Vending Machine Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43707
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The vending machine market has the potential to grow by USD 9.33 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.25%.

This 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 (low-end vending machines and intelligent vending machines) and geography (North America, Europe, APAC, South America, and MEA). The vending machine market report also offers information on several market vendors, including Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., and Westomatic Vending Services Ltd. among others.

What will the Vending Machine Market Size be in 2021?

Vending-Machine-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Vending Machine Market

 Get Your FREE Sample Now!

Vending Machine Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of vending machines is notably driving the vending machine market growth, although factors such as high initial investments and maintenance costs for vending machines may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the vending machine market industry get your FREE report sample now.

  • The increasing adoption of vending machines to improve customer shopping experience is one of the key factors driving vending machine market growth.
  • Vending machines do not require the intervention of salespeople, support staff, and other executives.
  • Vending machines are a one-time investment that enables cost savings by operating 24/7 and throughout the year.
  • This has induced several vendors to use vending machines for enhancing customer satisfaction, driving vending machine market growth. 
  • The growing demand for retrofitting of vending machines, one of the key vending machine market trends, will also drive market growth during the forecast period.
  • By installing the latest software packages, retrofit solutions facilitate users to upgrade their existing conventional vending machines to smart vending machines.
  • As deploying new vending machines can incur huge costs, several vendors prefer to retrofit their existing machines.
  • Technological upgrades such as cashless payments, LCD display, outlook design, and big data integration are some of the features provided in retrofit machines. Such factors will drive vending machine market growth.

This 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Vending Machine Market Vendors?

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

 

  • Azkoyen SA
  • Compass Group Plc
  • Crane Co.
  • FAS International Srl
  • Fuji Electric Co. Ltd.
  • GLORY Ltd.
  • Orasesta Spa
  • Royal Vendors Inc.
  • Sanden Retail System Co. Ltd.
  • Westomatic Vending Services Ltd. 

 

The vending machine market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the vending machine market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Vending Machine Market?

Vending-Machine-Market-Market-Share-by-Region-2020-2025

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

38% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for vending machines in North America. Market growth in this region will be slower than the growth of the market in APAC and Europe.

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 vending machine market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Vending-Machine-Market-Market-Share-by-Product-2020-2025

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

Low-end vending machines are traditional/conventional vending machines mostly used for dispensing consumer products. In recent years, the number of retail outlets has increased at an exponential rate globally, especially in developing countries, amid rapid urbanization, substantial growth of the organized retailing sector, the rise in overall household disposable incomes, and a noteworthy change in consumer buying behavior. The growth of the market segment is expected to be significant during the forecast period.

However, in 2020, the COVID-19 pandemic outbreak negatively impacted retail outlets and many SMEs, who are major end-users of low-end vending machines, which reduced sales of the low-end vending machines. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the vending machine market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive vending machine market growth during the next five years
  • Precise estimation of the 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 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 vending machine market vendors

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

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 16%

Market growth 2021-2025

$ 9.33 billion

Market structure

Fragmented

YoY growth (%)

11.19

Regional analysis

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

Performing market contribution

North America at 38%

Key consumer countries

US, Japan, Germany, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., 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 future consumer dynamics, market condition analysis for 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.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Low end vending machines - Market size and forecast 2020-2025
    • Intelligent vending machines - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Azkoyen SA
      • Compass Group Plc
      • Crane Co.
      • FAS International Srl
      • Fuji Electric Co. Ltd.
      • GLORY Ltd.
      • Orasesta Spa
      • Royal Vendors Inc.
      • Sanden Retail System Co. Ltd.
      • Westomatic Vending Services Ltd. 

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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?
      Get your FREE sample now!
      The vending machine market growth will increase by $9.82 billion during 2019-2024.
      The vending machine market is expected to grow at a CAGR of 11.46% during 2019-2024.
      Technavio has segmented the vending machine market by product (Low-end vending machines and Intelligent vending machines) and geographic (North America, Europe, APAC, South America, and MEA).
      Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., Glory Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., Westomatic Vending Services Ltd.  are a few of the key vendors in the vending machine market.
      North America will register the highest growth rate of 37.37% among the other regions. Therefore, the 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 vending machine market growth are:
      • Growing demand for intelligent vending machines from the retail industry
      • Rising customization in vending machines
      The vending machine market vendors should focus on grabbing business opportunities from the low-end vending machines segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>