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

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

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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?


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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?


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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?


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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.



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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

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Vending Machine Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 16%

Market growth 2021-2025

$ 9.33 billion

Market structure


YoY growth (%)


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.

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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.


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 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



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


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