Intelligent Vending Machine Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Intelligent Vending Machine market size was valued at USD 20,908.3 million in 2022, expanding at a CAGR of 15.1% from 2023-2030 to reach 32,077.8 Million USD in 2030.
Market Dynamics
The market for intelligent vending machines is anticipated to develop during the estimated period due to the increasing adoption of IoT (Internet of Things) and linked device technologies. The market is growing as consumers use contactless and cashless payments more frequently to buy food and beverages. Over the forecast period, the market for intelligent vending machines is anticipated to benefit from the latest technologies, including contactless mobile payments, face and voice recognition, Near-field communication (NFC), telemetry, and government mandates to display nutrition information and product warnings.
Face and voice recognition sensors are integrated into intelligent vending machines, which help users choose products by making suggestions based on their age and past purchasing behavior. Additionally, interactive touchscreen display technology enables businesses to engage with customers' cellphones to display HD screens that are running interactive promos, marketing adverts, and other outside data that may be made money from. Additionally, to lower operational and maintenance expenses, machines can now communicate with vending operators by broadcasting real-time notifications via cloud technology. Machines can convey information like product unavailability, dynamic route optimization, and improved logistics efficiency thanks to the Internet of Things (IoT) technology.
Regional Insights
The Asia Pacific regional market is predicted to witness lucrative growth and is anticipated to become the area with the quickest growth. Within the next five years, the region will likely surpass major European countries as a key business center. A few of the variables influencing the market growth are increased spending power, adoption of cutting-edge communication technologies, and businesses functioning from offices following the pandemic.
Segment Dynamics
The Intelligent Vending Machine market is fragmented into product and application segments. Based on the product, the food segment is anticipated to dominate the market. By application, the commercial malls and retail segment is projected to grow at the highest Compounded annual growth rate during the forecast period.
Competitive Insights
The Intelligent Vending Machine market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For instance, Sodexo, a French company, in January 2022 purchased Accent Food, a rapidly expanding regional convenience services company. Sodexo hopes to improve its takeaway, delivery, and convenience store concepts through this acquisition. It also hopes to expand its multi-channel solutions, which already include click-and-collect, self-service pantries, office refreshments, micro-markets, and smart vending machines.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Intelligent Vending Machines by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Crane Co.
- Advantech Co. Ltd.
- Azkoyen Group
- FAS International S.p.A.
- Bianchi Vending Group S.p.A
- Rhea Vendors Group
- N&W Global Vending S.p.A.
- Westomatic Vending Services Ltd.
- Seaga
- Jofemar
- Sanden Corp.
- Royal Vendors
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Beverages
- Snacks
- Food
- Confections
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Manufacturing
- Commercial Malls & Retail Stores
- Offices
- Educational Institutes
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Intelligent Vending Machine Market Overview
1.1. Product Overview and Scope of Intelligent Vending Machine
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Intelligent Vending Machine Market Size Growth Rate Analysis by Product, 2022 VS 2030
1.3.1. Beverages
1.3.2. Snacks
1.3.3. Food
1.3.4. Confections
1.3.5. Others
1.4. Global Intelligent Vending Machine Consumption Comparison by Application: 2022 VS 2030
1.4.1. Manufacturing
1.4.2. Commercial Malls & Retail Stores
1.4.3. Offices
1.4.4. Educational Institutes
1.5. Global Intelligent Vending Machine Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.5.1. North America Intelligent Vending Machine Estimates
1.5.2. Europe Intelligent Vending Machine Estimates
1.5.3. China Intelligent Vending Machine Estimates
1.5.4. Japan Intelligent Vending Machine Estimates
2. Market Competition by Manufacturers
2.1. Global Intelligent Vending Machine Revenue Market Share by Manufacturers (2020)
2.2. Intelligent Vending Machine Market Share by Company Product (Tier 1, Tier 2 and Tier 3)
