- In September 2024, JR East completed the acquisition of Decorum Vending, a company that operates vending machines at various stations in the UK. With this acquisition, JR East aims to significantly increase its presence in the vending machine sector by expanding the number of units installed at transportation hubs to 1,000. This strategic move reflects the company's commitment to enhancing convenience and accessibility for travelers in key locations
- In September 2024, TOMRA Collection introduced the TOMRA R2 reverse vending machine, specifically designed for smaller retail stores. This innovative machine includes features like digital vouchers and enhanced options for charity donations, promoting recycling and sustainability in convenient locations. By catering to the needs of smaller establishments, the TOMRA R2 aims to make recycling more accessible and engaging for consumers
- In March 2023, Crane Holdings, Co. and Crane Company underwent a separation, allowing each entity to operate as an independent, publicly traded company. This strategic move enables them to concentrate on their core competencies more effectively. Additionally, it facilitates improved alignment of investment and capital allocation strategies with their respective growth platforms, enhancing their overall operational focus
- In June 2023, The Azkoyen Group was honored with the Most Sustainable Product award for its Neo Q machine, which offers integrated coffee and water services while promoting sustainability across workplaces, gyms, leisure centers, and other venues. This innovative machine encourages users to bring their own cups or bottles, significantly reducing single-use waste. Additionally, it recently earned the prestigious IF Design Award, further recognizing its exceptional design and functionality in the marketplace
- In May 2023, Azkoyen Group showcased its latest innovative solutions in espresso, filter coffee, and fresh milk-based beverages to operators. The company is committed to delivering cutting-edge products tailored to customer preferences, introducing its patented micro-injection air technology (MIA). This technology enables a variety of beverages, from cappuccinos to latte macchiatos, with silky foam, even using plant-based milks, reinforcing Azkoyen's dedication to advancing coffee culture and solutions in the office coffee service and on-the-go coffee markets
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Beverage, Food, Tobacco, and Others), Application (Retail Sites, Public Transport Hubs, Offices and Institutions, and Others), Payment Mode (Cash and Cashless) – Industry Trends and Forecast to 2031
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The Global Vending Machine Market size was valued at USD 18.50 USD Billion in 2023.
The Global Vending Machine Market is projected to grow at a CAGR of 7.3% during the forecast period of 2024 to 2031.
The major players operating in the market include Crane Co, Azkoyen Group, Fuji Electric Co Ltd, Sanden Holdings Corporation, Seaga Manufacturing , Royal Vendors , Bianchi Vending Group SpA, Sielaff GmbH & Co KG, Selecta Group, N&W Global Vending SpA, DixieNarco , FAS International SpA, Bianchi Industry SpA, Rheavendors Group, Wittern Group.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.
