Intelligent vending machine market size to increase by USD 17,231.5 million: North America to contribute 38% of market growth - Technavio

PR Newswire
Friday, December 9, 2022 at 8:00am UTC

Intelligent vending machine market size to increase by USD 17,231.5 million: North America to contribute 38% of market growth - Technavio

PR Newswire

NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The Intelligent Vending Machine Market by Product, Installation Sites, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 17,231.5 million at a CAGR of 24.94% between 2022 and 2027. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report

Regional Analysis

By region, the global intelligent vending machine market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. North America is estimated to contribute 38% to the growth of the global market over the forecast period. Factors such as the increasing popularity of vending machines, the concentration of manufacturers and retailers, the presence of buyers that are aware of technologies, and the utility of vending machines drive the growth of the regional market.

Company Profiles

The intelligent vending machine market report includes information on the key products and recent developments of leading vendors, including:

  • Advantech Co. Ltd. - The company offers intelligent vending machines such as Fanless Arm-based Box PC.
  • Automated Merchandising Systems Inc. - The company offers intelligent vending machine such as SlimGem, and The Low Temp Combo.
  • Azkoyen SA - The company offers intelligent vending machines such as Vitro S1 Espresso, Vitro X1 MIA, and Novara.
  • Bianchi Industry SpA - The company offers intelligent vending machines such as Distributore automatico AGILY L SMART.
  • Compass Group Plc
  • Crane Co.
  • Digital Media Vending International LLC
  • EVOCA Spa
  • To gain access to more vendor profiles available with Technavio, buy the report!

Market Dynamics

The market is driven by factors such as the growing demand for cashless vending machines, increasing demand for intelligent vending machines from the retail industry, and tie-ups among retailers and manufacturers. However, the rise in theft and vandalism is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

  • By product, the market is segmented into beverage, food, and tobacco. The beverage segment accounted for the largest share of the market in 2022.
  • By geography, the market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America held the largest share of the market in 2022.

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

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the intelligent vending machine market and its contribution to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market industry across North America, Europe, APAC, South America, and the Middle East and Africa.
  • Thorough analysis of the market's competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of intelligent vending machine market vendors.

Intelligent Vending Machine Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.94%

Market growth 2023-2027

USD 17231.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.87

Regional analysis

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

Performing market contribution

North America at 38%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

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

Key companies profiled

Advantech Co. Ltd., Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Co., Digital Media Vending International LLC, EVOCA Spa, Fas International Srl, Fastcorp Vending LLC, Furukawa Electric Co. Ltd., Rhea Vendors Group Spa, Royal Vendors Inc., Seaga Manufacturing Inc., Selecta Group BV, Shanghai Linhan Information Technology Co. Ltd., Silkron Technology Sdn Bhd, The Wittern Group Inc., Vendors Exchange International Inc., and Westomatic Vending Services Ltd.

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.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Installation Sites
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ 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 intelligent vending machine market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global intelligent vending machine market 2017 - 2021 ($ million)
  • 4.2 Product Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
  • 4.3 Installation sites Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Installation sites Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 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 Product
    • Exhibit 33: Data Table on Comparison by Product
  • 6.3 Beverage - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Beverage - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Beverage - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Beverage - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Beverage - Year-over-year growth 2022-2027 (%)
  • 6.4 Food - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Food - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Food - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Food - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Food - Year-over-year growth 2022-2027 (%)
  • 6.5 Tobacco - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Tobacco - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Tobacco - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Tobacco - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Tobacco - Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by Product 
    • Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Installation Sites

