Smart Vending Machine Market: Segmented by Type (Hot drinks, Snacks, Packaged drinks and Others); By Application (QSR, Shopping Malls, Retail Stores, Offices, Public Transport and Others); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

  • [179+ Pages Research Report] Global Smart Vending Machine Market to surpass USD 20.21 billion by 2030 from USD 7.95 billion in 2020 at a CAGR of 16.7% in the coming years, i.e., 2021-30.

    Product Overview

    A vending machine is a machine that distributes objects from its inventory in exchange for coins or tokens inserted into it. A smart vending machine is an automated vending machine that engages customers with touch-screen controls, video, audio, fragrance, gesture-based communication, and cashless payment in addition to distributing products. An intelligent vending machine typically dispenses things like frozen food, beverages, and tobacco products.

    Market Highlights

    Global Smart Vending Machine market is expected to project a notable CAGR of 16.7% in 2030.

    The global intelligent vending machine market is driven by an increase in demand for UI-based transactions, which is balanced by an increase in the use of cashless transactions, the trend of instant gratification, an increase in reliance on ATM cards and mobile banking, rapid digitization, and internet penetration around the world.

    Global Smart Vending Machine Market: Segments

    Packaged drinks segment to grow with the highest CAGR during 2020-30

    Global Smart Vending Machine market is segmented by type into Hot drinks, Snacks, Packaged drinks, and Others. Packaged drinks segment held the largest market share in the year 2020 as a result of the growing focus on safe vending Packaged beverages such as soda, water, milk, flavored waters, and energy drinks, among others, make up the majority of this category. Consumers are still on the lookout for new packaged drinks that are low in calories and fit into their healthier lifestyles. The availability of packaged beverages in tetra packs and multi-layered aseptic cartons is increasing packaged drink adoption.

    QSRs, shopping malls, and retail stores segment to grow with the highest CAGR during 2020-30

    Global Smart Vending Machine market is divided by application into QSR, shopping malls, and retail stores, Offices, Public transport, and Others. Over the forecast period, the QSRs, shopping malls, and retail stores segment is projected to expand at the fastest pace. During the forecast era, QSRs, shopping malls, and retail stores are expected to dominate the application category. Although, the use of vending machines in places like offices is gaining popularity. The use of these devices in office buildings has a number of advantages, including room savings, cost-effectiveness, and cleanliness.

    Market Dynamics

    Drivers

    Shifting Tastes and Increase in Tourism and Public Transportation

    The shifting tastes, proclivities, and curiosity of shoppers drive the evolution of the intelligent machines industry. Intelligent vending machine manufacturers have set their sights on new forms of machine-human interaction. As a result, new gesture-based technology, touch screen controls, video technologies, and a cashless payment mechanism have been introduced. They're also interested in enhancing the overall dispensing experience, with Smart Vending Machines being an increasingly popular platform for product promotion. To improve commuters' travel experiences, smart vending machines are being installed in public transportation such as buses and trains. The Smart Vending Machines Market is benefiting from an increase in tourism and commuting choices thanks to public transportation.

    Consumers Growing Preference for Cashless Payments and Reduced Operating Cost

    Consumers' growing preference for cashless payments is also contributing to the industry's rapid expansion. Cashless, near-field communication (NFC), and mobile payment protocols are expected to have a positive effect on the industry. Face and voice recognition, for example, are being used in dispensing systems as a result of technological advancements. Users can benefit from machines that have face and voice recognition sensors because they can recommend items based on their age and gender. Vendors are focusing their efforts on deploying interactive dispensing systems in order to increase revenue through advertisements and the display of other information and news. Furthermore, since the devices can be operated from afar, they help to reduce operating costs by removing the need for a computer manager's interference.

    Restraint

    Government Regulations and Expensive Production

    Growing regulations governing the selling of snack food in public places like schools, as well as the prohibition of potentially dangerous confectionery items like cigarettes and tobacco, are expected to stifle market growth. Furthermore, the production and implementation of these devices are both expensive, which has an effect on vendor interest.

    Global Smart Vending Machine Market: Key Players

    Continental Vending, Inc.

    Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

    Sanden Holdings Corporation

    Azkoyen Vending Systems

    American Vending Machines

    Bulk Vending Systems

    Automated Merchandising Systems

    Evoka Group, Bianchi Industry SpA

    Crane Merchandising Systems

    Other Prominent Players

    Global Smart Vending Machine Market: Regions

    Global Smart Vending Machine market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa.

