Coin Acceptors, Crane, and Cubic are three key vendors highlighted in a new Technavio report
London, 16 October 2015 – Technavio has published a new report on the global vending machines market, which is expected to grow at a CAGR of more than 14% from 2015-2019.
Vending machines market segmentation including type, location, product, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different locations, including manufacturing plants, offices, restaurants, bars, clubs, and hotels, retail sites, hospitals and nursing homes, universities and schools, military bases, and others.
Additionally, analysts have segmented market projections by key geography, and also by product, focusing on candy, snacks, and confections, OCS, ice cream, vended food, beverages, manual foodservice, tobacco, and others.
“Facial expression technology is the new innovation in the vending machines market, which recognizes and knows the amount of chocolates, cigarettes, candies, or ice creams a customer has consumed in an entire day and it will refuse to vend the request if that amount exceeds the allowed amount,” says Faisal Ghaus, Vice President of Technavio.
Vending machines: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global vending machines market from 2015-2019. The market size is calculated by taking the installed units of vending machines in the global vending machines market.
Industry analysis includes:
- Coin Acceptors
- Fuji Electric
Market Growth Drivers:
- Growth of vending machines in retail
- Increased cashless vending
- High initial investment and cost of production
- Increasing vandalism and theft
- Embedded system based automatic ticket vending machine
- Retrofitting of vending machines
View the global vending machines market report.
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