Press release
North America Intelligent Vending Machines Market Report 2030: Industry Size, Growth and Latest Insights - By RationalStat Market Research
North America intelligent vending machines market is expected to reach US$ 24.1 billion by 2030, registering a CAGR of over 12.8%.North America Intelligent Vending Machines Market is valued at US$ 10.4 billion in 2023 and is expected to grow at a significant CAGR of over 12.8% over the forecast period of 2023-2030, market report by RationalStat
Market Definition, Market Scope, and Report Overview
Intelligent vending machines, also known as smart vending machines, are technologically advanced devices that go above and beyond typical vending machines by including features like connectivity, data analytics, and automation. These machines use a variety of technologies to improve user experience, operational efficiency, and to deliver useful insights to vending operators.
Data about consumer behavior, purchasing habits, and inventory levels is generated and analyzed by intelligent vending machines. These insights can be used by vending operators to optimize product offerings, pricing tactics, and machine placements, ultimately enhancing profitability.
According to a deep-dive market assessment by RationalStat, the North America Intelligent Vending Machines market has been analyzed on the basis of market segments, including type, mounting type, temperature setting, technology, payment method, end user and geography/regions (incl US, Canada). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the North America Intelligent Vending Machines market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the North America Intelligent Vending Machines market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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North America Intelligent Vending Machines Market: Segmental and Market Share Analysis
• On the basis of type, candy/snacks vending machines is estimated to emerge as the fastest-growing product in the market. Due to the increasing focus on longer working hours, healthy products, and innovative new product launches, among others.
• On the basis of end use, enterprises and business spaces are the fastest-growing segment of the market in 2022 growing at a CAGR of 14.8 during the forecast period.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 10.4 billion
Market Size Forecast US$ 24.1 billion
Growth Rate 12.8%
Dominant Segment Candy/snacks vending machines
Key Market Drivers
• Increasing penetration of self-service technology
• Growing demand for cashless systems
• Increasing number of retail outlets
Companies Profiled
• Vagabond Vending LLC
• Smartvend (Canonigo Enterprise LLC)
• Vengo Inc.
• Velocity
• 365 Retail Markets
• AAEON Technology Inc.
• Silkron
• FAS INTERNATIONAL SRL
• SEAGA MANUFACTURING, INC.
• Fuji Electric Co., Ltd
• Digital Media Vending International, LLC.
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the North America intelligent vending machines market include,
• In March 2023, Crane Merchandising Systems and Vending.com announced a partnership to provide vending machines with contactless payment options.
• In February 2023, Fuji Electric launched a new line of smart vending machines with facial recognition payment capabilities.
Some of the prominent players and suppliers operating and contributing significantly to the North America intelligent vending machines market growth include Vagabond Vending LLC, Smartvend (Canonigo Enterprise LLC), Vengo Inc., Velocity, 365 Retail Markets, AAEON Technology Inc., Silkron, FAS INTERNATIONAL SRL, SEAGA MANUFACTURING, INC., Fuji Electric Co., Ltd, and Digital Media Vending International LLC, among others.
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RationalStat has segmented the North America Intelligent Vending Machines market based on type, mounting type, temperature setting, technology, payment method, end user and region
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by type
o Food Vending Machines
o Beverages Vending Machines
o Candy/Snacks Vending Machines
o Tobacco Vending Machines
o Others (Personal Care and Hygiene Vending Machines, etc.)
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by mounting type
o Free-standing
o Wall-Mounted
o Others (Wheels or Appliance Casters, etc.)
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by temperature setting
o Ambient
o Combo (Refrigerator and Non-Refrigerator)
o Refrigerated
o Hot
o Frozen
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by technology
o Keypad
o Touchscreen
o Mobile app-based
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Payment Method
o Cash
o Coin Acceptor
o Coin Changer
o Cashless
o Card Machines
o UPI or QR Payment
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by End Use
o Enterprises and Business Spaces
o Schools & Educational Facilities
o Hospitals & Clinics
o Hotels, Restaurants, and Cafes
o Retail Stores/Supermarkets/Hypermarkets
o Event Spaces & Community Buildings
o Airports
o Railway Stations
o Bus Stations
o Smart Homes & Cities
o Others
• North America Intelligent Vending Machines Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
o US
o Canada
For more information about this report https://store.rationalstat.com/store/north-america-intelligent-vending-machines-market/
Key Questions Answered in the North America Intelligent Vending Machines Report:
• What will be the market value of the North America Intelligent Vending Machines market by 2030?
• What is the market size of the North America Intelligent Vending Machines market?
• What are the market drivers of the North America Intelligent Vending Machines market?
• What are the key trends in the North America Intelligent Vending Machines market?
• Which is the leading region in the North America Intelligent Vending Machines market?
• What are the major companies operating in the North America Intelligent Vending Machines market?
• What are the market shares by key segments in the North America Intelligent Vending Machines market?
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
To get any Deep Down Insight on the Report- Raise a Query
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RationalStat LLC
Kimberly Shaw,
Content and Press Manager
sales@rationalstat.com
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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