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Smart Vending Machine Market - Forecast(2024 - 2030)
According to the International Trade Centre, the automatic goods vending machines including those for cigarettes, food items, and beverages registered a global trade value of $1.77m in 2018. Smart vending machines are self-contained onsite product dispensing machines, and offer features such as automated payment and date recognition which enable the machines to discard expired products automatically. The real-time update feature on these machines ensure streamlined supply. The global smart vending machine market size was valued at $4.27m in 2018, and the market is estimated to witness growth at a CAGR of 16.74% through the forecast period of 2019 to 2025.
North America dominated the global smart vending machines market, by accounting for 37% of the share in 2018. This is owing to the presence of nations such as the U.S., which is a very lucrative region for the smart vending machines market. According to the National Automatic Merchandising Association, vending machines made an economic impact of nearly $25 billion on the U.S. convenience service industry.Additionally, the industry generates jobs worth $7.21 billion and pays $3.5 billion in taxes to the government. With such a fruitful base, the demand in the smart vending machines market is projected to grow in the near future.
Smart Vending Machine Market Outlook:
Beverage vending machines are witnessing the highest demand as compared to other types of smart vending machine, and this segment is projected to grow at a CAGR of 15.06% during the forecast period. Increased consumption of beverages such as cold drinks, alcohol, energy drinks, and juices are responsible for the growing application of beverage vending machines. These machines are used in numerous end-user industrial applications such as retail, public transport, entertainment and hospitality, and in the medical sector. According to the American Academy of Pediatrics Journal, beverages such as soda and diet soda are the most popular drinks offered for sale by vending machines. In the medical industry, 28% of the vending machines are used for storing soda, while 12% are used for storing diet soda. Beverage vending machines are also being installed in public transportation such as trains and buses to enhance the travel experience for commuters. Increasing tourism and commuting options owing to public transport is creating opportunities for the smart vending machines market.
Smart Vending Machine Market Growth Drivers
·Corporate Culture: The corporate sectors is employing advanced and innovative strategies to optimize the office environment for employees. More popularly known as office coffee service (OCS), these machines are majorly preferred by corporate consumers for providing fresh, healthy, and light refreshments during office hours. Integrating smart technology in these machines will help the offices to track individual orders and the employees consuming the products. Globally, growing demand from corporate consumers is driving the smart vending machine market.
·Commercial and Public Place Engagement: Application of smart vending machines have significantly increased in the past few years at commercial and public places. Airports, railway stations, bus station, malls, hospitals, colleges and offices are the most common places where these smart vending machines can be found. Rapid and secure transactions by these machines is enhancing consumer satisfaction and thereby encouraging store owners to install smart vending machines. The global shift towards adopting an automated ecosystem is also supporting the smart vending machine market growth.
Smart Vending Machine Market Trends
·Energy Efficient Solutions: Smart Vending Machine manufacturers are developing energy efficient solutions to reduce the carbon footprint of these machines. Popular beverage brand Coca-Cola is developing recycled and eco-friendly smart vending machines with sustainable technology which can balance the environmental impact.
·Cashless Payment Solution: Manufacturers are trying to incorporate a cashless payment solution within the smart vending machines. They are integrating connected solutions within the vending machines to gain real-time consumer and transactional data. Foreseeing the robust digitalization, the cashless payment technology in smart vending machines will certainly increase revenues in the global smart vending machine market.
Smart Vending Machine Market Key Players Perspective –
Companies are expanding geographically and innovating rapidly to gain ground over their competitors. The key players involved in the smart vending machine market are Azkoyen, S.A.; Bianchi Vending Group S.p.A.; Evoca Group; Fuji Electric Co., Ltd.; FAS INTERNATIONAL S.P.A.; Hunan TCN Vending Machine Co., Ltd; Sanden Holdings Corporation; and American Vending Machines.
Smart Vending Machine Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the smart vending machine market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The smart vending machine market research report also analyses the application of smart vending machine in various sectors such as real estate, small and medium-sized business, and others.
