Vending Machine Market to Grow by USD 12,426.7 Million, Electronic Equipment and Instruments Industry Considered as Parent Market - Technavio

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The global vending machine market has been categorized as a part of the global electronic equipment and instruments market. The parent market, the global electronic equipment and instruments market, covers manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. The market is expected to grow at a moderate pace.

The vending machine market size is expected to grow by USD 12,426.7 million from 2022 to 2027. In addition, the growth momentum of the market will accelerate at a CAGR of 16.81% during the forecast period, according to Technavio.

The report offers an up-to-date analysis regarding the overall market environment, the current market scenario, and the latest trends and drivers. Request Latest FREE PDF Sample Report

Vending Machine Market 2023-2027: Scope

The vending machine market report covers the following areas:

• Vending Machine Market Size
• Vending Machine Market Trends
• Vending Machine Market Industry Analysis

Vending Machine Market 2023-2027: Vendor Landscape

The global vending machine market has well-established players that design and produce vending machines for customers. Manufacturers of vending machines are working continuously on developing innovative products and expanding their customer base. In addition, prominent vendors are expected to increase their focus on intelligent vending machines during the forecast period. The revenue of the market is expected to increase during the forecast period, with the rising demand for vending machines from end-users.

Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH & Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA are among some of the major market participants.

This report provides a full list of key vendors, their strategies, and the latest developments. Buy Full Report

Vending Machine Market 2023-2027: Segmentation

• Product 
• Low-end vending machines
• Intelligent vending machines

The vending machine market share growth in the low-end vending machines segment will be significant during the forecast period. The growth of this segment is driven by a strong increase in the number of retail outlets. Most small and medium-scale retailers use low-end vending machines. They are increasingly adopting such machines to minimize the recurring costs associated with manpower to enhance productivity and promote cashless and quick shopping practices.

• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

37% of the market's growth will originate from North America during the forecast period. The US is the key market for the vending machine market in North America. The growth of the market in the region is attributed to factors such as the rising adoption of vending machines by different end-user industries. 

• Distribution channel
• Offline
• Online

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Vending Machine Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• 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 the vending machine market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global vending machine market 2017 - 2021
• Exhibit 18: Historic Market Size ? Data Table on Global vending machine market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size ? Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Low end vending machines - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Low end vending machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Low end vending machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Low end vending machines - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Low end vending machines - Year-over-year growth 2022-2027 (%)

• 6.4 Intelligent vending machines - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Intelligent vending machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Intelligent vending machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Intelligent vending machines - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Intelligent vending machines - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027
• Exhibit 85: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Azkoyen SA 
• Exhibit 108: Azkoyen SA - Overview
• Exhibit 109: Azkoyen SA - Business segments
• Exhibit 110: Azkoyen SA - Key offerings
• Exhibit 111: Azkoyen SA - Segment focus

• 12.4 Bianchi Industry Spa 
• Exhibit 112: Bianchi Industry Spa - Overview
• Exhibit 113: Bianchi Industry Spa - Product / Service
• Exhibit 114: Bianchi Industry Spa - Key offerings

• 12.5 BULK VENDING SYSTEMS Ltd. 
• Exhibit 115: BULK VENDING SYSTEMS Ltd. - Overview
• Exhibit 116: BULK VENDING SYSTEMS Ltd. - Product / Service
• Exhibit 117: BULK VENDING SYSTEMS Ltd. - Key offerings

• 12.6 Compass Group Plc 
• Exhibit 118: Compass Group Plc - Overview
• Exhibit 119: Compass Group Plc - Business segments
• Exhibit 120: Compass Group Plc - Key offerings
• Exhibit 121: Compass Group Plc - Segment focus

• 12.7 Continental Vending Inc. 
• Exhibit 122: Continental Vending Inc. - Overview
• Exhibit 123: Continental Vending Inc. - Product / Service
• Exhibit 124: Continental Vending Inc. - Key offerings

• 12.8 Crane Payment Innovations Inc. 
• Exhibit 125: Crane Payment Innovations Inc. - Overview
• Exhibit 126: Crane Payment Innovations Inc. - Product / Service
• Exhibit 127: Crane Payment Innovations Inc. - Key offerings

• 12.9 Ellab AS 
• Exhibit 128: Ellab AS - Overview
• Exhibit 129: Ellab AS - Product / Service
• Exhibit 130: Ellab AS - Key offerings

• 12.10 Federal Machine 
• Exhibit 131: Federal Machine - Overview
• Exhibit 132: Federal Machine - Product / Service
• Exhibit 133: Federal Machine - Key offerings

• 12.11 Furukawa Electric Co. Ltd. 
• Exhibit 134: Furukawa Electric Co. Ltd. - Overview
• Exhibit 135: Furukawa Electric Co. Ltd. - Product / Service
• Exhibit 136: Furukawa Electric Co. Ltd. - Key offerings

• 12.12 Future Techniks India Pvt. Ltd. 
• Exhibit 137: Future Techniks India Pvt. Ltd. - Overview
• Exhibit 138: Future Techniks India Pvt. Ltd. - Product / Service
• Exhibit 139: Future Techniks India Pvt. Ltd. - Key offerings

• 12.13 Glory Ltd. 
• Exhibit 140: Glory Ltd. - Overview
• Exhibit 141: Glory Ltd. - Business segments
• Exhibit 142: Glory Ltd. - Key news
• Exhibit 143: Glory Ltd. - Key offerings
• Exhibit 144: Glory Ltd. - Segment focus

• 12.14 Orasesta Spa 
• Exhibit 145: Orasesta Spa - Overview
• Exhibit 146: Orasesta Spa - Product / Service
• Exhibit 147: Orasesta Spa - Key offerings

• 12.15 Royal Vendors Inc. 
• Exhibit 148: Royal Vendors Inc. - Overview
• Exhibit 149: Royal Vendors Inc. - Product / Service
• Exhibit 150: Royal Vendors Inc. - Key offerings

• 12.16 Sanden Corp. 
• Exhibit 151: Sanden Corp. - Overview
• Exhibit 152: Sanden Corp. - Business segments
• Exhibit 153: Sanden Corp. - Key offerings
• Exhibit 154: Sanden Corp. - Segment focus

• 12.17 Westomatic Vending Services Ltd. 
• Exhibit 155: Westomatic Vending Services Ltd. - Overview
• Exhibit 156: Westomatic Vending Services Ltd. - Product / Service
• Exhibit 157: Westomatic Vending Services Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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SOURCE Technavio