According to IMARC Group’s latest report, titled “Vending Machine 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 forward, IMARC Group expects the market to reach US$ 25.3 Billion by 2027, exhibiting at a CAGR of 5.3% during 2022-2027.
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A vending machine is an automated machine that dispenses items, such as snacks, beverages, alcohol, cigarettes and cologne, in exchange for tokens or cash. It not only serves as a distribution unit but also as a display unit, creating enhanced visibility and brand recognition to attract consumers. It stores products in a safe, secure and hygienic environment while providing a seamless experience to the customers.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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Global Vending Machine Market Trends:
The global market is majorly driven by the widespread integration of the Internet of Things (IoT) and cloud infrastructure with vending machines. Apart from this, significant growth in the retail industry has also propelled the demand for vending machines across the globe. Moreover, the increasing requirement for automated vending machines across the aerospace, healthcare, corporate and construction sectors has further provided a thrust to market growth. Some of the other factors contributing to the market growth include the increasing preference for packaged food products and the introduction of intelligent vending machines that offer product recommendations to customers.
Competitive Landscape:
- Azkoyen Group
- Bianchi Industry S.p.A.
- Cantaloupe Inc.
- Crane Co.
- Fuji Electric Co. Ltd.
- Glory Ltd.
- Jofemar Corporation
- Orasesta Spa
- Royal Vendors Inc.
- Sanden Holdings Corporation
- Seaga Manufacturing Inc.
- Selecta AG
- Westomatic Vending Services Ltd.
Key Market Segmentation:
Breakup by Type:
- Food Vending Machine
- Beverages Vending Machine
- Tobacco Vending Machine
- Others
Breakup by Technology:
- Automatic Machine
- Semi-Automatic Machine
- Smart Machine
Breakup by Payment Mode:
- Cash
- Cashless
Breakup by Application:
- Hotels and Restaurants
- Corporate Offices
- Public Places
- Others
Breakup by Region:
- North America (United States, 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)
Full report with TOC & List of Figures: https://www.imarcgroup.com/vending-machine-market
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Key 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
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
