Vending machine market size to grow by USD 12.42 billion from 2022 to 2027 | North America will account for 37% of the market growth – Technavio

NEW YORK, Oct. 29, 2023 /PRNewswire/ — The global vending machine market size is estimated to grow by USD 12.42 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 16.81% during the forecast period.  By geography, the global vending machine market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global vending machine market. North America will account for 37% of the market growth during the forecast period. The region is witnessing an increased demand for vending machines from retailers and part-time and home-based businesses. Besides, many end-users are exhibiting high demand for interactive kiosks and intelligent vending machines that provide enhanced user experience. In addition, the rising demand for self-help automated and technologically advanced machines in retail outlets is fueling the growth of the vending machines market in North America. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

What’s New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – buy the report!Global Vending Machine Market – Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on product (low-end vending machines and intelligent vending machines), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, and Africa, and South America).
The market will observe significant growth in the low-end vending machines segment during the forecast period. Many small and medium-scale retailers prefer low-end vending machines as they cannot afford to purchase intelligent vending machines. These machines also minimize the recurring costs associated with labor to improve productivity and promote cashless payments. Such benefits are driving the growth of the segmentInsights on the market contribution of various segments including country and region wise, historic period (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report
Global Vending Machine Market – Market Dynamics
Key factor driving market growth
The growth of the market is driven by increasing demand for cashless vending machines.The rising adoption of smartphones and the rapid penetration of the internet has led to the growth of cashless payments worldwide.To attract customers, companies and retailers are adopting vending machines that can accept payments made through credit cards, debit cards, and mobile payments.Some retailers are retrofitting vending machines to allow cashless transactions.With the growing adoption of cashless payments, the demand for cashless vending machines will increase during the forecast period.Leading trends influencing the market 
The real-time data collection capabilities of intelligent vending machines is identified as the key trend in the market.Intelligent vending machines are backed with advanced features such as operations management, inventory management, customer analytics, transaction management, software and platform management, and digital advertising and content management system.This allows vending machine operators to collect and manage a large volume of customer data.Machine learning and real-time data allow retailers to analyze customer profiles based on their behavior and the number of purchases.This helps retailers to focus on their core competencies and improve productivity. All these benefits will have a positive impact on the growth of the market during the forecast period.Major challenges hindering the market growth
High initial investments and maintenance costs of vending machines are hindering the growth of the market.The cost of manufacturing vending machines is high, and the cost of renting is increasing every year.End-users require significant investments in purchasing software to manage intelligent vending machines.Besides, vendors are compelled to launch innovative products by making heavy investments in R&D.Such challenges are reducing the growth potential in the market.Insights on market drivers, trends, & challenges, historic period (2017 to 2021) and forecast period (2023 to 2027) – Request a sample report!
What are the key data covered in this vending machine market report?
CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the vending machine market between 2023 and 2027Precise estimation of the size of the vending machine market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the vending machine market industry across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of vending machine market vendorsGain instant access to 17,000+ market research reports.Technavio’s SUBSCRIPTION platform
Related Reports:
The casino gaming equipment market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by USD 14,265.1 million. The market is segmented by end-user (casinos, malls, and others), type (casino tables, slot machines, gaming chips, video poker machines, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).The slot machine market size is expected to increase by USD 9.77 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.3%. The market is segmented by product (digital and mechanical) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).Vending Machine Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 16.81%
Market growth 2023-2027
USD 12.42 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
14.69
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 37%
Key countries
US, Japan, China, Germany, and UK, Canada, Mexico, Italy, Spain, India, Japan, Australia, and South Korea
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH and Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse through Technavio’s Consumer Discretionary Market Reports
Table of contents:
1 Executive Summary
1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Distribution ChannelExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape
2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing
3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size
4.1 Global vending machine market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global vending machine market 2017 – 2021 (USD million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 (USD million)4.3 Distribution channel Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Distribution channel Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)5 Five Forces Analysis
5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by Product
