Vending Machines Market Growth 2022-2027
According to the latest report from the IMARC group, entitled “Vending Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global vending machine market reached a value of US$18.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$25.3 billion by 2027exposing to a CAGR of 5.3% over the period 2022-2027.
A vending machine is an automated device that dispenses items stored inside in exchange for tokens or money. It consists of a variety of small products such as packaged foods, chocolate bars, cupcakes, pizzas, hot and cold drinks and tobacco products. It can also distribute toys, newspapers, cigarettes, as well as tickets. A vending machine is installed in public areas, shopping complexes, restaurants and hotels. In recent years, a vending machine has gained traction with individuals due to the growing demand for snacks and drinks to go.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be included in the report
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Global vending machine market trends:
The market is mainly driven by the significant growth in the retail sector. Additionally, rapid urbanization is increasing the demand for automated product dispensing systems in hospitals, schools, airports, and canteens, fueling the growth of the market. Additionally, manufacturers are investing heavily in research and development (R&D) activities of innovative features such as voice recognition, integrated touch screens, interactive display system, and big data integration. Additionally, advancements in technology have led to the launch of Internet of Things (IoT) integrated vending machines, which enable real-time data collection and provide end-to-end IoT service to better monitor machines. It also provides a convenient way to capture consumer experience and expectations while helping to improve consumer shopping experiences, creating a positive outlook for the market.
- 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.
Key Market Segmentation:
Breakdown by type:
- food vending machine
- beverage vending machine
- tobacco vending machine
Breakdown by technology:
- Automatic machine
- Semi-automatic machine
- smart machine
Breakdown by payment method:
Breakdown by application:
- Hotels and restaurants
- Corporate offices
- Public places
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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