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.
Attribute |
More Details |
Estimation base year |
2015 |
Actual estimates/Historical data |
2014 - 2015. |
Forecast period |
2016 - 2025 |
Representation of the market |
From 2016 to 2025, revenue in USD million, volume in thousand units and CAGR |
Regional scope |
North America, Europe and Asia Pacific, Latin America and MEA |
Country coverage |
U.S., Canada. UK, Germany. India. Japan. China. Brazil. |
Report coverage |
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors. Trends |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to include specific market information that isn't currently covered. |
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.
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Type Outlook (Revenue USD Million; Volume, Thousand Units, 2014-2025)
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Hot drinks
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Snacks
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Get packaged drinks
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Other
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App Outlook (Revenue USD Million; Volume, Thousand Units, 2014-2025)
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QSR, shopping centers, and retail shops
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Offices
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Transport public
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Other
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Regional Outlook (Revenue USD Million; Volume, Thousand Units; 2014-2025)
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North America
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The U.S.
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Canada
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Europe
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UK
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Germany
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Asia Pacific
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China
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Japan
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India
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Latin America
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Brazil
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Mexico
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Middle East & Africa (MEA)
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These are the most frequently asked questions about this report
What is the market for intelligent vending machines?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.
What is the market growth for intelligent vending machines?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.
Which segment had the largest market share for intelligent vending machines?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.
What are the major players in the intelligent vending machine market?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.
What are the driving factors for the market for intelligent vending machines?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.
Report Scope
Report Attributes | Report Details |
Report Title | Intelligent Vending Machines Market Research Report |
By Type | Snacks, Packaged Drinks, Hot Drinks |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 207 |
Number of Tables & Figures | 145 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Intelligent Vending Machines Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Snacks
2. Packaged Drinks
3. Hot Drinks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Vending Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intelligent Vending Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Vending Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intelligent Vending Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intelligent Vending Machines Market Size & Forecast, 2018-2028
4.5.1 Intelligent Vending Machines Market Size and Y-o-Y Growth
4.5.2 Intelligent Vending Machines Market Absolute $ Opportunity
Chapter 5 Global Intelligent Vending Machines Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intelligent Vending Machines Market Size Forecast by Type
5.2.1 Snacks
5.2.2 Packaged Drinks
5.2.3 Hot Drinks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Vending Machines Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Intelligent Vending Machines Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Intelligent Vending Machines Analysis and Forecast
8.1 Introduction
8.2 North America Intelligent Vending Machines Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Intelligent Vending Machines Market Size Forecast by Type
8.6.1 Snacks
8.6.2 Packaged Drinks
8.6.3 Hot Drinks
8.7 Basis Point Share (BPS) Analysis by Type
8.8 Absolute $ Opportunity Assessment by Type
8.9 Market Attractiveness Analysis by Type
Chapter 9 Europe Intelligent Vending Machines Analysis and Forecast
9.1 Introduction
9.2 Europe Intelligent Vending Machines Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Intelligent Vending Machines Market Size Forecast by Type
9.6.1 Snacks
9.6.2 Packaged Drinks
9.6.3 Hot Drinks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
Chapter 10 Asia Pacific Intelligent Vending Machines Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Intelligent Vending Machines Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Intelligent Vending Machines Market Size Forecast by Type
10.6.1 Snacks
10.6.2 Packaged Drinks
10.6.3 Hot Drinks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
Chapter 11 Latin America Intelligent Vending Machines Analysis and Forecast
11.1 Introduction
11.2 Latin America Intelligent Vending Machines Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Intelligent Vending Machines Market Size Forecast by Type
11.6.1 Snacks
11.6.2 Packaged Drinks
11.6.3 Hot Drinks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
Chapter 12 Middle East & Africa (MEA) Intelligent Vending Machines Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Intelligent Vending Machines Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Intelligent Vending Machines Market Size Forecast by Type
12.6.1 Snacks
12.6.2 Packaged Drinks
12.6.3 Hot Drinks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
Chapter 13 Competition Landscape
13.1 Intelligent Vending Machines Market: Competitive Dashboard
13.2 Global Intelligent Vending Machines Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Sanden Corp
13.3.2 Crane Co
13.3.3 Royal Vendors
13.3.4 among others
13.3.5 N&W Global Vending SpA
13.3.6 Azkoyen Group
13.3.7 FAS International SpA
13.3.8 Jofemar
13.3.9 Bianchi Vending Group SpA
13.3.10 Advantech Co Ltd
13.3.11 Rhea Vendors Group
13.3.12 Seaga
13.3.13 Westomatic Vending Services Ltd