The global vending machines market is anticipated to grow with a modest CAGR of 6.3% during the forecast period. The advanced vending solutions and easy availability significantly aid in the growth of the global vending machine industry. Vending machines require low maintenance and also save employee cost, which is increasing its adoption among various retails sites.
In addition to this, vending machines are available in a wide variety across the market with multi-functional options or multiple machines serving a variety of products as per the consumer requirements. Due to this, a significant demand from corporates and other institutions are also recorded in the vending machine industry all across the globe. Vending machines are widely adopted in the corporate offices as it provides employees working in corporates with a wide selection of beverages, foods, and services to boost their morale and productivity.
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Moreover, vending machines also offer customization options to their provider, hence, the provider can also promote their product through the vending machines. For instance, beverage companies including Coca-Cola Co. and PepsiCo, Inc. offer vending machines with their product portfolio. Moreover, vending machine operation also doesn’t carry any overhead cost and eliminates the requirement of third-party sellers, hence saving a huge part of the revenue for the providers.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Type
o By Product
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Azkoyen SA, Crane Merchandising Systems, Diebold Nixdorf, Inc., Fuji Electric Co., Ltd., PepsiCo, Inc., Coca-Cola Co.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vending Machines Market Report Segment
By Type
- Traditional Vending Machines
- Micro Markets
By Product
- Food & Snacks
- Beverages
- Others
By Application
- Supermarkets and Retail Stores
- Public Places
- Offices/Institutions
- Other
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
