Food and beverage vending machine market is anticipated to grow at a CAGR of 12% during the forecast period. Many companies globally have increased efforts to be more sustainable and eco-friendlier by introducing eco-friendly & energy-efficient vending machines which are escalating the growth of the market. Key players in the market are focusing on environmentally friendly vending machines which are manufactured using a natural refrigerant having a low global warming coefficient. Environment-friendly food and beverage vending machines are increasingly being deployed at schools, institutions, offices, malls, and other public places.
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Moreover, buying eco-friendly vending machines supports consumers to reduce power use as they are equipped with energy-saving modes. The market players are focusing on environmental concerns as it necessitates the development of more energy-efficient vending machines which is fueling the growth of the market. For instance, in 2020, developed by KOMPEITO Inc, SALAD STAND is a vending machine that sells salads 24 hours a day. The vending machine is eco-friendly as firstly dispenses in an eco-friendly manner without the use of disposable materials and secondly, the vending machine itself is a non-CFC vending machine that does not emit CFC gas, which is harmful to the ozone layer. Such a great initiative by key players is set to increase the demand for food and beverage vending machines in the market.
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By Product Type (Beverage Vending Machine and Food Vending Machine),
By Payment Mode (Cash and Cashless), By Application (Corporate, Public infrastructure, Retail Stores, and Others),
Market Players Outlook
The major companies serving the global food and beverage vending machine market include Bianchi Industry S.p.A., American Vending Machine, Inc., Fuji Electric Co., Ltd., SandenVendo GmbH, and Innovative Vending Solutions, LLC. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in 2022, Kepler Capital Ltd. announced that it has completed its seventh acquisition by acquiring majority ownership of Service Station Vending Equipment, Inc. (SSVE). With a fleet of 4,000 machines throughout New York state, New Jersey, Maryland, and several other states, SSVE is one of the leading players in the Northeast region.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global food and beverage vending machine 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.
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