Global smart vending machine market likely to grow due to the rising demand for the self-service technology and increasing adoption of reverse vending machine across the developing nations
The global smart vending machine market size was valued at USD 12.30 billion in 2017 and is expected to register a CAGR of over 16.7% from 2020 to 2027. The primary factors are the surge in adoption of vending machines that allow customers to purchase products through smartphone applications. Additionally, the growing utilization of the smart vending machine to make it easier to interact with both the customer and the customer's smartphone to detect and respond to individual viewers will accelerate the growth of the global smart vending machine market. These machines provide a dynamically visual experience with high-definition displays running rich graphics and interactive promotions. Moreover, the growing usage of smart vending machines in various fields such as retail, public transport, entertainment and hospitality, and in the medical sector to enhance the travel experience for commuters are projected to augment the growth of the global smart vending machine industry.
Furthermore, the technological advancements in vending machines can now deliver custom-made food items, salads, etc. apart from hot and cold beverages and these machines are most utilized sales channels at places like airports and train and bus stations. Also, the increasing usages of the smart vending machine for various products such as hot beverages, cigarettes, cold drinks, etc., at offices & businesses, transport & leisure facilities, healthcare, education & public facilities, and hotels, restaurants, and bars will accelerate the global smart vending machine industry.
Product Type Overview in the Global Smart vending machine Market
Based on product type, the global smart vending machine market segregated into food, beverages, Tabaco, snacks, medicine, fresh fruit & vegetable, and others. The food segment likely to lead the smart vending machine market by 2027, owing to the surge in adoption of high adoption of the smart vending machine in retail & restaurant outlets to serve fresh food and enable fast food for eatable.
Application Overview in the Global Smart vending machine market
Based on application, the global smart vending machine market categorized into Retail sites, Public transport hubs, Offices/Institutions, and Others. The Offices/Institutions segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to the surge in the adoption of usages of the smart vending machine to provide fresh food, user-friendly, healthy, and nutritious foods to their working employee and commuters.
Payment Mode Overview in the Global Smart vending machine Market
Based on payment mode, the global smart vending machine market bifurcated into Cash and Cashless. The cashless segment projected to lead the market by 2027. It is due to the growing demand for cashless payment options along with the real-time capability of the machine to enable faster online payment mode.
Regional Overview in the Global Smart vending machine Market
By geography, the Global Smart vending machine Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the growth of commercial and corporate sectors along with the rapid adoption of smart vending machines across several application areas in these regions.
Global Smart vending machine Market: Competitive Landscape
Companies such as Azkoyen Vending Systems, American Vending Machines, Bulk Vending Systems, Automated Merchandising Systems, Evoka Group, Bianchi Industry SpA, Crane Merchandising Systems, Continental Vending, Inc., Sanden Holdings Corporation, and Fuji Electric Co., Ltd. are the key players in the global smart vending machine market.
