Intelligent Vending Machine Market by Product, Installation Sites, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 154 SKU: IRTNTR41183

The intelligent vending machine market is estimated to grow at a CAGR of 24.94% between 2022 and 2027. The size of the market is forecast to increase by USD 17,231.5 million. The growth of the market depends on several factors, including growing demand for cashless vending machines, the retail industry is a game-changer in intelligent vending machines and tie-ups among retailers and manufacturers.

This report extensively covers market segmentation by product (beverage, food, and tobacco) geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

To learn more about this report, Download Report Sample

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

The growing demand for cashless vending machines is notably driving the intelligent vending machine market growth, although factors such as the rising incidents of theft and vandalism may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Intelligent Vending Machine Market Driver 

The growing demand for cashless vending machines is notably driving the intelligent vending machine market growth. Cashless payments through vending machines is growing at a significant rate since 2015. The increase in smartphone adoption and payments 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. 

The significant growth in near-field technology (NFT) is also responsible for the increase in cashless transactions. Cashless payments are expected to become mainstream in the future as customers pay more attention to cashless transactions. Therefore, with the growing inclination of customers toward cashless payments, the demand for and purchase of cashless vending machines is increasing. Such factors are expected to boost the growth of the global intelligent vending machine market during the forecast period.

Key Intelligent Vending Machine Market Trend

The ability of intelligent vending machines to undertake real-time data collection is the primary trend driving the intelligent vending machine market growth. Most vending machines focus on 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 systems. 

Machine learning algorithms and real-time customer data tracking features allow retailers to analyze customer profiles based on customer behavior and the number of purchases. As intelligent vending machines handle in-data collection, data transfer, and data analysis, they allow retailers to focus on their core competencies such as timely distribution and product quality. An increase in preference for real-time data collection through intelligent vending machines is trending in the market. Thus, during the forecast period, the incorporation of advanced features such as real-time data collection capabilities is projected to raise the value and volume sales of vending machines. Such factors are expected to boost the growth of the market during the forecast period.

Key Intelligent Vending Machine Market Challenge

The rising incidents of theft and vandalism may impede the intelligent vending machine market growth. The increasing vandalism of intelligent vending machines is affecting the global market. 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. These machines have a lightweight body, which is very easy for criminal elements to vandalize. This is limiting the adoption of intelligent vending machines.

However, most end-users have installed video surveillance near their intelligent vending machines, which prevents incidents of theft and vandalism. Several instances of hacking into vending machines using mathematical codes have also come to light. With the use of connected devices gaining acceptance globally, a threat to the security of information is likely to become a key concern for end-users in the next few decades. This can become a major challenge, which can hinder the growth of the market during the forecast period.

Key Intelligent Vending Machine Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Intelligent Vending Machine Market Customer Landscape

Who are the Major Intelligent Vending Machine Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Crane - The company offers intelligent vending machines such as COTI, Linea, and Cali. The company's fluid handling segment provides industrial fluid control products, including valves, pumps, lined pipes, and instrumentation. This segment comprises Crane Payment Innovations, Crane Currency, and Crane Merchandising Systems. It supplies banknotes and related security solutions, as well as manufactures coins, bills, cashless payment solutions, vending equipment, and related software and wireless communications technology.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Advantech Co. Ltd.
  • Automated Merchandising Systems Inc.
  • Azkoyen SA
  • Bianchi Industry SpA
  • Compass Group Plc
  • Crane Co.
  • Digital Media Vending International LLC
  • EVOCA Spa
  • Fas International Srl
  • Fastcorp Vending LLC
  • Furukawa Electric Co. Ltd.
  • Rhea Vendors Group Spa
  • Royal Vendors Inc.
  • Seaga Manufacturing Inc.
  • Selecta Group BV
  • Shanghai Linhan Information Technology Co. Ltd.
  • Silkron Technology Sdn Bhd
  • The Wittern Group Inc.
  • Vendors Exchange International Inc.
  • Westomatic Vending Services Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Intelligent Vending Machine Market?

The market share growth by the beverage segment will be significant during the forecast period. The beverage segment was the largest segment of the global intelligent vending machine market in 2022 and will continue to be the largest segment during the forecast period. Countries such as Spain, Germany, and the UK experienced the highest beverage sales. For instance, according to FoodDrinkEurope's latest data for 2021, the sales of food and beverages in Europe generated a turnover of USD 1.1 trillion and USD 222 billion, respectively, and employed around 4.5 million people; this region was followed by North American countries. For example, according to the WHO, in 2019, the consumption of alcoholic beverages in Canada was higher than the global average.

Get a glance at the market contribution of various segments  Request a PDF Sample

The beverage segment showed a gradual increase in market share from USD 2,438.79 million in 2017 and continued to grow by 2021. The demand for alcoholic beverages such as beer is growing significantly, thereby fueling the sales of products through vending machines. This has led retailers to prefer to keep vending machines in their stores. Thus, with the increasing demand for beverages, the beverage segment of the market will grow significantly during the forecast period.

