openPR Logo
Press release

Vending Machine Market Size is expected to reach $8062.5 Million by 2027

08-05-2021 01:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Vending Machine Market Size is expected to reach $8062.5 Million

In 2020, the global Vending Machine market size was US$ 6556.9 million and it is expected to reach US$ 8062.5 million by the end of 2027, with a CAGR of 2.9% during 2021-2027. Major factors driving the growth of Vending Machine Market size are the rising demand for on-the-go snacks, beverages, the hectic lifestyle of people, and the machine's ability to produce goods quickly, making it an incredibly convenient choice for customers.

A vending machine is a machine that dispenses goods such as snacks, beverages, alcohol, cigarettes, tickets to customers automatically after the customer inserts currency or credit into the machine.

Today, the modern vending machine is contactless payment-enabled vending machines that support both online payment and site payment. It can also calculate the amount of the sold products and send messages automatically when the products are going to be sold out.

The key manufacturers of the global Vending Machine market include Fuji Electric, Crane, SandenVendo, and N&W Global Vending, with about 40% market shares.

Inquire for Sample Report : https://reports.valuates.com/request/sample/QYRE-Auto-27Y49/Global_Vending_Machine_Market

Trends Influencing the Vending Machine Market
Increased demand for food vending machines in offices/institutions is expected to fuel the Vending Machine Market size during the forecast period. In addition, the rise in the consumption of convenience food items and the adoption of smart customer service technologies in several food categories are expected to drive the growth of the vending machine market size.

The growing demand for vending machine retrofitting is expected to fuel the growth of the Vending Machine Market size during the forecast period. Retrofit solutions make it easy for consumers to upgrade their current traditional vending machines to smart vending machines by downloading the new software packages.

Another factor driving the growth of the vending machine market size is the growing adoption of vending machines to enhance the consumer shopping experience. Vending machines are a one-time investment that, by running 24/7 and throughout the year, acts as the cost savings alternative to traditional stores with employees. This advantage has induced many manufacturers to use vending machines to boost customer satisfaction, driving growth in vending machines' demand.

Vending Machine Market Regional Insights
In 2019, North America held the largest Vending Machine Market share. This trend is expected to continue over the forecast period as well. This dominance of North America is attributed to the popularity of vending machines, producers and distributors' concentration, the involvement of technology-conscious buyers, and the utility of vending machines.

View Full Report : https://reports.valuates.com/market-reports/QYRE-Auto-27Y49/global-vending-machine

From 2019 to 2025, Asia Pacific is expected to witness the highest growth during the forecast period. In the regional market, Japan is the most lucrative nation. Major factors contributing to the APAC's rising demand are the demand from the region's business and corporate sectors.

Top Major Players in the Vending Machine Market

o Fuji Electric
o Crane
o SandenVendo
o N&W Global Vending
o Sielaff
o Azkoyen Group
o Bianchi Vending
o Royal Vendors
o Selecta
o Jofemar
o Westomatic
o Fushi Bingshan
o Seaga
o FAS International
o Deutsche Wurlitzer
o AMS
o Aucma

Vending Machine Market By Type

o Food
o Cigarette
o Ticket
o Beverage Drink
o Other Goods

Vending Machine Market By Application

o Factory
o Office Building
o Public Places
o School
o Others

Vending Machine Market By Region

o United States
o Europe
o China
o Japan
o Other Regions

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vending Machine Market Size is expected to reach $8062.5 Million by 2027 here

News-ID: 2347519 • Views:

More Releases from Valuates Reports

2-Oxazolidinone Market Revenue, Insights, Overview, Outlook, Analysis | Valuates …
2-Oxazolidinone Market Size The global market for 2-Oxazolidinone was valued at US$ 732 million in the year 2024 and is projected to reach a revised size of US$ 916 million by 2031, growing at a CAGR of 3.3% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1I12558/Global_2_Oxazolidinone_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for 2-Oxazolidinone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess
Strontium-88 Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Re …
Strontium-88 Market Size The global market for Strontium-88 was valued at US$ 89 million in the year 2024 and is projected to reach a revised size of US$ 126 million by 2031, growing at a CAGR of 5.2% during the forecast period. Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-34T9158/Global_Strontium_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for Strontium-88, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess
Cobalt Sulfate Heptahydrate Market Revenue, Insights, Overview, Outlook, Analysi …
Cobalt Sulfate Heptahydrate Market Size The global market for Cobalt Sulfate Heptahydrate was valued at US$ 449 million in the year 2024 and is projected to reach a revised size of US$ 729 million by 2031, growing at a CAGR of 6.9% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-19T19438/Global_Cobalt_Sulfate_Heptahydrate_Market?utm_source=Openpr&utm_medium=Referral The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments
Ultrasonic Fabric Cutting and Sealing Machine Market Revenue, Insights, Overview …
Ultrasonic Fabric Cutting and Sealing Machine Market Size The global market for Ultrasonic Fabric Cutting and Sealing Machine was valued at US$ 1200 million in the year 2024 and is projected to reach a revised size of US$ 2091 million by 2031, growing at a CAGR of 8.2% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12M18905/Global_Ultrasonic_Fabric_Cutting_and_Sealing_Machine_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for Ultrasonic Fabric Cutting and

All 5 Releases


More Releases for Vending

Cool Drink Vending Machine Market Biggest Innovation with Top Key Players -Expre …
The Cool Drink Vending Machine report is an in-depth examination of the global Cool Drink Vending Machine's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Cool Drink Vending Machine industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Cool Drink Vending Machine analysis takes into account a number of aspects, including a country's population
Fresh Food Vending Machines Market | Key Players - Canteen Vending, Biocom Vendi …
Inventions in the food industry have resulted in the reduction of human efforts for meeting their necessary requirements such as food. Eatables are now readily available to customers through vending machines which are available at workplaces, shopping malls, schools, universities, hospitals, and other public places. Earlier, the food vending machines were mostly focused on providing fast foods. Get Report Sample Copy @ https://www.mrrse.com/sample/1846 However, during the recent years, the rise in health
Fresh Food Vending Machines Market | Industry Key Players - Canteen Vending, Bio …
Inventions in the food industry have resulted in the reduction of human efforts for meeting their necessary requirements such as food. Eatables are now readily available to customers through vending machines which are available at workplaces, shopping malls, schools, universities, hospitals, and other public places. Earlier, the food vending machines were mostly focused on providing fast foods. Get Exclusive Free Sample Report @ https://www.mrrse.com/sample/1846 However, during the recent years, the rise in
Current Scenario of Fresh Food Vending Machines Market | Canteen Vending, Biocom …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Fresh Food Vending Machines Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. For Insights Research Study | Get Report Sample Pages @ https://www.mrrse.com/sample/1846 Inventions
Food and Beverages Vending Machine Market 2018 Analysis By Key Players – Innov …
The report provides a comprehensive analysis of the Food and Beverages Vending Machine industry market by types, applications, players and regions. This report also displays the 2013-2025 production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Food and Beverages Vending Machine industry in USA, EU, China, India, Japan and other regions Market Analysis by Players: This report includes following top vendors in terms of
Fresh Food Vending Machines Market | Global Growing Industry Key Players Analysi …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Fresh Food Vending Machines Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Report Sample Copy for More Info @ https://www.mrrse.com/sample/1846 Inventions in the food