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Base Year
Historical Year
Forecast Year
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% |
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.
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.
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.
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.
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.
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:
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Breakup by Type |
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Breakup by Technology |
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Breakup by Machine Type |
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Breakup by Payment Mode |
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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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*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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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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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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