Global Vending Kiosks Market – Industry Trends and Forecast to 2029

Global Vending Kiosks Market, By Application (Offices, Commercial Places), Payment Mode (Cashless, Cash), Product (Beverage, Food, Tobacco, Others), Location (Indoor, Outdoor), Type (Bank Kiosks, Self-Service Kiosks, Vending Kiosks) – Industry Trends and Forecast to 2029

Vending Kiosks Market Analysis and Size

The vending industry is undergoing a sea change by installing touch-enabled screens and remote management software to go far beyond simply dispensing food and beverages. Artificial intelligence (AI), the Internet of Things (IoT), voice recognition, and facial recognition are among the cutting-edge technologies used in these interactive kiosks, and they provide benefits such as gesture-based communication, touchscreen controls, digital wallet integrations, cashless payments, and much more.

Data Bridge Market Research analyses that the vending kiosks market was valued at USD 12.74 billion in 2021 and is expected to reach the value of USD 41.19 billion by 2029, at a CAGR of 15.80% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

A vending machine is a type of automated machine that provides consumers with items such as beverages, snacks, cigarettes, and lottery tickets after they insert cash, a credit card, or a specially designed card into the machine. A kiosk is a small, self-contained booth typically placed in high-traffic areas for commercial purposes.

Global Vending Kiosks Market Dynamics

Drivers

• expansion of retail industry and growing need for automated distribution systems

Significant growth in the retail industry around the world is one of the key factors driving the market's positive outlook. Furthermore, the growing demand for automated product distribution systems in airports, hospitals, school canteens, railway and petrol stations, and industrial plants is propelling market growth. Other growing factors include technological advancements such as the development of reverse vending machines (RVM).

• Product innovation and adoption of cloud computing

Manufacturers are also introducing new variants with integrated touch-screen panels, gesture-, video, audio-, and scent-based interactions, and cashless payment capabilities. In keeping with this, the market expansion for vending kiosks is also being fueled by the widespread adoption of self-service technology across industries. Other elements are anticipated to drive the vending kiosks market forward, including rising consumer spending power, increased demand for Internet of Things (IoT), and cloud computing-enabled industrial vending machines.

Opportunity

Increasing industrial development and the need for faster and more efficient data processing are some of the major factors expected to drive the growth of the vending kiosks market during the analysis period.

Restraints

However, high setup costs, the need for regular maintenance, and regulations prohibiting the sale of junk food and tobacco products are among the major restraints that will further challenge the vending kiosks market during the forecast period.

This vending kiosks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vending kiosks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Vending Kiosks Market

The coronavirus pandemic has had a negative impact on the consumer goods industry, with lockdowns affecting the entire supply chain. The impact on food and beverage companies will almost certainly be complex, affecting both demand and supply. In contrast, a shift in consumer behaviour has been observed, resulting in increased demand for a variety of consumer goods, with several consumers switching between brands. Simultaneously, manufacturers are deciding how to handle potential disruptions in the supply chain and identifying areas for improvement in order to meet consumer demand. Vending machine operators have seen the impact and a decrease in revenue, particularly in April 2020 compared to 2019.

Global Vending Kiosks Market Scope

The vending kiosks market is segmented on the basis of application, payment mode, product, location and type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Offices
• Commercial spaces

Payment mode

• Cash
• Cashless

Product

• Beverage
• Food
• Tobacco
• Others

Location

• Indoor
• Outdoor

End user

• Bank Kiosks
• Self-Service Kiosks
• Vending Kiosks

Vending Kiosks Market Regional Analysis/Insights

The vending kiosks market is analysed and market size insights and trends are provided by country, application, payment mode, product, location and type as referenced above.

The countries covered in the vending kiosks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

North America will dominate the global industry in 2021. Self-service technology's rise in this region has opened up new business opportunities for retail vending machines. As a result, several retail vending machine operators are focusing on establishing themselves in strategic locations throughout the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vending Kiosks Market Share Analysis

The vending kiosks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vending kiosks market.

Some of the major players operating in the vending kiosks market are:

• Fuji Electric Co., Ltd. (Japan)
• Royal Vendors, Inc. (U.S.)
• Crane Payment Innovations (C.P.I.) (U.S.)
• SANDEN CORPORATION (Japan)
• N&W Global Vending S.p.A. (Italy)
• SEAGA MANUFACTURING INC. (U.S.)
• FAS INTERNATIONAL S.R.L (Italy)
• Rhea Vendors Group Spa (Italy)
• AZKOYEN, S.A. (Spain)
• A.M.S. Vendors. (U.S.)
• BIANCHI INDUSTRY SPA (Italy)
• JOFEMAR USA, INC. (U.S.)
• Continental Vending Inc. (U.S.)