Market Research Engine has published a new report titled as “Vending Machine Market Size byType (Food Vending Machine, Beverages Vending Machine, Tobacco Vending Machine), By Application (Hotels & Restaurants, Corporate Offices, Public Places), By Technology (Automatic Machine, Semi-automatic Machine, Smart Machine), By Sales Channel (Online, Offline), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”
The Vending Machine Market is expected to be around US$ 68.65 Billion by 2027 at a CAGR of 9.96% in the given forecast period.
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Vending machines are devices used for the determination of dispensing products such as tobacco products, food products, beverages productsand others. Vending machines are used at institutional buildings, restaurants & clubs, offices, residents, and others. Manufacturers are launching anddeveloping internet of things based vending machines. This has enabled real-time data gathering and an end-to-end IoT service to better monitor the machines.Moreover, innovations, such as interactive display system, voice recognitionand big data integration, have made it more convenient and user-friendly for consumers, thereby creating a positive impact on the vending machines market development. Rising demand for on-the-go snacks, drinks, etc. due to a hectic lifestyle is boosting product sales. The development can also be attributed to the machine’s ability to deliver goods quickly making it an extremely convenient option for consumers.Also, elasticity, in terms of location, i.e., indoor or outdoor coupled with the option to work the machines 24/7 without any manual intervention makes them ideal for use in offices and commercial and public areas. Vending machines are highly effective as they help save labour costs, which is also driving their demand.
The global Vending Machine market is segregated on the basis of Type as Food Vending Machine, Beverages Vending Machine, Tobacco Vending Machine, and Others. Based on Application the global Vending Machine market is segmented in Hotels & Restaurants, Corporate Offices, Public Places, and Others. Based on Technology the global Vending Machine market is segmented in Automatic Machine, Semi-automatic Machine, and Smart Machine.
The global Vending Machine market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Vending Machine market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Based on Sales Channel, the global Vending Machine market is segmented in Online and Offline.
The global Vending Machine market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Vending Machine market share. Major industry players with significant revenue share include Azkoyen Group, R.S. Hughes Co., Inc., Crane Merchandising Systems, Fuji Electric, GLORY, Sanden Corporation, Wurth Industry North America, Diebold Nixdorf, Mars, Incorporated, Cardinal Distributing Co. Inc, and others.
Azkoyen Group, R.S. Hughes Co., Inc., Crane Merchandising Systems, Fuji Electric, GLORY, Sanden Corporation, Wurth Industry North America, Diebold Nixdorf, Mars, Incorporated, Cardinal Distributing Co. Inc, and others are among the major players in the global Vending Machine market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Vending Machine Market has been segmented as below:
Vending Machine Market, By Type
- Food Vending Machine
- Beverages Vending Machine
- Tobacco Vending Machine
Vending Machine Market, By Application
- Hotels & Restaurants
- Corporate Offices
- Public Places
Vending Machine Market, By Technology
- Automatic Machine
- Semi-automatic Machine
- Smart Machine
Vending Machine Market, By Sales Channel
Vending Machine Market, By Region
- North America
- Rest of the World
Vending Machine Market, By Company
- Azkoyen Group
- R.S. Hughes Co., Inc.
- Crane Merchandising Systems
- Fuji Electric
- Sanden Corporation
- Wurth Industry North America
- Diebold Nixdorf
- Mars, Incorporated
- Cardinal Distributing Co. Inc
The report covers:
- Global Vending Machine market sizes from 2015 to 2024, along with CAGR for 2021-2027
- Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2027
- Global Vending Machine market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Vending Machine market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Reasons to Buy this Report:
- Gain detailed insights on the Vending Machine industry trends
- Find complete analysis on the market status
- Identify the Vending Machine market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
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Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Vending Machine, By Type
6. Vending Machine, By Application
7. Vending Machine, By Technology
8. Vending Machine, By Sales Channel
9. Competitive Landscape
10. Company Profiles
10.1 Azkoyen Group.
10.2 R.S. Hughes Co., Inc.
10.3 Crane Merchandising Systems
10.4 Fuji Electric
10.6 Sanden Corporation
10.7 Wurth Industry North America
10.8 Diebold Nixdorf
10.9 Mars, Incorporated
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