The U.S. and Canada hot food vending machine market is estimated to reach US$ 4.17 Billion in 2022 and is projected to surpass US$ 7.83 Billion by 2031. Sales of hot food vending machines in the U.S. and Canada increased at a CAGR of 7.2% from 2017 to 2021.
Increasing number of self-checkout kiosk coupled with convenient payment options is boosting the demand for hot food vending machine in the U.S. and Canada. Need for fresh and hot food due to improved and hectic lifestyle will drive the demand in the market.
Furthermore, strong U.S. economy and adoption of smart hot food vending machines in the corporate sector across the U.S. and Canada will propel the sales in the market. By creating inviting spaces for their employees to enjoy their snacks or meals, employers can increase the amount of time their workforce spends in the office. Such factors are contributing towards the growth of the hot food vending machines in the U.S. and Canada.
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Key Takeaways from the U.S. and Canada Hot Food Vending Machine Market Study
- Under the food type, ready meat is leading in terms of revenue followed by high preference of consumers for sandwiches and burgers securing the second and third place, respectively.
- Steel-made vending machines are highly recommended among manufacturers and operators because of their high strength and resistance properties therefore, highly contributing to the U.S. and Canada hot food vending machine market.
- As per analysis, hospitals & clinics areas are anticipated to grow at a significant rate in the U.S. and Canada hot food vending machine industry.
- Based on application, airports & railways stations segment is likely to witness growth owing to the growing number of travellers across the U.S. and Canada.
Who is winning?
Leading manufacturers of U.S. and Canada hot food vending machine are focused on aggressive promotional strategies and advertisements that have driven sales growth in U.S. and Canada hot food vending machine market.
Major players present in the U.S. and Canada hot food vending machine market are Ausbox Group,ALe Bread Xpress INC, Basil Street Café, FastCorp Vending LLC, INTEGRA D.O.O., Let’s Pizza, QMBOX, Digital Media Vending International, LLC, Kratom Crazy Sprinkles, Burrito Box, Farmer’s Fridge, and Berdoll Pecan among others.
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Market by Category
By Food Type, U.S. and Canada Hot Food Vending Machine Market is segmented as:
- Sandwiches
- Pizza
- Burgers
- Hot Dogs
- Pack Soup
- Ready Meat
- Steam Products
- French Fries
- Others
By Capacity, U.S. and Canada Hot Food Vending Machine Market is segmented as:
- Below 100 Units
- 100-150 Units
- 150 and Above Units
By Material Type, U.S. and Canada Hot Food Vending Machine Market is segmented as:
- Steel
- Aluminum
- Others
By Application, U.S. and Canada Hot Food Vending Machine Market is segmented as:
- Hospitals & Clinics
- Hotels & Restaurants
- Malls & Retail Stores
- Airports & Railways Stations
- Corporates & Offices
- Academic Institutions
- Hypermarkets/Supermarkets
- Food Service Companies/Operators
- Others
By Country, U.S. and Canada Hot Food Vending Machine Market is segmented as:
- U.S.
- Canada
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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.
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