The market is fragmented and is characterized by the presence of well-established players that design and produce vending machines for customers. These players are continuously working on developing innovative products to meet changing consumer demands and increase their customer base. Prominent vendors are increasing their focus on the development of intelligent vending machines.
The growing demand for cashless vending machines has been instrumental in driving the growth of the market. However, high initial investments and maintenance costs for vending machines might hamper the market growth. Market vendors have to leverage the existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., and Westomatic Vending Services Ltd. are identified as some of the major market participants.
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Vending Machine Market 2021-2025: Segmentation
- Product
-
- Low-End Vending Machines
- Intelligent Vending Machines
The low-end vending machines segment accounts for the largest market share. The rise in the number of retail outlets coupled with increasing overall household disposable incomes are driving the growth of the segment. Also, the affordability of low-end vending machines is contributing to the growth of the segment.
- Geographic
-
- North America
- Europe
- APAC
- South America
- MEA
About 38% of the global market growth will originate in North America. The region is witnessing rapid growth in the demand for vending machines from retailers and part-time and home-based businesses. Also, the increasing popularity of vending machines among several new end-user groups such as apartments and recreation and amusement centers is contributing to the growth of the vending machine market in North America.
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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The vending machine market report covers the following areas:
Vending Machine Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist vending machine market growth during the next five years
- Estimation of the vending machine market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the vending machine market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vending machine market vendors
Related Reports:
|
Vending Machine Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 16% |
|
Market growth 2021-2025 |
USD 9.33 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
11.19 |
|
Regional analysis |
North America, Europe, APAC, South America, and MEA |
|
Performing market contribution |
North America at 38% |
|
Key consumer countries |
US, Japan, Germany, UK, and China |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., and Westomatic Vending Services Ltd. |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
-
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
-
- Exhibit 03: Value Chain Analysis: Electronic Equipment and Instruments
3 Market Sizing
- 3.1 Market definition
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- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
-
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 – 2025
-
- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five Forces Summary
-
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
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- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
-
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
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- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
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- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
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- Exhibit 13: Threat of rivalry
- 4.7 Market condition
-
- Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
-
- Exhibit 15: Product – Market share 2020-2025 (%)
- 5.2 Comparison by Product
-
- Exhibit 16: Comparison by Product
- 5.3 Low end vending machines – Market size and forecast 2020-2025
-
- Exhibit 17: Low end vending machines – Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Low end vending machines – Year-over-year growth 2020-2025 (%)
- 5.4 Intelligent vending machines – Market size and forecast 2020-2025
-
- Exhibit 19: Intelligent vending machines – Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Intelligent vending machines – Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Product
-
- Exhibit 21: Market opportunity by Product
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
-
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
-
- Exhibit 24: Geographic comparison
- 7.3 North America – Market size and forecast 2020-2025
-
- Exhibit 25: North America – Market size and forecast 2020-2025 ($ billion)
- Exhibit 26: North America – Year-over-year growth 2020-2025 (%)
- 7.4 Europe – Market size and forecast 2020-2025
-
- Exhibit 27: Europe – Market size and forecast 2020-2025 ($ billion)
- Exhibit 28: Europe – Year-over-year growth 2020-2025 (%)
- 7.5 APAC – Market size and forecast 2020-2025
-
- Exhibit 29: APAC – Market size and forecast 2020-2025 ($ billion)
- Exhibit 30: APAC – Year-over-year growth 2020-2025 (%)
- 7.6 South America – Market size and forecast 2020-2025
-
- Exhibit 31: South America – Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: South America – Year-over-year growth 2020-2025 (%)
- 7.7 MEA – Market size and forecast 2020-2025
-
- Exhibit 33: MEA – Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: MEA – Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
-
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
-
- Exhibit 36: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
-
- Exhibit 37: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
-
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
-
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
-
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
-
- Exhibit 42: Market positioning of vendors
- 10.3 Azkoyen SA
- 10.4 Compass Group Plc
-
- Exhibit 48: Compass Group Plc – Overview
- Exhibit 49: Compass Group Plc – Business segments
- Exhibit 50: Compass Group Plc – Key offerings
- Exhibit 51: Compass Group Plc – Segment focus
- 10.5 Crane Co.
-
- Exhibit 52: Crane Co. – Overview
- Exhibit 53: Crane Co. – Business segments
- Exhibit 54: Crane Co. – Key offerings
- Exhibit 55: Crane Co. – Segment focus
- 10.6 FAS International Srl
-
- Exhibit 56: FAS International Srl – Overview
- Exhibit 57: FAS International Srl – Product and service
- Exhibit 58: FAS International Srl – Key offerings
- 10.7 Fuji Electric Co. Ltd.
-
- Exhibit 59: Fuji Electric Co. Ltd. – Overview
- Exhibit 60: Fuji Electric Co. Ltd. – Business segments
- Exhibit 61: Fuji Electric Co. Ltd. – Key news
- Exhibit 62: Fuji Electric Co. Ltd. – Key offerings
- Exhibit 63: Fuji Electric Co. Ltd. – Segment focus
- 10.8 GLORY Ltd.
-
- Exhibit 64: GLORY Ltd. – Overview
- Exhibit 65: GLORY Ltd. – Business segments
- Exhibit 66: GLORY Ltd. – Key offerings
- Exhibit 67: GLORY Ltd. – Segment focus
- 10.9 Orasesta Spa
-
- Exhibit 68: Orasesta Spa – Overview
- Exhibit 69: Orasesta Spa – Product and service
- Exhibit 70: Orasesta Spa – Key offerings
- 10.10 Royal Vendors Inc.
-
- Exhibit 71: Royal Vendors Inc. – Overview
- Exhibit 72: Royal Vendors Inc. – Product and service
- Exhibit 73: Royal Vendors Inc. – Key offerings
- 10.11 Sanden Retail System Co. Ltd.
-
- Exhibit 74: Sanden Retail System Co. Ltd. – Overview
- Exhibit 75: Sanden Retail System Co. Ltd. – Product and service
- Exhibit 76: Sanden Retail System Co. Ltd. – Key offerings
- 10.12 Westomatic Vending Services Ltd.
-
- Exhibit 77: Westomatic Vending Services Ltd. – Overview
- Exhibit 78: Westomatic Vending Services Ltd. – Product and service
- Exhibit 79: Westomatic Vending Services Ltd. – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
-
- Exhibit 80: Currency conversion rates for US$
- 11.3 Research methodology
-
- Exhibit 81: Research Methodology
- Exhibit 82: Validation techniques employed for market sizing
- Exhibit 83: Information sources
- 11.4 List of abbreviations
-
- Exhibit 84: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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