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Intelligent Vending Machine Market by Product, Installation Sites, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41183
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The intelligent vending machine market share is expected to increase by USD 65.09 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 11.24%.

The intelligent vending machine market report also offers information on several market vendors, including Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Co., Digital Media Vending International LLC, FAS International Srl, Fuji Electric Co. Ltd., Intel Corp., and Royal Vendors Inc. among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The intelligent vending machine market research report extensively covers market segmentation by product (beverage, food, and tobacco), market landscape (retail sites, public transport hubs, and offices), and geography (North America, Europe, APAC, South America, and MEA).

What will the Intelligent Vending Machine Market Size be During the Forecast Period?

Intelligent Vending Machine Market Size

Download the Free Report Sample to Unlock the Intelligent Vending Machine Market Size for the Forecast Period and Other Important Statistics

 

Intelligent Vending Machine Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing demand for cashless vending machines is notably driving the intelligent vending machine market growth, although factors such as rise in theft and vandalism may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the intelligent vending machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Intelligent Vending Machine Market Driver

  • One of the key factors driving growth in the intelligent vending machine market is the growing demand for cashless vending machines.
  • The increase in smartphone adoption and payment using Internet-enabled devices, debit cards, and credit cards are some factors responsible for the growth of cashless payments.
  • Companies are installing vending machines that can accept payments made through credit cards, debit cards, and mobile payments. This helps them to gain the attention of customers, consequently propelling sales.
  • Retailers operating in the market prefer purchasing vending machines that have a cashless feature.
  • With the growing inclination of customers toward cashless payments, the demand and purchase of cashless vending machines are increasing. 

Key Intelligent Vending Machine Market Trend

  • The ability of real-time data collection through intelligent vending machines is a major intelligent vending machine market trend that is expected to have a positive impact in the coming years.
  • Most vending machines focus on providing dispensing products.
  • The functionality of the machine is based on hardware and software along with the microprocessors and controllers used in designing the machine.
  • Intelligent vending machines have advanced features such as operations management, inventory management, customer analytics, transaction management, software and platform management, and digital advertising and content management system.
  • As intelligent vending machines handle in-data collection, data transfer, and data analysis, they allow retailers to focus on their core competencies of timely distribution and product quality.
  • An increase in preference for real-time data collection through intelligent vending machines is treading the global intelligent vending machine market.
  • During the forecast period, the incorporation of advanced features such as real-time data collection is projected to raise the value and volume sales of the machines.

Key Intelligent Vending Machine Market Challenge

  • The rise in theft and vandalism will be a major challenge for the intelligent vending machine market during the forecast period.
  • Increasing vandalism of intelligent vending machines is affecting the global industry. This is particularly prominent in the developing countries of APAC.
  • Intelligent vending machines are designed and developed for self-operation and do not need professional operators.
  • The machines have a lightweight body, which is very easy for fraudsters to vandalize. This is limiting the adoption of intelligent vending machines. 
  • Most vendors have started video surveillance, which restricts thefts and vandalism.
  • Several instances of hacking vending machines through mathematical codes have also come to the fore.
  • With the use of connected devices gaining acceptance globally, the threat of security of information is likely to become a key concern for end-users in the next few decades.

This intelligent vending machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categoirsez the global intelligent vending machine market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the intelligent vending machine market during the forecast period.

Who are the Major Intelligent Vending Machine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Azkoyen SA
  • Bianchi Industry SpA
  • Compass Group Plc
  • Crane Co.
  • Digital Media Vending International LLC
  • FAS International Srl
  • Fuji Electric Co. Ltd.
  • Intel Corp.
  • Royal Vendors Inc.

 

This statistical study of the intelligent vending machine market encompasses successful business strategies deployed by the key vendors. The intelligent vending machine market is fragmented and the vendors are deploying organic and inorganic growth strategies such as [mention one vendor strategy] to compete in the market.

Product Insights and News

  • Azkoyen SA - The company offers intelligent vending machine under the brand name Mistral+ H70.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growiong segments.

The intelligent vending machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Intelligent Vending Machine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the intelligent vending machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the electronic equipment and instruments market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • After-sales service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Intelligent Vending Machine Market?

