Global Vending Machines Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunities and Forecast – ResearchAndMarkets.com | Business app
DUBLIN–(BUSINESS WIRE)–February 15, 2022–
The global vending machine market reached a value of US$18.5 billion in 2021. Looking ahead, the publisher expects the market to reach US$25.3 billion by 2027, showing a CAGR of 5.3% in 2022-2027.
- Azkoyan Group
- Bianchi Industrie SpA
- Cantaloupe Inc.
- Crane Co.
- Fuji Electric Co.Ltd.
- Glory Ltd.
- Jofemar Company
- Orasesta thermal baths
- Royal Sellers Inc.
- Sanden Holding Corporation
- Seaga Manufacturing Inc.
- Selecta AG
- Westomatic Vending Services Ltd.
Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor
A vending machine is a self-contained automated device that dispenses small-sized products in exchange for tokens or cash. It is used for dispensing food products, such as packaged snacks, chocolate bars, cupcakes, pizzas, hot and cold beverages, and candies. They are also used to supply toys, newspapers, cigarettes and tickets. Products are loaded into the machine and are available for purchase throughout the day. The machine dispenses the product corresponding to the item number or button selected by the consumer. It also includes bill and coin validators, computer control boards, refrigeration units and lighting systems to automate the sales process and provide a seamless user experience. As a result, vending machines are widely used in public spaces, shopping complexes, restaurants and hotels.
Significant growth in the retail industry across the globe is one of the key factors creating a positive outlook for the market. Additionally, the growing need for automated product dispensing systems at airports, hospitals, school canteens, railway stations and gas stations and industrial plants is giving impetus to the growth of the market. Various technological advances, such as the development of reverse vending machines (RVMs), act as other growth factors. These machines allow the customer to insert used or empty plastic containers and aluminum cans in exchange for a reward.
Product makers are also releasing new variants with integrated touchscreens, gesture, video, audio, and scent interactions, and cashless payment features. In this light, the widespread adoption of self-service technology across all industries is also contributing to the growth of the market. Other factors including growing consumer spending capabilities along with rising demand for Internet of Things (IoT) and cloud-enabled industrial vending machines are expected to drive the market towards growth.
Answers to key questions in this report:
- How has the global vending machine market behaved so far and how will it behave in the coming years?
- What has been the impact of COVID-19 on the global vending machine market?
- What are the main regional markets?
- What is the market breakdown by type?
- What is the shattering of the technology-based market?
- What is the market breakdown by payment method?
- What is the market breakdown by application?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global vending machine market and who are the key players?
- How competitive is the industry?
5 Global Vending Machines Market
7 Market Breakdown by Technology
8 Market Breakdown by Payment Method
9 Market Breakdown by Application
10 Market Breakdown by Region
13 Analysis of the five forces of carriers
15.3 Profiles of Key Players
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INDUSTRY KEYWORD: TECHNOLOGY RETAIL OTHER TECHNOLOGY OTHER RETAIL
SOURCE: Research and Markets
Copyright BusinessWire 2022.
PUBLISHED: 02/15/2022 06:38 AM/DISC: 02/15/2022 06:38 AM
Copyright BusinessWire 2022.