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Vending Machine Market

Global Vending Machine Market Size, Share, Report, Analysis: By Type: Food Vending Machine, Beverages Vending Machine, Tobacco Vending Machine, Ticket Vending Machine, Others; By Technology: Automatic Machine, Others; By Machine Type; By Payment Mode; By Application; Regional Analysis; Competitive Landscape; 2024-2032

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.

 

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.

 

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

 

*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 Vending Machine Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Vending Machine Historical Market (2018-2023) 
    8.3    Global Vending Machine Market Forecast (2024-2032)
    8.4    Global Vending Machine Market by Type
        8.4.1    Food Vending Machine
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Beverages Vending Machine
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Tobacco Vending Machine
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Ticket Vending Machine
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Vending Machine Market by Technology
        8.5.1    Automatic Machine
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Semi-Automatic Machine
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Smart Machine
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Vending Machine Market by Machine Type
        8.6.1    Free-Standing Vending Machine
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Wall-Mounted Vending Machine
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Vending Machine Market by Payment Mode
        8.7.1    Cash
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Cashless
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Vending Machine Market by Application
        8.8.1    Commercial Places
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Corporate Offices
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Public Places
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Others
    8.9    Global Vending Machine Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Vending Machine Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Vending Machine Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Vending Machine Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Vending Machine Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Vending Machine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    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    Trade Data Analysis (HS Code – 8476)
    15.1    Major Exporting Countries 
        15.1.1    By Value
        15.1.2    By Volume
    15.2    Major Importing Countries 
        15.2.1    By Value
        15.2.2    By Volume
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Azkoyen, S.A. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Fuji Electric Co., Ltd. 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Sanden Corporation 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Crane Co. 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Royal Vendors, Inc. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Bianchi Industry S.p.A.  
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Fas International S.r.l 
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Seaga Manufacturing, Inc. 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Sielaff GmbH & Co. KG 
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Westomatic Vending Services Ltd. 
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Vending Machine Market: Key Industry Highlights, 2018 and 2032
2.    Global Vending Machine Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Vending Machine Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Vending Machine Historical Market: Breakup by Technology (USD Billion), 2018-2023
5.    Global Vending Machine Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6.    Global Vending Machine Historical Market: Breakup by Machine Type (USD Billion), 2018-2023
7.    Global Vending Machine Market Forecast: Breakup by Machine Type (USD Billion), 2024-2032
8.    Global Vending Machine Historical Market: Breakup by Payment Mode (USD Billion), 2018-2023
9.    Global Vending Machine Market Forecast: Breakup by Payment Mode (USD Billion), 2024-2032
10.    Global Vending Machine Historical Market: Breakup by Application (USD Billion), 2018-2023
11.    Global Vending Machine Market Forecast: Breakup by Application (USD Billion), 2024-2032
12.    Global Vending Machine Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Vending Machine Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Vending Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Vending Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Vending Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Vending Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Vending Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Major Exporting Countries by Value
25.    Major Importing Countries by Value
26.    Major Exporting Countries by Volume
27.    Major Importing Countries by Volume
28.    Global Vending Machine Market Structure

Key Questions Answered in the Report

What was the global vending machine market value in 2023?

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

What is the growth rate of the market?

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

What is the vending machine market forecast for 2024-2032?

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

What are the major market drivers?

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.

What are the key vending machine market trends?

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.

What are the major regions in the market for vending machines, according to the EMR report?

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

What are the significant applications of vending machines?

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

Who are the key market players, according to the vending machine market report?

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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We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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