  • 7.1 Market segments 
    • Exhibit 47: Chart on Installation Sites - Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Installation Sites - Market share 2022-2027 (%)
  • 7.2 Comparison by Installation Sites 
    • Exhibit 49: Chart on Comparison by Installation Sites
    • Exhibit 50: Data Table on Comparison by Installation Sites
  • 7.3 Retail sites - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Retail sites - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Retail sites - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Retail sites - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Retail sites - Year-over-year growth 2022-2027 (%)
  • 7.4 Public transport hubs - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Public transport hubs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Public transport hubs - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Public transport hubs - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Public transport hubs - Year-over-year growth 2022-2027 (%)
  • 7.5 Offices - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Offices - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Offices - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Offices - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Offices - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Installation Sites
    • Exhibit 63: Market opportunity by Installation Sites ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 67: Chart on Geographic comparison
    • Exhibit 68: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027
    • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027
    • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 Japan - Market size and forecast 2022-2027
    • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.10 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 UK - Market size and forecast 2022-2027
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 112: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 113: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 115: Matrix on vendor position and classification
  • 12.3 Advantech Co. Ltd. 
    • Exhibit 116: Advantech Co. Ltd. - Overview
    • Exhibit 117: Advantech Co. Ltd. - Business segments
    • Exhibit 118: Advantech Co. Ltd. - Key offerings
    • Exhibit 119: Advantech Co. Ltd. - Segment focus
  • 12.4 Automated Merchandising Systems Inc. 
    • Exhibit 120: Automated Merchandising Systems Inc. - Overview
    • Exhibit 121: Automated Merchandising Systems Inc. - Product / Service
    • Exhibit 122: Automated Merchandising Systems Inc. - Key offerings
  • 12.5 Azkoyen SA 
    • Exhibit 123: Azkoyen SA - Overview
    • Exhibit 124: Azkoyen SA - Business segments
    • Exhibit 125: Azkoyen SA - Key offerings
    • Exhibit 126: Azkoyen SA - Segment focus
  • 12.6 Bianchi Industry SpA 
    • Exhibit 127: Bianchi Industry SpA - Overview
    • Exhibit 128: Bianchi Industry SpA - Product / Service
    • Exhibit 129: Bianchi Industry SpA - Key offerings
  • 12.7 Compass Group Plc 
    • Exhibit 130: Compass Group Plc - Overview
    • Exhibit 131: Compass Group Plc - Business segments
    • Exhibit 132: Compass Group Plc - Key offerings
    • Exhibit 133: Compass Group Plc - Segment focus
  • 12.8 Crane Co. 
    • Exhibit 134: Crane Co. - Overview
    • Exhibit 135: Crane Co. - Business segments
    • Exhibit 136: Crane Co. - Key offerings
    • Exhibit 137: Crane Co. - Segment focus
  • 12.9 Digital Media Vending International LLC
    • Exhibit 138: Digital Media Vending International LLC - Overview
    • Exhibit 139: Digital Media Vending International LLC - Product / Service
    • Exhibit 140: Digital Media Vending International LLC - Key offerings
  • 12.10 EVOCA Spa 
    • Exhibit 141: EVOCA Spa - Overview
    • Exhibit 142: EVOCA Spa - Product / Service
    • Exhibit 143: EVOCA Spa - Key offerings
  • 12.11 Fas International Srl 
    • Exhibit 144: Fas International Srl - Overview
    • Exhibit 145: Fas International Srl - Product / Service
    • Exhibit 146: Fas International Srl - Key offerings
  • 12.12 Furukawa Electric Co. Ltd. 
    • Exhibit 147: Furukawa Electric Co. Ltd. - Overview
    • Exhibit 148: Furukawa Electric Co. Ltd. - Product / Service
    • Exhibit 149: Furukawa Electric Co. Ltd. - Key offerings
  • 12.13 Rhea Vendors Group Spa 
    • Exhibit 150: Rhea Vendors Group Spa - Overview
    • Exhibit 151: Rhea Vendors Group Spa - Product / Service
    • Exhibit 152: Rhea Vendors Group Spa - Key offerings
  • 12.14 Royal Vendors Inc. 
    • Exhibit 153: Royal Vendors Inc. - Overview
    • Exhibit 154: Royal Vendors Inc. - Product / Service
    • Exhibit 155: Royal Vendors Inc. - Key offerings
  • 12.15 Shanghai Linhan Information Technology Co. Ltd.
    • Exhibit 156: Shanghai Linhan Information Technology Co. Ltd. - Overview
    • Exhibit 157: Shanghai Linhan Information Technology Co. Ltd. - Product / Service
    • Exhibit 158: Shanghai Linhan Information Technology Co. Ltd. - Key offerings
  • 12.16 Vendors Exchange International Inc. 
    • Exhibit 159: Vendors Exchange International Inc. - Overview
    • Exhibit 160: Vendors Exchange International Inc. - Product / Service
    • Exhibit 161: Vendors Exchange International Inc. - Key offerings
  • 12.17 Westomatic Vending Services Ltd. 
    • Exhibit 162: Westomatic Vending Services Ltd. - Overview
    • Exhibit 163: Westomatic Vending Services Ltd. - Product / Service
    • Exhibit 164: Westomatic Vending Services Ltd. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 165: Inclusions checklist
    • Exhibit 166: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 167: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 168: Research methodology
    • Exhibit 169: Validation techniques employed for market sizing
    • Exhibit 170: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 171: List of abbreviations
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