Dublin, May 17, 2021 (GLOBE NEWSWIRE) -- The "Vending Machine Market by Type, Application, Technology and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
A vending machine is used to dispense the items that are stored inside it, such as packaged food, beverages, and tobacco products, in exchange with inserted coins or tokens. Dispensing is an automated process, which requires no manpower and saves precious time of humans. These machines are normally seen in fast-moving cities due to fast-paced life. Vending machine not only dispenses items but also engages shoppers with the help of touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment. Furthermore, these products have multiple applications in hotels & restaurants, corporate offices, public places, and others.
Increase in demand for food vending machines in offices/institutions, rise in consumption of convenience food items, and the adoption of smart customer service technologies in several food categories are the driving factors for the growth of the market. The global vending machine market was valued at $18.28 billion in 2019 and is anticipated to reach $25.25 billion by 2027, with a CAGR of 6.7% during the forecast period.
The demand for machines has increased during the past few years and with the introduction of cashless payment systems, smart technology solutions are gaining momentum on a large scale across the globe. Moreover, increasing urbanization and rising disposable income have fuelled the growth of the vending machine market. Governments of various regions restricted the use of food & beverages vending machines in many places, such as schools and colleges, thereby limiting the demand for these machines. In addition, high initial installation cost of vending machine restraints the growth of the global market.
Increasing popularity of vending machines in developed and developing economies and convenience offered to the consumers are the factors augmenting the demand for vending machines. Changing buying habits of customers and demand for a more convenient method for buying food & beverages further propel the growth of the market. Moreover, rising need to expand virtual space in a retail outlet is driving the growth of the vending machine market globally.
The vending machine market is segmented on the basis of type, application, technology, sales channel, and region. By type, it is categorized into food vending machine, beverages vending machine, tobacco vending machine, and others. By application, it is segmented into hotels & restaurants, corporate offices, public places, and others. By technology, it is divided into automatic machine, semi-automatic machine, and smart machine. By sales channel, it is bifurcated into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, the UAE, Saudi Arabia, Turkey, and Rest of LAMEA).
The key players profiled in this report include Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co., Ltd, Fastcorp Vending LLC, Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation., Selecta TMP AG, and Bianchi Industry.
Key Benefits
- The study provides an in-depth analysis of the global vending machine market, with current and future trends to explain the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
- Porter's five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of buyers, and bargaining power of suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices followed by the leading market players across various regions.
Key Topics Covered:
Chapter 1: Introduction
1.1. Key Benefits for Stakeholders
1.2. Key Market Segments
1.3. Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Industry Pain Point Analysis
3.5. Top Players Positioning
3.6. Value Chain Analysis
3.7. Porter's Five Forces Analysis
3.7.1. Moderate Bargaining Power of Suppliers
3.7.2. Moderate Bargaining Power of Buyers
3.7.3. Moderate Threat of Substitution
3.7.4. Moderate Threat of New Entrants
3.7.5. Moderate Intensity of Competitive Rivalry
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Increasing Demand for Food Products due to Hectic Lifestyle of Consumers
3.8.1.2. Growing Adoption of Vending Machines to Enhance the Consumer Shopping Experience
3.8.2. Restraint
3.8.2.1. Prohibition of the Sale of Tobacco Products in Several Regions
3.8.3. Opportunities
3.8.3.1. Growing Demand for Vending Machines from the Retail Industry Will Offer Immense Growth Opportunities
3.8.3.2. Technological Advancement in Vending Machine
3.9. Market Share Analysis
3.9.1. by Type
3.9.2. by Application
3.9.3. by Technology
3.9.4. by Sales Channel
3.9.5. by Region
3.10. Pricing Analysis
3.11. Impact of COVID-19 on the Vending Machine Market
Chapter 4: Vending Machine Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast, by Type
4.2. Food Vending Machine
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.3. Beverages Vending Machine
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.4. Tobacco Vending Machine
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.5. Others Vending Machine
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
Chapter 5: Vending Machine Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast, by Application
5.2. Hotels & Restaurants
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.3. Corporate Offices
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.4. Public Places
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.5. Others
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
Chapter 6: Vending Machine Market, by Technology
6.1. Overview
6.1.1. Market Size and Forecast, by Technology
6.2. Automatic Machine
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.3. Semi-Automatic Machine
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.4. Smart Machine
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
Chapter 7: Vending Machine Market, by Sales Channel
7.1. Overview
7.1.1. Market Size and Forecast, by Sales Channel
7.2. Online
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.3. Offline
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
Chapter 8: Vending Machine Market, by Region
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA
Chapter 9: Competition Landscape
9.1. Top Winning Strategies
9.2. Product Mapping
9.3. Competitive Dashboard
9.4. Competitive Heat Map
9.5. Key Developments
9.5.1. Acquisition
9.5.2. Agreement
9.5.3. Product Launch
Chapter 10: Company Profiles
10.1. Azkoyen Group.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Key Strategic Moves and Developments
10.2. Bianchi Industry Spa
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.3. Crane Company.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.4. Fastcorp Vending LLC.
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Product Portfolio
10.5. Fuji Electric Co., Ltd.
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. R&D Expenditure
10.5.7. Business Performance
10.5.8. Key Strategic Moves and Developments
10.6. Jofemar Corporation.
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.7. Royal Vendors, Inc.
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.8. Sandenvendo America, Inc.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Product Portfolio
10.8.5. Key Strategic Moves and Developments
10.9. Seaga Manufacturing, Inc.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Product Portfolio
10.10. Selecta Group B. V.
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Product Portfolio
10.10.5. Business Performance
10.10.6. Key Strategic Moves and Developments
For more information about this report visit https://www.researchandmarkets.com/r/hd5hku