What’s Driving the Intelligent Vending Machine Market Trends? | Top Key Players are Azkoyen Group, Bianchi Industry SpA, Continental: Dining • Refreshment Services • Events
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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 machines market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Azkoyen Group
2. Bianchi Industry SpA
3. Continental: Dining • Refreshment Services • Events
4. Crane Merchandising Systems
5. Fuji Electric Corp. of America
6. Jofemar Corp.
7. SandenVendo America, Inc.
Chapter 3. Intelligent Vending Machine Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Technology providers
3.3.4. System integrators
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Impact of IoT and machine learning
3.4.2. Biometric technologies
188.8.131.52. Facial recognition
184.108.40.206. Iris recognition
3.4.3. Payment technology
3.4.4. Cloud technology
3.4.5. Connectivity technology
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
3.6. Industry impact forces
3.6.1. Growth drivers
220.127.116.11. Increasing penetration of self-service technology across North America
18.104.22.168. Rising demand for cashless systems in Europe
22.214.171.124. Increasing number of retail outlets in Asia Pacific
126.96.36.199. Rising economic stability and globalization in Latin America
188.8.131.52. Growing adoption of reverse vending machine in MEA
3.6.2. Industry pitfalls & challenges
184.108.40.206. Rising security issues
220.127.116.11. Prohibition of the sale of tobacco products in several regions
3.7. Growth potential analysis
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis
3.9.2. Strategic dashboard
3.10. PESTEL analysis
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Intelligent Vending Machine Market in retail sector 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 vending machine market. Food dispensing machines are predicted to witness a high demand from several application areas in the intelligent vending machines 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.
Vending machines have come a long way from their basic design and now are equipped to perform a lot more than dispense items and provide change. At present vending machines are designed to not only provide items requested but provide nutritional or other information about the items, interact with the customer to make suggestions about the purchase and even prepare fresh food. For example, in Italy a pizza vending machine called Let’s Pizza has been developed that prepares customized pizzas in less than 3 minutes. A window in the front allows customers to watch the flour being kneaded, the rolling of the pizza disc, spreading of the tomato paste and other ingredients and the finished creation baked in infra-red rays. The growth of the intelligent vending machine market is being driven by smart technology that brings together the convenience and availability of instant transactions with the tailored, entertaining and connected retail experience that customers have come to expect.
A rise in the application of smart dispensing solutions at public transport hubs like bus stands, railways stations, and airports is estimated to accelerate the growth of vending machine market. Transportation hubs are now focusing on transforming their operational techniques from manual to automatic. For example, the Indian Railways is heavily investing in automation and has installed an automatic food vending machine, operated using a tablet, in the Coimbatore-Bengaluru UDAY Express, in June 2018. Furthermore, the state-owned railway firm is planning to install similar systems in other trains in the future, which will drive the growth of vending machine market.
Browse key industry insights spread across 150 pages with 251 market data tables & 22 figures & charts from the report, Intelligent Vending Machine Market in detail along with the table of contents:
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 vending machine market.
Though U.S. has the most vending machines in the world, Japan has the highest density of vending machines with 5.5 million machines in 2016 that put one machine for every 50 people and is known for carrying more range of products that available anywhere else in the world. Fascination with technology, low crime rate, need for convenience etc. have driven the vending machine market in the country, but Japan being the pioneer of technology has presented the next step for intelligent vending machine market.
Among some of the most tried-and-tested strategies, M&A continues to retain increased attention in the global intelligent vending machine market. Validating the same, in November 2018, the Troy-based Continental Services took another slice of the local food services market by acquiring United Vending & Market Services, a Ferndale-based food supplier. This acquisition, which was a part of the aggressive five-year growth plan of the company, was its fourth takeover in the past year. As the growth tactic of acquisitions continues to gain further traction, the global vending machine market will garner increased momentum in the forthcoming years.
Key players operating in the intelligent vending machine market are American Vending Machines, Automated Merchandising Systems, Inc., Azkoyen Group, Bianchi Industry SpA, Bulk Vending Systems, Compass Group, Continental: Dining • Refreshment Services • Events, Crane Merchandising Systems, FAS INTERNATIONAL S.P.A., Fuji Electric Corp. of America, Jofemar Corp., Royal Vendors Inc., SandenVendo America, Inc. and SEAGA Group Australia Pty. Ltd.
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