Authored By: Sarah
27 Oct 2023

Vending Machine Market to grow by USD 12426.7 Mn in revenue  through 2023-2027 | Forecast and Trend Analysis

The Vending Machine Market is estimated to exhibit growth at a CAGR of 16.81% and the size of the market is forecast to increase by USD 12,426.7 million in revenue between 2022 and 2027. Determinants that propelled the market expansion comprise the retail industry's appreciation for the benefits of intelligent vending machines, enabling customer interaction experiences across the world.

The Vending Machine Market can be categorized by product (low-end vending machines and intelligent vending machines), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, Africa, and South America). 

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Emerging Trends of the Vending Machine Market at a Glance

Vending Machine Market: Emerging Trends to Impact Market Growth

The functionality of the vending machines focus on dispensing products is based on the hardware and the software, along with the microprocessors and controllers used in designing the machine.

When it comes to market trends, vending machines enabled with real-time data collection capabilities will fuel the global vending machine market. It comes with advanced features, such as operations management, inventory management, customer analytics, transaction management, software and platform management, and digital advertising and content management system.

Moreover, Intelligent vending machines also help in tracking real-time operational data like daily sales, footfalls, and inventory levels followed by machine-learning algorithms and real-time customer data tracking allowing retailers to analyze customer profiles based on their behavior and purchases. The incorporation of advanced features, such as real-time data collection, is projected to raise the value and volume of sales of these machines across the world.

Core Companies of the Vending Machine Market

Leading companies comprise names like Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, etc comes with a wide range of its services.

Organizations like Azkoyen offer vending machines such as Vitro S1, Vitro S5, Novara Espresso, Neo Q Espresso, Neo Q Double Espresso, and Novara Instant. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. Download our sample report for more insights.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 16.81%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 12426.7 mn through 2023-2027.

  3. What is a key factor driving this market?
    Growing demand for cashless vending machines will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    37% growth will originate from North America.
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