Vending Machine Market Size, Share, Forecast, & Industry Analysis 2029

Data Bridge Market Research analyses that the global vending machine market which was USD 16.07 billion in 2022, is expected to reach USD 26.00 billion by 2030, and is expected to undergo a CAGR of 7.3% during the forecast period of 2023 to 2030. "Beverage" dominates the type segment of the global vending machine due to high demand, wide variety, and established brand availability, catering to consumers' need for quick and refreshing drinks. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

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https://www.databridgemarketresearch.com/reports/global-vending-machine-market

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A vending machine is used to dispense items stored within it, such as packaged food, beverages, and tobacco products, in exchange for coins or tokens inserted. Dispensing is an automated process that requires no human labour and saves humans valuable time. Due to the fast-paced nature of life, these machines are commonly seen in fast-paced cities. Touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment help vending machines not only dispense items but also engage shoppers. Furthermore, these products have a wide range of applications in hotels and restaurants, corporate offices, public places, and other settings, which drives the global vending machine market size.

Key players operating in the global vending machine market are:

Crane Co. (U.S.)
Azkoyen Group (Spain)
Fuji Electric Co., Ltd. (Japan)
Sanden Holdings Corporation (Japan)
Seaga Manufacturing, Inc. (U.S.)
Royal Vendors, Inc. (U.S.)
Bianchi Vending Group S.p.A. (Italy)

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