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Subject: MRR

Vending machine market size to grow by USD 12,426.7 million from 2022 to 2027; Growth driven by increasing demand for cashless vending machines - Technavio


NEW YORK, March 21, 2023 /PRNewswire/ -- The global vending machine market size is estimated to grow by USD 12,426.7 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 16.81% during the forecast period. The growth of the market is driven by factors such as the increase in demand for cashless vending machines, the growing demand for intelligent vending machines from retail industry, and the increasing popularity of vending machines. However, high initial investments and maintenance costs for vending machines will challenge the growth of the market. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

Global Vending Machine Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product (low-end vending machines and intelligent vending machines), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, and Africa, and South America).

Geography Overview
By geography, the global vending machine market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global vending machine market.

Insights on the market contribution of various segments including country and region
wise, historic period (2017 to 2021) and forecast market size (2023 to 2027) - Download a
Sample Report

Global Vending Machine Market ? Market Dynamics

Key factor driving market growth

Leading trends influencing the market 

Major challenges hindering the market growth

Insights on market drivers, trends, & challenges, historic period (2017 to 2021) and
forecast period (2023 to 2027) - Request a sample report!

What are the key data covered in this vending machine market report?

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Vending Machine Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 16.81%

Market growth 2023-2027

USD 12,426.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.69

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Japan, China, Germany, and UK, Canada, Mexico, Italy, Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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 and Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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.

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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