Intelligent Vending Machine Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for intelligent vending machine in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The popularity of vending machines, the concentration of manufacturers and retailers, the presence of buyers that are aware of technologies, and the utility of vending machines will facilitate the intelligent vending machine market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 severely impacted various manufacturing industries in North America. The demand for intelligent vending machines declined to owe to the lockdown restrictions and closure of public places, offices, and offline retail stores. However, the decrease in the number of COVID-19 cases in the region led to ease of restrictions on movement in public places. This, in turn, led to an increase in the usage of intelligent vending machines. The artificial vending machines allow customers to have a personalized experience with minimal human interactions. Thus, intelligent vending machines have changed the shopping scenario in the region and made purchasing items easier and safer due to the cloud-connected smart devices and take full advantage of AI and the IoT.

What are the Revenue-generating Product Segments in the Intelligent Vending Machine Market?

Intelligent Vending Machine Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The intelligent vending machine market share growth by the beverages segment will be significant during the forecast period. Countries such as Spain, Germany, and the UK experienced the highest beverage sales. This was followed by North American countries. In Japan, the demand for alcoholic beverages such as beer has increased, thereby fueling the sales of products through vending machines. This has led retailers to prefer vending machines in their stores.

This report provides an accurate prediction of the contribution of all the segments to the growth of the intelligent vending machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Intelligent Vending Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.24%

Market growth 2021-2025

$ 65.09 billion

Market structure

Fragmented

YoY growth (%)

9.60

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, Canada, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Co., Digital Media Vending International LLC, FAS International Srl, Fuji Electric Co. Ltd., Intel Corp., and Royal Vendors Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Intelligent Vending Machine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive intelligent vending machine market growth during the next five years
  • Precise estimation of the intelligent vending machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the intelligent vending machine industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of intelligent vending machine market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Electronic equipment and instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Beverage - Market size and forecast 2020-2025
      • Exhibit 17: Beverage - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Beverage - Year-over-year growth 2020-2025 (%)
    • 5.4 Food - Market size and forecast 2020-2025
      • Exhibit 19: Food - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Food - Year-over-year growth 2020-2025 (%)
    • 5.5 Tobacco - Market size and forecast 2020-2025
      • Exhibit 21: Tobacco - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Tobacco - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 23: Market opportunity by Product

    6 Market Segmentation by Installation sites

    • 6.1 Market segments
      • Exhibit 24: Installation sites - Market share 2020-2025 (%)
    • 6.2 Comparison by Installation sites
      • Exhibit 25: Comparison by Installation sites
    • 6.3 Retail sites - Market size and forecast 2020-2025
      • Exhibit 26: Retail sites - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Retail sites - Year-over-year growth 2020-2025 (%)
    • 6.4 Public transport hubs - Market size and forecast 2020-2025
      • Exhibit 28: Public transport hubs - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Public transport hubs - Year-over-year growth 2020-2025 (%)
    • 6.5 Offices - Market size and forecast 2020-2025
      • Exhibit 30: Offices - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Offices - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by Installation sites
      • Exhibit 32: Market opportunity by Installation sites

