Coffee Vending Machine Market Scope
Coffee vending machines are highly used to serve bean to cup, fresh brew, or instant coffee rapidly. The growing popularity of unmanned retail in developed and most developing countries in order to build customer-centric patterns has created significant growth for the market. Increasing the installation of coffee vending machines in restaurants, cafés, and hotels in various developing countries for dispensing and serving coffee rapidly to their customers will create huge demand for coffee vending machines. Further, fully automatic coffee vending machines come with advanced technologies that allow customers to make digital payments and contactless transactions that will fuel the growth of the market in the nearer future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Nandram Food Works (India), Godrej & Boyce (India), Nescafe (Nestle) (Switzerland), Azkoyen Group (Spain), Crane Merchandising Systems (United States), Fuji Electric (Japan), SandenVendo GmbH (Germany), Luigi Lavazza S.p.A. (Italy), Jofemar USA, Inc. (United States), Saeco Professional (Italy), Alois Dallmayr KG (Germany), Astra (United States) and FAS International S.R.L. (Italy) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Coffee Vending Machine market throughout the predicted period.
Nandram Food Works (India), Godrej & Boyce (India), Nescafe (Nestle) (Switzerland), Azkoyen Group (Spain), Crane Merchandising Systems (United States), Fuji Electric (Japan), SandenVendo GmbH (Germany), Luigi Lavazza S.p.A. (Italy), Jofemar USA, Inc. (United States), Saeco Professional (Italy), Alois Dallmayr KG (Germany), Astra (United States) and FAS International S.R.L. (Italy) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Coffee Vending Machine market by Type and Region with country level break-up.
On the basis of geography, the market of Coffee Vending Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
In July 2022, The Coca-Cola Company, the soda company announced the launch of a new coffee vending machine, Costa Smart Cafes. The machine allows to provide autonomous and barista-free coffee with the touch of a button. With this launch, the goal of the soda company is to step on Starbucks' toes and break out the boundaries to open new doors.
Coffee Vending Machine Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Emerging trend of Automatic Coffee Vending Machines Due to Rise of Unmanned Retail and Build Customer-centric Pattern
- Increasing Integration of Distance Selection Technology for Cashless Payments and Cashless Transactions
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Key Restraints | - High Cost of Maintenance Associated with Machinery Can Create Hurdles for the Market
- Low Level of Maturity of Vending Machines, Security, and Consumers Habits are Some of the Major Obstacles for the Market That May Slow Down Installation at Public Places
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Challenges | - Slow Adoption of Coffee Vending Machines with Less Dispensing Capacity Among the End Users
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Market Opportunities | - Significant Adoption of Various Types of Vending Machines in Japan Can Create Noteworthy Opportunities
- Potential Growth of Vending Channel in Most Emerging Economies like China
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Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Coffee Vending Machine Manufacturers, Coffee Vending Machine Suppliers and Distributors, Regulatory Bodies, End-Users and Others