U.S. And Canada Hot Food Vending Machine Market is Set to Surpass a Revenue of US$ 7.83 Billion by 2031 End at a Healthy CAGR - Future Market Insights, Inc.

The U.S. and Canada hot food vending machine market market is estimated to reach US$ 4.17 Bn in 2022 and is projected to surpass US$ 7.83 Bn by 2031. Sales of hot food vending machines in the U.S. and Canada increased at a CAGR of 7.2% from 2017 to 2021.

Increasing number of self-checkout kiosk coupled with convenient payment options is boosting the demand for hot food vending machine in the U.S. and Canada. Need for fresh and hot food due to improved and hectic lifestyle will drive the demand in the market.

Furthermore, strong U.S. economy and adoption of smart hot food vending machines in the corporate sector across the U.S. and Canada will propel the sales in the market. By creating inviting spaces for their employees to enjoy their snacks or meals, employers can increase the amount of time their workforce spends in the office. Such factors are contributing towards the growth of the hot food vending machines in the U.S. and Canada.

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Key Takeaways from the U.S. and Canada Hot Food Vending Machine Market Study

Under the food type, ready meat is leading in terms of revenue followed by high preference of consumers for sandwiches and burgers securing the second and third place, respectively.
Steel-made vending machines are highly recommended among manufacturers and operators because of their high strength and resistance properties therefore, highly contributing to the U.S. and Canada hot food vending machine market.
As per analysis, hospitals & clinics areas are anticipated to grow at a significant rate in the U.S. and Canada hot food vending machine industry.
Based on application, airports & railways stations segment is likely to witness growth owing to the growing number of travellers across the U.S. and Canada.

Who is winning?

Leading manufacturers of U.S. and Canada hot food vending machine are focused on aggressive promotional strategies and advertisements that have driven sales growth in U.S. and Canada hot food vending machine market.

Major players present in the U.S. and Canada hot food vending machine market are Ausbox Group,ALe Bread Xpress INC, Basil Street Café, FastCorp Vending LLC, INTEGRA D.O.O., Let's Pizza, QMBOX, Digital Media Vending International, LLC, Kratom Crazy Sprinkles, Burrito Box, Farmer's Fridge, and Berdoll Pecan among others.

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Market by Category

By Food Type, U.S. and Canada Hot Food Vending Machine Market is segmented as:

Sandwiches
Pizza
Burgers
Hot Dogs
Pack Soup
Ready Meat
Steam Products
French Fries
Others

By Capacity, U.S. and Canada Hot Food Vending Machine Market is segmented as:

Below 100 Units
100-150 Units
150 and Above Units

By Material Type, U.S. and Canada Hot Food Vending Machine Market is segmented as:

Steel
Aluminum
Others

By Application, U.S. and Canada Hot Food Vending Machine Market is segmented as:

Hospitals & Clinics
Hotels & Restaurants
Malls & Retail Stores
Airports & Railways Stations
Corporates & Offices
Academic Institutions
Hypermarkets/Supermarkets
Food Service Companies/Operators
Others

By Country, U.S. and Canada Hot Food Vending Machine Market is segmented as:

U.S.
Canada

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.