Forecast for Intelligent Vending Machine Market Size and Trends by 2024

The global intelligent vending machine market size was valued at USD 6.51 billion in 2021 and is projected to reach USD 22.0 billion by 2029 from USD 7.44 billion in 2022, growing a CAGR of 16.7% during the forecast period. Based on our analysis, the global market exhibited a decline of 13.0% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with intelligent vending machine experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

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Industry developments of intelligent vending machine market:

• Fuji Electric announced to be the capital investor of Fuji Electric Tsugaru Semiconductor company for growth in the manufacturing of SiC power semiconductors.
• Azkoyen Group, a leading Spanish technology multinational company that provides automated products and services that give people unique experiences in their daily lives, has unveiled a new version of its Nebular platform at the Venitalia Worldwide Vending Show.
• Dominus Capital, L.P. affiliates are engaged with Seaga Manufacturing, Inc., a leading platform of dispensing solutions and inventory vending for the water filtration, industrial, food and beverage, and healthcare laundry markets.
• >Azkoyen Group, an international Spanish technology company that offers automated goods and services, has partnered with eye-tracking technology developer Irisbond to launch a fully eye-controlled coffee machine.
• Global Vending S.p.A. partnered with Saeco. This partnership aids the company to improve its food vending machine services comprising hot and cold beverages along with coffee.

Top Companies of intelligent vending machine market:

• Azkoyen Group (Spain)
• Crane Co. (U.S.)
• FAS INTERNATIONAL S.R.L (Italy)
• Fuji Electric Co., Ltd. (Japan)
• Royal Vendors, Inc. (U.S.)
• Sanden Holdings Corporation (Japan)
• Rhea Vendors Group Spa (Italy)
• Seaga (U.S.)
• Jofemar Corporation (U.S.)
• Sielaff GmbH & Co (Germany)
• BIANCHI INDUSTRY SPA (Italy)
• N&W Global Vending S.p.A. (Italy)

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Intelligent Vending Machine Market Segmentation

Intelligent Vending Machine Market Share, Size & COVID-19 Impact Analysis, By Machine Type (Free-Standing Vending Machines and Wall-Mounted Vending Machines), By Product Type (Food & Beverages, Snacks, Tobacco, Confections, and Others), By Application (Quick Service Restaurant, Commercial Malls & Retail Stores, Offices, Public Transport, Shopping Centers, and Others), and Regional Forecast Between, 2022-2029

Reasons to buy this report:

The present state of the market, trends, growth areas, and competitive dynamics in the intelligent vending machine market are all thoroughly examined in this report. It helps companies to see areas for expansion and improvement while pointing out possible difficulties and dangers. The report’s evaluation of product portfolios and business segments helps stakeholders make better-informed investments and market strategies.

Developing successful success strategies in the intelligent vending machine market can be facilitated and decision-making greatly enhanced by having a solid understanding of the industry dynamics described in the report. All things considered, this report is a great resource for anyone looking for in-depth knowledge about this quickly evolving industry.

Regional Atributes:

• North America (By Machine Type, By Product Type, By Application)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Machine Type, By Product Type, By Application)

• • U.K. (By Application)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe

• Asia Pacific (By Machine Type, By Product Type, By Application)

• • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific

• Middle East & Africa (By Machine Type, By Product Type, By Application)

• • GCC Countries (By Application)
  • South Africa (By Application)
  • Rest of Middle East and Africa

• Latin America (By Machine Type, By Product Type, By Application)

• • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Intelligent Vending Machine Market Drivers and restrains:

• Driver: Increasing Demand for Contactless SolutionsThe growing preference for contactless transactions in public spaces drives the adoption of intelligent vending machines, offering a more hygienic and convenient option.
• Driver: Technological AdvancementsAdvances in IoT, AI, and payment technologies enhance the functionality of intelligent vending machines, making them more appealing to both operators and consumers.
• Driver: Growing UrbanizationUrbanization and the increase in busy lifestyles lead to a higher demand for automated solutions like intelligent vending machines for quick and easy access to products.
• Restraint: High Initial InvestmentThe substantial capital required for purchasing and setting up intelligent vending machines can be a significant barrier for small businesses and new entrants.
• Restraint: Technical Complexity and MaintenanceTechnical issues and the need for regular maintenance of sophisticated vending machines can lead to operational challenges and increased costs for operators.

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