The European vending machine products market was valued at USD 8.9 billion in 2021 and is expected to expand at a CAGR of 4.7% during the forecast period from 2022 to 2030. The increasing demand for quick and convenient food and beverage products is driving the growth of the market. Vending machines are devices that are used to dispense items automatically, such as snacks, beverages, cigarettes, and other items, after the customer inserts money into the machine. The growing demand for vending machines is attributed to the fact that they are convenient, help to save time, and can be used for a variety of items.

The increasing penetration of technology has enabled vending machine operators to provide customers with a better experience, including cashless payment options, online orders, and automated re-stocking of products. For instance, in April 2021, PepsiCo launched Smart Vending Machines (SVM) across the UK, enabling customers to purchase food and beverages through a touch-free payment system. The machines accept cashless payments, including contactless payments and mobile wallet payments. This has not only increased the convenience for the customers but has also enabled the operators to manage and monitor the machines remotely.

Furthermore, the emergence of smart vending machines, which are integrated with advanced technologies such as artificial intelligence (AI) and Internet of Things (IoT), is expected to create lucrative opportunities for the market. Smart vending machines not only provide customers with a convenient payment experience but also enable operators to monitor the machine remotely and collect customer data. For instance, in January 2021, Royal Vendors launched the RV-Connect-e Series, which is an Internet-connected vending machine that provides real-time access to machine performance data.

The increasing demand for healthier food options is expected to drive the demand for healthy snacks and beverages in vending machines. For instance, in April 2021, The Kraft Heinz Company launched a range of healthy snacks in the UK, targeting health-conscious consumers. The range includes premium snacks such as nut bars, dried fruit, and oat bars. Moreover, the growing number of vending machines being installed in offices and educational institutions is expected to drive the demand for snack and beverage vending machines over the forecast period. Moreover, the increasing number of hotel and hospitality properties is further expected to drive the growth of the market.

The snack food segment led the market and accounted for a share of around 25% in 2022. Increasing demand for convenient, ready-to-eat snacks among consumers has been driving the demand for vending machine products in Europe. According to a survey published by Statista, in 2019, 78% of Europeans said they snack at least once a day. Moreover, the introduction of innovative offerings such as healthy snacks, chocolates, and energy bars, have further boosted the demand for vending machine products in the region.

The beverage segment is anticipated to expand at the fastest CAGR of 9.2% over the forecast period. Increasing demand for ready-to-drink beverages such as juices, teas, and flavored waters has been driving the demand for vending machine products in Europe. According to a survey published by Institut Paul Bocuse, in 2020, 66% of Europeans said they prefer ready-to-drink beverages over traditional beverages. Furthermore, rising demand for convenience and emergence of automated and smart vending machines are other factors driving the market growth.

The supermarkets and hypermarkets segment held a major share of over 40.3% in 2022. The growth of the segment is mainly attributed to the high presence of these establishments across Europe. Supermarkets and hypermarkets offer an extensive range of vending machine products such as snacks, beverages, and confectionery. Moreover, they also provide convenience in terms of availability and selection of products as customers can choose from a variety of products according to their preferences.

The online segment is anticipated to expand at the highest CAGR of 12.2% over the forecast period. The availability of various online platforms such as Amazon and eBay has made it easier for customers to purchase vending machine products from the comfort of their homes. Moreover, the convenience of delivery and flexibilities in terms of payment modes are expected to drive the segment growth in the upcoming years. Furthermore, increasing internet penetration and rising smartphone usage are some of the major factors contributing to the growth of the segment.

The food and beverage segment accounted for the largest revenue share of 52.5% in the year 2022. The growing demand for snacks, cold drinks, and other convenience food items is driving the growth of the segment. The rising trend of snacking among the working and student population is driving the demand for vending machines. Also, the growing demand for ready-to-eat food and beverages, such as sandwiches, yogurt, and juices, is propelling the segment growth.

The non-food segment is anticipated to expand at the highest CAGR of 10.4% over the forecast period. Growing demand for non-food products such as personal care items, over-the-counter drugs, and other items is likely to boost the market in the forecasted period. Furthermore, the expanding network of vending machines, coupled with the increasing popularity of cashless payments, is driving the segment growth. In addition, the increasing trend of smart vending machines, which offer customers a wide range of products and services, is further aiding the segment growth.

Europe is anticipated to account for the largest revenue share in the coming years. This is mainly attributed to the presence of a large consumer base, increasing disposable income, and the presence of numerous players in the region. Moreover, the growing demand for healthy snack options is driving the growth of the market in the region. For instance, in January 2022, Selecta, a leading vending machine manufacturer in Europe, launched a range of vegan and organic snacks and drinks in the UK and Ireland.

The Asia Pacific is expected to witness the fastest growth in the coming years. This is mainly due to the increasing urbanization, rising disposable income, and the presence of several players in the region. Moreover, the growing demand for convenience is expected to drive the growth of the market in the region. For instance, in October 2021, the Indian vending machine manufacturer, Jainsons Electronics, launched a new range of vending machines in India.

In this part of the Europe Vending Machine Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Europe Vending Machine Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a Europe Vending Machine Products business comes from sales of vending machine products such as snacks, beverages, cigarettes, and other items. Other possible sources of profit include the sale of advertising space in the vending machines, commission from sales of third-party products, and fee-based services such as machine maintenance, delivery, and installation.

Projecting Expenses
In this section, all the regular expenses related to keeping the Europe Vending Machine Products business running will be described. The list of operating expenses includes purchasing of vending machine products, employee salaries, marketing and advertising costs, utilities, insurance policies, and others.

Some of the key companies operating in the Europe vending machine market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In May 2022, Eurocoin launched its new range of vending machines designed to reduce energy consumption and reduce downtime.

– In July 2022, Kiosk Europe launched a new range of vending machines with user-friendly interfaces and improved security features.

– In August 2022, Crane Co. launched a new range of vending machines with the latest technology and improved aesthetics.

Some of the prominent players in the Europe vending machine market include:

– Sanden International
– Crane Co.
– Jofemar
– Eurocoin
– Westomatic
– A1 Automation
– Kiosk Europe
– Vendotek
– Azkoyen Group
– N&W Global Vending

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Europe Vending Machines market based on product, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Beverages
– Food
– Cigarettes
– Others

2. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Automatic
– Semi-automatic

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Drivers of the Europe Vending Machine Products Market?
[A]: The major drivers of the Europe vending machine products market include the rising demand for convenient and fast food, increasing consumption of beverages, and the increasing penetration of cashless payment. The rising popularity of automated retail solutions, such as vending machines, is also expected to drive the Europe vending machine products market over the forecast period.

[Q]: Who are the Leading Players in the Europe Vending Machine Products Market?
[A]: Prominent players in the Europe vending machine products market include SandenVendo, Crane Co., Coinco, N&W Global Vending, Westomatic, and FAS International.

[Q]: What are the Key Factors that are Restraining the Growth of the Market?
[A]: The high cost of installation, low acceptance of cashless payments, and the lack of awareness of vending machines among consumers are expected to hamper the market’s growth.

[Q]: What are the Major Opportunities in the Europe Vending Machine Products Market?
[A]: The rising demand for healthy products, the increasing number of shopping malls, and the increasing focus on providing efficient services are expected to create lucrative opportunities for the Europe vending machine products market.

[Q]: What is the Current Market Size of the Europe Vending Machine Products Market?
[A]: The Europe vending machine products market was estimated to be valued at USD 3.2 billion in 2019 and is expected to reach USD 5.4 billion by 2027, at a CAGR of 6.8% over the forecast period.