“Retail Vending Machine Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on retail vending machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for retail vending machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The retail vending machine market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 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
- Companies Mentioned: Azkoyen Group; Westomatic Vending Services Ltd; Royal Vendors Inc; Seaga Manufacturing Inc; Sanden Group
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the retail vending machine market are 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., Worldline S A, Federal Machine Corporation, Future Techniks India Private Ltd., Intel Corporation, and Sielaff GmbH & Co KG.
The global retail vending machine market is expected to grow from $41.18 billion in 2022 to $44.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.99%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The retail vending machine market is expected to reach $62.85 billion in 2027 at a CAGR of 8.7%.
The retail vending machine market consists of sales of merchandisers, outdoor vending machines, smart vending machines, customized vending machines, and specialty vending machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Retail vending machine refers to out-of-store retailing machines that require a standard power supply connection to function. It uses the distribution of products to consumers through coin-operated systems that improve the customer purchase experience.
North America was the largest region in the retail vending machine market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail vending machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of retail vending machines are food, beverage, games or amusement, tobacco, candy and confectionery, beauty and personal care, ticket, and others. Food refers to a material consumed to sustain growth and vital activities as well as to provide energy. These vending machines are used in commercial places for selling food, such as snacks and packed food, with hygiene. The payment modes are cash and cashless, used in commercial places, offices, public places and others.
The rising demand for ready-to-eat and convenience foods is expected to propel the retail vending machine market. Ready-to-eat food refers to a class of food items that have been cleaned, pre-cooked, and packaged that are ready to consume without prior preparation and cooking. Vending machines are usually installed at convenient locations to serve ready-to-eat (RTE) meals round-the-clock to address the needs of urban consumers such as students, commuters, working professionals, tourists, and others. For instance, according to a March 2022 report published by the Government of Canada on packaged food trends in China, retail sales of packaged food products in China increased from 283,984.8 (US$ million) in 2020 to 298,005.3 (US$ million) in 2021. Therefore, rising demand for ready-to-eat foods is driving the retail vending machine market.
Product innovation is a key trend in the retail vending machine market. Major companies operating in the market are advancing toward developing innovative products. For instance, in July 2021, Cherise India Private Limited, an India-based company operating in vending machine, launched IoT and Android-based tea vending kiosk. Cherise's user-friendly smart vending kiosks have their own exclusive IoT dashboard and app for managing operations. In contrast to other vending operators, Cherise gives its customers access to an IoT vending platform that offers real-time data on consumer consumption trends, inventory, and payment at the touch of a button.
In November 2022, Seaga Manufacturing Inc., a US-based manufacturer of automatic retail dispensing and modular inventory control solutions, acquired Automated Merchandising Systems Inc for an undisclosed amount. Through this acquisition, Seaga Manufacturing Inc aims to strengthen its portfolio in vending machines in North America and Latin America. Automated Merchandising Systems Inc. is a US-based manufacturer of vending machines.
The countries covered in the retail vending machine market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The retail vending machines market research report is one of a series of new reports from The Business Research Company that provides retail vending machines statistics, including retail vending machines industry global market size, regional shares, competitors with a retail vending machines market share, detailed retail vending machines market segments, market trends and opportunities, and any further data you may need to thrive in the retail vending machines industry. This retail vending machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Retail Vending Machine Market Characteristics
3. Retail Vending Machine Market Trends And Strategies
4. Retail Vending Machine Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Retail Vending Machine Market
- 4.2. Ukraine-Russia War Impact On Retail Vending Machine Market
- 4.3. Impact Of High Inflation On Retail Vending Machine Market
5. Retail Vending Machine Market Size And Growth
- 5.1. Global Retail Vending Machine Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Retail Vending Machine Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Retail Vending Machine Market Segmentation
- 6.1. Global Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Food
- Beverage
- Games or Amusement
- Tobacco
- Candy and Confectionery
- Beauty and Personal Care
- Ticket
- Other Types
- 6.2. Global Retail Vending Machine Market, Segmentation By Payment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cash Retail Vending Machine
- Cashless Retail Vending Machine
- 6.3. Global Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retail Vending Machine for Commercial Places
- Retail Vending Machine for Offices
- Retail Vending Machine for Public Places
- Retail Vending Machine for Other Applications
7. Retail Vending Machine Market Regional And Country Analysis
- 7.1. Global Retail Vending Machine Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Retail Vending Machine Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Retail Vending Machine Market
- 8.1. Asia-Pacific Retail Vending Machine Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Retail Vending Machine Market
- 9.1. China Retail Vending Machine Market Overview
- 9.2. China Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Retail Vending Machine Market
- 10.1. India Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Retail Vending Machine Market
- 11.1. Japan Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Retail Vending Machine Market
- 12.1. Australia Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Retail Vending Machine Market
- 13.1. Indonesia Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Retail Vending Machine Market
- 14.1. South Korea Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Retail Vending Machine Market
- 15.1. Western Europe Retail Vending Machine Market Overview
- 15.2. Western Europe Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Retail Vending Machine Market
- 16.1. UK Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Retail Vending Machine Market
- 17.1. Germany Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Retail Vending Machine Market
- 18.1. France Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Retail Vending Machine Market
- 19.1. Eastern Europe Retail Vending Machine Market Overview
- 19.2. Eastern Europe Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Retail Vending Machine Market
- 20.1. Russia Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Retail Vending Machine Market
- 21.1. North America Retail Vending Machine Market Overview
- 21.2. North America Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Retail Vending Machine Market
- 22.1. USA Retail Vending Machine Market Overview
- 22.2. USA Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Retail Vending Machine Market
- 23.1. South America Retail Vending Machine Market Overview
- 23.2. South America Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Retail Vending Machine Market
- 24.1. Brazil Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Retail Vending Machine Market
- 25.1. Middle East Retail Vending Machine Market Overview
- 25.2. Middle East Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Retail Vending Machine Market
- 26.1. Africa Retail Vending Machine Market Overview
- 26.2. Africa Retail Vending Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Retail Vending Machine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Retail Vending Machine Market Competitive Landscape And Company Profiles
- 27.1. Retail Vending Machine Market Competitive Landscape
- 27.2. Retail Vending Machine Market Company Profiles
- 27.2.1. Azkoyen Group
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Westomatic Vending Services Ltd
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Royal Vendors Inc
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Seaga Manufacturing Inc
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Sanden Group
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Retail Vending Machine Market
29. Retail Vending Machine Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer