Intelligent Vending Machines Market Size Worth $11.8 Billion By 2025

The worldwide intelligent vending machines market is expected to reach around USD 11.8 billion by 2025. Greater penetration of self-services technologies across Europe & North America can drive the industry during the forecast period (from 2014 to 2025). Intelligent vending machines integrate energy-efficient electronic equipment including compressors, sensors, and efficient lighting components, such as LEDs that help conserve energy. Growing consumer preference for cashless payments is boosts product demand.

Protocols for Near-Field Communication (NFC) and cashless & mobile payments can positively impact the global industry in the years to come. However, factors such as the ban on potentially harmful confectionary products and on tobacco & cigarettes and strict rules & regulations related to the sale of junk foods in schools may hamper overall demand. Moreover, the production & operation of such machines being a costly affair often negatively impacts vendor interests.

The global intelligent vending machines market is categorized as per types, applications, and regions. Based on types, the segments are snacks, hot drinks, and packaged drinks. Previously, hot drinks led the overall industry, occupying more than 62% of total market volumes. This segment is primarily fueled by surging demand for various refreshment drinks.

In-depth research report on global Intelligent Vending Machines market -

Packaged drinks can dominate the overall industry due to greater focus on healthy vending. The segment mainly includes packaged beverages, like water, juices, flavored waters, milk, and energy drinks etc. Customers nowadays prefer low calorie packaged beverages that support healthy lifestyles. These drinks are available in multi-coated aseptic packets and tetra packs. This segment reported a production capacity of around 224.6 thousand units in 2015. It could further expand at a healthy CAGR around 15% during the forecast period.

According to applications, the industry is classified into Quick Service Restaurant (QSR), retail stores, shopping malls, public transport, and offices. It is expected that the Offices segment will grow rapidly in the forthcoming years. Office vending machines enable employees to take quick snack breaks in between work without any hassles of placing an order and waiting for the same to be prepared. The QSR and retail stores & shopping malls segment is projected to lead the global industry in the years to come. It held over 12.7% of overall market shares in terms of volume in 2015.

Geographically, the overall market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa (MEA). North America led the global industry with a 40% share in 2015. This growth can be credited to the rapid introduction of newer business models and widespread acceptance of the self-service concept. Asia-Pacific is anticipated to dominate the industry on account of high product demand in public transport applications in developing economies, such as China & India.

Key players in the global market are Advantech Co. Ltd.; Crane Co.; The Bianchi Vending Group S.p.A; The Rhea Vendors Group; and the Azkoyen Group. Implementation of inorganic growth strategies and focus on research & development activities are major trends observed in the industry. Market participants lay emphasis on business collaborations in order to optimize their market shares.

For example, in 2015 Brasilia was acquired by Bianchi Vending S.p.A., to support the latter’s HORECA (Hotel, Restaurant, and Catering) business. Intel’s Internet of Things (IoT) Retail Gateway Reference Design for intelligent or smart vending is an innovative solution for re-architecting traditional vending machines into the internet-connected advanced machines. It enables businesses develop technologies that provide manageability, connectivity, security, and enhanced computing power, for supporting highly developed services.

Source: Intelligent Vending Machines Market Analysis & Segment Forecast Report, 2024

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