Vending Machine Market size to grow by USD 12,426.7 million between 2022 and 2027; Azkoyen SA, and Bianchi Industry Spa, among others, identified as key vendors

NEW YORK, May 31, 2023 /PRNewswire/ -- The vending machine market size is set to grow by USD 12426.7 million from 2022 to 2027. However, the growth momentum will be progressing at a CAGR of 16.81% during the forecast period, according to Technavio. The vending machine market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.

Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH and Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA are some of the major market participants. Key vendors and their offerings have been covered in this report. Request a sample report

Vending Machine Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The vending machine market report covers the following areas:

Vending Machine Market Size

Vending Machine Market Trends

Vending Machine Market Industry Analysis

Porter's Five Forces Analysis

Customer Landscape

Market Drivers

Growing demand for cashless vending machines

Growing demand for intelligent vending machines from retail industry

Increasing popularity of vending machines

Market Trends

Tie-ups between retailers and manufacturers

Real-time data collection capabilities of intelligent vending machines

Rising customization in vending machines

Market Challenges

High initial investments and maintenance costs for vending machines

Rise in thefts and vandalism in vending machines

Lack of knowledge about vending machine operation among customers

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Vending Machine Market 2023-2027: Segment Analysis

Product

Distribution Channel

Geography

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Vending Machine Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will assist vending machine market growth during the next five years

Estimation of the vending machine market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the vending machine market across North America, Europe, APAC, South America, and the Middle East and Africa

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of vending machine market vendors

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Vending Machine Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 16.81%

Market growth 2023-2027

USD 12426.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.69

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global vending machine market 2017 - 2021

4.2 Product Segment Analysis 2017 - 2021

4.3 Distribution channel Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 Low end vending machines - Market size and forecast 2022-2027

6.4 Intelligent vending machines - Market size and forecast 2022-2027

6.5 Market opportunity by Product

7 Market Segmentation by Distribution Channel

7.1 Market segments

7.2 Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027

7.4 Online - Market size and forecast 2022-2027

7.5 Market opportunity by Distribution Channel

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 Japan - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 China - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Azkoyen SA

12.4 Bianchi Industry Spa

12.5 BULK VENDING SYSTEMS Ltd.

12.6 Compass Group Plc

12.7 Continental Vending Inc.

12.8 Crane Payment Innovations Inc.

12.9 Ellab AS

12.10 Federal Machine

12.11 Furukawa Electric Co. Ltd.

12.12 Future Techniks India Pvt. Ltd.

12.13 Glory Ltd.

12.14 Orasesta Spa

12.15 Royal Vendors Inc.

12.16 Sanden Corp.

12.17 Westomatic Vending Services Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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Vending Machine Market size to grow by USD 12,426.7 million between 2022 and 2027; Azkoyen SA, and Bianchi Industry Spa, among others, identified as key vendors