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Vending Machine Market Size, Share, Growth & Trends Analysis Report By Type, By Application, and Segment Forecasts, 2021-2027
Published Date: August 2021
|
Report Code: QYRE-Auto-27Y49
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Global Vending Machine Market Insights Forecast to 2025

Vending Machine Market Size, Share, Growth & Trends Analysis Report By Type, By Application, and Segment Forecasts, 2021-2027

Code: QYRE-Auto-27Y49
Report
August 2021
121 Pages
QYResearch
Region: Global, Europe,
Description
Table of Content
Tables & Figures

Vending Machine Market Statistics 2027

In 2020, the global Vending Machine market size was US$ 6556.9 million and it is expected to reach US$ 8062.5 million by the end of 2027, with a CAGR of 2.9% during 2021-2027. Major factors driving the growth of Vending Machine Market size are the rising demand for on-the-go snacks, beverages, the hectic lifestyle of people, and the machine's ability to produce goods quickly, making it an incredibly convenient choice for customers.

Vending Machine Market

A vending machine is a machine that dispenses goods such as snacks, beverages, alcohol, cigarettes, tickets to customers automatically after the customer inserts currency or credit into the machine.

Today, the modern vending machine is contactless payment-enabled vending machines that support both online payment and site payment. It can also calculate the amount of the sold products and send messages automatically when the products are going to be sold out.

The key manufacturers of the global Vending Machine market include Fuji Electric, Crane, SandenVendo, and N&W Global Vending, with about 40% market shares.

Trends Influencing the Vending Machine Market

Increased demand for food vending machines in offices/institutions is expected to fuel the Vending Machine Market size during the forecast period. In addition, the rise in the consumption of convenience food items and the adoption of smart customer service technologies in several food categories are expected to drive the growth of the vending machine market size.

Vending Machine Market Size

The growing demand for vending machine retrofitting is expected to fuel the growth of the Vending Machine Market size during the forecast period. Retrofit solutions make it easy for consumers to upgrade their current traditional vending machines to smart vending machines by downloading the new software packages.

Another factor driving the growth of the vending machine market size is the growing adoption of vending machines to enhance the consumer shopping experience. Vending machines are a one-time investment that, by running 24/7 and throughout the year, acts as the cost savings alternative to traditional stores with employees. This advantage has induced many manufacturers to use vending machines to boost customer satisfaction, driving growth in vending machines' demand.

Vending Machine Market Regional Insights

In 2019, North America held the largest Vending Machine Market share. This trend is expected to continue over the forecast period as well. This dominance of North America is attributed to the popularity of vending machines, producers and distributors' concentration, the involvement of technology-conscious buyers, and the utility of vending machines.

From 2019 to 2025, Asia Pacific is expected to witness the highest growth during the forecast period. In the regional market, Japan is the most lucrative nation. Major factors contributing to the APAC's rising demand are the demand from the region's business and corporate sectors.

Top Major Players in the Vending Machine Market

  • Fuji Electric
  • Crane
  • SandenVendo
  • N&W Global Vending
  • Sielaff
  • Azkoyen Group
  • Bianchi Vending
  • Royal Vendors
  • Selecta
  • Jofemar
  • Westomatic
  • Fushi Bingshan
  • Seaga
  • FAS International
  • Deutsche Wurlitzer
  • AMS
  • Aucma

Vending Machine Market Segments

Vending Machine Market By Type 

Vending Machine Market By Application

  • Factory
  • Office Building
  • Public Places
  • School
  • Others

Vending Machine Market By Region

  • United States
  • Europe
  • China
  • Japan
  • Other Regions

Vending Machine Market Consumption By Region

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Central & South America
  • Brazil
  • Rest of South America
  • Middle East & Africa
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

Scope of the Vending Machine Market Report

Report Metric

Details

Report Name

Vending Machine Market

The market size in 2020

$6556.9 Million

The revenue forecast in 2027

$8062.5 Million

Growth Rate

CAGR of 2.9% from 2021-2027

Base year considered

2019

Forecast period

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market by Type

Food, Cigarette, Ticket, Beverage Drink, Other Goods

Market by Applications/Enduser

Factory, Office Building, Public Places, School, Others

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How big is the vending machine market?

Ans. In 2020, the global Vending Machine market size was US$ 6556.9 million and it is expected to reach US$ 8062.5 million by the end of 2027, with a CAGR of 2.9% during the forecast period 2021-2027.

2. Which region dominated the global vending machine market share?

Ans. In 2019, North America held the largest Vending Machine Market share.

3. Who are the leading players in vending machine market?

Ans. Some key players operating in the vending machine market are Fuji Electric, Crane, SandenVendo, N&W Global Vending, Sielaff, Azkoyen Group, Bianchi Vending, Royal Vendors, Selecta, Jofemar, Westomatic

4. What factors will drive the growth of the vending machine market?

Ans. Major factors driving the growth of Vending Machine Market size are the rising demand for on-the-go snacks, beverages, the hectic lifestyle of people, and the machine's ability to produce goods quickly, making it an incredibly convenient choice for customers.

5. What would be the forecast period in the vending machine market report?

Ans. The forecast period for vending machine market is 2021 to 2027.

Table of Content

 

List of Tables & Figures

 

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