Europe Vending Machine Market Size And Forecast Report 2024-2032

Europe Vending Machine Market was US$ 18.60 Billion in 2023 and will grow US$ 40.26 Billion by 2032, with a CAGR of 8.96 % from 2024 to 2032. Vending machine demand is rising as a result of customers' hectic lifestyles and growing need for on-the-go food and beverages. It is also predicted that the region's growing coffee consumer base will fuel market expansion. The demand for the product is also anticipated to be driven by consumers' expanding preferences for coffee and the corporate sector's expansion throughout European nations. The European Vending & Coffee Service Association (EVA) reports that while the surviving vending machines in the region sell a variety of items, including sandwiches, cold drinks, hot meals, and snacks, the bulk of them serve hot drinks like coffee.

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 Overview:

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., Worldline

Europe 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.