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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.
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.
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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*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
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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