6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 Low end vending machines – Market size and forecast 2022-2027 Exhibit 34: Chart on Low end vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Low end vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Low end vending machines – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Low end vending machines – Year-over-year growth 2022-2027 (%)6.4 Intelligent vending machines – Market size and forecast 2022-2027 Exhibit 38: Chart on Intelligent vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Intelligent vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Intelligent vending machines – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Intelligent vending machines – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Product Exhibit 42: Market opportunity by Product (USD million)7 Market Segmentation by Distribution Channel
7.1 Market segmentsExhibit 43: Chart on Distribution Channel – Market share 2022-2027 (%)Exhibit 44: Data Table on Distribution Channel – Market share 2022-2027 (%)7.2 Comparison by Distribution Channel Exhibit 45: Chart on Comparison by Distribution ChannelExhibit 46: Data Table on Comparison by Distribution Channel7.3 Offline – Market size and forecast 2022-2027 Exhibit 47: Chart on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 48: Data Table on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 49: Chart on Offline – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Offline – Year-over-year growth 2022-2027 (%)7.4 Online – Market size and forecast 2022-2027 Exhibit 51: Chart on Online – Market size and forecast 2022-2027 (USD million)Exhibit 52: Data Table on Online – Market size and forecast 2022-2027 (USD million)Exhibit 53: Chart on Online – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Online – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Distribution Channel Exhibit 55: Market opportunity by Distribution Channel (USD million)8 Customer Landscape
8.1 Customer landscape overview Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape
9.1 Geographic segmentation Exhibit 57: Chart on Market share by geography 2022-2027 (%)Exhibit 58: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 59: Chart on Geographic comparisonExhibit 60: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 61: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 73: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 81: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 Japan – Market size and forecast 2022-2027 Exhibit 85: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 China – Market size and forecast 2022-2027 Exhibit 93: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)9.12 UK – Market size and forecast 2022-2027 Exhibit 97: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 101: Market opportunity by geography (USD million)10 Drivers, Challenges, and Trends
10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 102: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape
11.1 Overview11.2 Vendor landscapeExhibit 103: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 104: Overview on factors of disruption11.4 Industry risksExhibit 105: Impact of key risks on business12 Vendor Analysis
12.1 Vendors coveredExhibit 106: Vendors covered12.2 Market positioning of vendors Exhibit 107: Matrix on vendor position and classification12.3 Azkoyen SAExhibit 108: Azkoyen SA – OverviewExhibit 109: Azkoyen SA – Business segmentsExhibit 110: Azkoyen SA – Key offeringsExhibit 111: Azkoyen SA – Segment focus12.4 Bianchi Industry SpaExhibit 112: Bianchi Industry Spa – OverviewExhibit 113: Bianchi Industry Spa – Product / ServiceExhibit 114: Bianchi Industry Spa – Key offerings12.5 BULK VENDING SYSTEMS Ltd. Exhibit 115: BULK VENDING SYSTEMS Ltd. – OverviewExhibit 116: BULK VENDING SYSTEMS Ltd. – Product / ServiceExhibit 117: BULK VENDING SYSTEMS Ltd. – Key offerings12.6 Compass Group PlcExhibit 118: Compass Group Plc – OverviewExhibit 119: Compass Group Plc – Business segmentsExhibit 120: Compass Group Plc – Key offeringsExhibit 121: Compass Group Plc – Segment focus12.7 Continental Vending Inc. Exhibit 122: Continental Vending Inc. – OverviewExhibit 123: Continental Vending Inc. – Product / ServiceExhibit 124: Continental Vending Inc. – Key offerings12.8 Crane Payment Innovations Inc. Exhibit 125: Crane Payment Innovations Inc. – OverviewExhibit 126: Crane Payment Innovations Inc. – Product / ServiceExhibit 127: Crane Payment Innovations Inc. – Key offerings12.9 Ellab ASExhibit 128: Ellab AS – OverviewExhibit 129: Ellab AS – Product / ServiceExhibit 130: Ellab AS – Key offerings12.10 Federal MachineExhibit 131: Federal Machine – OverviewExhibit 132: Federal Machine – Product / ServiceExhibit 133: Federal Machine – Key offerings12.11 Furukawa Electric Co. Ltd. Exhibit 134: Furukawa Electric Co. Ltd. – OverviewExhibit 135: Furukawa Electric Co. Ltd. – Product / ServiceExhibit 136: Furukawa Electric Co. Ltd. – Key offerings12.12 Future Techniks India Pvt. Ltd. Exhibit 137: Future Techniks India Pvt. Ltd. – OverviewExhibit 138: Future Techniks India Pvt. Ltd. – Product / ServiceExhibit 139: Future Techniks India Pvt. Ltd. – Key offerings12.13 Glory Ltd.Exhibit 140: Glory Ltd. – OverviewExhibit 141: Glory Ltd. – Business segmentsExhibit 142: Glory Ltd. – Key newsExhibit 143: Glory Ltd. – Key offeringsExhibit 144: Glory Ltd. – Segment focus12.14 Orasesta SpaExhibit 145: Orasesta Spa – OverviewExhibit 146: Orasesta Spa – Product / ServiceExhibit 147: Orasesta Spa – Key offerings12.15 Royal Vendors Inc.Exhibit 148: Royal Vendors Inc. – OverviewExhibit 149: Royal Vendors Inc. – Product / ServiceExhibit 150: Royal Vendors Inc. – Key offerings12.16 Sanden Corp.Exhibit 151: Sanden Corp. – OverviewExhibit 152: Sanden Corp. – Business segmentsExhibit 153: Sanden Corp. – Key offeringsExhibit 154: Sanden Corp. – Segment focus12.17 Westomatic Vending Services Ltd. Exhibit 155: Westomatic Vending Services Ltd. – OverviewExhibit 156: Westomatic Vending Services Ltd. – Product / ServiceExhibit 157: Westomatic Vending Services Ltd. – Key offerings13 Appendix
13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 158: Inclusions checklistExhibit 159: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 160: Currency conversion rates for USUSD13.4 Research methodologyExhibit 161: Research methodologyExhibit 162: Validation techniques employed for market sizingExhibit 163: Information sources13.5 List of abbreviations Exhibit 164: List of abbreviationsAbout USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com/

