Global Vending Machine Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 16.07 Million |
 Market Size (Forecast Year) |
USD 26.00 Million |
 CAGR |
% |
| Major Markets Players |
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Global Vending Machine Market, By Product (Beverage, Food, Tobacco, Others), Application (Retail Sites, Public Transport Hubs, Offices and Institutions, Others), Payment Mode (Cash, Cashless) – Industry Trends and Forecast to 2030.
Vending Machine Market Analysis and Size
The global vending machine are offer convenience and easy accessibility to a wide range of products, including snacks, beverages, and personal care items. Additionally, the demand for healthier snacks and beverages such factors are expected to drive market growth.
Data Bridge Market Research analyses that the global vending machine market which was USD 16.07 billion in 2022, is expected to reach USD 26.00 billion by 2030, and is expected to undergo a CAGR of 7.3% during the forecast period of 2023 to 2030. “Beverage” dominates the type segment of the global vending machine due to high demand, wide variety, and established brand availability, catering to consumers' need for quick and refreshing drinks. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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 consumer behaviour.
Vending Machine Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Thousand, Volumes in Units, Pricing in USD |
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Segments Covered |
Product (Beverage, Food, Tobacco, Others), Application (Retail Sites, Public Transport Hubs, Offices and Institutions, Others), Payment Mode (Cash, Cashless) |
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Countries Covered |
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 , Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America |
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Market Players Covered |
Crane Co. (U.S.), Azkoyen Group (Spain), Fuji Electric Co., Ltd. (Japan), Sanden Holdings Corporation (Japan), Seaga Manufacturing, Inc. (U.S.), Royal Vendors, Inc. (U.S.), Bianchi Vending Group S.p.A. (Italy), Sielaff GmbH & Co. KG (Germany), Selecta Group (Switzerland), N&W Global Vending S.p.A. (Italy), Dixie-Narco, Inc. (U.S.), FAS International S.p.A. (Italy), Bianchi Industry S.p.A. (Italy), Rheavendors Group (Italy), Wittern Group (U.S.) |
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Market Opportunities |
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Market Definition
A vending machine is used to dispense items stored within it, such as packaged food, beverages, and tobacco products, in exchange for coins or tokens inserted. Dispensing is an automated process that requires no human labour and saves humans valuable time. Due to the fast-paced nature of life, these machines are commonly seen in fast-paced cities. Touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment help vending machines not only dispense items but also engage shoppers. Furthermore, these products have a wide range of applications in hotels and restaurants, corporate offices, public places, and other settings, which drives the global vending machine market size.
Global Vending Machine Market Dynamics
Drivers
- Comfort and Accessibility
Vending machines provide convenience and easy access to a variety of products such as snacks, beverages, and personal care items. They are frequently found in high-traffic areas such as shopping malls, airports, and office buildings, allowing customers quick and easy access to products.
- Technological Advancements
The incorporation of advanced technologies such as touchscreens, digital displays, cashless payment systems, and remote monitoring capabilities has improved vending machine functionality and user experience. These technological advancements have increased consumer interest and sales.
Opportunities
- Retail Expansion
Vending machines allow retailers to expand their reach without making significant investments in physical stores. Businesses can strategically place vending machines in new locations to increase brand visibility and sales.
- Customization and Personalization
Vending machines can now provide customised and personalised experiences thanks to technological advancements. Companies can understand consumer preferences and tailor product offerings accordingly by collecting and analysing data. This enables targeted marketing, greater customer engagement, and increased sales.
Restraints/Challenges
- Competition from Alternate Channels
Other retail channels, such as convenience stores, online retail, and food delivery services, compete with vending machines. To remain competitive, vending machine operators must offer unique products, innovative technology, or exceptional customer experiences.
- Maintenance and Service
Maintaining and servicing vending machines on a regular basis is critical to their smooth operation. Failures, product stock-outs, and payment system issues can all have a negative impact on the customer experience and result in lost sales. To address these issues, timely maintenance and responsive customer support are required.
Recent Developments
- In June 20, 2023, The Azkoyen Group won the Most Sustainable Product award for its Neo Q machine, which combines coffee and water services and promotes sustainability in workplaces, leisure centres, gyms, and other establishments by encouraging the use of one's own cup or bottle. This machine had recently received the IF Design Award, one of the most prestigious awards in the world of design
- In May 11, 2023, Azkoyen Group presents to operators its most recent and innovative solutions in espresso, filter coffee, and fresh milk-based beverages. Azkoyen Group, which strives to provide cutting-edge solutions tailored to the needs and tastes of its customers, will introduce the patented micro-injection air technology MIA, which allows the production of a wide range of drinks with fresh milk, from cappuccinos to latte macchiatos, with silky and consistent foam, even using plant-based milks. In this way, the company continues to promote coffee culture by developing new solutions for the OCS and coffee on the go industries
Global Vending Machine Market Scope
The global vending machine market is segmented on the basis of product, application and payment mode. The growth amongst these segments will help you analyze 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.
Product
- Beverage
- Food
- Tobacco
- Others
Application
- Retail Sites
- Public Transport Hubs
- Offices and Institutions
- Others
Payment Mode
- Cash
- Cashless
Global Vending Machine Market Regional Analysis/Insights
The global vending machine market is analysed and market size insights and trends are provided by country, product, application and payment mode as referenced above.
The countries covered in the global vending machine market 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, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
North America is expected to dominate the market due to conditions, such as changing lifestyles and huge demand for comfort meals.
Asia-Pacific is expected to grow with fastest CAGR in the global vending machine market because of growing urbanization, busy consumer lifestyles, and increasing demand for convenience.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Global Vending Machine Market Share Analysis
The global vending machine 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 global vending machine market.
Some of the major players operating in the global vending machine market are:
- Crane Co. (U.S.)
- Azkoyen Group (Spain)
- Fuji Electric Co., Ltd. (Japan)
- Sanden Holdings Corporation (Japan)
- Seaga Manufacturing, Inc. (U.S.)
- Royal Vendors, Inc. (U.S.)
- Bianchi Vending Group S.p.A. (Italy)
- Sielaff GmbH & Co. KG (Germany)
- Selecta Group (Switzerland)
- N&W Global Vending S.p.A. (Italy)
- Dixie-Narco, Inc. (U.S.)
- FAS International S.p.A. (Italy)
- Bianchi Industry S.p.A. (Italy)
- Rheavendors Group (Italy)
- Wittern Group (U.S.).
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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