Which are the Key Regions for the Intelligent Vending Machine Market?

For more insights on the market share of various regions Request PDF Sample now!

North America is estimated to contribute 38% of the global market growth. The US and Canada were the major contributors of revenue to the global intelligent vending machine market. 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 drive the growth of the market in the region. As early adopters of new technologies, customers in North America are seeking interactive kiosks and intelligent vending machines, which provide a good user experience. The intelligent vending machine market in North America is growing, owing to the rising demand for self-help automated and technologically advanced machines in retail outlets. The evolution of technologies and the need to automate the business process in different domains is expected to drive the growth of the intelligent vending machine market in North America during the forecast period.

Further, intelligent vending machines are becoming increasingly popular among several new end-user groups such as apartments and recreation and amusement centers. Besides their wide use in hypermarkets and supermarkets, intelligence vending machines are also popular in retail formats such as specialty retailers and department stores, which will support demand for such machines during the forecast period. The need for replacing basic or first-generation vending terminals in the region is another factor that is expected to drive the growth of the intelligent vending machine market in North America during the forecast period.

Parent Market Analysis

Technavio categorizes the global intelligent vending machine market as a part of the global electronic equipment and instruments market within the overall electronics market. The parent global electronics market includes manufacturers of communications equipment, technology hardware, storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Product Outlook ( USD Million, 2017 - 2027)
    • Beverage
    • Food
    • Tobacco
  • Installation Sites Outlook ( USD Million, 2017 - 2027)
    • Retail sites
    • Public transport hubs
    • Offices
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Intelligent Vending Machine Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.94%

Market growth 2023-2027

USD 17,231.5 million

Market structure

Fragmented

YoY growth (%)

20.87

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advantech Co. Ltd., Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Co., Digital Media Vending International LLC, EVOCA Spa, Fas International Srl, Fastcorp Vending LLC, Furukawa Electric Co. Ltd., Rhea Vendors Group Spa, Royal Vendors Inc., Seaga Manufacturing Inc., Selecta Group BV, Shanghai Linhan Information Technology Co. Ltd., Silkron Technology Sdn Bhd, The Wittern Group Inc., Vendors Exchange International Inc., and Westomatic Vending Services Ltd.

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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

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

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the intelligent vending machine market size and its contribution to the market in focus on the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Market industry growth across North America, Europe, APAC, South America, and the Middle East and Africa.
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of intelligent vending machine market vendors.

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Installation Sites
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global intelligent vending machine market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global intelligent vending machine market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Installation sites Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Installation sites Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Beverage - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Beverage - Year-over-year growth 2022-2027 (%)
    • 6.4 Food - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Food - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Food - Year-over-year growth 2022-2027 (%)
    • 6.5 Tobacco - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Tobacco - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Tobacco - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Tobacco - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Tobacco - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by Installation Sites