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SOURCE Technavio 

NEW YORK, Oct. 29, 2023 /PRNewswire/ — The global vending machine market size is estimated to grow by USD 12.42 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 16.81% during the forecast period.  By geography, the global vending machine market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global vending machine market. North America will account for 37% of the market growth during the forecast period. The region is witnessing an increased demand for vending machines from retailers and part-time and home-based businesses. Besides, many end-users are exhibiting high demand for interactive kiosks and intelligent vending machines that provide enhanced user experience. In addition, the rising demand for self-help automated and technologically advanced machines in retail outlets is fueling the growth of the vending machines market in North America. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

What’s New?

Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – buy the report!

Global Vending Machine Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product (low-end vending machines and intelligent vending machines), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, and Africa, and South America).

The market will observe significant growth in the low-end vending machines segment during the forecast period. Many small and medium-scale retailers prefer low-end vending machines as they cannot afford to purchase intelligent vending machines. These machines also minimize the recurring costs associated with labor to improve productivity and promote cashless payments. Such benefits are driving the growth of the segment

Insights on the market contribution of various segments including country and region wise, historic period (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

Global Vending Machine Market – Market Dynamics

Key factor driving market growth

The growth of the market is driven by increasing demand for cashless vending machines.The rising adoption of smartphones and the rapid penetration of the internet has led to the growth of cashless payments worldwide.To attract customers, companies and retailers are adopting vending machines that can accept payments made through credit cards, debit cards, and mobile payments.Some retailers are retrofitting vending machines to allow cashless transactions.With the growing adoption of cashless payments, the demand for cashless vending machines will increase during the forecast period.