2.3. Global Intelligent Vending Machine Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Intelligent Vending Machine Production Sites, Area Served, Product Types
2.5. Intelligent Vending Machine Market Competitive Situation and Trends
2.5.1. Intelligent Vending Machine Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Intelligent Vending Machine Consumption by Region (2018-2022)
3.1. Global Intelligent Vending Machine Consumption by Region
3.2. Global Intelligent Vending Machine Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Intelligent Vending Machine Consumption Growth Rate (2018-2022)
3.2.3. North America Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Intelligent Vending Machine Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Intelligent Vending Machine Consumption Growth Rate (2018-2022)
3.2.7. Europe Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Intelligent Vending Machine Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Intelligent Vending Machine Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Intelligent Vending Machine Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Intelligent Vending Machine Consumption Growth Rate (2018-2022)
3.2.15. South America Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Intelligent Vending Machine Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Intelligent Vending Machine Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Intelligent Vending Machine Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Intelligent Vending Machine Consumption by Product (2018-2022)
4.1. Global Intelligent Vending Machine Price by Product (2018-2022)
4.2. Global Intelligent Vending Machine Revenue Market Share by Product (2018-2022)
4.2.1. Beverages
4.2.2. Snacks
4.2.3. Food
4.2.4. Confections
4.2.5. Others
5. Global Intelligent Vending Machine Consumption by Application (2018-2022)
5.1. Global Intelligent Vending Machine Price by Application (2018-2022)
5.2. Global Intelligent Vending Machine Revenue Market Share by Application (2018-2022)
5.2.1. Manufacturing
5.2.2. Commercial Malls & Retail Stores
5.2.3. Offices
5.2.4. Educational Institutes
6. Key Companies Profiled
6.1. Crane Co.
6.1.1. Crane Co. Intelligent Vending Machine Corporation Information
6.1.2. Crane Co. Intelligent Vending Machine Product Portfolio
6.1.3. Crane Co. Intelligent Vending Machine Consumption, Price and Gross Margin (2018-2022)
6.1.4. Crane Co. Main Business and Markets Served
6.1.5. Crane Co. Recent Developments/Updates
6.2. Advantech Co. Ltd.
6.3. Azkoyen Group
6.4. FAS International S.p.A.
6.5. Bianchi Vending Group S.p.A
6.6. Rhea Vendors Group
6.7. N&W Global Vending S.p.A.
6.8. Westomatic Vending Services Ltd.
6.9. Seaga
6.10. Jofemar
6.11. Sanden Corp.
6.12. Royal Vendors
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Intelligent Vending Machine Distributors List
7.3. Intelligent Vending Machine Customers
8. Market Dynamics
8.1. Intelligent Vending Machine Industry Trends
8.2. Intelligent Vending Machine Growth Drivers
8.3. Intelligent Vending Machine Market Challenges
8.4. Intelligent Vending Machine Market Restraints
9. Global Intelligent Vending Machine Consumption and Demand Forecast, by Region (2023-2030)
9.1. Global Forecasted Demand Analysis of Intelligent Vending Machine, by Regions and Country
9.1.1. North America Forecasted Consumption of Intelligent Vending Machine by Country
9.1.2. Europe Market Forecasted Consumption of Intelligent Vending Machine by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Intelligent Vending Machine by Region
9.1.4. Latin America Forecasted Consumption of Intelligent Vending Machine by Country
9.1.5. Middle East and Africa Forecasted Consumption of Intelligent Vending Machine by Country
10. Global Intelligent Vending Machine Consumption and Demand Forecast, by Product Segments (2023-2030)
10.1. Global Forecasted Consumption of Intelligent Vending Machine by Product Segments (2023-2030)
10.2. Global Consumption and Price Forecast by Product Segments (2023-2030)
10.3. Global Forecasted Growth Rate of Intelligent Vending Machine by Product Segments (2023-2030)
11. Global Intelligent Vending Machine Consumption and Demand Forecast, by Application Segments (2023-2030)
11.1. Global Forecasted Consumption of Intelligent Vending Machine by Application Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Intelligent Vending Machine by Application Segments (2023-2030)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Product
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
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- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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