Vending Machine Market by Type, Application, Technology, and Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021–2027

Vending Machine Market by Type, Application, Technology, and Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021–2027

  • February 2021 •
  • 366 pages •
  • Report ID: 6062975 •
  • Format: PDF
Vending Machine Market by Type (Food Vending Machine, Beverages Vending Machine, Tobacco Vending Machine, and Others), Application (Hotels & Restaurants, Corporate Offices, Public Places, and Others), Technology (Automatic Machine, Semi-automatic Machine, and Smart Machine), and Sales Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2027

A vending machine is used to dispense the items that are stored inside it, such as packaged food, beverages, and tobacco products, in exchange with inserted coins or tokens. Dispensing is an automated process, which requires no manpower and saves precious time of humans. These machines are normally seen in fast-moving cities due to fast-paced life. Vending machine not only dispenses items but also engages shoppers with the help of touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment. Furthermore, these products have multiple applications in hotels & restaurants, corporate offices, public places, and others.
Increase in demand for food vending machines in offices/institutions, rise in consumption of convenience food items, and the adoption of smart customer service technologies in several food categories are the driving factors for the growth of the market. The global vending machine market was valued at $18.28 billion in 2019 and is anticipated to reach $25.25 billion by 2027, with a CAGR of 6.7% during the forecast period.
The demand for machines has increased during the past few years and with the introduction of cashless payment systems, smart technology solutions are gaining momentum on a large scale across the globe. Moreover, increasing urbanization and rising disposable income have fuelled the growth of the vending machine market. Governments of various regions restricted the use of food & beverages vending machines in many places, such as schools and colleges, thereby limiting the demand for these machines. In addition, high initial installation cost of vending machine restraints the growth of the global market.
Increasing popularity of vending machines in developed and developing economies and convenience offered to the consumers are the factors augmenting the demand for vending machines. Changing buying habits of customers and demand for a more convenient method for buying food & beverages further propel the growth of the market. Moreover, rising need to expand virtual space in a retail outlet is driving the growth of the vending machine market globally.
The vending machine market is segmented on the basis of type, application, technology, sales channel, and region. By type, it is categorized into food vending machine, beverages vending machine, tobacco vending machine, and others. By application, it is segmented into hotels & restaurants, corporate offices, public places, and others. By technology, it is divided into automatic machine, semi-automatic machine, and smart machine. By sales channel, it is bifurcated into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, the UAE, Saudi Arabia, Turkey, and Rest of LAMEA).
The key players profiled in this report include Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co., Ltd, Fastcorp Vending LLC, Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation., Selecta TMP AG, and Bianchi Industry.

Key benefits for stakeholders
• The study provides an in-depth analysis of the global vending machine market, with current and future trends to explain the imminent investment pockets in the market.
• Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
• The report provides information regarding drivers, restraints, and opportunities with impact analysis.
• A quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
• Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of buyers, and bargaining power of suppliers operating in the market.
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
• Competitive intelligence highlights the business practices followed by the leading market players across various regions.

Key market segments
• By Type
o Food Vending Machine
o Beverages Vending Machine
o Tobacco Vending Machine
o Others
• Application
o Hotels & Restaurants
o Corporate Offices
o Public Places
o Others
• By Technology
o Automatic Machine
o Semi-Automatic Machine
o Smart Machine
• By Sales Channel
o Online
o Offline
• By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
o Asia-Pacific
China
Japan
India
Australia
South Korea
Singapore
Malaysia
Rest of Asia-Pacific
o LAMEA
Brazil
Argentina
UAE
South Africa
Saudi Arabia
Turkey
Rest of LAMEA