The US vending machines market is anticipated to grow at a CAGR of 5.3% during the forecast period. The already established popularity of vending machines in the country is considered to be the major factor driving the market. Additionally, the increasing number of vending machines that accept cashless payment is increasing its adoption among millennials and generation Z. Moreover, the legalization of alcohol vending machines in the US is also providing various growth opportunities to the vending machine market. For instance, in March 2020 a bill was introduced in Michigan through which beer and wine can be bought through delivery service and barroom vending machines. The bill aimed to increase flexibility for business and variety for consumers. 

The US 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. Beverage segment is expected to witness significant growth during the forecast period. 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 US Vending Machines market include Apex Industrial Technologies, LLC., Cardinal Distributing Co. Inc., Crane Merchandising Systems, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and geographical expansion, to stay competitive in the market.

Research Methodology

The market study of the US 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 from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional 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 as 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. US Vending Machines Market Research and Analysis by Type
2. US Vending Machine Market Research and Analysis by Product
3. US Vending Machines Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US 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 regional regulations and other government policies impacting the US vending machines industry.
• Insights about market determinants that are stimulating the US vending machines market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.