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Europe Intelligent Vending Machine Market size worth over $11bn by 2025
Published Date: 2019-07-09
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According to the Graphical Research new growth forecast report titled “Europe Intelligent Vending Machine Market Size, By Product (Beverage, Food, Tobacco), By Application (Retail Sites, Public Transport Hubs, Offices/Institutions), 2019-2025”, estimated to cross USD 11 billion by 2025.
Rise in economic condition and urbanization in countries including Germany, the UK, and France is accelerating the adoption of modern technological solutions to enhance service offerings of businesses, thereby propelling the Europe intelligent vending machine market growth. The manufacturers are incorporating modern technological features, such as ID card identification, face recognition systems, and iris recognition, to improve the security of vending systems and products. These technologies help to validate the user credentials to avoid the chances of robberies and thefts, driving the Europe intelligent vending machine market demand.
Food dispensing solutions are experiencing high growth in the Europe intelligent vending machine market. These vending machines enable consumers to manage a healthy diet offering them fresh food in several public places. Moreover, the presence of stringent European regulations for the consumption and sale of food products is forcing vendors to implement these smart machines. For instance, the European Food Safety Authority (EFSA) directs industries to protect consumer’s health by developing food safety regulations.
The retail sector is expected to witness high growth in the Europe intelligent vending machine market due to the development of e-commerce and multi-channel retailing. The growth in the retail sector is increasing the competition among companies, which is encouraging them to implement advanced solutions to serve their customers. They are installing these machines with several smart features, such as automated doors and biometric scanning systems, to remain competitive in the market. Countries including France and Italy are experiencing a high demand for these machines due to the availability of strong players in the Europe intelligent vending machine market.
Major companies participating in the Europe intelligent vending machine market are N&W Europe Vending S.p.A., Bianchi Vending Group S.p.A, Crane Co. Ltd., Azkoyen Group, Royal Vendors, Fuji Electric Ltd., and Fresh Healthy Vending International. These players are providing several products & solutions depending on the requirement of customers. The companies are developing industry-specific solutions to cater to the specific business requirement of customers.
Segments we cover:
Europe Intelligent Vending Machine Market, By Product
Europe Intelligent Vending Machine Market, By Application
- Retail sites
- Public transport hubs
The above information is provided on a regional and country basis for the following: