Vending Machines Market Report, Size, Industry Share, Growth,
IMARC Group provides in-depth Vending Machine industry analysis covering market trends, investment opportunities, growth trends, industry statistics and outlook. The report offers comprehensive industry analysis, which includes information on market size, share, trends, analysis, growth, demand, statistics and overview. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.
Vending Machines Market Overview:
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$25.3 billion by 2027, with a CAGR of 5.3% in 2022-2027. A vending machine is an automated machine that dispenses items, such as snacks, drinks, alcohol, cigarettes, and cologne, in exchange for tokens or cash. It serves not only as a dispensing unit but also as a display unit, creating enhanced brand visibility and recognition to attract consumers. It stores products in a safe, secure and hygienic environment while providing a seamless experience for customers.
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Vending Machine Market Trends:
The global market is mainly driven by the widespread integration of Internet of Things (IoT) and cloud infrastructure with vending machines. Apart from this, the significant growth in the retail sector has also propelled the demand for vending machines across the world. Additionally, the growing need for vending machines in the aerospace, healthcare, corporate, and construction industries has further boosted the growth of the market. Some of the other factors contributing to the growth of the market include the increasing preference for packaged food products and the introduction of smart vending machines that offer product recommendations to customers.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be included in the report
Report feature details
Base year of analysis 2021
Historical period 2016-2021
Forecast period 2022-2027
Units US$ billions
Segment coverage type, technology, payment method, application, region
Bianchi Industrie SpA
Fuji Electric Co.Ltd.
Royal Sellers Inc.
Sanden Holding Corporation
Seaga Manufacturing Inc.
Westomatic Vending Services Ltd.
Key Market Segmentation:
Breakdown by type:
food vending machine
beverage vending machine
tobacco vending machine
Breakdown by technology:
Breakdown by payment method:
Breakdown by application:
Hotels and restaurants
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 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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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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