The global smart vending machine market is witnessing significant growth, driven by advancements in automation, artificial intelligence, and cashless payment technologies. Increasing consumer demand for contactless and convenient purchasing solutions has accelerated the adoption of smart vending machines across various sectors, including retail, food and beverage, healthcare, and transportation. Features such as real-time inventory tracking, remote monitoring, and AI-powered product recommendations are enhancing operational efficiency and customer experience. In addition, the integration of IoT and cloud-based solutions is enabling businesses to optimize machine performance and reduce maintenance costs. With key players continuously innovating to improve machine intelligence and payment security, the market is expected to expand further, catering to the evolving needs of tech-savvy consumers worldwide.
Global Smart Vending Machine Market size was valued at USD 12.29 billion in 2024 and is projected to reach USD 26.79 billion by 2032, with a CAGR of 10.6% during the forecast period of 2025 to 2032.
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Below are the Top Smart Vending Machine Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Crane Payment Innovations (CPI)
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CPI is a leading provider of automated payment solutions and self-service technologies. The company offers a range of smart vending machines equipped with advanced payment systems, telemetry, and inventory management features. CPI's solutions are designed to enhance operational efficiency and consumer engagement across various industries.
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North America, Asia-Pacific, Europe
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In November 2024, CPI expanded its service capabilities by opening a new depot center. This facility aims to enhance customer support and operational efficiency, ensuring that clients receive timely maintenance and service solutions for their vending equipment.
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2.
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Fuji Electric Co., Ltd.
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Fuji Electric specializes in energy technology and automation solutions. The company offers a diverse portfolio of smart vending machines that incorporate cutting-edge features such as cashless payment systems, touch-screen interfaces, and real-time data monitoring. In November 2024, Fuji Electric launched the MICREX-SX Series SPH3300/2200 PLC models to enhance control speed for processing machines, reflecting their commitment to innovation in automation technology.
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North America, South America, Asia-Pacific, and Europe
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In November 2024, Fuji Electric launched the MICREX-SX Series SPH3300/2200 PLC models to enhance control speed for processing machines. These models recorded operational data, enabling customers to improve facility performance by detecting abnormalities and enabling early restoration. The launch focused on Japan and Asia.
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3.
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Azkoyen S.A.
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Azkoyen Group is a multinational company specializing in the design and manufacturing of technological solutions for vending machines, payment systems, and security systems. Their smart vending machines are known for their reliability, user-friendly interfaces, and integration of modern payment technologies, catering to a wide range of consumer needs.
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North America, South America, and Europe
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In September 2023, Azkoyen was awarded at the 2023 EVA Awards by the European Vending & Coffee Service Association for its innovative MIA EasyMilk technology. This recognition highlights the system's ability to provide high-quality milk-based drinks with ease, improving user experience and operational efficiency in vending and coffee services.
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4.
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FAS International S.P.A.
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FAS International is renowned for producing a wide array of vending machines, including smart models equipped with advanced features like telemetry systems, cashless payment options, and customizable configurations. Their machines are designed to offer efficient and flexible solutions for various sectors, enhancing the consumer experience through technological innovation.
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North America, South America, Africa, Asia-Pacific, and Europe
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5.
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TCN
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TCN, is a prominent Chinese manufacturer specializing in vending solutions. The company offers a comprehensive range of smart vending machines that incorporate features such as remote management, cashless payment systems, and customizable product configurations. TCN's commitment to quality and innovation has established it as a significant player in the global smart vending machine market.
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North America, Middle East and Africa, Asia-Pacific, and Europe
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In October 2024, Tata Consultancy Services (TCS) expanded its collaboration with NVIDIA to launch industry-specific AI solutions, aiming to accelerate AI adoption at scale. Delivered through TCS’ new AI.Cloud business unit, this initiative built on over five years of partnership.
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Conclusion
The global smart vending machine market is set for continuous growth, driven by technological advancements and shifting consumer preferences toward automated and contactless solutions. The integration of AI, IoT, and cashless payment systems has significantly enhanced the efficiency, convenience, and profitability of vending machines across various industries. Businesses are increasingly adopting these intelligent systems to improve operational management, optimize inventory, and provide personalized customer experiences. As key players continue to innovate and expand their product offerings, the market is expected to see sustained growth, catering to the rising demand for seamless and digitally connected retail experiences worldwide.