table 1: Smart Vending Machine Market Overview 2023-2030
table 2: Smart Vending Machine Market Leader Analysis 2023-2030 (US$)
table 3: Smart Vending Machine Market Product Analysis 2023-2030 (US$)
table 4: Smart Vending Machine Market End User Analysis 2023-2030 (US$)
table 5: Smart Vending Machine Market Patent Analysis 2013-2023* (US$)
table 6: Smart Vending Machine Market Financial Analysis 2023-2030 (US$)
table 7: Smart Vending Machine Market Driver Analysis 2023-2030 (US$)
table 8: Smart Vending Machine Market Challenges Analysis 2023-2030 (US$)
table 9: Smart Vending Machine Market Constraint Analysis 2023-2030 (US$)
table 10: Smart Vending Machine Market Supplier Bargaining Power Analysis 2023-2030 (US$)
table 11: Smart Vending Machine Market Buyer Bargaining Power Analysis 2023-2030 (US$)
table 12: Smart Vending Machine Market Threat of Substitutes Analysis 2023-2030 (US$)
table 13: Smart Vending Machine Market Threat of New Entrants Analysis 2023-2030 (US$)
table 14: Smart Vending Machine Market Degree of Competition Analysis 2023-2030 (US$)
table 15: Smart Vending Machine Market Value Chain Analysis 2023-2030 (US$)
table 16: Smart Vending Machine Market Pricing Analysis 2023-2030 (US$)
table 17: Smart Vending Machine Market Opportunities Analysis 2023-2030 (US$)
table 18: Smart Vending Machine Market Product Life Cycle Analysis 2023-2030 (US$)
table 19: Smart Vending Machine Market Supplier Analysis 2023-2030 (US$)
table 20: Smart Vending Machine Market Distributor Analysis 2023-2030 (US$)
table 21: Smart Vending Machine Market Trend Analysis 2023-2030 (US$)
table 22: Smart Vending Machine Market Size 2023 (US$)
table 23: Smart Vending Machine Market Forecast Analysis 2023-2030 (US$)
table 24: Smart Vending Machine Market Sales Forecast Analysis 2023-2030 (Units)
table 25: Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 26: Smart Vending Machine Market By Type, Revenue & Volume, By Retail Vending Machine, 2023-2030 ($)
table 27: Smart Vending Machine Market By Type, Revenue & Volume, By Self Service, 2023-2030 ($)
table 28: Smart Vending Machine Market By Type, Revenue & Volume, By ATM, 2023-2030 ($)
table 29: Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 30: Smart Vending Machine Market By End Use, Revenue & Volume, By Retail Industry, 2023-2030 ($)
table 31: Smart Vending Machine Market By End Use, Revenue & Volume, By Entertainment & Hospitality, 2023-2030 ($)
table 32: Smart Vending Machine Market By End Use, Revenue & Volume, By Medical, 2023-2030 ($)
table 33: Smart Vending Machine Market By End Use, Revenue & Volume, By Transportation/Public Transport, 2023-2030 ($)
table 34: North America Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 35: North America Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 36: South america Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 37: South america Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 38: Europe Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 39: Europe Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 40: APAC Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 41: APAC Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 42: Middle East & Africa Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 43: Middle East & Africa Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 44: Russia Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 45: Russia Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 46: Israel Smart Vending Machine Market, Revenue & Volume, By Type, 2023-2030 ($)
table 47: Israel Smart Vending Machine Market, Revenue & Volume, By End Use, 2023-2030 ($)
table 48: Top Companies 2023 (US$)Smart Vending Machine Market, Revenue & Volume
table 49: Product Launch 2023-2030Smart Vending Machine Market, Revenue & Volume
table 50: Mergers & Acquistions 2023-2030Smart Vending Machine Market, Revenue & Volume
List of Figures
Figure 1: Overview of Smart Vending Machine Market 2023-2030
Figure 2: Market Share Analysis for Smart Vending Machine Market 2023 (US$)
Figure 3: Product Comparison in Smart Vending Machine Market 2023-2030 (US$)
Figure 4: End User Profile for Smart Vending Machine Market 2023-2030 (US$)
Figure 5: Patent Application and Grant in Smart Vending Machine Market 2013-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Smart Vending Machine Market 2023-2030 (US$)
Figure 7: Market Entry Strategy in Smart Vending Machine Market 2023-2030
Figure 8: Ecosystem Analysis in Smart Vending Machine Market 2023
Figure 9: Average Selling Price in Smart Vending Machine Market 2023-2030
Figure 10: Top Opportunites in Smart Vending Machine Market 2023-2030
Figure 11: Market Life Cycle Analysis in Smart Vending Machine Market
Figure 12: GlobalBy TypeSmart Vending Machine Market Revenue, 2023-2030 ($)
Figure 13: GlobalBy End UseSmart Vending Machine Market Revenue, 2023-2030 ($)
Figure 14: Global Smart Vending Machine Market - By Geography
Figure 15: Global Smart Vending Machine Market Value & Volume, By Geography, 2023-2030 ($)
Figure 16: Global Smart Vending Machine Market CAGR, By Geography, 2023-2030 (%)
Figure 17: North America Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 18: US Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 19: US GDP and Population, 2023-2030 ($)
Figure 20: US GDP – Composition of 2023, By Sector of Origin
Figure 21: US Export and Import Value & Volume, 2023-2030 ($)
Figure 22: Canada Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 23: Canada GDP and Population, 2023-2030 ($)
Figure 24: Canada GDP – Composition of 2023, By Sector of Origin
Figure 25: Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 26: Mexico Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 27: Mexico GDP and Population, 2023-2030 ($)
Figure 28: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 29: Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 30: South America Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 31: Brazil Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 32: Brazil GDP and Population, 2023-2030 ($)
Figure 33: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 34: Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 35: Venezuela Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 36: Venezuela GDP and Population, 2023-2030 ($)
Figure 37: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 38: Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 39: Argentina Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 40: Argentina GDP and Population, 2023-2030 ($)
Figure 41: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 42: Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 43: Ecuador Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 44: Ecuador GDP and Population, 2023-2030 ($)
Figure 45: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 46: Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 47: Peru Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 48: Peru GDP and Population, 2023-2030 ($)
Figure 49: Peru GDP – Composition of 2023, By Sector of Origin
Figure 50: Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 51: Colombia Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 52: Colombia GDP and Population, 2023-2030 ($)
Figure 53: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 54: Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 55: Costa Rica Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 56: Costa Rica GDP and Population, 2023-2030 ($)
Figure 57: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 58: Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 59: Europe Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 60: U.K Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 61: U.K GDP and Population, 2023-2030 ($)
