Europe Retail Vending Machine Market Size & Outlook
Europe retail vending machine market, 2018-2030 (US$M)
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Europe retail vending machine market highlights
- The Europe retail vending machine market generated a revenue of USD 15,186.8 million in 2023.
- The market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, beverage vending machines was the largest revenue generating type in 2023.
- Beauty & Personal Care Vending Machines is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 15,186.8 million |
| Market revenue in 2030 | USD 32,660.6 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Beverage vending machines |
| Fastest growing segment | Beauty & Personal Care Vending Machines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Vending Machines, Beverage Vending Machines, Games/Amusement Vending Machines, Tobacco Vending Machine, Candy & Confectionery Vending Machines, Beauty & Personal Care Vending Machines, Ticket Vending Machine |
| Key market players worldwide | Cantaloupe Inc, Sanden Corp, Fuji Electric Co Ltd, Azkoyen, Westomatic, Royal Vendors, Glory Global Solutions, Seaga Manufacturing, Sellmat |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.8% of the global retail vending machine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,099.6 million by 2030.
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Retail Vending Machine Market Scope
Retail Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe retail vending machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail vending machine market will help companies and investors design strategic landscapes.
Beverage vending machines was the largest segment with a revenue share of 41.38% in 2023. Horizon Databook has segmented the Europe retail vending machine market based on food vending machines, beverage vending machines, games/amusement vending machines, tobacco vending machine, candy & confectionery vending machines, beauty & personal care vending machines, ticket vending machine covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of the use of self-servicing technologies, such as vending machines, Europe is among the most advanced markets. Vending machines are automated devices that dispense a variety of items when a payment method is input.
The need for cashless systems and linked gadgets among the younger generation in many European countries has resulted in an increase in the number of vending machines. Stable economic conditions, rising purchases of healthy foods, and the rise of cashless payments are the key drivers fueling this market.
Vending machines also continues to incorporate cutting-edge technologies such as ID card and facial recognition to verify a customer's purchasing history. One of the most important elements for implementing self-service technologies in many businesses is Europe's strong economic state.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe retail vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe retail vending machine market size, by country, 2018-2030 (US$M)
Europe Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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