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Increasing consumption of coffee across the world and growth in the adoption of smart kitchen appliances are boosting the demand for coffee vending machines globally. The coffee vending machines market is anticipated to grow at a CAGR of ~5% during the forecast period 2021-2027. Also, the growing number of coffee shops, commercial offices and increasing awareness related to the benefits of coffee consumption further boost the market growth over the forecast period.
Coffee is one of the top beverages consumed by people around the world. As per the International Coffee Organization, Finland (~12 kg per capita), Norway (~10 kg per capita), Iceland (~9 kg per capita), Denmark (~8.5 kg per capita) and Sweden (~8 kg per capita) are the top countries at the global level in per capita coffee consumption. Brazil has been the largest coffee producer in the world for more than 150 years; while Italy imports around eight million green coffee beans annually.
The global coffee vending machine market has been studied by considering various segments to calculate the market revenue. The major segments considered for the market analysis are on the basis of type of beverage, applications, operation, installation, and payment options. These market segments are further categorized to understand the overall market scenario in real time.
By Type of Beverage
By Payment Option
The cashless Systems segment is the fastest growing payment option amongst other segments. With COVID-19, social distancing disallows cash transactions, which caused the world to shift towards the trend of cashless payments. Coffee vending machines with cashless systems are easy to transact with and fit for offices that demand coffee vending machines customized to their taste. With cashless transactions, customers can easily prevent any contact, hence ensuring maximum safety. Cashless systems coffee vending machines are in demand in the busy office setting. These vending machines provide fast and prepaid office coffee services by eliminating traffic and helping workers to be more productive and efficient in the office. From a business perspective, cashless payments are highly demanded by coffee service providers as they do not have to move with cash loads and make it easy for customers by paying through online wallets transactions and debit cards.
To study the global coffee vending machine industry in detail, the regions are categorized into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. These regions are further categorized on the country level to analyze the details of the global marketplace considering the presence of companies and other related factors.
As per the regional studies, the European coffee vending machine industry dominates the global industry, owing to the high consumption of coffee in European countries and high per capita income. Whereas, the APAC coffee vending machine market analyzed to be an opportunistic region with Japan being one of the largest importers of coffee and coffee products. According to the International Coffee Organization, Japan imported 6,751 (in thousands, 60-kg bags) of green coffee beans in the 2020-2021 crop year; highest from Brazil and followed by Colombia, Guatemala, Ethiopia, Indonesia, and Vietnam.
Astra, Azkoyen Group, Bianchi Vending Group, BUNN, Canteen, Crane Merchandising Systems, Dallmayr, Express Vending, FAS International, Fresh Healthy Vending, Fuji Electric, Godrej Vending, Jofemar, Luigi Lavazza, MorVend, NandW Global Vending, Rheavendors Group, Saeco (Philips), Seaga, Selecta and Tameside Vending are some key companies present in the global coffee vending machine market.