Press release
Intelligent Vending Machine Market Growth Analysis and Business Opportunities by 2024 | Key Participants Azkoyen Vending Systems, Continental Vending, Crane Merchandising Systems, Fuji Electric Co., Ltd., Evoka Group, FAS International, Royal Vendors, Inc
The Asia Pacific intelligent vending machine market will expand at a rapid pace over the coming years due to growing digitalization and urbanization trends in several economies including India, China, and Japan. Increasing customer crowd in retail, restaurant, and entertainment sectors is encouraging store owners to implement advanced technologies that will help in customer engagement, thereby driving sales and profitability. Moreover, the rising trend of automation in business operations is a major factor propelling the growth of the intelligent vending machine market.
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Intelligent Vending Machine Market is expected to exceed USD 30 billion by 2024. A rise in the demand for smart dispensing solutions in several industrial segments including public transportation and entertainment is predicted to propel the industrial demand. With growing urbanization, theaters and fun zones are incorporating modern technologies in their facilities to attract customers. The competition in the industry is based on the quality of services being offered to customers that will enhance their satisfaction levels. With the adoption of smart dispensing solutions, these companies are able to cater their products to a wide range of customers, meet consumer requirements, and manage queues. Such factors are encouraging these application segments to transform their traditional techniques to intelligent solutions, thereby accelerating the intelligent vending machine market.
Food dispensing machines are predicted to witness a high demand from several application areas in the intelligent vending machine market. The adoption of these smart solutions in retail & restaurant outlets is growing rapidly. Manufacturers operating are offering different types of dispensing solutions depending upon the food item being served. Several types of food dispensing solutions include snacks, vegetables, ice creams, cakes, fruits, and candy vending machines. The retail industry is installing such technologies based on products that need to be stored in outlets. Snack dispensing solutions are the most widely adopted solutions in the intelligent vending machine market.
The growing adoption of the snack & coffee dispensing solutions at offices is expected to drive the intelligent vending machine market. Corporate offices are installing smart technologies that provide various features such as biometric authentication, mobile connectivity, coupon vending, etc., which help enterprises to ensure the safety of the equipment and enhance ease in vending the products. Several corporate sectors provide coupons such as Sodexo coupons to their employees to compensate for their food expenses. Coupon vending machines are being incorporated in such application areas for reducing the efforts and time spent by the management for distributing such coupons. The installation of such smart dispensing technologies at corporate offices will accelerate the intelligent vending machine market.
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Key players operating in the intelligent vending machine market include Azkoyen Vending Systems, Continental Vending, Crane Merchandising Systems, Fuji Electric Co., Ltd., Evoka Group, FAS International, Royal Vendors, Inc., Sanden Holdings Corporation, and Seaga Group, among others. These companies are engaged in the manufacture of business-specific solutions that will provide their customers with options to customize the solution based on enterprise requirements. Moreover, technological advancements and innovations in the intelligent vending machine market are expected to be a major factor for the high adoption of these smart solutions.
Table of Contents:
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.1. Definitions
1.1.2. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Intelligent vending machine industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Intelligent Vending Machine Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.6. Industry impact forces
3.7. Growth potential analysis
3.8. Porter's analysis
Chapter 4. Intelligent Vending Machine Market, By Product
4.1. Key trends by product
4.2. Beverage
4.2.1. Market estimates and forecast, 2013 - 2024
4.3. Food
4.3.1. Market estimates and forecast, 2013 - 2024
4.4. Tobacco
4.4.1. Market estimates and forecast, 2013 - 2024
4.5. Others
4.5.1. Market estimates and forecast, 2013 - 2024
Chapter 5. Intelligent Vending Machine Market, By Application
5.1. Key trends by application
5.2. Retail sites
5.2.1. Market estimates and forecast, 2013 - 2024
5.3. Public transport hubs
5.3.1. Market estimates and forecast, 2013 - 2024
5.4. Offices/Institutions
5.4.1. Market estimates and forecast, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
Chapter 6. Intelligent Vending Machine Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/intelligent-vending-machine-market
Related Report:
United States Intelligent Vending Machine Market Report 2017
In this report, the United States Intelligent Vending Machine market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. United States Intelligent Vending Machine market competition by top manufacturers/players, with Intelligent Vending Machine sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
• Fuji?Electric
• Crane Merchandising Systems
• Sanden
• N&W Global Vending
• Seaga
• Royal Vendors
https://www.marketstudyreport.com/reports/united-states-intelligent-vending-machine-market-report-2017
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