Global Connected Vending Machines Market Research Report 2023(Status and Outlook)

Global Connected Vending Machines Market Research Report 2023(Status and Outlook)

Report Overview

Connected vending machine is a machine that dispenses items such as snacks, beverages, alcohol, cigarettes, lottery tickets to customers automatically, after the customer inserts currency or credit into the machine. The first modern vending machines were developed in England in the early 20th century and dispensed postcards.

Connected vending machine is the contactless payment-enabled vending machines that support both online payment and site payment. It can also calculate the amount of the sold products and send messages automatically when the products are going to be sold out.

Europe is the largest Connected Vending Machines market with about 35% market share. Japan is follower, accounting for about 33% market share.

The key players are Fuji Electric, Azkoyen Group, Crane, Jofemar, Westomatic, Seaga, Evoca Group, Deutsche Wurlitzer, Automated Merchandising Systems, Sielaff, Bianchi Vending Group, Royal Vendors, FAS International, SandenVendo, Fushi Bingshan, TCN Vending Machine, Fuhong Vending, Kimma etc. Top 3 companies occupied about 35% market share.

The Global Connected Vending Machines Market Size was estimated at USD 843.30 million in 2022 and is projected to reach USD 1399.08 million by 2029, exhibiting a CAGR of 7.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Connected Vending Machines market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Connected Vending Machines Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Connected Vending Machines market in any manner.

Global Connected Vending Machines Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Fuji Electric

Azkoyen Group

Crane

Jofemar

Westomatic

Seaga

Evoca Group

Deutsche Wurlitzer

Automated Merchandising Systems

Sielaff

Bianchi Vending Group

Royal Vendors

FAS International

SandenVendo

Fushi Bingshan

TCN Vending Machine

Fuhong Vending

Kimma

Market Segmentation (by Type)

Beverage

Commodity

Food

Others

Market Segmentation (by Application)

Sportswear

Underwear

Outer Wear

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Connected Vending Machines Market

Overview of the regional outlook of the Connected Vending Machines Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors