Vending Machine Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Nov 2022

Pages: 158

SKU: IRTNTR43707

Snapshot

Vending Machine Market Size & Forecast

The global vending machine market size is estimated to grow at a CAGR of 16.81% and the size of the market is forecast to increase by USD 12,426.7 million between 2022 and 2027. The market growth is propelled by the retail industry's appreciation for the benefits of intelligent vending machines, which enhance customer interaction experiences. These machines enable retailers to customize their services and product offerings to meet their specific requirements.

This vending machine research report extensively covers market segmentation by product (low-end vending machines and intelligent vending machines), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.

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

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Vending Machine Market Report: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Vending Machine Market Drivers

The global vending machine market is fueled by the growing demand for cashless vending machines. Cashless payments, driven by smartphone adoption and electronic payment methods, are set to witness significant growth. Intelligent vending machines are gaining popularity in various settings like offices, commercial complexes, hospitals, and hotels. Retailers prefer cashless-enabled machines, with retrofitting options available for seamless transactions. The rise of near-field technology (NFT) and increasing customer preference for cashless payments will drive the market's growth in the forecast period.

Significant Vending Machine Market Trends

The real-time data collection capabilities of intelligent vending machines will fuel the global vending machine market growth. Most vending machines focus on dispensing products. The functionality of the machine is based on the hardware and the 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.

Customized software analytics and cloud-based servers are used to manage large real-time customer data from vending machines. Machine-learning algorithms and real-time customer data tracking allow retailers to analyze customer profiles based on their behaviour and the number of purchases. Intelligent vending machines also help in tracking real-time operational data like daily sales, footfalls, and inventory levels. The increase in real-time data collection through intelligent vending machines is trending in the global vending machine market. Thus, during the forecast period, the incorporation of advanced features, such as real-time data collection, is projected to raise the value and volume of sales of these machines.

Major Vending Machine Market Challenges

The high initial investments and maintenance costs for vending machines are a major challenge to the global vending machine market growth. End-users require to make huge capital investments in procuring the software and hardware for intelligent vending machines. Although they can customize the hardware and software according to their needs, such customization can also be outsourced to third-party suppliers, which leads to considerable additional costs. To withstand the competition in the market, vendors need to launch innovative products, which require heavy investments in R&D. However, while the cost of manufacturing vending machines is very high, the cost of renting them is also increasing every year.

Additionally, with the evolution of new technology and changing preferences, owners of intelligent vending machines need to continuously upgrade their software and other related services, which again incur high costs for them. Sometimes upgrading and troubleshooting can take days to resolve, thereby resulting in a loss of revenue. Hence, vendors are coming up with various strategies to reduce such losses. These include absorbing extra costs, rearranging routes, reducing product variety, eliminating unprofitable accounts, raising product prices, and lowering commissions. Thus, the high maintenance costs incurred by intelligent vending machines will prove to be a price challenge for the market during the forecast period.

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Vending Machine Market Segmentation by Product & Geography

Based on product, the market is segmented into low-end vending machines and intelligent vending machines. The market share growth by the low-end vending machines segment will be significant during the forecast period. 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, the substantial growth of the organized retailing sector, the rise in overall household disposable incomes, and a noteworthy shift in consumer buying behaviour. The strong increase in the number of retail outlets is contributing to the growth of the low-end vending machines segment of the market in focus. Unlike major retail establishments that can afford to purchase intelligent vending machines, most small and medium-scale retailers use low-end vending machines. These retailers are increasingly adopting such vending machines to minimize the recurring costs associated with hiring and retaining labour/manpower to enhance productivity and promote cashless and quick shopping practices.

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Emerging economies such as India and Brazil are the largest adopters of low-end vending machines. This is attributed to the presence of a large number of small- and medium-scale retailers in these countries. Also, major transactions for food and beverages are conducted in cash, which promotes the adoption of low-end vending machines by retailers. Low-end vending machines also allow small shops to innovate and allow customers to quickly shop for products after office hours and on any day of the week. The demand for low-end vending machines is expected to grow steadily in developing economies, although the intelligent vending machines segment is expected to grow faster. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of Vending Machines, which is driven by an increase in the global demand for the Vending Machine Industry.

