Global Intelligent Vending Machines Market, By Product Dispensed (Salty and Savory Snacks, Bakery Products, Confectionery Products, Beverages, Others), Application (Retail Sites, Public Transport Hubs, Offices/Institutions), Installation Site (Offices, Retail Stores, Public Places, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Intelligent Vending Machines Market
Intelligent vending machines market will reach at an estimated value of USD 47.72 billion and grow at a CAGR of 22.70% in the forecast period of 2021 to 2028. Rising penetration of Internet of Things (IoT) and connected device technologies is an essential factor driving the intelligent vending machines market.
A vending machine is a type of device which dispenses items that are stored inside it in exchange of the inserted coins or tokens. A vending machine is an automated machine which provides items such as beverages, snacks, cigarettes and lottery tickets to consumers after cash, a credit card, or a specially designed card is inserted into the machine. An intelligent vending machine is an evolved vending machine which not only dispenses items but also, engages shoppers with the help of touch-screen video, controls, audio, scent, gesture-based interaction, and cashless payment.
Rise in the demand for UI-based transactions is a crucial factor accelerating the market growth, also increase in the usage of cashless transactions, rising trend of immediate gratification, rising surge in dependency on ATM cards and mobile banking, rapid digitization and penetration of internet across the globe, growing adoption of reverse vending machine in MEA, rising penetration of self-service technology across North America, increasing demand for cashless systems in Europe and rising economic stability and globalization in Latin America are the major factors among others boosting the Intelligent vending machines market. Moreover, rising initiatives by the government in order to support adoption of digitalization, rising activities for the development of internet of things infrastructure and increasing technical advancements in order to make devices user friendly and accuracy of numerous connected devices will further create new opportunities for intelligent vending machines market in the forecast period mentioned above.
However, increasing security issues and increasing prohibition of the sale of tobacco products in several regions are the major factors among others restraining the market growth, and will further challenge the intelligent vending machines market in the forecast period mentioned above.
This intelligent vending machines market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intelligent vending machines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Intelligent Vending Machines Market Scope and Market Size
Intelligent vending machines market is segmented on the basis of product dispensed, application and installation site. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product dispensed, the intelligent vending machines market is segmented into salty and savory snacks, bakery products, confectionery products, beverages and others.
- Based on application, the intelligent vending machines market is segmented into retail sites, public transport hubs and offices/institutions.
- The intelligent vending machines market is also segmented on the basis of installation site into offices, retail stores, public places and others.
Global Intelligent Vending Machines Market Scope Country Level Analysis
Intelligent vending machines market is analysed and market size, volume information is provided by country, product dispensed, application and installation site as referenced above.
The countries covered in the intelligent vending machines market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the intelligent vending machines market due to rising surge in dependency on ATM cards and mobile banking, rapid digitization and penetration of internet across the globe, growing adoption of reverse vending machine in MEA and rising penetration of self-service technology in this region. Europe is the second largest region in terms of growth in intelligent vending machines market due to rising preference for smart payment options including credit cards, debit cards, online transaction among others. Asia-Pacific is the expected region in terms of growth in intelligent vending machines market due to increasing digitalization in the region.
The country section of the intelligent vending machines market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intelligent Vending Machines Market Share Analysis
Intelligent vending machines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intelligent vending machines market.
The major players covered in intelligent vending machines market report are Azkoyen Group, BIANCHI INDUSTRY SPA, BULK VENDING SYSTEMS, Compass Group PLC, Crane Merchandising Systems, Evoca Group, Fas International, JOFEMAR SA, Royal Vendors, Inc., SANDEN HOLDINGS CORPORATION, Seaga Group, Canteen, American Vending Machines, Automated Merchandising Systems Inc, KIOSK Information Systems, NCR, SLABB INC., Source Technologies, Diebold Nixdorf, Incorporated, Embross, IER, Meridian, REDYREF and Advantech Co., Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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