December 3, 2020
The total annual revenue for the European vending and coffee services industry in 2019 reached €17.2 billion ($20.91 billion), a 3.4% one-year gain over the prior year, while the number of machines deployed grew 1/1% to 4.16 million, according to a European Vending Association report.
While solid growth is observed in 21 out of the 22 markets covered in the report, the association recognized the severe impact COVID-19 has brought to the industry, according to a press release on the report findings.
The ongoing pandemic has delivered a "huge" drop in sales in 2020 and at a much higher scale than during the economic and financial crisis in 2008, according to the release.
The report, however, identifies longer term trends within vending and office coffee service, which the association believes will continue after the pandemic.
Some selected facts revealed by this latest report include: