Market Research Report
Europe Intelligent Vending Machine Market 2017-2023
|Published by||The Research Reports||Product code||553351|
|Published||Content info||116 Pages; 49 Tables; 63 Figures
Delivery time: 1-2 business days
|Europe Intelligent Vending Machine Market 2017-2023|
|Published: September 4, 2017||Content info: 116 Pages; 49 Tables; 63 Figures||
Europe Intelligent Vending Machine Market is an opportunistic market with tremendous opportunities. E-commerce has been a great success in most of the countries. The trend is rapidly picking up in the European markets too. The need for immediate, direct to customer distribution has grown significantly. Selling things online has not been the best option for brands aiming at delivering products to their customers as quickly as possible. Intelligent vending machines have proved to be a perfect platform for such companies, as these machines can enhance the online shopping experience by allowing customers to shop on the web and pick up products from a vending machine.
The research and analysis of the European Intelligent vending machines market forecasts that the market would reach to $5426.9 million by 2023. According to the research by European vending association, in 2015, nearly 90 million food and drink items were sold in Europe. Additionally, majority of the machines are deployed at office sites and hence, the demand of intelligent vending machines is highest across business sites.
Vending machine - Installed base and Number of vends
Installed base of vending machines have been increasing over the years. Overall vending machine base was 3.82 million in the year 2015, which was increased by 0.4% compared to the year 2014. Also, the number of vends has increased by 1.2% since 2014. The hot and cold beverage vending machines have been the major contributors to the increase in the number of vends in the region. These traditional vending machines are been upgraded by the vending operators and are popular amongst young population in the region.
The rising demand of cashless systems, and connected devices among young population across various countries have raised the deployment ratio of intelligent vending machines over traditional vending machines in the region. The analysis and forecast on intelligent vending market shows the deployment of these machines would significantly increase in the years ahead. In the year 2015, study by vending association of Europe revealed that France had the highest number of vending machines (590 thousands) in the European region. The overall intelligent vending machines machine base is also increasing since 2012, and would further grow at a rapid rate during the forecast period.
Total Installed Base - Vending Machines - 2015
The report is broadly classified into Types, Deployment sites and Geographies. Types segment is bifurcated into beverage vending, snacks / food item vending and specialized & customized vending machines. Packaged drinks are popular among all age groups across all the geographies. Beverage segment held more than half of the market share of the total market in the year 2016. Segment by deployment type comprises shopping malls, schools, retail sites, office sites, public transport sites and others. Shopping malls, schools and retail sites segment holds the highest revenue share in the overall market; however, deployment of intelligent vending machines at office sites is estimated to grow at a faster rate.
The geographic analysis of European intelligent vending machine market is carried out across Germany, United Kingdom, France and Rest of Europe (RoEU). The study reveals, that Germany hold the largest % share in the overall European intelligent vending market, followed by The United Kingdom. Percentage share of each country in European region in the year 2012 and 2016 is portrayed in the following diagram. % share of France in intelligent vending machines is observed to be increasing from 2012 to 2016. Therefore, France is the fastest growing market for intelligent vending machine.
Country wise % share of intelligent
vending machine market - 2012 and 2016
Major players in the market are adopting various strategies to sustain their positions in the competitive and dynamic vending industry. Product launch, followed by acquisitions are the two major strategies adopted by the market players. Vendors listed in the report are Crane Co., Fuji Electric, Bianchi Vending Group S.p.A., Fresh Healthy Vending International, Glory Ltd, Royal Vendors, N&W Europe Vending S.p.A., Azkoyen Group, Rhea Vendors Group and FAS International S.p A.
Insights on market strategies would help existing players to adopt new developments, strategically invest and improve their revenue share in intelligent vending machine market. These insights would also help the new entrants to identify and choose disruptive strategies to enter the dynamic and opportunistic market.
* Figure 1: Interviews with operators, vending industry suppliers & experts and country vending associations by European vending association in 2015
* Figure 2: Interviews with operators, vending industry suppliers & experts and country vending associations by European vending association in 2015
* Figure 3: Analysis by The Research Reports