The global intelligent vending machines market is expected to experience significant growth from 2022 to 2032. It’s forecasted to increase at an annual rate of 13.4%, reaching a total value of approximately US$ 37.3 billion. This growth is primarily driven by the increasing use of intelligent vending machines in various shopping channels, such as online and physical stores, making shopping more convenient and accessible for consumers.
North America is leading the way when it comes to Intelligent Vending Machines, with the biggest share of the market. It’s expected that this region’s share will grow even more, reaching over 32.8% between 2022 and 2032.
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Market Dynamics:
Increased government regulations, increased user interactivity, mobile payment options, reduced operating costs, adoption of computing technology, remote management, payment flexibility, improved energy efficiency, software flexibility and adoption of IoT in retail vending, etc. are the drivers of Intelligent vending machines market
Growing application of strict rules prohibiting sales of junk food increased rental space costs for the installation of these machines, low operating margins and security issues are the restraints affecting the growth of intelligent vending machines market.
Cashless payment using near-field communications technology as there is increasing consumer preference toward cashless payments and adoption of LCD displays and telemetry systems is the latest trend in intelligent vending machines market.
Regional Outlook:
Western Europe is expected to be the dominant player in intelligent vending machines market followed by North America, Asia-Pacific, Japan, and MEA regions. The Asia-Pacific region is projected to emerge as the fastest rising market due to the increased demand in public transport applications in developing countries such as India and China in the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.
Leading Key Players:
- Crane Co.,
- Canteen Vending Services, Inc.,
- Advantech Co. Ltd.,
- Selecta Group AG,
- Bianchi Vending Group S.p.A,
- Cantaloupe Systems Inc.,
- Intel Corporation,
- Glory Global Solutions Inc.,
- Azkoyen Group,
- USA Technologies Inc.,
- Rhea Vendors Group,
- MEI Inc. and
- Coin Acceptors Inc., among others.
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Recent Development:
- In June 2022, the Azkoyen Group, a leading Spanish technology multinational, which offers automated products and services designed to bring unique experiences to people in their daily lives, unveiled the new version of the Nebular platform at the Venditalia Worldwide Vending Show. It has been developed by the Payment Technologies division of the Azkoyen Group under its Coges brand. It provides an integrated platform of hardware, software, and cloud services in order to network vending machine payment systems and provide each operator with all the payment and loyalty options of the users.
- In October 2021, Dominus Capital, L.P. (Dominus) and affiliates completed their investment in Seaga Manufacturing, Inc. (Seaga), the leading platform for inventory vending and dispensing solutions serving the industrial, water filtration, healthcare laundry, and food & beverage markets. Seaga’s customized offering enables customers to improve inventory management, demand planning, inventory costs, and shrinkage, all while providing safer product access.
Intelligent Vending Machines Industry Segmentation:
By Type:
- For Beverages
- For Snacks
- For Commodities
- Others
By Application:
- For Fast food restaurants
- For Shopping malls
- For Retail stores
- For Public transport
- For Airport
- For Hospitals
- For Hotels
- For a Railway station
- For Schools
- For Business center
By Technology:
- With Cashless systems
- With Telemetry systems
- With Voice recognition
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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The growth of smart vending machines is also being fueled by factors like government rules, machines that are more interactive, the ability to pay with your phone, lower operating costs, better technology, remote management, flexible payment options, and machines that use energy more efficiently. Plus, these machines have software that can adapt to different needs.
Key Players in Intelligent Vending Machines Market:
Crane Co., CanteenVending Services, Inc., Advantech Co. Ltd., Selecta Group AG, Bianchi Vending Group S.p.A, Cantaloupe Systems Inc., Intel Corporation, Glory Global Solutions Inc., Azkoyen Group, USA Technologies Inc., Rhea Vendors Group, MEI Inc. and Coin Acceptors Inc., among others.
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Intelligent Vending Machines Industry Segmentation:
By Type:
- For Beverages
- For Snacks
- For Commodities
- Others
By Application:
- For Fast food restaurants
- For Shopping malls
- For Retail stores
- For Public transport
- For Airport
- For Hospitals
- For Hotels
- For a Railway station
- For Schools
- For Business center
By Technology:
- With Cashless systems
- With Telemetry systems
- With Voice recognition
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
