"Catapult Your Business to Fore, Gain Competitive Advantage "

Vending Machines Market Size, Share & Industry Analysis, By Type (Cashless, Cash enabled), By Deployment (Office Buildings, Commercial Places, Public Place), By Application (Food & Beverage, Medical supplies, Others (Toiletries, etc.)) and Regional Forecast, 2020-2027

Region : Global | Report ID: FBI102882 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Vending Machine refers to the machine that disperses the product after a sufficient amount of money is deposited into the machine. In the 1880s, Percival Everitt introduced a vending machine to disperse postcards. Soon after that, it has been utilized on railway stations and others. The vending machine has been a convenient and low-cost appliance that shrunk the store into a compact size revenue generator. The vending machine market is experiencing the changeover with the adoption of software management remote device technology to dispense products other than food & beverage products.


Vending machines offer products to people in different situations and environments. It has significant applications in case of medical supplies, food & beverage facilities, and others. In recent years, prominent players have introduced vending machines that can disperse toiletries, including face cloths, toothpaste, and electronic items such as cameras, pen drives, etc.


Key Market Driver -

• Instant delivery of packaged food • Adoption of cloud –based technology for vending applications

Key Market Restraint -

• Strict regulations regarding food sales


The cashless enabled vending machine has the upper hand over cash enabled vending machine, owing to the growing demand for digital transactions. Furthermore, the companies are focusing on vending machines and related products primarily in North America, owing to their compact sizing. Also, key manufactures are opting for mergers and acquisitions with several payment service providers to meet the growing demand for cashless payment options. For instance, American food and vending partnered with PayRange, a mobile transaction solution for vending machines. The PayRange BluKey device is being installed across 35 cities in the United States.


Market Segmentation:


By type, the market is segmented into cashless, and cash enabled vending machine. Based on deployment, the market is bifurcated into office buildings, commercial places, and public places. By application, the market is segmented into Food & Beverage, Medical Supplies, and Others (Toiletries, etc.).


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


Key players operating in the global Vending Machines market are Fuji Electric Co., Ltd., Azkoyen S.A., Seaga Manufacturing Inc., Aramark Corporation, Bianchi Industry, Westomatic Vending Services Ltd., Royal Vendors, Inc., Crane Merchandising Systems, The Coca-Cola Company, Stephens Vending Corp., H. Betti Industries Inc. among others.


Regional Analysis:


The vending machine market in North America is experiencing the dominance, owing to factors including high demand for Ready-to-Eat (RTE) meals and a rise in demand for vacuum-packed food. Moreover, there are approximately 5 million vending machines in the United States deployed in school, hospitals, workplaces, and others to track the inventory stored in the vending machine. For instance, in October 2017, Seaga Manufacturing Inc. launched its industrial vending powerhouse to develop its industrial vending line, the Intelligent Inventory Control (IIC) that provides cloud-based technology to manage inventory control.


In the Asia Pacific, countries such as Japan, India, Australia, and New Zeeland are experiencing substantial growth with the effect of growing commercialization and increased demand for packaged food. In Australia, approximately 50 vending machines have been installed in one of the prime education universities to promote student eating habits.


In Europe, vending machine manufacturers are making efforts to provide a broad choice of products to encourage the diversification of vending machine applications. For instance, in November 2018, Crane Merchandising Systems launched CALI, the freestanding hot beverage vending machine for the European market that features superb user experience.


To gain extensive insights into the market, Request for Customization


In Latin America and the Middle East and Africa, healthy growth is, owing to the increased awareness regarding the convenience of the utilization of vending machines and more extensive penetration in public locations. Countries such as Colombia, Brazil, Saudi Arabia, and United Arab Emirates are focused on adopting vending machine technologies across commercial places.


Segmentation


























 ATTRIBUTE


 DETAILS

By Type




  • Cashless

  • Cash enabled



By Deployment




  • Office Buildings

  • Commercial Places

  • Public Places



By Application




  • Food & Beverage

  • Medical supplies

  • Others (Toiletries, etc.)



By Region




  • North America (the USA, Canada and Rest of North America)

  • Europe (U.K., Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Key Industry Developments



  • November 2019: - Azkoyen S.A. launched broad range of its vending machine, the Vitro S1, the Vitro S5 enabled with the Neo Touch and built-in payment method.

  • September 2017: - Fuji Electric Co., ltd. acquired P.T. Metec Semarang held by Kubota and Kubota Vending Services Co., Ltd. to operate after sales services related to vending machines in Japan and oversea.


Vending Machines Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Machinery & Equipment Clients

Sandvik_Logo
Yokogawa_logo
toyota
Hunkeler-AG
Hilti

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X