Global Coffee Vending Machine Market Poised for Robust 8.5% CAGR Growth: Reed Intelligence's Forecast

The Global Coffee Vending Machine Market Size is expected to grow at CAGR of 8.5% from 2023 to 2031.North America is a technologically advanced and economically strong region.

 | Source: Reed Intelligence Reed Intelligence

New York, United States, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The market is expanding due to the increased need for convenience, the growing appeal of coffee, and the expansion of vending machines in public spaces such as schools and workplaces.

The product type, distribution method, and geographic regions are used to segment the market for coffee vending machines. The market is divided into three segments based on product type: bean-to-cup coffee vending machines, cold coffee vending machines, and hot coffee vending machines. With the lion's share of the market, hot coffee vending machines are the most often used kind of coffee vending machines. The growing demand for cold beverages has led to a rise in the popularity of cold coffee vending machines. Due to the rising demand for fresh coffee, the market sector with the greatest rate of growth is bean-to-cup coffee vending machines.

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Market Dynamics

One of the most consumed drinks worldwide, coffee is becoming more and more commonplace. The International Coffee Organization projects that by 2030, there will be 200 billion cups of coffee consumed worldwide. Numerous causes, such as the expanding popularity of speciality coffees, the growing health advantages of coffee drinking, and the rising disposable income of consumers in emerging markets, are contributing to this development in coffee consumption.

More and more customers are searching for easy ways to satisfy their coffee addiction. Coffee vending machines are becoming more and more common in offices, schools, and other public spaces because they provide a quick and reasonably priced option to purchase a cup of coffee.

Globally, the quantity of vending machines is continuously increasing. The Vending Industry Association estimates that there are more than 20 million vending machines in the US alone. The popularity of vending machines as a handy and cost-effective way to offer customers food and drink options is driving this increase in the number of vending machines.

Report Scope

Report MetricDetails
Compound Annual Growth Rate (CAGR)8.5%
Forecast Period2023-2031
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments CoveredSegmentation by Type

  • Bean-to-cup Vending Machines
  • Fresh brew Vending Machines
  • Instant Vending Machines
Segmentation by Application
  • Office
  • Food Service
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM
Market Drivers
  • Increasing Popularity Of Coffee
  • Rising Demand For Convenience
  • Growing Number Of Vending Machines

The food service providers, retailers, and operators of vending machines make up the market segments. With the lion's share of the market, vending machine operators make up the largest segment of the industry. The market categories with the quickest growth are retailers and food service providers, as a result of the rising demand for coffee in these channels.

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Regional Analysis

With the biggest market share for coffee vending machines, North America is the largest market. The growing popularity of coffee, the growing need for convenience, and the expanding number of vending machines in offices, schools, and other public spaces are driving the market's expansion in North America.

The second-biggest market for coffee vending machines is Europe. Similar factors driving the expansion of the North American market also propel the European market, including the growing desire for convenience and the growing popularity of coffee.

The market with the quickest rate of growth for coffee vending machines is Asia Pacific. The expanding middle class, the growing coffee consumption in developing nations like China and India, and the growing prevalence of vending machines in public spaces like workplaces are the main factors driving the growth of the Asia Pacific market.

The smallest market for coffee vending machines is in the Middle East and Africa. However, the region's expanding demand for coffee is likely to fuel the market's expected significant growth in the next years.

Key highlights for the Coffee Vending Machine Market :

  • In 2023, the Coffee Vending Machine Market Size is projected to expand at a compound annual growth rate (CAGR) of 8.5%, culminating in a valuation of XX billion by 2031.
  • Coffee's growing appeal, consumers' growing need for convenience, and the proliferation of vending machines in public spaces such as offices and schools are driving the market.
  • The largest market for coffee vending machines is in North America, which is followed by Asia Pacific and Europe.
  • Due to the expanding middle class and increased coffee consumption in emerging nations like China and India, the Asia Pacific region is experiencing the highest growth in the coffee vending machine industry.
  • The leading companies in the industry are creating cutting-edge goods and solutions to satisfy the expanding consumer base.