Leading trends influencing the market 

The real-time data collection capabilities of intelligent vending machines is identified as the key trend in the market.Intelligent vending machines are backed with advanced features such as operations management, inventory management, customer analytics, transaction management, software and platform management, and digital advertising and content management system.This allows vending machine operators to collect and manage a large volume of customer data.Machine learning and real-time data allow retailers to analyze customer profiles based on their behavior and the number of purchases.This helps retailers to focus on their core competencies and improve productivity. All these benefits will have a positive impact on the growth of the market during the forecast period.

Major challenges hindering the market growth

High initial investments and maintenance costs of vending machines are hindering the growth of the market.The cost of manufacturing vending machines is high, and the cost of renting is increasing every year.End-users require significant investments in purchasing software to manage intelligent vending machines.Besides, vendors are compelled to launch innovative products by making heavy investments in R&D.Such challenges are reducing the growth potential in the market.

Insights on market drivers, trends, & challenges, historic period (2017 to 2021) and forecast period (2023 to 2027) – Request a sample report!

What are the key data covered in this vending machine market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the vending machine market between 2023 and 2027Precise estimation of the size of the vending machine market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the vending machine market industry across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of vending machine market vendors

Gain instant access to 17,000+ market research reports.
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Related Reports:

The casino gaming equipment market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by USD 14,265.1 million. The market is segmented by end-user (casinos, malls, and others), type (casino tables, slot machines, gaming chips, video poker machines, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).The slot machine market size is expected to increase by USD 9.77 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.3%. The market is segmented by product (digital and mechanical) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).

Vending Machine Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 16.81%

Market growth 2023-2027

USD 12.42 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.69

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Japan, China, Germany, and UK, Canada, Mexico, Italy, Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Azkoyen SA, Bianchi Industry Spa, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Continental Vending Inc., Crane Payment Innovations Inc., Ellab AS, Federal Machine, Furukawa Electric Co. Ltd., Future Techniks India Pvt. Ltd., Glory Ltd., Intel Corp., Orasesta Spa, Royal Vendors Inc., Sanden Corp., Seaga Manufacturing Inc., Sielaff GmbH and Co. KG, The Coca Cola Co., Westomatic Vending Services Ltd., and Worldline SA

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio’s Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Distribution ChannelExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global vending machine market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global vending machine market 2017 – 2021 (USD million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 (USD million)4.3 Distribution channel Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Distribution channel Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 Low end vending machines – Market size and forecast 2022-2027 Exhibit 34: Chart on Low end vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Low end vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Low end vending machines – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Low end vending machines – Year-over-year growth 2022-2027 (%)6.4 Intelligent vending machines – Market size and forecast 2022-2027 Exhibit 38: Chart on Intelligent vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Intelligent vending machines – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Intelligent vending machines – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Intelligent vending machines – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Product Exhibit 42: Market opportunity by Product (USD million)

