According to a new market report published by
Lucintel, the future of the global intelligent vending machine market looks promising
with opportunities in the office, community buildings, retail stores, and
restaurants. The global intelligent vending machine (IVM) market is expected to
reach an estimated $26.8 billion by 2024 with a CAGR of 28.2% from 2019 to 2024.
The major drivers for this market are increasing adoption of vending machine to
enhance customer shopping experience and growing demand for advance vending
machine with inventory & transaction management and digital advertising features.
Intelligent vending machine is used for dispensing
beverages, candy/snack, and food to customers with cashless payment and other
features. On the basis of its comprehensive research, Lucintel forecasts that
the beverages will remain the largest segment due to increasing demand for
various beverages such as cold drinks, alcohol, juices and energy drinks.
Lucintel predicts that food is expected to witness the highest growth over the
forecast period due to increasing demand for easily accessible and ready to eat
food products.
Within the global intelligent vending machine
market, offices will remain the largest end use due to increasing installation
of IVM for employee refreshment. Retail store is expected to witness highest
growth over the forecast period due to increasing demand of intelligent vending
machine for fast and easy operations within the retail stores.
North America will remain the largest region
due to increasing adoption of self service technology and emergence of new
business models. APAC is expected to
witness highest growth over the forecast period as these machines are becoming
a major distribution channels for fast moving consumer goods.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing usage of advanced
technologies, such as smartphone interaction with facial, gesture, and voice
control system and usage of data analytics for enhanced customer experience. Fuji
Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal
Vendors are the major intelligent vending machine manufacturers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global intelligent vending machine market by application, by end use, by
height, and region. Lucintel has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Intelligent Vending Machine Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves
as a catalyst for growth strategy, as it provides comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
for the global intelligent vending machine market by application, by end-use,
by height, and region, as follows:
By Application [$M and units in thousands shipment
analysis for 2013 – 2024]:
- Beverages
- Candy/Snack
- Food
- Others
By End Use [$M and units in thousands shipment
analysis for 2013 – 2024]:
- Offices
- Community Buildings
- Restaurants
- Retail Stores
- Others
By Height [$M and units in thousands shipment
analysis for 2013 – 2024]:
- 65-75 Inches
- 25-35 Inches
By Region [$M and units in thousands shipment analysis
for 2013 – 2024]:
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Russia
o
United Kingdom
o
Italy
- Asia Pacific
o
China
o
Japan
- The Rest of the World
o
Brazil
o
Turkey
This
200-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation, Transportation
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1 What
are some of the most promising, high-growth opportunities for the intelligent
vending machine market by application (beverages, candy/snack, food, and others),
by end-use (office, community buildings, restaurants, retail stores, and others),
by height (65-75 Inches, and 25-35 Inches) and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
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