Key Players

  • Saeco (Philips)
  • Jofemar
  • Crane Merchandising Systems
  • Seaga
  • Azkoyen Group
  • Tameside Vending
  • Astra
  • Canteen
  • Selecta
  • Evoca Group
  • BUNN
  • Dallmayr
  • Luigi Lavazza
  • Fresh Healthy Vending
  • FAS International
  • Bianchi Vending Group
  • Nestle Professional
  • Rhea Vendors Group
  • Bravilor

Coffee Vending Machine Market Segmentation

Segmentation by Type

  • Bean-to-cup Vending Machines
  • Fresh brew Vending Machines
  • Instant Vending Machines

Segmentation by Application

  • Office
  • Food Service

Segment by Region

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Coffee Vending Machine Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Coffee Vending Machine Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Coffee Vending Machine Market, Segmentation by Type
    1. Introduction
      1. Market Size and Forecast, Segmentation by Type
    2. Bean-to-cup Vending Machines
      1. Market Size and Forecast, By Region
    3. Fresh brew Vending Machines
      1. Market Size and Forecast, By Region
    4. Instant Vending Machines
      1. Market Size and Forecast, By Region
  10. Coffee Vending Machine Market, Segmentation by Application
    1. Introduction
      1. Market Size and Forecast, Segmentation by Application
    2. Office
      1. Market Size and Forecast, By Region
    3. Food Service
      1. Market Size and Forecast, By Region
  11. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      2. U.S.
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      3. Canada
    3. Europe
      1. Market Size and Forecast
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      2. U.K.
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      3. Germany
      4. France
      5. Spain
      6. Italy
      7. Russia
      8. Nordic
      9. Benelux
      10. Rest of Europe
    4. APAC
      1. Market Size and Forecast
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      2. China
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      3. Korea
      4. Japan
      5. India
      6. Australia
      7. Singapore
      8. Taiwan
      9. South East Asia
      10. Rest of Asia-Pacific
    5. Middle East and Africa
      1. Market Size and Forecast
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      2. UAE
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      3. Turky
      4. Saudi Arabia
      5. South Africa
      6. Egypt
      7. Nigeria
      8. Rest of MEA
    6. LATAM
      1. Market Size and Forecast
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      2. Brazil
        1. Segmentation by Type
          1. Bean-to-cup Vending Machines
          2. Fresh brew Vending Machines
          3. Instant Vending Machines
        2. Segmentation by Application
          1. Office
          2. Food Service
      3. Mexico
      4. Argentina
      5. Chile
      6. Colombia
      7. Rest of LATAM
  12. Competitive Landscape, 2022
    1. Introduction
    2. Coffee Vending Machine Market Share Analysis, 2022 (%)
      1. Market Share Analysis, 2022
      2. Competition Ranking, 2022
      3. Key Developments & Growth Strategies
        1. Merger & Acquisition
        2. Product Launch
        3. Expansion
      4. Consolidated SWOT Analysis of Key Players
  13. Company Profile
    1. Saeco (Philips)
      1. Business Overview
      2. Financial Data
      3. Key Product Categories
      4. Recent Developments
    2. Jofemar
    3. Crane Merchandising Systems
    4. Seaga
    5. Azkoyen Group
    6. Tameside Vending
    7. Astra
    8. Canteen
    9. Selecta
    10. Evoca Group
    11. BUNN
    12. Dallmayr
    13. Luigi Lavazza
    14. Fresh Healthy Vending
    15. FAS International
    16. Bianchi Vending Group
    17. Nestle Professional
    18. Rhea Vendors Group
    19. Bravilor

Read Full Table of Content and Figure @ https://reedintelligence.com/market-analysis/global-coffee-vending-machine-market/toc 

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Mot-clé

Coffee Vending Machine vending machines Vending Industry Vending Business Vending machine industry Vending Products Services US

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