Global Vending Machine Market Poised to Reach USD 72.46 Billion by 2030 with a CAGR of 8.1%, Up from USD 42.00 Billion in 2023

Anticipated Growth in Revenue:

Global Vending Machine Market was valued nearly US$ 88.34 Bn. in 2023. Global Vending Machine Market size is estimated to grow at a CAGR of 5% & is expected to reach at US$ 124.31 Bn. by 2030.

Vending Machine Market Overview:

A vending machine is an automated machine that provides items such as snacks, beverages, cigarettes, and lottery tickets to consumers after cash, a credit card, or other forms of payment are inserted into the machine or otherwise made.Vending Machine Market has a dispensing unit and accepts payment in only cash and coins. The intelligent vending machines are enhanced traditional vending machines that are integrated with primary functionalities such as LCD/touchscreen, cashless systems, telemetry systems, voice recognition, digital signage, and enterprise resource planning (ERP) systems, among others. The COVID-19 pandemic negatively impacted the overall Vending Machine Market growth due to supply chain disruption and lowered demand from the end-users due to the work-from-home model. The severity of the virus subsided, several end-use industries were seen returning to the office and eventually increasing the demand for the Vending Machine Market. The growing adoption of the Internet of Things (IoT) and connected device technologies is anticipated to support the expansion of the intelligent Vending Machine Market during the forecasted period. Consumers' increasing adoption of contactless and cashless payments to make food & beverage purchases is further boosting the Vending Machine Market growth.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Vending-Machine-Market/1374

What are Vending Machine Market Dynamics?

Increase in demand for food vending machines in offices and institutions, increase in consumption of convenience food items, and the acceptance of smart customer service technologies in several food categories are the powerful factors for the growth of the Vending Machine Market. The demand for machines has increased during the forecast period and with the introduction of cashless payment systems, smart technology solutions are acquisition energy on a large scale across the world. The increasing urbanization and rising disposable income have fuelled the Vending Machine Market growth. Governments of various regions restricted the use of food & beverage vending machines in many places, such as schools and colleges, thereby limiting the demand for vending machine market.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Vending-Machine-Market/1374

What is Vending Machine Market Regional Insight?

Based on geographies, the global industry has been further categorized into North America, Asia Pacific, Middle East & Africa, Europe, and Central & South America. North America dominated the global industry in 2023 and accounted for the highest share of more than 30.7% of the overall revenue. The region is projected to expand further at a steady CAGR maintaining its dominant position throughout the forecast period. The rise of self-service technology in this region has created new business avenues for retail vending machines. Therefore, several retail vending machine operators are focusing on launching their businesses in strategic locations across the region.

What is Vending Machine Market Segmentation?

By Type

Beverages

Tobacco

Food vending

By Application

Hotels & Restaurants

Corporate Office

Public Places

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.stellarmr.com/report/req_sample/Vending-Machine-Market/1374

Some of the current players in the Vending Machine Market are:
Azkoyen Group
Cantaloupe Systems
Westomatic Vending Services Limited
Royal Vendors, Inc.
Glory Ltd.
Sanden Holding Corp.
Seaga Manufacturing Inc.
Orasesta S.p.A
Sellmat s.r.l.
Fuji Electric Co., Ltd.
JARSS Foods

Key Offerings:

Past Market Size and Competitive Landscape
Vending Machine Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Vending Machine Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

Explore our top-performing reports on the latest trends:

Perfumery Glass Bottle Market https://www.stellarmr.com/report/Perfumery-Glass-Bottle-Market/1057

Intelligent Camera Market https://www.stellarmr.com/report/Intelligent-Camera-Market/1090

Medicated Skin Care Products Market https://www.stellarmr.com/report/Medicated-Skin-Care-Products-Market/1093

Membrane Bioreactor Market https://www.stellarmr.com/report/Membrane-Bioreactor-Market/1094

Blood Culture Test Market https://www.stellarmr.com/report/Blood-Culture-Test-Market/1102

Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656

About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

This release was published on openPR.