Geographical Analysis

North America is projected to account for 37% of the global market share growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is a major market for vending machines and is expected to grow at a significant growth rate during the forecast period owing to the rising adoption of vending machines by different end-user industries. In 2022, the US is the highest contributor to the market in North America. North America is witnessing the rising demand for vending machines from retailers and part-time and home-based businesses. Other North American countries, such as Mexico and Canada, are also contributing to the regional vending machine market.

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Covid Recovery Analysis

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 led to a decline in demand for vending machines in North America. In 2020, the COVID-19 pandemic negatively impacted the travel and food and beverages industries and many more non-essential businesses in the region. The increase in the number of COVID-19 cases compelled governments of various countries in the region to impose lockdowns and stay-at-home policies, which led to the closure of many shopping outlets, cafeterias, airports, and other places that use vending machines. This significantly affected the demand for vending machines in the region. However, the initiation of large-scale vaccination drives led to the lifting of lockdown restrictions and the resumption of travelling operations in the last quarter of 2020. Moreover, the rising demand for intelligent vending machines and the growing demand for vending machines in the food and beverage industry will drive the growth of the regional market during the forecast period.

Who are the Major Vending Machine Market Players?

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 Vending Machine Market. One of the major vendor in the market include:

Azkoyen- The company offers vending machines such as Vitro S1, Vitro S5, Novara Espresso, Neo Q Espresso, Neo Q Double Espresso, and Novara Instant.

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

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. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

You may be interested in:

Vending Machine Food and Beverages market - The market share is expected to increase to USD 1.84 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.26%.

Intelligent Vending Machine market - The market report is a comprehensive research document that provides in-depth qualitative and quantitative intelligence. Technavio’s analysts estimate a market share growth of USD 17,231.5 million from 2022 to 2027, at a CAGR of 24.94%.

Segment Overview

The market research 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.

Product Outlook (USD Million, 2017 - 2027)
- Low-end vending machines
- Intelligent vending machines
Distribution Channel Outlook (USD Million, 2017 - 2027)
- Offline
- Online
Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Vending Machine Market Scope
Report Coverage	Details
Page number	158
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 16.81%
Market growth 2023-2027	USD 12426.7 million
Market structure	Fragmented
YoY growth 2022-2023(%)	14.69
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key countries	US, Japan, China, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH and Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA
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 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.

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

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Vending Machine Market between 2023 and 2027
Precise estimation of the size of the vending machine market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria
Vendor landscape comparing criticality of inputs and factors of differentiation
Exclusive Matrix on vendor position and classification
Comprehensive analysis of factors that will challenge the growth of vending machine market vendors

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Table of Contents

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 Distribution Channel
- 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 vending machine market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global 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 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution channel 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 Low end vending machines - Market size and forecast 2022-2027
- Exhibit 34: Chart on Low end vending machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Low end vending machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Low end vending machines - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Low end vending machines - Year-over-year growth 2022-2027 (%)

6.4 Intelligent vending machines - Market size and forecast 2022-2027
- Exhibit 38: Chart on Intelligent vending machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Intelligent vending machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Intelligent vending machines - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Intelligent vending machines - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Product
- Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

7.2 Comparison by Distribution Channel
- Exhibit 45: Chart on Comparison by Distribution Channel
- Exhibit 46: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027
- Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

7.4 Online - Market size and forecast 2022-2027
- Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Distribution Channel
- Exhibit 55: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Japan - Market size and forecast 2022-2027
- Exhibit 85: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 101: 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 102: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption

11.4 Industry risks
- Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 106: Vendors covered

12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification

12.3 Azkoyen SA
- Exhibit 108: Azkoyen SA - Overview
- Exhibit 109: Azkoyen SA - Business segments
- Exhibit 110: Azkoyen SA - Key offerings
- Exhibit 111: Azkoyen SA - Segment focus

