Intelligent Vending Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Intelligent Vending Machine Market
The intelligent vending machine market size was valued at USD 8.54 billion in 2023, and the market is now projected to grow from USD 9.86 billion in 2024 to USD 32.30 billion by 2032, exhibiting a CAGR of 16.0% during the forecast period of 2023-2030.
The impacts of COVID-19 disrupted the supply chain and lowered demand, while food and beverage sales rose because of stockpiling. Products such as intelligent vending machines from AAEON became recognized solutions for retail and connected with ERP and inventory for remote control. These machines allow businesses to reach customers innovatively, propelling the intelligent vending machine market growth toward API-driven, touchpoint-integrated commerce models.
The growing demand for packaged food and beverages and cashless vending fuel the intelligent vending machine market share. These machines cater to busy, urban consumers seeking convenient, quick options, especially in offices and public spaces. With cashless payment capabilities, including mobile and card payments, they attract more customers and boost sales. Enhanced interactivity, mobile payment adoption, and energy-efficient features further strengthen market growth. Government regulations and tech advancements add to this trend by supporting flexible, remotely managed vending solutions.
Additionally, IoT integration and tech advancements transforming vending machines into smart, interactive devices with LCD touch screens, facial recognition and voice response. These intelligent systems enable personalized user experiences, promote collaborative offers, and gather consumer behaviour insights. Key features such as cashless payments, ERP integration and telemetry systems enhance the functionality of vending machines. The adoption of IoT and connected devices supports continued growth in the smart vending market, fueled by increasing consumer preference for cashless, contactless transactions.
Comprehensive Analysis of Intelligent Vending Machine Market
The intelligent vending machine market and machinery and equipment industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by machine types, by product types and by application. The machine type includes, Free-Standing Vending Machines and Wall-Mounted Vending Machines. The product type includes, Food & Beverages, Snacks, Tobacco, Confections and Others. The application includes, Quick Service Restaurant, Commercial Malls & Retail Stores, Offices, Public Transport, Shopping Centers and Others.
The Asia Pacific region's advanced retail infrastructure holds a significant share of the vending machine market. Increased digitization and the adoption of contactless payment solutions drive demand for smart vending machines. In India, investments in public infrastructure, organised retail, and rising disposable incomes are boosting market growth. Vending machines, which offer hot beverages and pharmacy products, have become common in hospitals, malls, and the IT sector. This trend is expected to continue, particularly with the expansion of organized retail and technology sectors.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, 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) and N&W Global Vending S.p.A. (Italy). These market players provide a level-playing competitive landscape.
In January 2023, An IoT product and solutions provider, Thundercomm, announced a new release of their Smart Vending Machine Solution to CES 2023 for unmanned retail terminals. It can also capture and interpret the purchasing process and purchased items through the dynamic vision.
Segmentation Table
Global Intelligent Vending Machine Market Scope
Study Period
2019-2032
Base Year
2023
Forecast Period
2024-2032
Growth Rate
CAGR of 16.0% from 2024 to 2032
Historical Period
2019-2022
Unit
Value (USD Billion)
Segmentation
By Machine Type, Product Type, Application, and Region
By Machine Type
Free-Standing Vending Machines
Wall-Mounted Vending Machines
By Product Type
Food & Beverages
Snacks
Tobacco
Confections
Others
By Application
Quick Service Restaurant
Commercial Malls & Retail Stores
Offices
Public Transport
Shopping Centers
Others
By Region
North America (By Machine Type, By Product Type, By Application)
- U.S. (By Application)
- Canada (By Application)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe
- China (By Application)
- Japan (By Application)
- India (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific
- GCC Countries (By Application)
- South Africa (By Application)
- Rest of Middle East and Africa
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Intelligent Vending Machine Key Players Market Share Insights and Analysis, 2023
- 5. Global Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 5.1.
- 5.1.1. Key Findings
- 5.1.2. By Machine Type (USD Bn)
- 5.1.2.1. Free-Standing Vending Machines
- 5.1.2.2. Wall-Mounted Vending Machines
- 5.1.3. By Product Type (USD Bn)
- 5.1.3.1. Food & Beverages
- 5.1.3.2. Snacks
- 5.1.3.3. Tobacco
- 5.1.3.4. Confections
- 5.1.3.5. Others
- 5.1.4. By Application (USD Bn)
- 5.1.4.1. Quick Service Restaurant
- 5.1.4.2. Commercial malls & retail stores
- 5.1.4.3. Offices
- 5.1.4.4. Public Transport
- 5.1.4.5. Shopping Centers
- 5.1.4.6. Others
- 5.1.5. By Region (USD Bn)
- 5.1.5.1. North America
- 5.1.5.2. Europe
- 5.1.5.3. Asia-Pacific
- 5.1.5.4. Middle East & Africa
- 5.1.5.5. Latin America
- 6. North America Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 6.1.
