Increasing demand for cashless transactions and connected solutions is anticipated to drive the Europe intelligent vending machine market growth. These machines offer flexibility, easy accessibility, low operational & maintenance costs, and increased effectiveness over traditional dispensing machines in the region. According to the European Vending & Coffee Service Association (EVA), there are around four million vending machines in the region. The installation of these machines is growing at a rapid pace in European countries owing to the rise in the adoption of modern technologies to serve customers in different industry verticals.
Rise in the e-commerce sector growth in the region is driving the demand for automated retail solutions, which is predicted to drive the Europe intelligent vending machine market demand. The online retailers are focusing on delivering products quickly and conveniently to their customers. They are increasing the investments in intelligent vending machines as these machines help them to enhance the online shopping experience by allowing their customers to shop online and distribute products through vending machines. This modern retailing technique is anticipated to drive the Europe intelligent vending machine market growth.
Beverage vending machines are experiencing high demand in the Europe intelligent vending machine market owing to the increasing transformation of retail outlets to mechanized stores. The retailers are incorporating these machines in the outlets to provide effective solutions to save waiting time for their customers. Several countries including Germany, Sweden, the UK, France, and Italy are introducing various digitization initiatives in the payment process. Moreover, the European government is investing highly in smart digitization technologies to encourage the adoption of cashless payment techniques. Such initiatives are anticipated to encourage the players to develop advanced solutions to support cashless payments.
Increasing adoption of modern technological solutions in the corporate sector will drive Europe intelligent vending machine market growth. The companies are installing these machines for providing their employees healthy snacks and refreshments. Several players are offering workplace-specific vending machines to corporates for helping them to achieve effective employee engagement. For instance, Selecta TMP AG, a Europe-based beverage and snack vending machine provider is offering a fully managed hot drink vending solution that helps the businesses to store & manage the products.
Key players operating in the Europe intelligent vending machine market are Fresh Healthy Vending International, Fuji Electric Ltd., Royal Vendors, Azkoyen Group, Crane Co. Ltd., Bianchi Vending Group S.p.A, and N&W Europe Vending S.p.A.. The players in Europe intelligent vending machine market are targeting the demands of customers and adopting several strategies to capture widespread customer base in the Europe intelligent vending machine market. Moreover, manufacturers are attracting customers by integrating different innovative features into their vending solutions such as mobile connectivity, NFC or card payment, and remote monitoring & maintenance. For instance, AAEON is offering a smart vending solution, Brainy that provides operators different features such as smart stocking control, hardware maintenance, intelligent payment option, and target marketing.