Press release
Surge in Ready-to-Eat Food Consumption Boosts Vending Machine Sector : Key Factor Driving The Growth In The Retail Vending Machine Market
Retail Vending Machine
What Is the Current Retail Vending Machine Market Size and Its Estimated Growth Rate?
The size of the retail vending machine market has seen a sturdy expansion in the past years. It is projected to increase from a total worth of $48.35 billion in 2024 to a significant $52.6 billion in 2025, seeing a compound annual growth rate (CAGR) of 8.8%. Factors like convenient shopping culture, 24/7 availability, variety of product options, urban development, areas with heavy pedestrian traffic, cost-effective retail options, and rising on-the-go consumption trends are responsible for this growth during the historical period.
The market size for retail vending machines is anticipated to witness a swiftly expanding growth rate in the coming years. It's projected to reach $77.74 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. The expansion anticipated over the forecasting timeframe can be related to improvements in retail automation and efficiency, the preference of customers for convenience, the impact of urbanization and busy areas, the demand for on-the-spot retail, with health and hygiene factors taken into account. Key trends to look forward to during the forecast period are the broader acceptance of contactless payment, hygiene and safety characteristics, expansive customization and personalization, innovative and user-friendly interfaces, along with sustainable and environment-friendly options.
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What Are the High-Growth Segments in the Retail Vending Machine Market?
The retail vending machine market covered in this report is segmented -
1) By Type: Food, Beverage, Games Or Amusement, Tobacco, Candy And Confectionery, Beauty And Personal Care, Ticket, Other Types
2) By Payment Mode: Cash Retail Vending Machine, Cashless Retail Vending Machine
3) By Application: Retail Vending Machine For Commercial Places, Retail Vending Machine For Offices, Retail Vending Machine For Public Places, Retail Vending Machine For Other Applications
Subsegments:
1) By Food: Snacks, Fresh Food, Healthy Options
2) By Beverage: Soft Drinks, Coffee And Tea, Water, Energy Drinks
3) By Games Or Amusement: Arcade Machines, Skill-Based Games
4) By Tobacco: Cigarettes, Other Tobacco Products
5) By Candy And Confectionery: Chocolate, Gummie*s And Sweets, Gum
6) By Beauty And Personal Care: Skincare Products, Cosmetics, Haircare Items
7) By Ticket: Event Tickets, Transportation Tickets
8) By Other Types: Electronics, Health And Wellness Products, Miscellaneous Items
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What Key Drivers Are Expected to Influence Future Retail Vending Machine Market Growth?
The increasing popularity of ready-to-eat meals and convenience food items are anticipated to fuel the growth of the retail vending machine market. This is because this category of meals are cleaned, pre-cooked, and pre-packaged facilitating immediate consumption without any previous preparation or cooking. Oftentimes, vending machines can be found at strategically convenient venues, offering readily consumable (RTE) meals all day long. These cater to the requirements of city dwellers like students, workforce, commuters, tourists among others. For instance, in reference to a study conducted by the National Association of Convenience Stores (NACS), a renowned US trade association, the total industry food service sales, inclusive of prepared food, commissary items, and beverage dispensed, came in at 26.9% of in-store sales in 2023, an increase from 25.6% witnessed in 2022. Also, there was a recorded monthly growth of 12.2% per store in terms of prepared food sales. Thus, the increasing appeal for ready-to-eat meals is instrumental in driving the growth of the retail vending machine market.
Which Companies Hold the Largest Share Across Different Retail Vending Machine Market Segments?
Major companies operating in the retail vending machine market include Azkoyen Group, Westomatic Vending Services Ltd, Royal Vendors Inc, Seaga Manufacturing Inc, Sanden Group, Glory Ltd, Crane Merchandising Systems, Fuji Electric Global, Bianchi Industry, Coke Solutions, Sellmat Srl, Fastcorp vending machines LLC, Jofemar Corporation, Selecta AG, Continental Vending Inc, Federal Machine Corporation, Future Techniks India Private Ltd, Sielaff GmbH & Co KG, Cantaloupe Systems, Orasesta S.p.A, Apex Supply Chain Technologies, Ford Gum & Machine Co. Inc., Vending Design Works, Automated Merchandising Systems Inc., Bulk Vending Systems, Canteen Vending Services, Coin Acceptors Inc., Dixie-Narco Inc., FAS International S.R.L.
What Trends Are Driving Growth in The Retail Vending Machine Market?
Leading the retail vending machine market, product innovation has emerged as a significant trend. Well-established companies in the market are taking steps towards creating unique products. For example, Ulta Beauty, a beauty salon firm based in the USA, announced in October 2023 that it would be introducing intelligent vending machines into its stores through a pioneering program. These machines, which have been co-developed with SOS, will provide Ultimate Rewards members with a complimentary travel-size beauty item every week from top brands such as Hero Cosmetics and Luxury Brand Partners. Additionally, the vending machines will feature free period care items from Rael. The purpose of this initiative is to boost loyalty memberships while offering a convenient and entertaining product sampling experience for customers.
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What Are the Emerging Geographies for The Retail Vending Machine Market Growth?
North America was the largest region in the retail vending machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the retail vending machine market during the forecast period. The regions covered in the retail vending machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retail Vending Machine Market?
2. What is the CAGR expected in the Retail Vending Machine Market?
3. What Are the Key Innovations Transforming the Retail Vending Machine Industry?
4. Which Region Is Leading the Retail Vending Machine Market?
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