- 6.1.1. Key Findings
- 6.1.2. By Machine Type (USD Bn)
- 6.1.2.1. Free-Standing Vending Machines
- 6.1.2.2. Wall-Mounted Vending Machines
- 6.1.3. By Product Type (USD Bn)
- 6.1.3.1. Food & Beverages
- 6.1.3.2. Snacks
- 6.1.3.3. Tobacco
- 6.1.3.4. Confections
- 6.1.3.5. Others
- 6.1.4. By Application (USD Bn)
- 6.1.4.1. Quick Service Restaurant
- 6.1.4.2. Commercial malls & retail stores
- 6.1.4.3. Offices
- 6.1.4.4. Public Transport
- 6.1.4.5. Shopping Centers
- 6.1.4.6. Others
- 6.1.5. By Country (USD Bn)
- 6.1.5.1. U.S.
- 6.1.5.1.1. By Application
- 6.1.5.1.1.1. Quick Service Restaurant
- 6.1.5.1.1.2. Commercial malls & retail stores
- 6.1.5.1.1.3. Offices
- 6.1.5.1.1.4. Public Transport
- 6.1.5.1.1.5. Shopping Centers
- 6.1.5.1.1.6. Others
- 6.1.5.2. Canada
- 6.1.5.2.1. By Application
- 6.1.5.2.1.1. Quick Service Restaurant
- 6.1.5.2.1.2. Commercial malls & retail stores
- 6.1.5.2.1.3. Offices
- 6.1.5.2.1.4. Public Transport
- 6.1.5.2.1.5. Shopping Centers
- 6.1.5.2.1.6. Others
- 7. Europe Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 7.1.
- 7.1.1. Key Findings
- 7.1.2. By Machine Type (USD Bn)
- 7.1.2.1. Free-Standing Vending Machines
- 7.1.2.2. Wall-Mounted Vending Machines
- 7.1.3. By Product Type (USD Bn)
- 7.1.3.1. Food & Beverages
- 7.1.3.2. Snacks
- 7.1.3.3. Tobacco
- 7.1.3.4. Confections
- 7.1.3.5. Others
- 7.1.4. By Application (USD Bn)
- 7.1.4.1. Quick Service Restaurant
- 7.1.4.2. Commercial malls & retail stores
- 7.1.4.3. Offices
- 7.1.4.4. Public Transport
- 7.1.4.5. Shopping Centers
- 7.1.4.6. Others
- 7.1.5. By Country (USD Bn)
- 7.1.5.1. U.K.
- 7.1.5.1.1. By Application
- 7.1.5.1.1.1. Quick Service Restaurant
- 7.1.5.1.1.2. Commercial malls & retail stores
- 7.1.5.1.1.3. Offices
- 7.1.5.1.1.4. Public Transport
- 7.1.5.1.1.5. Shopping Centers
- 7.1.5.1.1.6. Others
- 7.1.5.2. Germany
- 7.1.5.2.1. By Application
- 7.1.5.2.1.1. Quick Service Restaurant
- 7.1.5.2.1.2. Commercial malls & retail stores
- 7.1.5.2.1.3. Offices
- 7.1.5.2.1.4. Public Transport
- 7.1.5.2.1.5. Shopping Centers
- 7.1.5.2.1.6. Others
- 7.1.5.3. France
- 7.1.5.3.1. By Application
- 7.1.5.3.1.1. Quick Service Restaurant
- 7.1.5.3.1.2. Commercial malls & retail stores
- 7.1.5.3.1.3. Offices
- 7.1.5.3.1.4. Public Transport
- 7.1.5.3.1.5. Shopping Centers
- 7.1.5.3.1.6. Others
- 7.1.5.4. Italy
- 7.1.5.4.1. By Application
- 7.1.5.4.1.1. Quick Service Restaurant
- 7.1.5.4.1.2. Commercial malls & retail stores
- 7.1.5.4.1.3. Offices
- 7.1.5.4.1.4. Public Transport
- 7.1.5.4.1.5. Shopping Centers
- 7.1.5.4.1.6. Others
- 7.1.5.5. Rest of Europe
- 8. Asia Pacific Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 8.1.