Figure 62: U.K GDP – Composition of 2023, By Sector of Origin
Figure 63: U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 64: Germany Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 65: Germany GDP and Population, 2023-2030 ($)
Figure 66: Germany GDP – Composition of 2023, By Sector of Origin
Figure 67: Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 68: Italy Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 69: Italy GDP and Population, 2023-2030 ($)
Figure 70: Italy GDP – Composition of 2023, By Sector of Origin
Figure 71: Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 72: France Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 73: France GDP and Population, 2023-2030 ($)
Figure 74: France GDP – Composition of 2023, By Sector of Origin
Figure 75: France Export and Import Value & Volume, 2023-2030 ($)
Figure 76: Netherlands Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 77: Netherlands GDP and Population, 2023-2030 ($)
Figure 78: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 79: Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 80: Belgium Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 81: Belgium GDP and Population, 2023-2030 ($)
Figure 82: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 83: Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 84: Spain Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 85: Spain GDP and Population, 2023-2030 ($)
Figure 86: Spain GDP – Composition of 2023, By Sector of Origin
Figure 87: Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 88: Denmark Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 89: Denmark GDP and Population, 2023-2030 ($)
Figure 90: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 91: Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 92: APAC Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 93: China Smart Vending Machine Market Value & Volume, 2023-2030
Figure 94: China GDP and Population, 2023-2030 ($)
Figure 95: China GDP – Composition of 2023, By Sector of Origin
Figure 96: China Export and Import Value & Volume, 2023-2030 ($)Smart Vending Machine Market China Export and Import Value & Volume, 2023-2030 ($)
Figure 97: Australia Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 98: Australia GDP and Population, 2023-2030 ($)
Figure 99: Australia GDP – Composition of 2023, By Sector of Origin
Figure 100: Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 101: South Korea Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 102: South Korea GDP and Population, 2023-2030 ($)
Figure 103: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 104: South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 105: India Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 106: India GDP and Population, 2023-2030 ($)
Figure 107: India GDP – Composition of 2023, By Sector of Origin
Figure 108: India Export and Import Value & Volume, 2023-2030 ($)
Figure 109: Taiwan Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 110: Taiwan GDP and Population, 2023-2030 ($)
Figure 111: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 112: Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 113: Malaysia Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 114: Malaysia GDP and Population, 2023-2030 ($)
Figure 115: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 116: Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 117: Hong Kong Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 118: Hong Kong GDP and Population, 2023-2030 ($)
Figure 119: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 120: Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 121: Middle East & Africa Smart Vending Machine Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 122: Russia Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 123: Russia GDP and Population, 2023-2030 ($)
Figure 124: Russia GDP – Composition of 2023, By Sector of Origin
Figure 125: Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 126: Israel Smart Vending Machine Market Value & Volume, 2023-2030 ($)
Figure 127: Israel GDP and Population, 2023-2030 ($)
Figure 128: Israel GDP – Composition of 2023, By Sector of Origin
Figure 129: Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 130: Entropy Share, By Strategies, 2023-2030* (%)Smart Vending Machine Market
Figure 131: Developments, 2023-2030*Smart Vending Machine Market
Figure 132: Company 1 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 133: Company 1 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 134: Company 1 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 135: Company 2 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 136: Company 2 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 137: Company 2 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 138: Company 3 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 139: Company 3 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 140: Company 3 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 141: Company 4 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 142: Company 4 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 143: Company 4 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 144: Company 5 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 145: Company 5 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 146: Company 5 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 147: Company 6 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 148: Company 6 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 149: Company 6 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 150: Company 7 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 151: Company 7 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 152: Company 7 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 153: Company 8 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 154: Company 8 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 155: Company 8 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 156: Company 9 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 157: Company 9 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 158: Company 9 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 159: Company 10 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 160: Company 10 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 161: Company 10 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 162: Company 11 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 163: Company 11 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 164: Company 11 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 165: Company 12 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 166: Company 12 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 167: Company 12 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 168: Company 13 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 169: Company 13 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 170: Company 13 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 171: Company 14 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 172: Company 14 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 173: Company 14 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)
Figure 174: Company 15 Smart Vending Machine Market Net Revenue, By Years, 2023-2030* ($)
Figure 175: Company 15 Smart Vending Machine Market Net Revenue Share, By Business segments, 2023 (%)
Figure 176: Company 15 Smart Vending Machine Market Net Sales Share, By Geography, 2023 (%)