Global Intelligent Vending Machines Market by Type (Snacks, Packaged Drinks, Hot Drinks) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global intelligent vending machine market was valued at USD 3.34 Billion in 2015. It is expected to grow over the forecast period. It is expected that intelligent vending machines will grow due to the increasing use of Internet of Things (IoT), and other connected technology.

Further, the industry's growth is being accelerated by consumers' increasing preference for cashless payments. The industry is expected to benefit from the use of protocols for cashless, near field communication (NFC), as well as mobile payments. Technological advancement is allowing for the adoption of new techniques in dispensing systems, including voice and face recognition.

The machines can recommend products based upon their gender and age. To increase their profits through advertising and other news, vendors are focusing on interactive dispensing systems. The systems can also be controlled remotely, which reduces the need to have an operator at the machine.

The market growth will be impeded by the increased regulations regarding the sale of junk food through avenues like schools, and the prohibition of potentially dangerous confectionery products such as tobacco and cigarettes. The manufacturing and deployment costs of these machines can be costly, which will ultimately impact vendor interest.

Type Insights

Due to increasing emphasis on healthy vending, packaged drinks will be the fastest-growing segment of the intelligent vending machine market. This segment includes packaged beverages such as water, juice, milk, flavored drinks, and energy drink, along with other items. Consumers continue to look for novel packaged drinks that are low-calorie and meet their health needs.

Packaged drinks are becoming more popular due to the availability of multi-layered aseptic cartons and tetrapaks. In 2015, the packaged drinks market was worth 224.6 thousand units.

Packaged drinks demand was valued at USD 569.2 millions in 2015. It is expected to grow at a CAGR 14.8% during the forecast period. Hot drinks accounted for the largest revenue share at USD 1,534.2million in 2015. The demand for hot drinks is growing due to consumers' preference for instant refreshment and hydration.

Application Insights

Vending systems are increasingly being adopted in offices and other places. This application segment was valued in 2015 at USD 575.1 millions and is expected to grow at a CAGR 14.7%. These systems can be adopted in office buildings for several reasons, including space conservation, cost-effectiveness and cleanliness.

Over the forecast period, the QSR, shopping centers, and retail shops are expected to dominate this application segment. In terms of volume, the segment held 12.7% of total market share in 2015.

Regional Insights

With more than 40% of the market's revenue share in 2015, North America dominated. This is due to the rapid adoption and growth of self-services technology as well as new business models. These systems are being deployed in the region thanks to favorable mandates from countries like the U.S. and Canada that promote energy conservation. Over the next nine year, Asia Pacific will be the fastest growing region.

Intelligent Vending Machines Market Share Insights

Among the prominent players in this market are Crane Co. and Advantech Co. Ltd..

Inorganic growth strategies are becoming more popular among industry players. This includes acquiring smaller players and other ecosystem players. Bianchi Vending S.p.A. purchased Brasilia (a maker of espresso machines) in October 2015. This acquisition was made to help strengthen the hotel, restaurant and catering sector (HORECA). The business supplies bars, restaurants and caterers as well as hotels. To increase and optimize their market share, market participants continue to emphasize the importance of collaborating with other players.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis on industry trends in each sub-segment from 2014 through 2025. Up Market Research has divided the global market for intelligent vending machines on the basis type, region, and application.

• Type Outlook (Revenue USD Million; Volume, Thousand Units, 2014-2025)

  • Hot drinks

  • Snacks

  • Get packaged drinks

  • Other

• App Outlook (Revenue USD Million; Volume, Thousand Units, 2014-2025)

  • QSR, shopping centers, and retail shops

  • Offices

  • Transport public

  • Other

• Regional Outlook (Revenue USD Million; Volume, Thousand Units; 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)

These are the most frequently asked questions about this report

b. Global intelligent vending machine market was valued at USD 5.39 Billion in 2019, and is forecast to grow to USD 6.13 Billion by 2020.

b. Global intelligent vending machine market is expected grow at a compound annual rate of 14.2% between 2020 and 2027, reaching USD 15.47 billion in 2027.

b. With a market share of 39.61%, North America was the dominant country in the intelligent vending machine market in 2019, This is due to the rapid adoption and emergence of new business models. These systems are being deployed in the region because of favorable mandates from countries like the U.S. and Canada that promote energy conservation.

b. Crane Co. and Advantech Co. Ltd. are key players in the intelligent vending machine market. A, Azkoyen Group. FAS International S.p.A. N&W Global Vending S.p.A. Rhea Vendors Group. Westomatic Vending Services Ltd. Sanden Corp. Sanden Corp. Sanden Corp. Seaga, Jofemar. Royal Vendors.

b. The market for intelligent vending machines is growing due to increasing demand for energy-efficient vending machine and the rising preference towards cashless payments.

Up Market Research published a new report titled “Intelligent Vending Machines Market research report which is segmented by Type (Snacks, Packaged Drinks, Hot Drinks), By Players/Companies Sanden Corp, Crane Co, Royal Vendors, among others, N&W Global Vending SpA, Azkoyen Group, FAS International SpA, Jofemar, Bianchi Vending Group SpA, Advantech Co Ltd, Rhea Vendors Group, Seaga, Westomatic Vending Services Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Intelligent Vending Machines Market Report Segments:

The market is segmented by Type (Snacks, Packaged Drinks, Hot Drinks).

Intelligent Vending Machines Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Intelligent Vending Machines Market

Overview of the regional outlook of the Intelligent Vending Machines Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Intelligent Vending Machines Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Intelligent Vending Machines Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Snacks

                2. Packaged Drinks

                3. Hot Drinks

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intelligent Vending Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Intelligent Vending Machines Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.