Europe Vending Machine Market & Numbers by Category (Hot & Cold Beverages, Snack & Food) Machine, Country, Company Analysis (Azkoyen Group, Honeywell International Inc., Aramark Corporation, Selecta, Compass Group and Compass Group, Plc)” provides a detailed analysis of Europe Vending Machine Market.According to the European Association of Vending & Coffee Services (EVA), the country has about four million Vending machines.
In European countries, the deployment of these devices is proliferating due to the increase in the use of modern technologies to serve customers in various vertical industries.
Europe Vending Machine Market is expected to be US$ 25 Billion mark by the end of the year 2025.What is a Vending Machine?A vending machine is an electronic system that supplies customers with items such as food, drinks, cigarettes, and lottery tickets after inserting into the machine a credit card or a specially designed wallet.Brief History of Vending MachineIn the early 1880s, the first modern vending machines were built and dispensed postcards in England.
Percival Everitt invented the vending machine in 1883, and it soon became popular at railway-stations and post-offices, dispensing envelopes, postcards, and notepaper.Growth FactorsThe core factors that support market growth are; adoption of vending machines among European consumers, are convenience, flexibility, increasing demand for cashless systems in European region.
It is common to use food vending machines that provide healthy foods such as chips, cookies, cakes, and other such snacks.
Key player research is performed from multiple viewpoints that include market overview, revenue analysis & forecasts, the company's various strategies and the company's recent trend and development, etc.If the information you seek is not included in the current scope of the study kindly share your specific requirements with our custom research team.Key Topics Covered :1.