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Pulished Date February, 2021
ID: 11166
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Vending Machine Market by type (food, cigarette, ticket, beverage drink, and other goods), by application (factory, office buildings, public places, schools, and other types of applications), by payment mode (cash and cashless), and by geography (North America region, Europe region, Asia Pacific region) 2021-2026

Pulished: February, 2021
ID: 11166
Pages: 175

Vending Machine market (Size, Trends, Forecast) 2021-2026:

The market value of Vending Machine market is valued at 6234.2 million US dollars in the year 2021, which is expected to reach a growth of 7632.4 million US dollars by the end of 2026 with a compound annual growth rate of 2.9% during the forecast period of 2021 to 2026.

The market value of the vending machine is expected to increase more during the forecast period.

In general, a vending machine is used to dispense the items that are stored inside it, such as beverages, packaged foods, and tobacco products. 

Vending Machine Market Driving Factors:

One of the major driving factors of vending machines is that the machine’s ability to deliver goods quickly, making it an extremely convenient option for consumers.

Growing demand for on-the-go snacks, drinks due to a hectic lifestyle is one of the major driving factors of Vending Machine market growth rate.

Another major driving factor of the Vending Machine market was a rise in product innovation from various companies such as face recognition, voice recognition, interactive display system, and big data integration propels the growth of revenue of Vending Machines market.

Growing adoption of the vending machine to enhance the consumer shopping experience, increasing demand for vending machines in offices and institutions, rising consumption of convenience food items, and adoption of smart customer service technologies in several food categories are some of the growth-supporting factors of the market of Vending Machine revenue rate.

Another major growth driving factor of the Vending Machine market is as it was a cost-saving alternative to traditional stores with employees.

Increasing investments by the companies from emerging economies such as India, Brazil, and China for new product innovation boost the growth of the market of Vending Machine.

Vending Machine Market Challenges:

Strict regulations regarding the sales of unhealthy, junk food and tobacco products in public places are one of the major restraints which hinder the growth of the Vending Machine Market.

Another major restraint that is affecting the growth of the market of Vending Machine was the fixed product prices.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

2.9%

Segments Covered

Basis of type, Application, Payment mode

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Royal Vendors, Inc.; Glory Ltd.; Sanden Holding Corp.; Seaga Manufacturing, Inc.; Azkoyen Group; Cantaloupe Systems; Westomatic Vending Services Ltd.; Orasesta S.p.A.; Selamat S.r.l.; and Fuji Electric. 

Vending Machine Market Segmentation:

The Vending Machine market is segmented on the basis of type, application, and payment mode.

On the basis of type, the Vending Machine market is segmented into food, cigarette, ticket, beverage drink, and other goods. Among these segments, the beverage drinks segment holds the major share of the marker as it was majorly used in most of the offices and institutions.

On the basis of application, the market of Vending Machine is bifurcated into the factory, office buildings, public places, schools, and other types of applications. Among these segments, the public places segment holds the major share of the market owing to the increase of customers who are attracting towards the vending machines.

On the basis of payment mode, the Vending Machine market is segmented into two types, namely cash and cashless. The cash payment mode segment is holding the largest shares of the market. Availability of cash payment mode vending machines everywhere is ascribed to bolster the growth rate of the market.  

Regional Analysis:

The Vending Machine market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (France, Germany, Italy, UK, Spain and Rest of Europe), Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific). 

North America region holds the major share of the market due to the changing lifestyle in the region is also a major driving factor helps the growth of the market of Vending Machines in North America region. Furthermore, the increase of demand for ready-to-eat meals across the region, especially in some of the countries such as the United States and Canada, is also one of the major driving factors that propel the growth of the market of Vending Machines in the Asia Pacific region.

Asia Pacific region holds the second-largest share of the market of Vending Machines attributed to growing commercial and corporate sectors in the region are some of the factors which are helping the market of Vending Machines to grow further in the Asia Pacific region.

The Europe region is expected to increase the market value of Vending Machines owing to the increasing demand for vending machines in offices and institutions, and the rising consumption of convenience food items propels the growth of the market in the North American region.

Key market players:

Some of the key market players of Vending Machine market are Royal Vendors, Inc.; Glory Ltd.; Sanden Holding Corp.; Seaga Manufacturing, Inc.; Azkoyen Group; Cantaloupe Systems; Westomatic Vending Services Ltd.; Orasesta S.p.A.; Selamat S.r.l.; and Fuji Electric. 

Covid-19 impact on Vending Machine Market:

Coronavirus has impacted the global industries in three ways, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets due to the strict lockdown regulations imposed by the government authorities all around the world.