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 34: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 35: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 46: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 47: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 48: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 49: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 50: Landscape disruption
          • Exhibit 51: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • Exhibit 52: Vendors covered
        • 11.2 Market positioning of vendors
          • Exhibit 53: Market positioning of vendors
        • 11.3 Azkoyen SA
          • Exhibit 54: Azkoyen SA - Overview
          • Exhibit 55: Azkoyen SA - Business segments
          • Exhibit 56: AZKOYEN SA- Key news
          • Exhibit 57: Azkoyen SA - Key offerings
          • Exhibit 58: Azkoyen SA - Segment focus
        • 11.4 Bianchi Industry SpA
          • Exhibit 59: Bianchi Industry SpA - Overview
          • Exhibit 60: Bianchi Industry SpA - Product and service
          • Exhibit 61: Bianchi Industry SpA - Key news
          • Exhibit 62: Bianchi Industry SpA - Key offerings
        • 11.5 Compass Group Plc
          • Exhibit 63: Compass Group Plc - Overview
          • Exhibit 64: Compass Group Plc - Business segments
          • Exhibit 65: Compass Group PLC- Key news
          • Exhibit 66: Compass Group Plc - Key offerings
          • Exhibit 67: Compass Group Plc - Segment focus
        • 11.6 Crane Co.
          • Exhibit 68: Crane Co. - Overview
          • Exhibit 69: Crane Co. - Business segments
          • Exhibit 70: Crane Co. - Key offerings
          • Exhibit 71: Crane Co. - Segment focus
        • 11.7 Digital Media Vending International LLC
          • Exhibit 72: Digital Media Vending International LLC - Overview
          • Exhibit 73: Digital Media Vending International LLC - Product and service
          • Exhibit 74: Digital Media Vending International LLC - Key offerings
        • 11.8 FAS International Srl
          • Exhibit 75: FAS International Srl - Overview
          • Exhibit 76: FAS International Srl - Product and service
          • Exhibit 77: FAS International Srl - Key offerings
        • 11.9 Fuji Electric Co. Ltd.
          • Exhibit 78: Fuji Electric Co. Ltd. - Overview
          • Exhibit 79: Fuji Electric Co. Ltd. - Business segments
          • Exhibit 80: Fuji Electric Co- Key news
          • Exhibit 81: Fuji Electric Co. Ltd. - Key offerings
          • Exhibit 82: Fuji Electric Co. Ltd. - Segment focus
        • 11.10 Intel Corp.
          • Exhibit 83: Intel Corp. - Overview
          • Exhibit 84: Intel Corp. - Business segments
          • Exhibit 85: Intel Corp.- Key news
          • Exhibit 86: Intel Corp. - Key offerings
          • Exhibit 87: Intel Corp. - Segment focus
        • 11.11 Royal Vendors Inc.
          • Exhibit 88: Royal Vendors Inc. - Overview
          • Exhibit 89: Royal Vendors Inc. - Product and service
          • Exhibit 90: Royal Vendors Inc. - Key offerings
        • 11.12 Westomatic Vending Services Ltd.
          • Exhibit 91: Westomatic Vending Services Ltd.  - Overview
          • Exhibit 92: Westomatic Vending Services Ltd.  - Product and service
          • Exhibit 93: Westomatic Vending Services Ltd.  - Key offerings

        12 Appendix

        • 12.1 Scope of the report
          • 12.2 Currency conversion rates for US$
            • Exhibit 94: Currency conversion rates for US$
          • 12.3 Research methodology
            • Exhibit 95: Research Methodology
            • Exhibit 96: Validation techniques employed for market sizing
            • Exhibit 97: Information sources
          • 12.4 List of abbreviations
            • Exhibit 98: List of abbreviations

          Research Framework

          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

          TechnavioINFORMATION SOURCES

          Primary sources

          • Manufacturers and suppliers
          • Channel partners
          • Industry experts
          • Strategic decision makers

          Secondary sources

          • Industry journals and periodicals
          • Government data
          • Financial reports of key industry players
          • Historical data
          • Press releases
          Technavio

          TechnavioDATA ANALYSIS

          Data Synthesis

          • Collation of data
          • Estimation of key figures
          • Analysis of derived insights

          Data Validation

          • Triangulation with data models
          • Reference against proprietary databases
          • Corroboration with industry experts
          Technavio

          TechnavioREPORT WRITING

          Qualitative

          • Market drivers
          • Market challenges
          • Market trends
          • Five forces analysis

          Quantitative

          • Market size and forecast
          • Market segmentation
          • Geographical insights
          • Competitive landscape
          Interested in this report?
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          Intelligent Vending Machine market growth will increase by $11244.85 million during 2020-2024.
          The intelligent vending machine market is expected to grow at a CAGR of 24.73% during 2020-2024.
          Technavio has segmented the intelligent vending machine market by product (Beverage, Food, and Tobacco) ,other 1 (Retail sites, Public transport hubs, Offices, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
          AZKOYEN SA, Canteen Vending Services, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., Glory Ltd., Ingenico Group SA, Intel Corp., Royal Vendors Inc., Westomatic Vending Services Ltd. are a few of the key vendors in the intelligent vending machine market.
          North America will register the highest growth rate of 37.98% among the other regions. Therefore, the intelligent vending machine market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the intelligent vending machine market growth are:
          • Growing demand for cashless vending machines
          • Ability of real-time data collection through intelligent vending machines
          The intelligent vending machine market vendors should focus on grabbing business opportunities from the beverage segment as it accounted for the largest market share in the base year.
          • What are the key global market and the regional market share?
          • What are the revenue-generating key market segments?
          • What are the key factors driving and challenging this market’s growth?
          • Who are the key market vendors and their growth strategies?
          • What are the latest trends influencing the growth of this market?
          • What are the variables influencing the market growth in the primary regions?
          • What are the factors influencing the growth of the parent market?
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          • Detailed vendors report with competitive landscape
          • Covid-19 impact and recovery analysis
          • Data on revenue-generating market segments
          • Details on the market shares of various regions
          • Five-force market analysis

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