Global Smart Vending Machine Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 5. Global Smart Vending Machine Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Product Type 5.2.1.1. Food 5.2.1.2. Beverages 5.2.1.3. Tabaco 5.2.1.4. Snacks 5.2.1.5. Medicine 5.2.1.6. Fresh fruit & Vegetable 5.2.1.7. Others 5.2.2. By Vehicle Class 5.2.2.1. Retail sites 5.2.2.2. Public transport hubs 5.2.2.3. Offices/Institutions 5.2.2.4. Others 5.2.3. By Deployment Mode 5.2.3.1. Cash 5.2.3.2. Cashless 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Smart Vending Machine Market Overview 6.1. North America Smart Vending Machine Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Smart Vending Machine Market Share & Forecast, 2016-2027 6.2.1. By Product Type 6.2.1.1. Food 6.2.1.2. Beverages 6.2.1.3. Tabaco 6.2.1.4. Snacks 6.2.1.5. Medicine 6.2.1.6. Fresh fruit & Vegetable 6.2.1.7. Others 6.2.2. By Vehicle Class 6.2.2.1. Retail sites 6.2.2.2. Public transport hubs 6.2.2.3. Offices/Institutions 6.2.2.4. Others 6.2.3. By Deployment Mode 6.2.3.1. Cash 6.2.3.2. Cashless 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Price-Point Analysis 6.2.6. Manufacturer & Distributor List (Top 5) 6.2.7. Company Market Share (Top 3-5) 6.2.8. Economic Impact Study on North America Smart Vending Machine Market 7. Europe Smart Vending Machine Market Overview 7.1. Europe Smart Vending Machine Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Smart Vending Machine Market Share & Forecast, 2016-2027 7.2.1. By Product Type 7.2.1.1. Food 7.2.1.2. Beverages 7.2.1.3. Tabaco 7.2.1.4. Snacks 7.2.1.5. Medicine 7.2.1.6. Fresh fruit & Vegetable 7.2.1.7. Others 7.2.2. By Vehicle Class 7.2.2.1. Retail sites 7.2.2.2. Public transport hubs 7.2.2.3. Offices/Institutions 7.2.2.4. Others 7.2.3. By Deployment Mode 7.2.3.1. Cash 7.2.3.2. Cashless 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Price-Point Analysis 7.2.6. Manufacturer & Distributor List (Top 5) 7.2.7. Company Market Share (Top 3-5) 7.2.8. Economic Impact Study on Europe Smart Vending Machine Market 8. Asia Pacific Smart Vending Machine Market Overview 8.1. Asia Pacific Smart Vending Machine Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Smart Vending Machine Market Share & Forecast, 2016-2027 8.2.1. By Product Type 8.2.1.1. Food 8.2.1.2. Beverages 8.2.1.3. Tabaco 8.2.1.4. Snacks 8.2.1.5. Medicine 8.2.1.6. Fresh fruit & Vegetable 8.2.1.7. Others 8.2.2. By Vehicle Class 8.2.2.1. Retail sites 8.2.2.2. Public transport hubs 8.2.2.3. Offices/Institutions 8.2.2.4. Others 8.2.3. By Deployment Mode 8.2.3.1. Cash 8.2.3.2. Cashless 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Price-Point Analysis 8.2.6. Manufacturer & Distributor List (Top 5) 8.2.7. Company Market Share (Top 3-5) 8.2.8. Economic Impact Study on Asia Pacific Smart Vending Machine Market 9. South America Smart Vending Machine Market Overview 9.1. South America Smart Vending Machine Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.1.2. Consumption 9.2. South America Smart Vending Machine Market Share & Forecast, 2016-2027 9.2.1. By Product Type 9.2.1.1. Food 9.2.1.2. Beverages 9.2.1.3. Tabaco 9.2.1.4. Snacks 9.2.1.5. Medicine 9.2.1.6. Fresh fruit & Vegetable 9.2.1.7. Others 9.2.2. By Vehicle Class 9.2.2.1. Retail sites 9.2.2.2. Public transport hubs 9.2.2.3. Offices/Institutions 9.2.2.4. Others 9.2.3. By Deployment Mode 9.2.3.1. Cash 9.2.3.2. Cashless 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Price-Point Analysis 9.2.6. Manufacturer & Distributor List (Top 5) 9.2.7. Company Market Share (Top 3-5) 9.2.8. Economic Impact Study on South America Smart Vending Machine Market 10. Middle East & Africa Smart Vending Machine Market Overview 10.1. Middle East & Africa Smart Vending Machine Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Smart Vending Machine Market Share & Forecast, 2016-2027 10.2.1. By Product Type 10.2.1.1. Food 10.2.1.2. Beverages 10.2.1.3. Tabaco 10.2.1.4. Snacks 10.2.1.5. Medicine 10.2.1.6. Fresh fruit & Vegetable 10.2.1.7. Others 10.2.2. By Vehicle Class 10.2.2.1. Retail sites 10.2.2.2. Public transport hubs 10.2.2.3. Offices/Institutions 10.2.2.4. Others 10.2.3. By Deployment Mode 10.2.3.1. Cash 10.2.3.2. Cashless 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Price-Point Analysis 10.2.6. Manufacturer & Distributor List (Top 5) 10.2.7. Company Market Share (Top 3-5) 10.2.8. Economic Impact Study on Middle East & Africa Smart Vending Machine Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Azkoyen Vending Systems 11.7.2. American Vending Machines 11.7.3. Bulk Vending Systems 11.7.4. Automated Merchandising Systems 11.7.5. Evoka Group 11.7.6. Bianchi Industry SpA 11.7.7. Crane Merchandising Systems 11.7.8. Continental Vending, Inc. 11.7.9. Sanden Holdings Corporation 11.7.10. Fuji Electric Co., Ltd. 11.7.11. Others Prominent Players
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