The North America vending machines market is anticipated to grow at a CAGR of 5.2% during the forecast period. as per the National Automatic Merchandising Association (NAMA), there were around 5 million vending machines in the US alone in 2015 which is expected to increase considerably during the forecast period. The growth of the market is being influenced by the increasing adoption of vending machines by the various end-use verticals. The high cost of labor/employees, high internet penetration, high awareness related to vending machines are some of the major factors for the growth of the market in the region. Due to this, the high return on investment from the vending machines and micro-market can be obtained by the retailers which are driving the market growth. However, already high penetration, government regulation such as Cashless Retailers Prohibition Act are some of the chief factors that can hinder the market growth.
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The North American vending machines market is segmented based on type, product, and application. Based on the type, the market is sub-segmented into traditional vending machines and micro markets. Micro markets will witness a significant growth rate during the forecast period. Based on the products, the market is sub-segmented into food & snacks, beverages, and others. Further, based on the application, the market is sub-segmented into Supermarkets & Retail Stores, public places, offices/institutions, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North America Vending Machines Market by Type
- Traditional Vending Machines
- Micro Markets
North America Vending Machines Market by Product
- Food & Snacks
- Beverages
- Others (Tabaco)
North America Vending Machines Market by Application
- Supermarkets and Retail Stores
- Public Places
- Offices/Institutions
- Other (Gyms)
Regional Analysis
- United States
- Canada
Company Profiles
- American Vending Machines Inc.
- Continental Vending Inc.
- Crane Merchandising Systems (Crane Co.)
- Diebold Nixdorf, Inc.
- Evoca Group
- FAS International
- Luigi Lavazza SPA
- Royal Vendors, Inc.
- Wurth Industry Of North America LLC
The Report Covers
- Comprehensive research methodology of the North America vending machines market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American vending machines market.
- Insights about market determinants that are stimulating the North America vending machines industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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