- 8.1.1. Key Findings
- 8.1.2. By Machine Type (USD Bn)
- 8.1.2.1. Free-Standing Vending Machines
- 8.1.2.2. Wall-Mounted Vending Machines
- 8.1.3. By Product Type (USD Bn)
- 8.1.3.1. Food & Beverages
- 8.1.3.2. Snacks
- 8.1.3.3. Tobacco
- 8.1.3.4. Confections
- 8.1.3.5. Others
- 8.1.4. By Application (USD Bn)
- 8.1.4.1. Quick Service Restaurant
- 8.1.4.2. Commercial malls & retail stores
- 8.1.4.3. Offices
- 8.1.4.4. Public Transport
- 8.1.4.5. Shopping Centers
- 8.1.4.6. Others
- 8.1.5. By Country (USD Bn)
- 8.1.5.1. China
- 8.1.5.1.1. By Application
- 8.1.5.1.1.1. Quick Service Restaurant
- 8.1.5.1.1.2. Commercial malls & retail stores
- 8.1.5.1.1.3. Offices
- 8.1.5.1.1.4. Public Transport
- 8.1.5.1.1.5. Shopping Centers
- 8.1.5.1.1.6. Others
- 8.1.5.2. Japan
- 8.1.5.2.1. By Application
- 8.1.5.2.1.1. Quick Service Restaurant
- 8.1.5.2.1.2. Commercial malls & retail stores
- 8.1.5.2.1.3. Offices
- 8.1.5.2.1.4. Public Transport
- 8.1.5.2.1.5. Shopping Centers
- 8.1.5.2.1.6. Others
- 8.1.5.3. India
- 8.1.5.3.1. By Application
- 8.1.5.3.1.1. Quick Service Restaurant
- 8.1.5.3.1.2. Commercial malls & retail stores
- 8.1.5.3.1.3. Offices
- 8.1.5.3.1.4. Public Transport
- 8.1.5.3.1.5. Shopping Centers
- 8.1.5.3.1.6. Others
- 8.1.5.4. Southeast Asia
- 8.1.5.4.1. By Application
- 8.1.5.4.1.1. Quick Service Restaurant
- 8.1.5.4.1.2. Commercial malls & retail stores
- 8.1.5.4.1.3. Offices
- 8.1.5.4.1.4. Public Transport
- 8.1.5.4.1.5. Shopping Centers
- 8.1.5.4.1.6. Others
- 8.1.5.5. Rest of Asia Pacific
- 9. Middle East and Africa Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 9.1.
- 9.1.1. Key Findings
- 9.1.2. By Machine Type (USD Bn)
- 9.1.2.1. Free-Standing Vending Machines
- 9.1.2.2. Wall-Mounted Vending Machines
- 9.1.3. By Product Type (USD Bn)
- 9.1.3.1. Food & Beverages
- 9.1.3.2. Snacks
- 9.1.3.3. Tobacco
- 9.1.3.4. Confections
- 9.1.3.5. Others
- 9.1.4. By Application (USD Bn)
- 9.1.4.1. Quick Service Restaurant
- 9.1.4.2. Commercial malls & retail stores
- 9.1.4.3. Offices
- 9.1.4.4. Public Transport
- 9.1.4.5. Shopping Centers
- 9.1.4.6. Others
- 9.1.5. By Country (USD Bn)
- 9.1.5.1. GCC
- 9.1.5.1.1. By Application
- 9.1.5.1.1.1. Quick Service Restaurant
- 9.1.5.1.1.2. Commercial malls & retail stores
- 9.1.5.1.1.3. Offices
- 9.1.5.1.1.4. Public Transport
- 9.1.5.1.1.5. Shopping Centers
- 9.1.5.1.1.6. Others
- 9.1.5.2. South Africa
- 9.1.5.2.1. By Application
- 9.1.5.2.1.1. Quick Service Restaurant
- 9.1.5.2.1.2. Commercial malls & retail stores
- 9.1.5.2.1.3. Offices
- 9.1.5.2.1.4. Public Transport
- 9.1.5.2.1.5. Shopping Centers
- 9.1.5.2.1.6. Others
- 9.1.5.3. Rest of Middle East and Africa
- 10. Latin America Intelligent Vending Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 10.1.
- 10.1.1. Key Findings
- 10.1.2. By Machine Type (USD Bn)
- 10.1.2.1. Free-Standing Vending Machines
- 10.1.2.2. Wall-Mounted Vending Machines
- 10.1.3. By Product Type (USD Bn)
- 10.1.3.1. Food & Beverages
- 10.1.3.2. Snacks
- 10.1.3.3. Tobacco
- 10.1.3.4. Confections
- 10.1.3.5. Others
- 10.1.4. By Application (USD Bn)
- 10.1.4.1. Quick Service Restaurant
- 10.1.4.2. Commercial malls & retail stores
- 10.1.4.3. Offices
- 10.1.4.4. Public Transport
- 10.1.4.5. Shopping Centers
- 10.1.4.6. Others
- 10.1.5. By Country (USD Bn)
- 10.1.5.1. Brazil
- 10.1.5.1.1. By Application
- 10.1.5.1.1.1. Quick Service Restaurant
- 10.1.5.1.1.2. Commercial malls & retail stores
- 10.1.5.1.1.3. Offices
- 10.1.5.1.1.4. Public Transport
- 10.1.5.1.1.5. Shopping Centers
- 10.1.5.1.1.6. Others
- 10.1.5.2. Mexico
- 10.1.5.2.1. By Application
- 10.1.5.2.1.1. Quick Service Restaurant
- 10.1.5.2.1.2. Commercial malls & retail stores
- 10.1.5.2.1.3. Offices
- 10.1.5.2.1.4. Public Transport
- 10.1.5.2.1.5. Shopping Centers
- 10.1.5.2.1.6. Others
- 10.1.5.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Azkoyen Group
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Crane Co.
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. FAS INTERNATIONAL S.R.L
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Fuji Electric Co., Ltd.
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Royal Vendors, Inc.
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Sanden Holdings Corporation
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Rhea Vendors Group Spa
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. Seaga
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Jofemar Corporation
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Sielaff GmbH & Co
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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