The US vending machines market is anticipated to grow at a CAGR of 5.3% during the forecast period. The already established popularity of vending machines in the country is considered to be the major factor driving the market. Additionally, the increasing number of vending machines that accept cashless payment is increasing its adoption among millennials and generation Z. Moreover, the legalization of alcohol vending machines in the US is also providing various growth opportunities to the vending machine market. For instance, in March 2020 a bill was introduced in Michigan through which beer and wine can be bought through delivery service and barroom vending machines. The bill aimed to increase flexibility for business and variety for consumers.
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The US 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. Based on the products, the market is sub-segmented into food & snacks, beverages, and others. Beverage segment is expected to witness significant growth during the forecast period. Further, based on the application, the market is sub-segmented into supermarkets & retail stores, public places, offices or 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
US Vending Machines Market by Type
- Traditional Vending Machines
- Micro Markets
US Vending Machines Market by Product
- Food & Snacks
- Beverages
- Others
US Vending Machines Market by Application
- Supermarkets and Retail Stores
- Public Places
- Offices/Institutions
- Other
Company Profiles
- American Vending Machines, Inc.
- Apex Industrial Technologies, LLC.
- Cardinal Distributing Co. Inc.
- Crane Merchandising Systems (Crane Co.)
- Fuji Electric Co., Ltd.
- Betti Industries Inc.
- S. Hughes Co., Inc.
- Seaga Manufacturing Inc.
- Wurth Industry of North America LLC
The Report Covers
- Comprehensive research methodology of the US 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 US vending machines industry.
- Insights about market determinants that are stimulating the US vending machines market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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