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Automatic beverage machine is used to dispense water, cold drinks, tea, coffee, and beer. Advancement of technology leads to automation in every field and the urge to eliminate the middlemen. This in turn boosts the demand forautomatic beverage vending machines. These electronically run machines are mainly found in coffee shops, soft drinks cafes, bars, and QSRs like McDonalds, KFC, and CCD. Broadly an automatic beverage machineconsists of a dispenser, inlet or storage place, and teller machine for notes and coins. These machines are preferred by many retailers, offices, cafes, and hotels due to low maintenance and easy handling. With their small size, they need very small spaces to fit at any corner of the shop, and do not need any human intervention for sales and save the cost of hiring someone to serve. Some of the machines come with specific features so as to serve different beverages as per the requirement of the customers. In addition, these machines can dispense variety of products without any error in quantity.
Most of the clients of automatic vending machines are corporate offices, schools, restaurants, bars, public place like metro, railways, and general vendors but due to lockdown and closure, 80% business of beverage vending machine is hampered and most of the manufacturing companies have reported 90% decrease in sales, according to a given by European Vendors Association (EVA).
Mostly increase of vending machines is seen in airports, colleges, offices, bars, restaurants, and cafes. In addition, with the rise of packaged beverage in the market, these vending machines have also stared dispensing tetra packed beverage from Nescafe, Coca-Cola, and PepsiCo. Many restaurants and cafes install these vending machines to attract the customers and provide extra services and earn a hefty premium. In corporate offices, there have been a high surge of automatic coffee, tea, and water vending machines because of the hectic schedule and instant need of hot beverages. The restraint of installing the machines globally is the initial investment needed for the automatic machines and availability of service in remote locations.
There has been a significant rise in the use of automatic vending machines in Asia-Pacific countries like India, China, and Indonesia due to rise of population and increase of disposal income. People here are increasing the spending on restaurants and changing lifestyle which is making a change in sales of food &beverages and hence affecting the demand for the automatic vending machines.
The global automatic beverage machinetrends are as follows:
Changes are made in accepting digital payment by the vending machines, energy saving modes, wireless mode of operation and calculation of the inventory by own. Crane launched a series of vending machine that has 7” inch display along with displays for advertisement content, bill vender, and fully automated cashless system to cope up with digitalization.
This series of automatic beverage machines by cranes is crafted such that the local coffee house taste can be felt by the vending machines coffee brewing technique and can deliver more than 18 types of drinks. Moreover, these automatic beverage machines are small in size and can save more power than the traditional coffee vending machines. For richer customer experience, these machines are designed to consume less energy, are small in size, provide consistent taste, and are easy to maintain.
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players are manufacturing beverage vending machines that can vend multiple products, such aschips, chocolates, alcoholic drinks, tea, coffee, and soft drinks at one place. Azkoyen Group’s Azk V10 guarantees perfect distribution that maintains all the aroma and flavor, achieving coffee with a good body and consistent creaminess.
The implementation of this device in hotels, hospitals, and airports would give the coffee lovers their preferred taste of coffee at any place.
Key Benefits of the Report:
This study presents the analytical depiction of the global automatic beverage machineindustry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global automatic beverage machine market share.
The current market is quantitatively analyzed to highlight the global automatic beverage machine market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global automatic beverage machine market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Automatic Beverage Machine Market Research Report:
What are the leading market players active in the automatic beverage machine market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
Key Market Segments
Key Market Players