    Global Smart Vending Machine in North America held the largest market share in the year 2020 as a result of an increase in demand for self-service solutions in retail outlets to simplify the sales process Supermarkets, department stores, shopping centers, and other retail outlets in the United States and Canada have seen the rapid implementation of these devices across a variety of application areas. These systems' technological advances and developments help to automate business processes in their application segments. Furthermore, favorable policies and a desire for better customer service would boost regional market demand.

    Global Smart Vending Machine Market is further segmented by region into:

    North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

    Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

    Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

    Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

    Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

    Global Smart Vending Machine Market report also contains analysis on:

    Smart Vending Machine Market Segments:

    By Type

    Hot drinks

    Snacks

    Packaged drinks

    Others

    By Application

    QSR, shopping malls, and retail stores

    Offices

    Public transport

    Others

    Smart Vending Machine Market Dynamics

    Smart Vending Machine Market Size

    Supply & Demand

    Current Trends/Issues/Challenges

    Competition & Companies Involved in the Market

    Value Chain of the Market

    Market Drivers and Restraints

    Smart Vending Machine Market Report Scope and Segmentation

    Frequently Asked Questions

    How big is the Smart Vending Machine market

    What is the Smart Vending Machine market growth

    Which segment accounted for the largest Smart Vending Machine market share

    Who are the key players in the Smart Vending Machine market

    What are the factors driving the Smart Vending Machine market

     

  • With tables and figures helping analyze worldwide Smart Vending Machine market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Contents
    Executive Summary
    Global Smart Vending Machine Market
    Product Overview
    Market Definition
    Segmentation
    Assumptions and Acronyms
    Research Methodology
    Research Objectives
    Primary Research
    Secondary Research
    Forecast Model
    Market Size Estimation
    Average Pricing Analysis
    Macro-Economic Indicators
    Market Dynamics
    Growth Drivers
    Restraints
    Opportunity
    Trends
    Correlation & Regression Analysis
    Correlation Matrix
    Regression Matrix
    Recent Development, Policies & Regulatory Landscape
    Risk Analysis
    Demand Risk Analysis
    Supply Risk Analysis
    Global Smart Vending Machine Market Analysis
    Porters Five Forces
    Threat of New Entrants
    Bargaining Power of Suppliers
    Threat of Substitutes
    Rivalry
    PEST Analysis
    Political
    Economic
    Social
    Technological
    Global Smart Vending Machine Market
    Market Size & forecast, 2020A-2030F
    By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Global Smart Vending Machine Market: Market Segmentation
    By Regions
    North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    By Type: Market Share (2020-2030F)
    Hot drinks, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Snacks, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Packaged drinks, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    By Application: Market Share (2020-2030F)
    QSR, Shopping Malls, and Retail Stores, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Offices, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Public transport, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
    Company Profile
    Continental Vending, Inc.
    Company Overview
    Company Total Revenue (Financials)
    Market Potential
    Global Presence
    Key Performance Indicators
    SWOT Analysis
    Product Launch
    Sanden Holdings Corporation
    Azkoyen Vending Systems
    American Vending Machines
    Bulk Vending Systems
    Automated Merchandising Systems
    Evoke Group, Bianchi Industry SpA
    Crane Merchandising Systems
    Other Prominent Players
    Consultant Recommendation
    **The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

     

  • The Smart Vending Machine Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
          Frequently asked questions(FAQ's):
          What gaps and opportunities are seen in the Smart Vending Machine Market?

          The flow of investment into the Smart Vending Machine Market, which is utilizing technologies to drive efficiency and high volume, clearly shows the market opportunity.

          What are the major applications of the Smart Vending Machine Market?

          Depending upon the type of applications, the Smart Vending Machine Market has been segmented into and other applications.

          What is the expected rate of growth in the Smart Vending Machine Market?

          From 2024 to 2029, the Smart Vending Machine Market is expected to grow at a compound annual growth rate of YY%, reaching a value of USD XXX Million.

          What are the underlying opportunities in the Smart Vending Machine Market?

          The influx of capital into the Smart Vending Machine Market, as well as the deployment of technologies designed to increase efficiency and yield high volume, are paving the way for promising market opportunities.

          How is the competitive landscape for the Smart Vending Machine Market defined?

          Companies in the Smart Vending Machine Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Smart Vending Machine Market's trajectory and future outlook.

          Our Clients