The market size value for parts of automatic-goods vending machines in Germany shows a growth trend from 2013 to 2023. Over this period, it increased from EUR 73.123 million to EUR 106.23 million, despite some yearly fluctuations. Notable growth years included 2016 with a 17.58% increase and 2020 with a 7.55% rise. The recent years from 2021 to 2023 displayed moderate growth, with a slight dip in 2022 before recovering in 2023 with a 2.13% increase.
Looking forward, from 2024 to 2028, the market is forecasted to grow at a compound annual growth rate (CAGR) of 1.44%, reaching EUR 116.87 million by 2028. Although this growth rate is modest, it indicates a steady increase in demand for vending machine parts.
Future trends to watch for:
- Technological advancements in vending machines increasing demand for updated components.
- Market growth driven by expansion in the deployment of automatic-goods vending machines.
- Increasing preference for contactless and automated retail solutions post-pandemic boosting market demand.