The vending sector was delivering sustained revenue growth in almost all European markets before the Covid-19 pandemic, according to a new report released by the European Vending and Coffee Service Association (EVA).
The report is the eighth edition of the EVA’s annual market summary and is based on 2019 data. According to the report, total annual revenue rose 3.4% year-on-year to €17.2 billion, while the number of installed vending machines grew 1.1% to 4.16 million.
While growth was observed in 21 out of the 22 markets covered in the report, the EVA claims that the severe impact of Covid-19 on the industry from Spring 2020 onwards will offset this sustained growth.
According to the EVA, the ongoing Covid-19 pandemic is responsible for a significant reduction in sales, vends and turnover in 2020, and at a much higher scale than during the economic and financial crisis in 2008.
The association claims that the full assessment of the crisis on the industry will not be available until the release of the 2021 EVA report, which will include data from 2020.
Despite this, the EVA claims that the newly-released 2020 report identifies longer-term trends within vending & office coffee service – which should remain after the pandemic.
Key findings from the 2020 report include:
The full version of the 2020 report is available to EVA members via the EVA secretariat, and further information can be found on the EVA website.
© FoodBev Media Ltd 2020