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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Vending Machine Market Outlook

The global vending machine market size reached approximately USD 21.50 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 32.19 billion by 2032.

Global Vending Machine Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 21.50
Market Size 2032 USD Billion 32.19
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.4%
CAGR 2024-2032 - Market by Region Asia Pacific 4.9%
CAGR 2024-2032 - Market by Country India 5.0%
CAGR 2024-2032 - Market by Country China 4.8%
CAGR 2024-2032 - Market by Machine Type Free-Standing Vending Machine 5.1%
CAGR 2024-2032 - Market by Payment Mode Cashless 5.4%
Market Share by Country 2023 Australia 2.1%

Key Trends in the Market

Vending machines are automated machines that provide users a wide range of products including tickets, beverages, snacks, and newspapers, among others. The users are able to select the desired product and pay through card or cash. The entire process is automated with the help of an electro-mechanical system.

  • The rising deployment of vending machines across office and commercial spaces to enhance accessibility to food and beverages and maintain the aesthetics and cleanliness of the space is supporting the vending machine market growth.
  • The increasing provision of cashless payment options is providing lucrative growth opportunities to the market. The rising germophobia among the urban population and growing threat of communicable diseases is further propelling the requirement for cashless transactions.
  • The availability of a wide range of products across vending machines is boosting their popularity among consumers. The diverse product selection caters to a wider consumer base. The increasing availability of gluten-free and vegan snacks and beverages in vending machines due to rising incidences of celiac disease and lactose intolerance is further propelling the product demand.

Global Vending Machine Market Segmentation

On the basis of type, the market is divided into food vending machine, beverages vending machine, tobacco vending machine, and ticket vending machine, among others. Based on technology, the market is segregated into automatic machine, semi-automatic machine, and smart machine.

On the basis of machine type, the market is classified into free-standing vending machine and wall-mounted vending machine. Based on payment mode, the market is bifurcated into cash and cashless. On the basis of application, the market is categorised into commercial places, corporate offices, and public places, among others.

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Country
India 5.0%
China 4.8%
Saudi Arabia 4.7%
Mexico 4.6%
UK 4.3%
USA 4.1%
Canada XX%
France XX%
Italy XX%
Japan XX%
Brazil XX%
Germany 4.0%
Australia 4.0%

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 vending machine market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

  • Azkoyen, S.A. 
  • Fuji Electric Co., Ltd. 
  • Sanden Corporation 
  • Crane Co. 
  • Royal Vendors, Inc. 
  • Bianchi Industry S.p.A.  
  • Fas International S.r.l 
  • Seaga Manufacturing, Inc. 
  • Sielaff GmbH & Co. KG 
  • Westomatic Vending Services Ltd. 
  • Others

Market Share by Technology

Automatic vending machines account for a significant vending machine market share owing to rising investments in automatic machine spaces including restaurants, hotels, airports, and hospitals, among others. The versatile and efficient nature of automatic vending machines is boosting their popularity among business owners. The incorporation of these machines with advanced technologies including cashless payment system, touch screens, and digital interfaces provides the shopper with an interactive and seamless shopping experience, further aiding the segment growth.

Market Share by Region

The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the rising urbanisation and exposure to western culture. Changing consumer preferences and increasing lifestyle complexities are boosting the consumption of snacks and beverages obtained from vending machines. The strong product penetration in countries such as Japan and Singapore can also be attributed to the availability of a wide range of products across vending machines and rising population. The growing preference convenient food solutions is bolstering the vending machine market demand.

Competitive Landscape

Azkoyen, S.A. is involved with the marketing and manufacturing of vending machines for beverages and packaged products. The company was founded in 1945 and is headquartered in Navarra, Spain.

Fuji Electric Co., Ltd. is one of the leading electrical, electronics, and appliances manufacturing companies that was founded in 1923 and is headquartered in Shinagawa-ku, Tokyo. The company specialises in the production of different types of vending machines.

Sanden Corporation, headquartered in Gunma, Japan, is one of the leading electrical equipment and automotive equipment manufacturing company that was founded in 1943. The company’s product portfolio includes vending machines, air conditioning systems, and central heating systems, among others.

Other vending machine market key players include Crane Co., Royal Vendors, Inc., Bianchi Industry S.p.A., Fas International S.r.l, Seaga Manufacturing, Inc., Sielaff GmbH & Co. KG, and Westomatic Vending Services Ltd., among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Technology
  • Machine Type
  • Payment Mode
  • Application
  • Region
Breakup by Type
  • Food Vending Machine
  • Beverages Vending Machine
  • Tobacco Vending Machine
  • Ticket Vending Machine
  • Others
Breakup by Technology
  • Automatic Machine
  • Semi-Automatic Machine
  • Smart Machine
Breakup by Machine Type
  • Free-Standing Vending Machine
  • Wall-Mounted Vending Machine
Breakup by Payment Mode
  • Cash
  • Cashless
Breakup by Application
  • Commercial Places
  • Corporate Offices
  • Public Places
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Azkoyen, S.A. 
  • Fuji Electric Co., Ltd. 
  • Sanden Corporation 
  • Crane Co. 
  • Royal Vendors, Inc. 
  • Bianchi Industry S.p.A.  
  • Fas International S.r.l 
  • Seaga Manufacturing, Inc. 
  • Sielaff GmbH & Co. KG 
  • Westomatic Vending Services Ltd. 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of approximately USD 21.50 billion in 2023.

The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 32.19 billion by 2032.

The major market drivers include increasing provision of cashless payment options and rising incorporation of these machines with advanced technologies including touch screens, and digital interfaces.

The key trends fuelling the growth of the market include rising deployment of vending machines across office and commercial spaces and growing availability of a wide range of products across vending machines.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The applications of vending machines include commercial places, corporate offices, and public places, among others.

The key players in the market are Azkoyen, S.A., Fuji Electric Co., Ltd., Sanden Corporation, Crane Co., Royal Vendors, Inc., Bianchi Industry S.p.A., Fas International S.r.l, Seaga Manufacturing, Inc., Sielaff GmbH & Co. KG, and Westomatic Vending Services Ltd., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124