    • 7.1 Market segments
      • Exhibit 47: Chart on Installation Sites - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Installation Sites - Market share 2022-2027 (%)
    • 7.2 Comparison by Installation Sites
      • Exhibit 49: Chart on Comparison by Installation Sites
      • Exhibit 50: Data Table on Comparison by Installation Sites
    • 7.3 Retail sites - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Retail sites - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Retail sites - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Retail sites - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Retail sites - Year-over-year growth 2022-2027 (%)
    • 7.4 Public transport hubs - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Public transport hubs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Public transport hubs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Public transport hubs - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Public transport hubs - Year-over-year growth 2022-2027 (%)
    • 7.5 Offices - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Offices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Offices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Offices - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Offices - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Installation Sites
      • Exhibit 63: Market opportunity by Installation Sites ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Advantech Co. Ltd.
              • Exhibit 116: Advantech Co. Ltd. - Overview
              • Exhibit 117: Advantech Co. Ltd. - Business segments
              • Exhibit 118: Advantech Co. Ltd. - Key offerings
              • Exhibit 119: Advantech Co. Ltd. - Segment focus
            • 12.4 Automated Merchandising Systems Inc.
              • Exhibit 120: Automated Merchandising Systems Inc. - Overview
              • Exhibit 121: Automated Merchandising Systems Inc. - Product / Service
              • Exhibit 122: Automated Merchandising Systems Inc. - Key offerings
            • 12.5 Azkoyen SA
              • Exhibit 123: Azkoyen SA - Overview
              • Exhibit 124: Azkoyen SA - Business segments
              • Exhibit 125: Azkoyen SA - Key offerings
              • Exhibit 126: Azkoyen SA - Segment focus
            • 12.6 Bianchi Industry SpA
              • Exhibit 127: Bianchi Industry SpA - Overview
              • Exhibit 128: Bianchi Industry SpA - Product / Service
              • Exhibit 129: Bianchi Industry SpA - Key offerings
            • 12.7 Compass Group Plc
              • Exhibit 130: Compass Group Plc - Overview
              • Exhibit 131: Compass Group Plc - Business segments
              • Exhibit 132: Compass Group Plc - Key offerings
              • Exhibit 133: Compass Group Plc - Segment focus
            • 12.8 Crane Co.
              • Exhibit 134: Crane Co. - Overview
              • Exhibit 135: Crane Co. - Business segments
              • Exhibit 136: Crane Co. - Key offerings
              • Exhibit 137: Crane Co. - Segment focus
            • 12.9 Digital Media Vending International LLC
              • Exhibit 138: Digital Media Vending International LLC - Overview
              • Exhibit 139: Digital Media Vending International LLC - Product / Service
              • Exhibit 140: Digital Media Vending International LLC - Key offerings
            • 12.10 EVOCA Spa
              • Exhibit 141: EVOCA Spa - Overview
              • Exhibit 142: EVOCA Spa - Product / Service
              • Exhibit 143: EVOCA Spa - Key offerings
            • 12.11 Fas International Srl
              • Exhibit 144: Fas International Srl - Overview
              • Exhibit 145: Fas International Srl - Product / Service
              • Exhibit 146: Fas International Srl - Key offerings
            • 12.12 Furukawa Electric Co. Ltd.
              • Exhibit 147: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 148: Furukawa Electric Co. Ltd. - Product / Service
              • Exhibit 149: Furukawa Electric Co. Ltd. - Key offerings
            • 12.13 Rhea Vendors Group Spa
              • Exhibit 150: Rhea Vendors Group Spa - Overview
              • Exhibit 151: Rhea Vendors Group Spa - Product / Service
              • Exhibit 152: Rhea Vendors Group Spa - Key offerings
            • 12.14 Royal Vendors Inc.
              • Exhibit 153: Royal Vendors Inc. - Overview
              • Exhibit 154: Royal Vendors Inc. - Product / Service
              • Exhibit 155: Royal Vendors Inc. - Key offerings
            • 12.15 Shanghai Linhan Information Technology Co. Ltd.
              • Exhibit 156: Shanghai Linhan Information Technology Co. Ltd. - Overview
              • Exhibit 157: Shanghai Linhan Information Technology Co. Ltd. - Product / Service
              • Exhibit 158: Shanghai Linhan Information Technology Co. Ltd. - Key offerings
            • 12.16 Vendors Exchange International Inc.
              • Exhibit 159: Vendors Exchange International Inc. - Overview
              • Exhibit 160: Vendors Exchange International Inc. - Product / Service
              • Exhibit 161: Vendors Exchange International Inc. - Key offerings
            • 12.17 Westomatic Vending Services Ltd.
              • Exhibit 162: Westomatic Vending Services Ltd. - Overview
              • Exhibit 163: Westomatic Vending Services Ltd. - Product / Service
              • Exhibit 164: Westomatic Vending Services Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations
              • The retail industry is one of the major end-users of intelligent vending machines due to the enhanced customer interaction experience they offer. Intelligent vending machines can also help retailers customize their services and product offerings as per their needs. In key growth economies like India and China, the retail industry is growing rapidly, indicating huge growth prospects for the adoption of these machines. Automated retail solutions offer easy and fast access to products and services. They offer the convenience of online shopping and the satisfaction of being physically present in brick-and-motor stores. With their real-time transaction, inventory tracking, and retail data, vending machines allow operators to make swift transactions and control costs. They also enhance operational efficiencies and promote new products in different ways and gain customer loyalty. The global expansion of the retail industry and the increasing interface of intelligent vending machines with end-consumers tend to boost the volume demand for the product.
                • of skilled human resource: Test and measurement equipment such as tunable diode laser analyzer (TDLA), optical time-domain reflectometer (OTDR), and process analyzers are required to be used by an expert in chemical and instrumentation engineering. Many of these equipment are used in manufacturing or production process. The individuals using this equipment need to have an overall understanding of the process to operate the equipment efficiently. One of the major challenges to the market is the lack of skilled human resource in the market. In many instances, end-users are not really satisfied with the use of these test and measurement equipment if they were not properly installed, serviced or calibrated properly. This also deters potential buyers to invest in these test and measurement equipment.

                  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.

                  INFORMATION 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

                  DATA 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

                  REPORT WRITING

                  Qualitative

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

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

                  PURCHASE FULL REPORT OF

                  intelligent vending machine market

                  QUICK BUY

                  Key Questions Answered

                  • 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?

                  Why should you prefer Technavio's market insights report?

                  • Off-the-shelf research reports
                  • Reports can be tailored to meet the customer's needs
                  • Trusted by more than 100 fortune 500 organizations
                  • Information about the market's key drivers, trends, and challenges
                  • Parent market analysis
                  • Every week, 50,000 people visit our subscription platform
                  • 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