7 Market Segmentation by Distribution Channel

7.1 Market segmentsExhibit 43: Chart on Distribution Channel – Market share 2022-2027 (%)Exhibit 44: Data Table on Distribution Channel – Market share 2022-2027 (%)7.2 Comparison by Distribution Channel Exhibit 45: Chart on Comparison by Distribution ChannelExhibit 46: Data Table on Comparison by Distribution Channel7.3 Offline – Market size and forecast 2022-2027 Exhibit 47: Chart on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 48: Data Table on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 49: Chart on Offline – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Offline – Year-over-year growth 2022-2027 (%)7.4 Online – Market size and forecast 2022-2027 Exhibit 51: Chart on Online – Market size and forecast 2022-2027 (USD million)Exhibit 52: Data Table on Online – Market size and forecast 2022-2027 (USD million)Exhibit 53: Chart on Online – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Online – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Distribution Channel Exhibit 55: Market opportunity by Distribution Channel (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 57: Chart on Market share by geography 2022-2027 (%)Exhibit 58: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 59: Chart on Geographic comparisonExhibit 60: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 61: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 73: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 81: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 Japan – Market size and forecast 2022-2027 Exhibit 85: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 China – Market size and forecast 2022-2027 Exhibit 93: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)9.12 UK – Market size and forecast 2022-2027 Exhibit 97: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 101: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 102: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 103: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 104: Overview on factors of disruption11.4 Industry risksExhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 106: Vendors covered12.2 Market positioning of vendors Exhibit 107: Matrix on vendor position and classification12.3 Azkoyen SAExhibit 108: Azkoyen SA – OverviewExhibit 109: Azkoyen SA – Business segmentsExhibit 110: Azkoyen SA – Key offeringsExhibit 111: Azkoyen SA – Segment focus12.4 Bianchi Industry SpaExhibit 112: Bianchi Industry Spa – OverviewExhibit 113: Bianchi Industry Spa – Product / ServiceExhibit 114: Bianchi Industry Spa – Key offerings12.5 BULK VENDING SYSTEMS Ltd. Exhibit 115: BULK VENDING SYSTEMS Ltd. – OverviewExhibit 116: BULK VENDING SYSTEMS Ltd. – Product / ServiceExhibit 117: BULK VENDING SYSTEMS Ltd. – Key offerings12.6 Compass Group PlcExhibit 118: Compass Group Plc – OverviewExhibit 119: Compass Group Plc – Business segmentsExhibit 120: Compass Group Plc – Key offeringsExhibit 121: Compass Group Plc – Segment focus12.7 Continental Vending Inc. Exhibit 122: Continental Vending Inc. – OverviewExhibit 123: Continental Vending Inc. – Product / ServiceExhibit 124: Continental Vending Inc. – Key offerings12.8 Crane Payment Innovations Inc. Exhibit 125: Crane Payment Innovations Inc. – OverviewExhibit 126: Crane Payment Innovations Inc. – Product / ServiceExhibit 127: Crane Payment Innovations Inc. – Key offerings12.9 Ellab ASExhibit 128: Ellab AS – OverviewExhibit 129: Ellab AS – Product / ServiceExhibit 130: Ellab AS – Key offerings12.10 Federal MachineExhibit 131: Federal Machine – OverviewExhibit 132: Federal Machine – Product / ServiceExhibit 133: Federal Machine – Key offerings12.11 Furukawa Electric Co. Ltd. Exhibit 134: Furukawa Electric Co. Ltd. – OverviewExhibit 135: Furukawa Electric Co. Ltd. – Product / ServiceExhibit 136: Furukawa Electric Co. Ltd. – Key offerings12.12 Future Techniks India Pvt. Ltd. Exhibit 137: Future Techniks India Pvt. Ltd. – OverviewExhibit 138: Future Techniks India Pvt. Ltd. – Product / ServiceExhibit 139: Future Techniks India Pvt. Ltd. – Key offerings12.13 Glory Ltd.Exhibit 140: Glory Ltd. – OverviewExhibit 141: Glory Ltd. – Business segmentsExhibit 142: Glory Ltd. – Key newsExhibit 143: Glory Ltd. – Key offeringsExhibit 144: Glory Ltd. – Segment focus12.14 Orasesta SpaExhibit 145: Orasesta Spa – OverviewExhibit 146: Orasesta Spa – Product / ServiceExhibit 147: Orasesta Spa – Key offerings12.15 Royal Vendors Inc.Exhibit 148: Royal Vendors Inc. – OverviewExhibit 149: Royal Vendors Inc. – Product / ServiceExhibit 150: Royal Vendors Inc. – Key offerings12.16 Sanden Corp.Exhibit 151: Sanden Corp. – OverviewExhibit 152: Sanden Corp. – Business segmentsExhibit 153: Sanden Corp. – Key offeringsExhibit 154: Sanden Corp. – Segment focus12.17 Westomatic Vending Services Ltd. Exhibit 155: Westomatic Vending Services Ltd. – OverviewExhibit 156: Westomatic Vending Services Ltd. – Product / ServiceExhibit 157: Westomatic Vending Services Ltd. – Key offerings

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 158: Inclusions checklistExhibit 159: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 160: Currency conversion rates for USUSD13.4 Research methodologyExhibit 161: Research methodologyExhibit 162: Validation techniques employed for market sizingExhibit 163: Information sources13.5 List of abbreviations Exhibit 164: List of abbreviations

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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