12.4 Bianchi Industry Spa
- Exhibit 112: Bianchi Industry Spa - Overview
- Exhibit 113: Bianchi Industry Spa - Product / Service
- Exhibit 114: Bianchi Industry Spa - Key offerings

12.5 BULK VENDING SYSTEMS Ltd.
- Exhibit 115: BULK VENDING SYSTEMS Ltd. - Overview
- Exhibit 116: BULK VENDING SYSTEMS Ltd. - Product / Service
- Exhibit 117: BULK VENDING SYSTEMS Ltd. - Key offerings

12.6 Compass Group Plc
- Exhibit 118: Compass Group Plc - Overview
- Exhibit 119: Compass Group Plc - Business segments
- Exhibit 120: Compass Group Plc - Key offerings
- Exhibit 121: Compass Group Plc - Segment focus

12.7 Continental Vending Inc.
- Exhibit 122: Continental Vending Inc. - Overview
- Exhibit 123: Continental Vending Inc. - Product / Service
- Exhibit 124: Continental Vending Inc. - Key offerings

12.8 Crane Payment Innovations Inc.
- Exhibit 125: Crane Payment Innovations Inc. - Overview
- Exhibit 126: Crane Payment Innovations Inc. - Product / Service
- Exhibit 127: Crane Payment Innovations Inc. - Key offerings

12.9 Ellab AS
- Exhibit 128: Ellab AS - Overview
- Exhibit 129: Ellab AS - Product / Service
- Exhibit 130: Ellab AS - Key offerings

12.10 Federal Machine
- Exhibit 131: Federal Machine - Overview
- Exhibit 132: Federal Machine - Product / Service
- Exhibit 133: Federal Machine - Key offerings

12.11 Furukawa Electric Co. Ltd.
- Exhibit 134: Furukawa Electric Co. Ltd. - Overview
- Exhibit 135: Furukawa Electric Co. Ltd. - Product / Service
- Exhibit 136: Furukawa Electric Co. Ltd. - Key offerings

12.12 Future Techniks India Pvt. Ltd.
- Exhibit 137: Future Techniks India Pvt. Ltd. - Overview
- Exhibit 138: Future Techniks India Pvt. Ltd. - Product / Service
- Exhibit 139: Future Techniks India Pvt. Ltd. - Key offerings

12.13 Glory Ltd.
- Exhibit 140: Glory Ltd. - Overview
- Exhibit 141: Glory Ltd. - Business segments
- Exhibit 142: Glory Ltd. - Key news
- Exhibit 143: Glory Ltd. - Key offerings
- Exhibit 144: Glory Ltd. - Segment focus

12.14 Orasesta Spa
- Exhibit 145: Orasesta Spa - Overview
- Exhibit 146: Orasesta Spa - Product / Service
- Exhibit 147: Orasesta Spa - Key offerings

12.15 Royal Vendors Inc.
- Exhibit 148: Royal Vendors Inc. - Overview
- Exhibit 149: Royal Vendors Inc. - Product / Service
- Exhibit 150: Royal Vendors Inc. - Key offerings

12.16 Sanden Corp.
- Exhibit 151: Sanden Corp. - Overview
- Exhibit 152: Sanden Corp. - Business segments
- Exhibit 153: Sanden Corp. - Key offerings
- Exhibit 154: Sanden Corp. - Segment focus

12.17 Westomatic Vending Services Ltd.
- Exhibit 155: Westomatic Vending Services Ltd. - Overview
- Exhibit 156: Westomatic Vending Services Ltd. - Product / Service
- Exhibit 157: Westomatic Vending Services Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 158: Inclusions checklist
- Exhibit 159: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 160: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 161: Research methodology
- Exhibit 162: Validation techniques employed for market sizing
- Exhibit 163: Information sources

13.5 List of abbreviations
- Exhibit 164: List of abbreviations

Methodology

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

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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?

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