The Japan vending machines market is anticipated to grow at a CAGR of 4.7% during the forecast period. The growth of the market will be mainly impacted by the already high acceptance and culture of vending machines across the country. As an estimate, there is a vending machine for around 25 people in the country. With the 126 million population in the country, the count of vending machines reaches near to 5 million in 2019. Additionally, the continuous innovation provided by the companies to engage more customer base will aid in market growth. For instance, in July 2018, Kirin Holdings Co., Ltd. introduced a vending machine with an inbuilt camera to maximize security.

The Japan vending machines market is segmented based on type, product, and application. Based on the type, the market is sub-segmented into traditional vending machines and micro markets. Based on the products, the market is sub-segmented into food & snacks, beverages, and others. The beverage segment holds a major market share in the country, most of the covers non-alcoholic beverages. Further, based on the application, the market is sub-segmented into supermarkets & retail stores, public places, offices or institutions, and others.

The key players of the Japan vending machines market include Asahi Group Holdings, Ltd., Suntory Holdings Ltd., Sanden Holdings CORP., Fuji Electric Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launch, to stay competitive in the market. For instance, In December 2019, Asahi Group Holdings, Ltd. acquired Singapore based vending machine operator Advend Systems Pte. Ltd., through its foreign subsidiary. The acquisition will provide the company with a successful operation of over 10,000 vending machines together in two countries that are Malaysia and Singapore.

Research Methodology

The market study of the Japan vending machines market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market to provide a better outlook. In the report, the country-level analysis is provided by analyzing various domestic players, country tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for vending machines manufacturers, vending machine product providers such as food, snacks, beverages (cold drink, packaged water, alcohol), manufacturer, distributor, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Japan Vending Machines Market Research and Analysis by Type
2. Japan Vending Machine Market Research and Analysis by Product
3. Japan Vending Machines Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Japan vending machines market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of the country’s regulations and other government policies impacting the Japan vending machines industry.
• Insights about market determinants which are stimulating the Japan vending machines market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.