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Increasing consumption of coffee across the world and growth in adoption of smart kitchen appliances are boosting the demand of 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, growing number of coffee shops, commercial offices and increasing awareness related to benefits of coffee consumption further boosts the market growth over the forecast period.
Coffee is the 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 global level in per capita coffee consumption. Brazil has been the largest coffee producer in the world since more than 150 years; while Italy imports around eight million green coffee beans annually.
Segmentation Overview of the Global Coffee Vending Machine Market
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
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 fits for offices which demands coffee vending machines customized to their taste. With cashless transaction, 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 business perspective, cashless payments are highly demanded by coffee service providers as they do not have to move with cash loads and makes easy for customers by paying through online wallets transactions and debit cards.
Regional Overview of the Coffee Vending Machine Market
To study the global coffee vending machine industry in detail, the regions are categorized into North America, Europe, Asia-Pacific, Middle East and Africa and South America. These regions are further categorized on country level to analyse the details of the global marketplace considering presence of companies and other related factors.
As the per the regional studies, Europe coffee vending machine industry dominate the global industry, owing to high consumption of coffee in European countries and high per capita income. Whereas, the APAC coffee vending machine market analysed to be an opportunistic region with Japan being one of largest importer 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 2020-2021 crop year; highest from Brazil and followed by Colombia, Guatemala, Ethiopia, Indonesia and Vietnam.
Key Companies in the Global Coffee Vending Machine Market
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.