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The global intelligent vending machines market size reached approximately USD 22.81 billion in 2022. The market is further projected to grow at a CAGR of 14.40% between 2023 and 2028, reaching a value of USD 50.44 billion by 2028.
Intelligent vending machines, commonly known as smart vending machines are machines that dispense various products in exchange for token, cash, and coins, among others. These machines are equipped with advanced technologies such as internet connection and backed by a cloud-based management system.
Based on machine type, the market is bifurcated into free-standing vending machine and wall-mounted vending machine. By product, the market is categorised into beverages, confections, food, and snacks, among others. On the basis of application, the market is classified into manufacturing, commercial malls and retail stores, offices, and educational institutes, among others. Based on region, the intelligent vending machines market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global intelligent vending machines market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Free-standing vending machines are expected to account for a significant intelligent vending machines market share owing to the growing demand from food and beverage sector. These machines include features such as images and content, inventory reporting, cloud-based hosting, remotely managed pricing, and packaged food and snacks service, offering ease of operation. Due to the ability of free-standing vending machines to accept different forms of payments and provide real-time inventory updates, they are avilable at various public places including shopping malls, bus stops, airports, and residential buildings.
The Asia Pacific accounts for a significant share of the market owing to the increasing presence of large-scale retail stores with advanced infrastructure such as intelligent vending machines in countries including China and Japan. The growing presence of intelligent vending machines in the region can also be attributed to the various benefits associated with the product including increased revenues and enhanced sustainability. Various countries in the Asia Pacific are adopting high end technologies owing to rising disposable incomes of consumers in the region, aiding the intelligent vending machines market growth.
Fuji Electric Co., Ltd. was founded in 1923 and is headquartered in Tokyo, Japan. The appliances, electrical, and electronics company provides its customers with high quality equipment such as integrated circuits, system products, and semiconductors.
Azkoyen S.A. was founded in 1945 and is headquartered in Navarre, Spain. The company is known for designing, manufacturing, and marketing various advanced technological solutions for its customers around the globe.
Bianchi Industry S.p.A. Group was established in 1959 and has its headquarters located in Verdellino, Italy. The machinery manufacturing company provides its customers with industrial components including bearings and transmissions, among other related accessories.
Other intelligent vending machines market key players include Crane Payment Innovations Inc., Rhea Vendors Group S.p.A., Westomatic Vending Services Ltd, SandenVendo GmbH, Seaga Manufacturing Inc., Fas International S.R.L., and Sielaff GmbH & Co. KG, among others.
REPORT FEATURES | DETAILS |
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Machine Type |
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Intelligent Vending Machines Market Analysis
8.1 Key Industry Highlights
8.2 Global Intelligent Vending Machines Historical Market (2018-2022)
8.3 Global Intelligent Vending Machines Market Forecast (2023-2028)
8.4 Global Intelligent Vending Machines Market by Machine Type
8.4.1 Free-Standing Vending Machine
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Wall-Mounted Vending Machine
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Intelligent Vending Machines Market by Product
8.5.1 Beverages
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Confections
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Food
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Snacks
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Intelligent Vending Machines Market by Application
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Commercial Malls and Retail Stores
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Offices
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Educational Institutes
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Intelligent Vending Machines Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Intelligent Vending Machines Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Intelligent Vending Machines Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Intelligent Vending Machines Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Intelligent Vending Machines Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Intelligent Vending Machines Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Fuji Electric Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Azkoyen, S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bianchi Industry S.p.A. Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Crane Payment Innovations Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Rhea Vendors Group S.p.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Westomatic Vending Services Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SandenVendo GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Seaga Manufacturing, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Fas International S.R.L.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Sielaff GmbH & Co. KG
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Intelligent Vending Machines Market: Key Industry Highlights, 2018 and 2028
2. Global Intelligent Vending Machines Historical Market: Breakup by Machine Type (USD Billion), 2018-2022
3. Global Intelligent Vending Machines Market Forecast: Breakup by Machine Type (USD Billion), 2023-2028
4. Global Intelligent Vending Machines Historical Market: Breakup by Product (USD Billion), 2018-2022
5. Global Intelligent Vending Machines Market Forecast: Breakup by Product (USD Billion), 2023-2028
6. Global Intelligent Vending Machines Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Intelligent Vending Machines Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Intelligent Vending Machines Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Intelligent Vending Machines Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Intelligent Vending Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Intelligent Vending Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Intelligent Vending Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Intelligent Vending Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Intelligent Vending Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Intelligent Vending Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Intelligent Vending Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Intelligent Vending Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Intelligent Vending Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Intelligent Vending Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Intelligent Vending Machines Market Structure
The market reached a value of approximately USD 22.81 billion in 2022.
The market is projected to grow at a CAGR of 14.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 50.44 billion by 2028.
The major market drivers include easy availability of ready to eat food products and provision of secure and cashless payment options.
The key trends fuelling the growth of the market include integration of advanced technologies with intelligent vending machines and changing consumer lifestyles.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The products available in smart vending machines include beverages, confections, food, and snacks, among others.
The key players in the market are Fuji Electric Co., Ltd., Azkoyen, S.A., Bianchi Industry S.p.A. Group, Crane Payment Innovations Inc., Rhea Vendors Group S.p.A., Westomatic Vending Services Ltd, SandenVendo GmbH, Seaga Manufacturing Inc., Fas International S.R.L., and Sielaff GmbH & Co. KG, among others.
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