NEW YORK , Nov. 29, 2022 /PRNewswire/ -- The global vending machine market has been categorized as a part of the global electronic equipment and instruments market. The parent market, the global electronic equipment and instruments market, covers manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. The market is expected to grow at a moderate pace.
The vending machine market size is expected to grow by USD 12,426.7 million from 2022 to 2027. In addition, the growth momentum of the market will accelerate at a CAGR of 16.81% during the forecast period, according to Technavio. Rotary Knife Vegetable Cutter
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Vending Machine Market 2023-2027: Scope
The vending machine market report covers the following areas:
Vending Machine Market Size
Vending Machine Market Industry Analysis
Vending Machine Market 2023-2027: Vendor Landscape
The global vending machine market has well-established players that design and produce vending machines for customers. Manufacturers of vending machines are working continuously on developing innovative products and expanding their customer base. In addition, prominent vendors are expected to increase their focus on intelligent vending machines during the forecast period. The revenue of the market is expected to increase during the forecast period, with the rising demand for vending machines from end-users.
Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH & Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA are among some of the major market participants.
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Vending Machine Market 2023-2027: Segmentation
The vending machine market share growth in the low-end vending machines segment will be significant during the forecast period. The growth of this segment is driven by a strong increase in the number of retail outlets. Most small and medium-scale retailers use low-end vending machines. They are increasingly adopting such machines to minimize the recurring costs associated with manpower to enhance productivity and promote cashless and quick shopping practices.
37% of the market's growth will originate from North America during the forecast period. The US is the key market for the vending machine market in North America . The growth of the market in the region is attributed to factors such as the rising adoption of vending machines by different end-user industries.
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Vending Machine Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist vending machine market growth during the next five years
Estimation of the vending machine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the vending machine market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the vending machine market vendors
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Accelerate at a CAGR of 16.81%
North America, APAC, Europe, South America, and Middle East and Africa
US, Japan, China, Germany, and UK
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH & Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
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3.4 Market outlook: Forecast for 2022-2027
4.1 Global vending machine market 2017 - 2021
4.3 Distribution channel Segment Analysis 2017 - 2021
6.3 Low end vending machines - Market size and forecast 2022-2027
6.4 Intelligent vending machines - Market size and forecast 2022-2027
7 Market Segmentation by Distribution Channel
7.3 Offline - Market size and forecast 2022-2027
7.4 Online - Market size and forecast 2022-2027
7.5 Market opportunity by Distribution Channel
9.3 North America - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 APAC - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 Japan - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 China - Market size and forecast 2022-2027
9.12 UK - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.12 Future Techniks India Pvt. Ltd.
13.3 Currency conversion rates for US$
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