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With a valuation of USD 51.99 billion in 2023, the worldwide retail vending machine market is projected to experience a CAGR (compound annual growth rate) of 12.7% from 2024 to 2031.
Sales of products sold in vending machines are on the rise, driven by the rising demand for snacks and drinks that can be enjoyed on the move, thanks to consumers' busy lives. The speed and ease with which these devices can distribute items is a major factor in the industry's rapid expansion. Everywhere you go, from busy pubs and offices to public spaces, vending machines make it easy to access food and drink. This will probably cause demand for them to rise.
The consumer goods business has been hit hard by the coronavirus epidemic, as lockdowns have affected the supply chain in many ways. Companies in the food and drink industry should expect a multi-faceted effect that affects supply and demand. On the other hand, numerous consumer goods are in high demand due to a shift in consumer behavior, with some customers even switching brands. At the same time that they are figuring out how to satisfy customer demand, manufacturers are also planning for possible disruptions in the supply chain. Operators of vending machines have seen the effects and a decline in income, particularly in April 2020 compared to 2019.
The changing lifestyles of customers are driving the demand for on-the-go food and beverages, which in turn is fueling the market's expansion. Opportunities abound for the market throughout the projection period, thanks to factors like the rising demand for ready-to-eat food and the widespread adoption of cashless vending machines. Several new factors are influencing the retail vending machine sector and its future prospects. The widespread use of vending machines is being propelled by the increasing desire for hassle-free and cashless purchasing experiences. Smarter, more engaging, and more efficient vending machines are on the horizon, thanks to technological advancements like artificial intelligence (AI), the internet of things (IoT), and touchless payment systems.
The market is reaching out to a broader range of consumers as it offers a wider variety of products, including fresh food, gadgets, personal care goods, and snacks and beverages. Sustainability and eco-friendly methods are becoming more important in vending machine operations, which is drawing in customers who are concerned about the environment. All of these factors work together to encourage new ideas and propel the retail vending machine industry ahead.
The potential for vending machine sales is high because these machines can sell more than just food and drinks; they can also sell cigarette products and lottery tickets. Therefore, operators can make a lot of money by carefully installing these devices in places like schools, malls, train stations, airports, and corporate buildings. As an example, it was announced in August 2019 that more than 1 million plastic bottles have been recycled in Iceland stores utilizing reverse vending machines. Consumer knowledge regarding healthy food and drink options is on the rise, contributing to the healthy lifestyle trend's rising profile around the world.
From 2024–2033, the market looks significantly better. There will likely be strong increase in the years to come, according to projected patterns. As more and more advanced technologies such as AI, IoT, and machine learning find their way into vending machines, the industry is expected to experience significant growth. With the help of these innovations, machines will be able to do things like manage inventory in real time, do predictive maintenance, and communicate with customers on an individual level.
Report Coverage
Global Retail Vending Machine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Retail Vending Machine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Retail Vending Machine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Retail Vending Machine market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Retail Vending Machine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Retail Vending Machine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Azkoyen Group, Cantaloupe Systems Inc., Westomatic Vending Services Limited, Royal Vendors Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A, Sellmart S.r.L, Fuji Electric Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Retail Vending Machine market based on the below-mentioned segments:
Global Retail Vending Machine Market, By Type
Food Retail
Beverage Retail
Games/Amusement Retail
Tobacco Retail
Candy & Confectionery Retail
Beauty & Personal Care Retail
Ticket Retail
Global Retail Vending Machine market, By Application
Commercial Places
Offices
Public Places
Other Applications
Global Retail Vending Machine Market, By Payment Mode
Cash
Cashless
Global Retail Vending Machine market, Regional Analysis
Sales of products sold in vending machines are on the rise, driven by the rising demand for snacks and drinks that can be enjoyed on the move, thanks to consumers' busy lives. The speed and ease with which these devices can distribute items is a major factor in the industry's rapid expansion. Everywhere you go, from busy pubs and offices to public spaces, vending machines make it easy to access food and drink. This will probably cause demand for them to rise.
The consumer goods business has been hit hard by the coronavirus epidemic, as lockdowns have affected the supply chain in many ways. Companies in the food and drink industry should expect a multi-faceted effect that affects supply and demand. On the other hand, numerous consumer goods are in high demand due to a shift in consumer behavior, with some customers even switching brands. At the same time that they are figuring out how to satisfy customer demand, manufacturers are also planning for possible disruptions in the supply chain. Operators of vending machines have seen the effects and a decline in income, particularly in April 2020 compared to 2019.
The changing lifestyles of customers are driving the demand for on-the-go food and beverages, which in turn is fueling the market's expansion. Opportunities abound for the market throughout the projection period, thanks to factors like the rising demand for ready-to-eat food and the widespread adoption of cashless vending machines. Several new factors are influencing the retail vending machine sector and its future prospects. The widespread use of vending machines is being propelled by the increasing desire for hassle-free and cashless purchasing experiences. Smarter, more engaging, and more efficient vending machines are on the horizon, thanks to technological advancements like artificial intelligence (AI), the internet of things (IoT), and touchless payment systems.
The market is reaching out to a broader range of consumers as it offers a wider variety of products, including fresh food, gadgets, personal care goods, and snacks and beverages. Sustainability and eco-friendly methods are becoming more important in vending machine operations, which is drawing in customers who are concerned about the environment. All of these factors work together to encourage new ideas and propel the retail vending machine industry ahead.
The potential for vending machine sales is high because these machines can sell more than just food and drinks; they can also sell cigarette products and lottery tickets. Therefore, operators can make a lot of money by carefully installing these devices in places like schools, malls, train stations, airports, and corporate buildings. As an example, it was announced in August 2019 that more than 1 million plastic bottles have been recycled in Iceland stores utilizing reverse vending machines. Consumer knowledge regarding healthy food and drink options is on the rise, contributing to the healthy lifestyle trend's rising profile around the world.
From 2024–2033, the market looks significantly better. There will likely be strong increase in the years to come, according to projected patterns. As more and more advanced technologies such as AI, IoT, and machine learning find their way into vending machines, the industry is expected to experience significant growth. With the help of these innovations, machines will be able to do things like manage inventory in real time, do predictive maintenance, and communicate with customers on an individual level.
Report Coverage
Global Retail Vending Machine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Retail Vending Machine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Retail Vending Machine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Retail Vending Machine market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Azkoyen Group, Cantaloupe Systems Inc., Westomatic Vending Services Limited, Royal Vendors Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A, Sellmart S.r.L, Fuji Electric Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Retail Vending Machine Market from 2021 to 2031.
- Market Forecast for Retail Vending Machine Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Retail Vending Machine competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Retail Vending Machine
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Retail Vending Machine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Retail Vending Machine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Azkoyen Group, Cantaloupe Systems Inc., Westomatic Vending Services Limited, Royal Vendors Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A, Sellmart S.r.L, Fuji Electric Co. Ltd.
Primary Target Market
- Market Players of Retail Vending Machine
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Retail Vending Machine market based on the below-mentioned segments:
Global Retail Vending Machine Market, By Type
Food Retail
Beverage Retail
Games/Amusement Retail
Tobacco Retail
Candy & Confectionery Retail
Beauty & Personal Care Retail
Ticket Retail
Global Retail Vending Machine market, By Application
Commercial Places
Offices
Public Places
Other Applications
Global Retail Vending Machine Market, By Payment Mode
Cash
Cashless
Global Retail Vending Machine market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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