion. Confida claims that coffee is the most popular item sold via vending machines. Furthermore, the industry will expand due to consumers' increasing desire for premium coffee, which may be obtained through vending machines that grind the beans and serve freshly ground coffee upon payment. Moreover, vending machines are being installed in commercial spaces in Italy in greater and greater numbers.These vending machines are attracting a lot of customers who are shopping for weekly groceries and pantry replenishments. Loaves of prepackaged bread, fruit drinks, chocolate bars, and packs of sliced salami are just a few of the many items that these machines sell. Vending machine adoption is expected to increase significantly in France, particularly in the country's fresh food industry, and the country is expected to post a substantial CAGR in this regard. These devices have a number of benefits, including the ability to serve hot food continuously and the ability to handle hygienic concerns because the food is contactless. Fresh and hot food vending machines are becoming more and more popular, and as a result, there is a progressive increase in demand for these machines in public and commercial settings including banks, offices, commercial buildings, schools, and subways.
Europe Vending Machine Market Company Overview
Some of the industry leaders seen in the Europe Vending Machine Market Includes Honeywell International Inc., Selecta, Aramark Corporation, Azkoyen Group, ventopay GmbH, Nayax Ltd., WorldlineEurope Vending Machine Market News
In September 2021, at its facility in Parchim, Germany, Danfoss, a producer of power-sustaining equipment such as motors, compressors, valves, pumps, and drives, has added a second Orsymatvending machine from Würth IndustrieService GmbH & Co. In addition to supplementing the existing equipment at the location, the OrsymatWGT dispenses personal protection equipment. Using integrated weighing cells, the unit's weighing mechanism recognizes the removal of an item and permits the removal of individual objects without packaging.In July 2021, Bristol, UK-based Costa Coffee, a network of coffee shops owned by Coca-Cola, started testing new self-serve machines for hot and cold beverages. More than 500 hot and cold beverages, such as cappuccino, iced vanilla latte, and iced fruit cordials, are available for purchase from the new Costa Express hot and cold beverage machines. A business claims that The Coffee Express Hot & Iced Drinks Machine is the first integrated self-service coffee maker in the world that can offer both hot and cold beverages.
Type - Market breakup in 2 viewpoints:
1. Smart2. Traditional
Application - Market breakup in 4 viewpoints:
1. Commercial Places2. Offices
3. Public Places
4. Others
Payment Mode - Market breakup in 2 viewpoints:
1. Cash Payment2. Cashless Payment
Country - Market breakup in 9 viewpoints:
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
- Rest of Europe
Key players have been covered from 4 Viewpoints:
1. Overview2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insight
Company Analysis:
1. Honeywell International Inc.2. Selecta
3. Aramark Corporation
4. Azkoyen Group
5. ventopay GmbH
6. Nayax Ltd.
7. Worldline
Table of Contents
Companies Mentioned
- Honeywell International Inc.
- Selecta
- Aramark Corporation
- Azkoyen Group
- ventopay GmbH
- Nayax Ltd.
- Worldline
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | October 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 18.6 Billion |
Forecasted Market Value ( USD | $ 40.26 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Europe |
No. of Companies Mentioned | 7 |