Connected Vending Machines Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2027)

The Global “Connected Vending Machines Market” research delves into detailed and insightful data on important variables such as regional growth, segmentation, and CAGR. The research contains a broad overview of the industry as well as a detailed explanation with a wealth of data. In addition, the production and management variety of end-user sectors. The research on the Connected Vending Machines market for the review period of 2021 – 2027 includes an in-depth assessment of certain new and significant industry trends, a competitive analysis, and a thorough geographical analysis.

In accordance with the Connected Vending Machines market is set to grow at a CAGR of 10.6% over the forecast period (2021-2027).

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The study covers profiles of major companies operating in the Connected Vending Machines Market:

Fuji Electric, Azkoyen Group, Crane, Jofemar, Westomatic, Seaga, Evoca Group, Deutsche Wurlitzer, Automated Merchandising Systems, Sielaff, Bianchi Vending Group, Royal Vendors, FAS International, SandenVendo, Fushi Bingshan, TCN Vending Machine, Fuhong Vending, Kimma

Industry News:

 Fuji Electric (FE) is globally developing its core business of Power Electronics Systems and India is one of the key focus areas for FE’s global growth plan. FE established Fuji Electric India Pvt. Ltd., a sales company, in 2009, and opened a low-voltage AC Drives factory in 2016. That same year, FE also established an engineering company (Fuji Gemco Private Limited) as a joint venture with a local company. Since then, FE has been developing the industry solutions business mainly to improve productivity and to save energy for our clients in India.

Market segment by Type, covers:

Airport
Railway Station
School
Business Center
Other

Market segment by Application can be divided into:

Beverage
Commodity
Food
Other

Market Overview:

 The Connected Vending Machines market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2027, at a CAGR. The market growth can be attributed to several factors, such as the growing need for high-security Connected Vending Machines in data centers, increasing use of point-of-use inventory management and tracking solutions for industrial and safety supplies, and integration of IoT and cloud infrastructure into Connected Vending Machines .

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North America is leading the market for Connected Vending Machines in 2021

North America held the largest share in the in Connected Vending Machines market 2021. North America is expected to continue to dominate the market during the forecast period due to the presence of various key players.

The major factors fueling the growth of the market are the growing adoption of PPE vending machines and rising concerns about workforce safety. Also, governments are making high investments in vending technology, which is projected to boost regional market growth. However, the size of the US market decreased remarkably in 2021 due to the adverse effects of COVID-19 on the food & beverage, construction, and manufacturing industries. The adoption rate of industrial vending machines was highly impacted in 2021 due to the shutdown of various ongoing production sites and supply chain disruptions.

Regional Analysis:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

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Table of Contents: Connected Vending Machines Market

Chapter 1: Connected Vending Machines Market Product Definition

Chapter 2: Global Market Manufacturer Share and Market Overview

Chapter 3: Manufacturer Business Introduction

Chapter 4: Global Connected Vending Machines Market Segmentation (Region Level)

Chapter 5: Global Connected Vending Machines Market Segmentation (Product Type Level)

Chapter 6: Global Market Segmentation (Industry Level)

Chapter 7: Global Market Segmentation (Channel Level)

Chapter 8: Market Forecast 2021-2027

Chapter 9: Segmentation Product Type

Chapter 10: Segmentation Industry

Chapter 11: Cost of Production Analysis

Chapter 12: Conclusion

Impact of COVID-19:

The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.

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This release was published on openPR.