Vending Machines Market
Global Vending Machines Market Size, Share & Trends Analysis Report By Type (Traditional Vending Machines and Micro Markets), By Product (Food & Snacks, Beverages, and Others), By Application (Supermarkets and Retail Stores, Public Places, Offices/Institutions, and Other), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The vending machines market is anticipated to grow at a modest CAGR of 6.3% during the forecast period. The vending machine is an automated machine that dispenses various articles such as food packets, beverages, candies & chocolates, and many more upon request. Vending machines are available with both cash and cashless mode options. The vending machine market is mainly driven by the increasing demand for technology-enabled machines, especially among the younger generation. In addition to this, the increasing emphasis on cash-less payment will also influence the adoption of vending machines across the globe. Moreover, vending machines also aid in saving the additional labor cost.
With the development of smart cities and supermarkets in emerging economies, a considerable demand for vending machines would be witnessed in the near future. Besides, changing food patterns and high adoption of ready-to-eat food and packaged food in the emerging economies is also driving the market growth. However, the low awareness regarding the use of vending machines especially in emerging economies is expected to challenge the growth of the market during the forecast period. In addition to this, raising security concerns with the vending machines is also hindering the growth of the market.
Segmental Outlook
The global 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. Further, based on the application, the market is sub-segmented into supermarkets & retail stores, public places, offices & institutions, and others.
The offices or institutions vending machines segment will grow at a considerable rate
The offices or institutions vending machines segment is anticipated to grow with a significant CAGR in the vending machines market during the forecast period. Vending machines in the office and institutional setting are used widely to save space, time, and maintain cleanliness across the area. The high growth of the segment is mainly attributed to the increasing number of corporate offices across the globe. Additionally, increasing emphasis on providing the latest facilities in the educational institutes is also driving the adoption of vending machines across such institutions. Moreover, the low cost of maintenance and user-friendly nature of vending machines is also promoting their use in the corporate offices.
Global Vending Machines Market Share by Type, 2019 (%)
Regional Outlooks
The global vending machines market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to be the leading region in the vending machine market during the forecast period. The high market share across the region is mainly attributed to the high demand for self-services across all sectors and especially the retail sector. The already penetrated vending machines in the US and Canada that are now being replaced with the latest and smart vending machines will aid in the growth of the market across the region. Moreover, increasing demand for self-service cashless vending machines especially among the younger generation and generation Z will also provide substantial growth to the market in the region.
Asia-Pacific is expected to grow considerably in the vending machine market
Asia-Pacific is anticipated to show a significant growth rate in the vending machines market owing to the increasing adoption of technologies such as self-service machines, especially among young consumers. Additionally, a sudden shift in the buying behavior of consumers across the region will also influence the growth of the market. In addition to this, rapid urbanization activities and the development of smart cities (along with new bus, railway, and metro stations) especially in developing economies such as India and China are also driving the vending machines market during the forecast period. Moreover, the increasing number of corporate and multinational offices will also aid in the growth of the market.
Global Vending Machines Market Growth, by Region 2020-2026
Market Players Outlook
The key players of the vending machines market include Azkoyen SA, Crane Merchandising Systems, Diebold Nixdorf, Inc, 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, funding to the start-ups, and new product launches to stay competitive in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Vending Machines market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Azkoyen SA
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Crane Merchandising Systems (Crane Co.)
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Diebold Nixdorf, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Fuji Electric Co., Ltd.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Compass Group plc
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Vending Machines Market by Type
5.1.1. Traditional Vending Machines
5.1.2. Micro Markets
5.2. Global Vending Machines Market by Product
5.2.1. Food & Snacks
5.2.2. Beverages
5.2.3. Others (Tabaco)
5.3. Global Vending Machines Market by Application
5.3.1. Supermarkets and Retail Stores
5.3.2. Public Places
5.3.3. Offices/Institutions
5.3.4. Other (Gyms)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. American Vending Machines, Inc.
7.2. Asahi Group Holdings Ltd.
7.3. Azkoyen SA
7.4. Bianchi Industry Spa
7.5. Bulk Vending Systems Ltd.
7.6. Coca-Cola Co.
7.7. Compass Group plc
7.8. Continental Vending Inc.
7.9. Crane Merchandising Systems (Crane Co.)
7.10. Diebold Nixdorf, Inc.
7.11. Evoca Group
7.12. FAS International
7.13. Fuji Electric Co., Ltd.
7.14. Jofemar SA
7.15. Luigi Lavazza SPA
7.16. Orasesta Spa
7.17. Royal Vendors, Inc.
7.18. Sanden Holdings Corp.
7.19. Seaga Manufacturing Inc.
7.20. Selecta TMP AG
7.21. Sellmat Srl
7.22. The Vendo Co.
7.23. Westomatic Vending Services Ltd.
7.24. Wurth Industry of North America LLC
1. GLOBAL VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. GLOBAL TRADITIONAL VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL MICRO MARKETS VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
5. GLOBAL VENDING MACHINES FOR FOOD & SNACKS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL VENDING MACHINES FOR BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL VENDING MACHINES FOR OTHER PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
9. GLOBAL VENDING MACHINES FOR SUPERMARKETS AND RETAIL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL VENDING MACHINES FOR PUBLIC PLACES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL VENDING MACHINES FOR OFFICES/INSTITUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL OTHERS APPLICATION VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
14. NORTH AMERICAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
16. NORTH AMERICAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
17. NORTH AMERICAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
18. EUROPEAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
20. EUROPEAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
21. EUROPEAN VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
26. REST OF THE WORLD VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
27. REST OF THE WORLD VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
28. REST OF THE WORLD VENDING MACHINES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL VENDING MACHINES MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. GLOBAL VENDING MACHINES MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
3. GLOBAL VENDING MACHINES MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL TRADITIONAL VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL MICRO MARKETS VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL FOOD & SNACKS VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL BEVERAGES VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL OTHERS PRODUCT VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL SUPERMARKETS AND RETAIL STORES VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL PUBLIC PLACES VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL OFFICES/INSTITUTIONS VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. GLOBAL OTHER APPLICATION VENDING MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
14. US VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
15. CANADA VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
16. UK VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
17. FRANCE VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
18. GERMANY VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
19. ITALY VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
20. SPAIN VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
21. REST OF EUROPE VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
22. INDIA VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
23. CHINA VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
24. JAPAN VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
25. REST OF ASIA-PACIFIC VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
26. REST OF THE WORLD VENDING MACHINES MARKET SIZE, 2019-2026 ($ MILLION)
