About Vending Machines
Vending machine refers to the automated machine that dispenses articles such as food, drinks, or cigarettes when a coin or token is inserted. Vending machines market has high growth prospects owing to increasing demand from the food service, public transport, office places, and retail sites. Further, increasing demand from developing countries and technological advancement in the vending machines propelling market growth.in addition, the emergence of robotic vending machine expected to drive the demand for vending machines over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Vending Machines market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evoca Group (Italy), Crane Merchandising Systems Ltd (United Kingdom), Biocom Vending (Italy), Beta Automation (India), Braimex (Spain), Selecta (Switzerland), Seaga (United States), Sandenvendo (United States), Vendstop (India) and Azkoyen Group (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fuji Electric (Japan), GLORY (United Kingdom) and Sanden Holdings Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Vending Machines market by Type (Beverage Vending Machine, Food Vending Machine and Others) and Region.
On the basis of geography, the market of Vending Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Vending Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation , the sub-segment i.e. Low-End Vending Machines will boost the Vending Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Point of Sale, the sub-segment i.e. Offices/Institutions will boost the Vending Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Intelligent Vending Machines and Emphasizing On Development of Technologically Advanced Vending Machines
Market Growth Drivers:
Increasing Demand for the Vending Machines from the Office Places and Growing Demand for Ready-To-Eat Food Products
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
High Cost of Vending Machines and Issues Related with System Failure
Opportunities:
Increasing Demand from the Public Transport Hubs and Rising Demand from the Developing Economies
13th May 2019, Xiaomi a Chinese electronics company announces vending machines, Mi Express for its smartphones and accessories in India at Manyata Tech Park in Bengaluru.
Key Target Audience
Vending Machines Manufacturers, Vending Machines Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.