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Vending Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 145 pages | ID: VDEE5B404D5CEN
IMARC Group

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The global vending machine market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

A vending machine is a standalone automated device that dispenses small-sized products in exchange for tokens or cash. It is used for dispensing food products, such as packaged snacks, chocolate bars, cupcakes, pizzas, hot and cold beverages and candies. They are also used for providing toys, newspapers, cigarettes and tickets. The products are loaded into the machine and are available for purchase throughout the day. The machine dispenses the product corresponding to the item number or button selected by the consumer. It also consists of bill and coin validators, computer control boards, refrigeration units and lighting systems to automate the vending process and provide a seamless experience to the user. As a result, vending machines are widely used in public spaces, commercial complexes, restaurants and hotels.

Vending Machine Market Trends:
Significant growth in the retail industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for automated product distribution systems across airports, hospitals, school canteens, railway and petrol stations and industrial plants is providing a thrust to the market growth. Various technological advancements, such as the development of reverse vending machines (RVM), are acting as other growth-inducing factors. These machines enable the customer to insert used or empty plastic containers and aluminum cans in exchange for a reward. Product manufacturers are also launching novel variants with integrated touch-screen panels, gesture-, video-, audio and scent-based interactions and cashless payment functionalities. In line with this, the widespread adoption of self-service technology across industries is also contributing to the growth of the market. Other factors, including the increasing expenditure capacities of the consumers, along with the rising demand for the Internet of Things (IoT) and cloud computing-enabled industrial vending machines, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vending machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology, payment mode and application.

Breakup by Type:

Food Vending Machine
Beverages Vending Machine
Tobacco Vending Machine
Others

Breakup by Technology:

Automatic Machine
Semi-Automatic Machine
Smart Machine

Breakup by Payment Mode:

Cash
Cashless

Breakup by Application:

Hotels and Restaurants
Corporate Offices
Public Places
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Azkoyen Group, Bianchi Industry S.p.A., Cantaloupe Inc., Crane Co., Fuji Electric Co. Ltd., Glory Ltd., Jofemar Corporation, Orasesta Spa, Royal Vendors Inc., Sanden Holdings Corporation, Seaga Manufacturing Inc., Selecta AG and Westomatic Vending Services Ltd.

Key Questions Answered in This Report
1. What was the size of the global vending machine market in 2022?
2. What is the expected growth rate of the global vending machine market during 2023-2028?
3. What are the key factors driving the global vending machine market?
4. What has been the impact of COVID-19 on the global vending machine market?
5. What is the breakup of the global vending machine market based on the type?
6. What is the breakup of the global vending machine market based on the technology?
7. What is the breakup of the global vending machine market based on the payment mode?
8. What is the breakup of the global vending machine market based on the application?
9. What are the key regions in the global vending machine market?
10. Who are the key players/companies in the global vending machine market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL VENDING MACHINE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Food Vending Machine
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Beverages Vending Machine
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Tobacco Vending Machine
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Automatic Machine
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Semi-Automatic Machine
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Smart Machine
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY PAYMENT MODE

8.1 Cash
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cashless
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Hotels and Restaurants
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Corporate Offices
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Public Places
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Azkoyen Group
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Bianchi Industry S.p.A.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Cantaloupe Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Crane Co.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Fuji Electric Co. Ltd.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Glory Ltd.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
  15.3.7 Jofemar Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Orasesta Spa
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Royal Vendors Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Sanden Holdings Corporation
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
  15.3.11 Seaga Manufacturing Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Selecta AG
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
  15.3.13 Westomatic Vending Services Ltd.
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Vending Machine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vending Machine Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Vending Machine Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Vending Machine Market Forecast: Breakup by Payment Mode (in Million US$), 2023-2028
Table 5: Global: Vending Machine Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Vending Machine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Vending Machine Market: Competitive Structure
Table 8: Global: Vending Machine Market: Key Players

LIST OF FIGURES

Figure 1: Global: Vending Machine Market: Major Drivers and Challenges
Figure 2: Global: Vending Machine Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vending Machine Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Vending Machine Market: Breakup by Type (in %), 2022
Figure 5: Global: Vending Machine Market: Breakup by Technology (in %), 2022
Figure 6: Global: Vending Machine Market: Breakup by Payment Mode (in %), 2022
Figure 7: Global: Vending Machine Market: Breakup by Application (in %), 2022
Figure 8: Global: Vending Machine Market: Breakup by Region (in %), 2022
Figure 9: Global: Vending Machine (Food Vending Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Vending Machine (Food Vending Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Vending Machine (Beverages Vending Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Vending Machine (Beverages Vending Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Vending Machine (Tobacco Vending Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Vending Machine (Tobacco Vending Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Vending Machine (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Vending Machine (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Vending Machine (Automatic Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Vending Machine (Automatic Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Vending Machine (Semi-Automatic Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Vending Machine (Semi-Automatic Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Vending Machine (Smart Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Vending Machine (Smart Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Vending Machine (Cash) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Vending Machine (Cash) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Vending Machine (Cashless) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Vending Machine (Cashless) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Vending Machine (Hotels and Restaurants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Vending Machine (Hotels and Restaurants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Vending Machine (Corporate Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Vending Machine (Corporate Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Vending Machine (Public Places) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Vending Machine (Public Places) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Vending Machine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Vending Machine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Vending Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Vending Machine Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Vending Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Vending Machine Industry: SWOT Analysis
Figure 85: Global: Vending Machine Industry: Value Chain Analysis
Figure 86: Global: Vending Machine Industry: Porter's Five Forces Analysis


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