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 has the potential to grow by USD 65.09 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.24%.

This intelligent vending machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (beverage, food, and tobacco), installation sites (retail sites, public transport hubs, and offices), and geography (North America, Europe, APAC, South America, and MEA). 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.

What will the Intelligent Vending Machine Market Size be in 2021?

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Intelligent Vending Machine Market: Key Drivers and Trends

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 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.

  • The growing demand for cashless vending machines will fuel the growth of the intelligent vending machine market size.
  • 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. 
  • The tie-ups among retailers and manufacturers will drive the intelligent vending machine market growth during the forecast period.
  • Several players in industries such as cosmetics, personal and beauty care, and consumer goods and retail are shifting from conventional vending machines to smart vending machines to capitalize on profits.
  • The increasing presence of intelligent vending machines being introduced by popular global players is one of the leading drivers influencing the market.
  • The new smart and intelligent vending machines do not only provide a seamless experience for the user but also help in marketing and gathering insights on customer buying patterns.
  • There are several retailers and producers in different industries which are tied up together to capitalize on operating margins and profits and ensure customer satisfaction.

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.

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 growth strategies such as new project launches to compete in the market.

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-growing 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. 

Which are the Key Regions for Intelligent Vending Machine Market?

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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 machines in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

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.

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

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The intelligent vending machine market share growth by the beverage 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.

 

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What are the Key Factors 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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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The intelligent vending machine market growth will increase by $9330.96 million during 2019-2024.
The intelligent vending machine market is expected to grow at a CAGR of 21.75% during 2019-2024.
Technavio has segmented the intelligent vending machine market by product (Beverage, Food, and Tobacco) and geographic (North America, Europe, APAC, South America, and MEA).
Azkoyen SA, Compass Group USA Inc., 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 37.95% 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.
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