June 22, 2024

Vending Machine Market Size To Worth USD 37.95 Billion By 2032

The global vending machine market size was valued at USD 19.80 billion in 2023 and is projected to reach around USD 37.95 billion by 2032, growing at a CAGR of 7.50% from 2023 to 2032.

Vending Machine Market Size 2023 To 2032

The Vending Machine Market has witnessed substantial growth in recent years, transforming from traditional snack dispensers to sophisticated automated retail solutions. These machines, designed for convenience and accessibility, have become integral parts of various industries, offering a wide range of products beyond snacks, including beverages, electronics, and even personal care items. The market’s evolution reflects a shift in consumer preferences and a growing demand for on-the-go and contactless purchasing options.

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Vending Machine Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 7.50%
Market Size in 2023 USD 19.80 Billion
Market Size by 2032 USD 37.95 Billion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Type, By Application, and By Technology
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Growth Factors:

  • Technological Advancements: The integration of cutting-edge technologies, such as IoT (Internet of Things) and AI (Artificial Intelligence), has propelled the Vending Machine Market forward. Smart vending machines offer real-time inventory tracking, personalized recommendations, and secure payment options, enhancing the overall consumer experience.
  • Health and Wellness Trend: The increasing focus on health-conscious lifestyles has driven the demand for healthier vending options. Vending machines now offer a variety of nutritious snacks, organic beverages, and fresh food items, aligning with consumers’ preferences for better-for-you choices.
  • Contactless Transactions: The global emphasis on hygiene and safety, particularly in the wake of the COVID-19 pandemic, has accelerated the adoption of contactless payment methods. Vending machines equipped with touchless payment options, such as mobile wallets and contactless cards, have gained popularity, providing users with a seamless and secure transaction experience.
  • Customization and Personalization: Consumers appreciate tailored experiences, and vending machines are adapting to this trend. The market has seen a surge in customizable vending solutions, allowing users to personalize their orders, whether it’s adjusting portion sizes or selecting specific product combinations.
  • Diverse Product Offerings: Vending machines are no longer limited to snacks and beverages. The market has expanded to include a diverse array of products, from electronics and beauty products to freshly prepared meals. This diversification caters to a broader audience and widens the market’s scope beyond traditional boundaries.

Report highlights

By Type, vending machines can be classified into several categories, such as beverage vending machines, snack vending machines, and specialized vending machines for items like electronics or personal care products. This diversification reflects the market’s adaptability to consumer demands, offering a wide range of products through automated channels.

By Application, vending machines find their place in diverse settings. They are commonly deployed in locations like offices, schools, transportation hubs, and retail spaces. The versatility of vending machines extends beyond conventional areas, with innovative applications emerging in recent years, such as smart vending machines incorporating interactive displays and cashless payment options, catering to the evolving preferences of tech-savvy consumers.

By Technology, the vending machine market is undergoing a transformation driven by advancements in automation and connectivity. Traditional machines are evolving into smart vending solutions, integrating IoT (Internet of Things) capabilities to enable real-time monitoring and data analytics. This shift not only enhances operational efficiency for vendors but also provides a more seamless and interactive experience for consumers, fostering a technologically enriched vending landscape.

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Vending Machine Market Players

  • Crane Co.
  • SandenVendo America, Inc.
  • Fastcorp Vending LLC
  • Azkoyen S.A.
  • Fuji Electric Co., Ltd.
  • N&W Global Vending S.p.A.
  • Royal Vendors, Inc.
  • Selecta Group AG
  • Evoca Group
  • FAS International S.p.A.
  • Bianchi Industry SpA
  • Glory Limited
  • Sielaff GmbH & Co. KG
  • Groupe SEB
  • Vendekin Technologies

Segments Covered in the Report

By Type

  • Beverages Vending Machine
  • Tobacco Vending Machine
  • Others Vending Machine
  • Food Vending Machine

By Application

  • Hotels and Restaurants
  • Corporate Offices
  • Public Places
  • Others

By Technology

  • Semi-Automatic Machine
  • Smart Machine
  • Automatic Machine

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Vending Machine Market 

5.1. COVID-19 Landscape: Vending Machine Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Vending Machine Market, By Type

8.1. Vending Machine Market Revenue and Volume, by Type, 2023-2032

8.1.1 Beverages Vending Machine

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Tobacco Vending Machine

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Others Vending Machine

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Food Vending Machine

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Vending Machine Market, By Application

9.1. Vending Machine Market Revenue and Volume, by Application, 2023-2032

9.1.1. Hotels and Restaurants

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Corporate Offices

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Public Places

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Others

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Vending Machine Market, By Technology 

10.1. Vending Machine Market Revenue and Volume, by Technology, 2023-2032

10.1.1. Semi-Automatic Machine

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Smart Machine

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Automatic Machine

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Vending Machine Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

Chapter 12. Company Profiles

12.1. Crane Co.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. SandenVendo America, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Fastcorp Vending LLC

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Azkoyen S.A.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Fuji Electric Co., Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. N&W Global Vending S.p.A.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Royal Vendors, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Selecta Group AG

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Evoca Group

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. FAS International S.p.A.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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