Global Connected Vending Machine Market 2016-2020

Overview of the global connected vending machine market

Technavio’s market research analyst predicts that the global connected vending machine market will grow at a rapid CAGR of just over 23% during the forecast period. The rising adoption of connected vending machines in the retail sector is a noteworthy factor promoting market growth during the predicted period. In the retail sector, connected vending machines are extensively used as they are better at interacting with customers at retail outlets. Since these machines are useful for collecting customer data, they allow retailers to customize their service and product offerings as per the needs of customers. The ability of these machines to help operators captivate the audience, attain higher sales, and increase brand visibility will lead to its increased adoption over the next few years.

An important trend influencing the prospects for growth in this market is the retrofitting of existing vending machines. Due to increasing market competition, vendors are bringing in new technologies to the market, but the cost of employing such technologies and installing new vending machines will be very high. Consequently, the need for retrofitting will increase as it will help retailers to avoid the cost of installing a new vending machine amid fluctuating economic conditions.

Location-based segmentation of the connected vending machine market

• Offices
• Manufacturing plants
• Restaurants, bars, clubs, and hotels
• Retail sites
• Hospitals and nursing homes
• Universities and schools
• Military bases

During 2015, the offices segment dominated this market and accounted for a market share of almost 22%. In offices, connected vending machines are used to serve a variety of beverages like coffee, tea, hot milk, and cold drinks. Since offices are generally crowded areas, they are the most favorable location for installing connected vending machines.

Geographical segmentation of the connected vending machine market

• Americas
• APAC
• EMEA

Currently, the Americas is the largest market for connected vending machines globally and will retain its market position until 2020 owing to the increasing popularity and awareness of connected vending machines in the region. Factors like the high smartphone penetration and the presence of tech-savvy consumers in this region will lead to the growth of this market during the next four years.

Competitive landscape and key vendors

The landscape for the global connected vending machines market is very competitive due to the presence of many local and multinational vendors. Since this market is fragmented, competition between providers is high, and is expected to remain so over the next few years. Low market penetration and rapid technological changes are other factors intensifying competition among suppliers. 

Key vendors in the market are -

• Coin Acceptors
• Crane
• Cubic
• Fuji Electric
• MEI

Other vendors in the market include Adrich Vending International Sp., Allied Drink Systems Ltd., American Vending Machine Inc., Asahi Seiko (Europe) Ltd., Atlas Vending Pte. Ltd., Bettavend Ltd., Bianchi Vending group SpA, Bulk Vending Systems Ltd., Cantaloupe Systems Inc., Canteen Corp., Continental Vending Inc., ETNA Coffee Technologies Fresh & Honest Café Ltd., Fresh Healthy Vending International Inc., Glory Ltd., GTECH Corp., Innovative Vending Solutions LLC, Local Vending Ltd., Maas International Group B.V., Manchester Vending Services Ltd., Panasonic Corp., Royal Vendors Inc., Sanden Vendo America, Inc., UK Vending Ltd., Vending Inc., Verifone Systems Inc., VendScreen Inc., and Westomatic Vending Services Ltd.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global connected vending machine market?
• What are the key market trends impacting the growth of the global connected vending machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global connected vending machine market?
• What are the market opportunities and threats faced by the vendors in the global connected vending machine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global connected vending machine market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Automated Dispensing Machines Market 2015-2019

A connected vending machine is a new breed of vending machine that is equipped with barcode readers, geofencing technology, telemetry sensors, and NFC payment options. They have a personalized gigantic touchscreen (42” HD touchscreen) and also contain a camera, microphone, and speakers. Due to the advent of these advanced vending machines (VMs), retailers can better engage their consumers to bolster their revenue generating capacity.

The report, global connected vending machine market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.