The Pacific Vending Machines Market is anticipated to grow with a considerable CAGR of 7.9% during the forecast period. Vending machines can be easily found around the stations, hotels, hospitals, amusement parks, commercial buildings, or simply by the side of the road. The growth of the market will be mainly influenced by the high penetration of vending machines in countries such as Japan, Singapore, among others. Additionally, developing economies such as India and China are also witnessing various growth potentials in the vending machine market. Moreover, the increasing adoption of vending machines in the continuously growing corporate sector of the region will also drive the growth of the market.
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Furthermore, the vending machine manufacturers are also trying to make their machines as environment-friendly as possible by saving energy and reducing CO2 emissions. For instance, the indoor vending machines manufactured by Suntory Holdings Ltd., have a 24-hour “Lights Out” rule, and similarly outdoor vending machines having no lighting during daytime hours. In addition to this, the vending machine manufacturers are also promoting the use of use refrigerant with low global warming coefficients such as natural refrigerants and R-1234yf. Hence, a new trend of these eco-friendly vending machines is expected to be witnessed in the region in the near future.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type, By Product, By Application
- Region Covered- Asia-Pacific
- Competitive Landscape- Fuji Electric Co., Ltd., Asahi Group Holdings, Ltd., ProVending Machine Co., Ltd., Suntory Holdings Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which segment and country will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected country and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Pacific Vending Machines Market Report Segment
By Type
- Traditional Vending Machines
- Micro Markets
By Product
- Food & Snacks
- Beverages
- Others
By Application
- Supermarket and retail stores
- Public Places
- Offices/Institutions
- Other
A full report of Asia Pacific Vending Machines Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-vending-machines-market-share
