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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Vending Machines Market by Type
- Traditional Vending Machines
- Micro Markets
Global Vending Machines Market by Product
- Food & Snacks
- Beverages
- Others (Tabaco)
Global Vending Machines Market by Application
- Supermarkets and Retail Stores
- Public Places
- Offices/Institutions
- Other (Gyms)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American Vending Machines, Inc.
- Asahi Group Holdings Ltd.
- Azkoyen SA
- Bianchi Industry Spa
- Bulk Vending Systems Ltd.
- Coca-Cola Co.
- Compass Group plc
- Continental Vending Inc.
- Crane Merchandising Systems (Crane Co.)
- Diebold Nixdorf, Inc.
- Evoca Group
- FAS International
- Fuji Electric Co., Ltd.
- Jofemar SA
- Luigi Lavazza SPA
- Orasesta Spa
- Royal Vendors, Inc.
- Sanden Holdings Corp.
- Seaga Manufacturing Inc.
- Selecta TMP AG
- Sellmat Srl
- The Vendo Co.
- Westomatic Vending Services Ltd.
- Wurth Industry of North America LLC
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.
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