Due to the lockdown, companies are forced to halt their manufacturing units for a period of time to eradicate the spread of the coronavirus as it was spreading at a rapid speed from one person to another. This situation is expected to continue until there is a cure for the disease. The companies are in a panic situation as they have experienced huge losses due to the covid pandemic and are looking for some alternatives to set out their business on the right path, but it’s gonna take some while until everything is back to normal. 

All companies have resumed their activities as governments lifted all the lockdown guidelines to stable economic growth. 

As per the analysis, the market of Vending Machine is expected to increase the revenue rate in the next few months with all the industries started their manufacturing of the products, which in turn going to increase the revenue rate of the Vending Machine.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                 

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods   

2. Research Methodology                                          

               2.1 Analysis Design                         

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation   

               2.3 Study Timeline                          

3. Report Overview                                       

               3.1 Executive Summary                 

               3.2 Key Inferencees                       

4. Market Dynamics                                      

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                       

               4.3 Technology Timeline & Recent Trends 

5. Competitor Benchmarking Analysis                                    

               5.1 Key Player Benchmarking                      

                              5.1.1 Market share analysis         

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                       

               5.3 Joint Ventures & Collaborations                         

6. Market Segmentation                              

               6.1 Vending Machine Market, By Type                    

                              6.1.1 Food          

                              6.1.2 Cigarette  

                              6.1.3 Ticket        

                              6.1.4 Beverage drink       

                              6.1.5 Other goods           

    6.1.6 Market Size Estimations & Forecasts (2021-2026)     

                              6.1.7 Y-o-Y Growth Rate Analysis              

                              6.1.8 Market Attractiveness Index             

               6.2 Vending Machine Market, By Application                       

                              6.2.1 Factory     

                              6.2.2 Office buildings      

                              6.2.3 Public places           

                              6.2.4 Schools     

                              6.2.5 Other types of applications

   6.2.6 Market Size Estimations & Forecasts (2021-2026)     

                              6.2.7 Y-o-Y Growth Rate Analysis              

                              6.2.8 Market Attractiveness Index             

               6.3 Vending Machine Market, By Payment Mode                

                              6.3.1 Cash          

                              6.3.2 Cashless   

      6.3.3 Market Size Estimations & Forecasts (2021-2026)     

                              6.3.4 Y-o-Y Growth Rate Analysis              

                              6.3.5 Market Attractiveness Index             

7. Geographical Landscape                                        

   7.1 Global Identity Governance and Administration Market, by Region  

               7.2 North America - Market Analysis (2021- 2026) 

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type     

                              7.2.3 By Application        

                              7.2.4 By Payment Mode 

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type     

                              7.3.3 By Application        

                              7.3.4 By Payment Mode 

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type     

                              7.4.3 By Application        

                              7.4.4 By Payment Mode 

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type     

                              7.5.3 By Application        

                              7.5.4 By Payment Mode 

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type     

                              7.6.3 By Application        

                              7.6.4 By Payment Mode 

8. Key Player Analysis                                   

               8.1 Royal Vendors, Inc                  

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 Glory Ltd.                    

               8.3 Sanden Holding Corp.                            

               8.4 Seaga Manufacturing, Inc                     

               8.5 Azkoyen Group                         

               8.6 Cantaloupe Systems                

               8.7 Westomatic Vending Services Ltd                      

               8.8 Orasesta S.p.A                          

               8.9 Selamat S.r.l               

               8.10 Fuji Electric              

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Vending Machine Market By Region, From 2021-2026 ( USD Billion )
  2. Global Vending Machine Market By Type, From 2021-2026 ( USD Billion )
  3. Global Food Market By Region, From 2021-2026 ( USD Billion )
  4. Global Cigarette Market By Region, From 2021-2026 ( USD Billion )
  5. Global Ticket Market By Region, From 2021-2026 ( USD Billion )
  6. Global Beverage drink Market By Region, From 2021-2026 ( USD Billion )
  7. Global Other goods Market By Region, From 2021-2026 ( USD Billion )
  8. Global Vending Machine Market By Application, From 2021-2026 ( USD Billion )
  9. Global Factory Market By Region, From 2021-2026 ( USD Billion )
  10. Global Office buildings Market By Region, From 2021-2026 ( USD Billion )
  11. Global Public places Market By Region, From 2021-2026 ( USD Billion )
  12. Global Schools Market By Region, From 2021-2026 ( USD Billion )
  13. Global Other types of applications Market By Region, From 2021-2026 ( USD Billion )
  14. Global Vending Machine Market By Payment Mode, From 2021-2026 ( USD Billion )
  15. Global Cash Market By Region, From 2021-2026 ( USD Billion )
  16. Global Cashless Market By Region, From 2021-2026 ( USD Billion )

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