The future of the global vending machine market looks promising with opportunities in the hotel and restaurant, corporate office, and public place markets. The global vending machine market is expected to reach an estimated $28.6 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are surge in the popularity of food vending machine within office and institutional settings, rise in the consumption of convenient food products, and the integration of intelligent customer service technologies across various food sectors.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the vending machine market by
technology (automatic machine, semi-automatic machine, and smart machine), type
(food vending machine, beverages vending machine, tobacco vending machine, and
others), application (hotels and restaurants, corporate offices, public places,
and others), 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?
Market Segmentation:
In this market, food
vending machine, beverages vending machine, and tobacco vending machine are the
major segments of vending machine market by type. Lucintel forecasts that
beverages vending machine will remain the largest segment over the forcast
period because it provides an array of choices, suiting a variety of tastes and
meeting the needs of different beverage categories. Within this market, hotels
and restaurants will remain the largest segment over the forcast period because
its self-service model aligns seamlessly with the dynamic nature of the
hospitality sector, as well as, the hotels and restaurants can leverage the
flexibility of vending machine to their advantages.
North America will remain the largest region over the forcast period due to robust and firmly established vending machine network, along with widespread vending machine network guarantees effortless access and convenience for consumers.
Azkoyen, Bianchi
Industry, Cantaloupe, Crane, Fuji Electric, Glory, Jofemar, Orasesta Spa, Royal
Vendors, and Sanden Holdings are the major suppliers in the vending machine
market.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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