Intelligent Vending Machine Market Is Booming Worldwide by 2025 | Azkoyen, Compass, Aramark, Hitachi, Glory, IBM, Vending, Bianchi Vending, Royal Vendors, Fuji Electric, SEAGA

The global intelligent vending machine market outlook will remain bullish on the back of advancements in technologies, including smart devices, IoT and automation. Demand for advanced vending machines has surged with expanding footfall of mobile payments, touchscreen interface, speech processing and anti-theft cameras.

Soaring trend for connected solutions and cashless transactions has stimulated the manufacturing of smart vending machines. These machines provide low maintenance and operational costs, flexibility and easy accessibility. For instance, the European Vending & Coffee Service Association (EVA) claims there are approximately four million vending machines to be in the region. In terms of revenue, the global intelligent vending machine market is forecast to grow at a considerable rate by 2025.

Trends which are likely to have an influence on the global industry outlook are elucidated below:

Food-based vending machines to gain uptick in North America

The U.S. and Canada are witnessing traction for food-based vending machines at an unprecedented level. End-use applications such as retail & public transport sites, shopping malls and schools have become the major recipients of food-based vending machines.

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Several leading players have upped the adoption of intelligent vending machines which are sustainable and efficient. For instance, Green Mustache announced the plan to implement more heathy vending machines across Canada in places, such as hospitals and schools.

Retail stores to seek smart vending machines in America

The trend for intelligent vending machines is likely to be more pronounced in retail stores in North America. Retailers in the region are deploying smart machines across shopping malls, supermarkets and retail stores. For instance, the Canada Post launched a series of Concept Stores to prompt each store to include to include vending machines.

Companies are emphasizing collaboration with businesses to gain a competitive edge in the landscape. For instance, PepsiCo, Inc., joined hands with Robby Technologies in January 2019 to develop a self-driving vending machine.

The U.S. to provide lucrative opportunities

The U.S. is likely to come up as a happy hunting ground on the back of robust energy conservation policies in the region. For instance, the U.S. Department of Energy has implemented minimum energy conservation standards. Besides, Energy Star, under the aegis of the U.S. EPA regulation, certifies if the product is energy efficient.

Beverage vending machines are likely be sought-after for efficient lighting systems and to reduce cost and energy. A slew of industries is adopting certified refrigerated vending systems to save more than 1,000 kWh annually. Moreover, the trend for self-service technology will further fuel the demand for these machines in the region.

Online retailers demand intelligent vending machines in Europe

Considering the exponential rise in the growth of the e-commerce industry in the U.K., Germany and France, online retailers have upped their focus on a seamless product delivery. Retail sites in the region have expedited the influx of funds in intelligent vending machines to boost their consumer base.

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Food dispensing solutions are likely to be sought-after to help consumers manage heathy diets through rendering fresh food services in public places. Besides, the implementation of rigorous European regulations for the consumption of food products has prompted vendors to use these smart machines.

Europe’s Corporate offices to extend the trend

The corporate sector and offices have shown increased inclination towards intelligent vending machines. So much so that leading companies are installing these advanced vending machines to boost employees’ health. Prominent companies have introduced workplace-specific vending machines to propel employee engagement.

The trend for beverage vending machines across Europe is likely to be noticeable as retailers continue to exhibit demand for the smart systems. End-users are adopting the machine in the outlets to propel digitization and boost customer satisfaction. So much so that the European government is infusing funds in smart digitization technologies to encourage the adoption of cashless payment technologies.

Transportation sector to install smart vending machines in APAC

Considering the expanding footprint of transportation sector in India, China and Australia, modern vending machines are likely to be installed across the region. For instance, Indian Railway Catering and Tourism Corporation (IRCTC) announced the installation of an automatic pizza vending solution at Mumbai railway station in January 2019.

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India and China are relentlessly investing in smart dispensing solutions to propel digital payment solutions. Prominently, the adoption of NFC-based technology will bolster the use of intelligent vending machine in the region. For instance, Xiaomi announced the launch of Mi Express Kiosks in May 2019 in India to propel UPI payments.

Beverage vending machines to witness increased adoption in APAC

With the surge in the consumption of soft drinks in India, APAC intelligent vending machine market outlook is likely to remain bullish. For instance, more than a billion consumers drank six billion liters of soft drinks in 2017.

Soft drink manufacturers are profoundly installing vending solutions for wooing large customer base and augmenting retail sales. PepsiCo Inc. announced its audacious plans in December 2015 to install around 1,000 dual-temperature vending machines.

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