The global vending machine market is anticipated to register a CAGR of close to 9% during the forecast period. A vending machine is used to dispense the items that are stored inside it such as packaged food, beverages, tobacco products among others in exchange with inserted coins or tokens. The key factor for the growth of global vending machine market includes increasing demand for on-the-go snacks, drinks, etc. due to hectic lifestyle of consumers nowadays. Moreover, other factors expected to drive the market growth over the coming years are the ability of vending machines to quickly deliver the goods, making it convenient for the consumers coupled with flexibility, in terms of location and time as the machines are operated 24/7 without any manual intervention. However, the one major factor that might act as a major impediment to the market during the forecast years is the regulations regarding the sale of junk food and tobacco products.
The global vending machine market is segmented based on
Major players operating in the global vending machine market include American Vending Machines, Automated Merchandising Systems, Azkoyen Vending Systems, Bianchi Industry SpA, Bulk Vending Systems, Continental Vending, Evoka Group, Crane Merchandising Systems Inc, Fuji Electric Co., Ltd, Sanden Holdings Corporation and others.
Objective of the Study
- To analyse and forecast the market size of global vending machine market.
- To classify and forecast global vending machine market based on product, application, company and regional distribution.
- To identify drivers and challenges for global vending machine market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global vending machine market.
- To conduct pricing analysis for global vending machine market.
- To identify and analyse the profile of leading players operating in global vending machine market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Vending machine manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to vending machine
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
