According to the latest market research study by Technavio, the global intelligent vending machine market is expected to grow at a CAGR of more than 38% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global intelligent vending machine market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on products
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The top three revenue contributing product categories are discussed below
Beverages in global intelligent vending machine market: Beverages occupy the maximum share in the global smart vending machine market and will continue to dominate the market during the forecast period. The upsurge in product offerings in vending machines and a rise in the number of beverage manufacturers selling their products through exclusive smart vending machines will play a key role in the growth of this market segment.
“Big beverage manufacturers such as Coca-Cola and PepsiCo use their smart vending machines to sell their exclusive product lines. With solid return on investment, Coca-Cola continues to expand the reach of its Freestyle smart vending machines, which are leased to operators. Moreover, players like Budweiser operate cashless vending machines to sell their alcoholic beverages,” says Poonam Saini, an industry expert at Technavio for research on retail systems.
Food products segment in the global intelligent vending machine market: The US, France, and Spain are major markets for the sale of snack products through vending machines. The demand for healthy food is gaining traction in this market, which is being reflected in the type of products being stored in intelligent vending machines.
Tobacco segment in the global intelligent vending machine market: The sale of tobacco through vending machines is high in countries such as China and Japan, which have placed few restrictions on smoking. However, the segment is expected to be affected by strict government regulations on the use of these products and the ban on cigarette consumption in several other countries.
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The top vendors operating in the global intelligent vending machine market are:
- Crane
- Coin Acceptors
- Cubic
- Fuji Electric
The other prominent vendors in the market include American Vending Machines, Bianchi Vending, Bulk Vending Systems, Canteen, Continental Vending, Fresh Healthy Vending International, Glory, and Royal Vendors.
A more detailed analysis is available in the Technavio market research report titled, ‘Global intelligent vending machine Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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