Global Intelligent Vending Machine Market 2024-2028

Global Intelligent Vending Machine Market 2024-2028

The intelligent vending machine market is forecasted to grow by USD 27386.7 mn during 2023-2028, accelerating at a CAGR of 29.82% during the forecast period. The report on the intelligent vending machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for cashless vending machines, retail industry is game changer of intelligent vending machines, and increasing adoption of intelligent vending machines in industries.

Technavio's intelligent vending machine market is segmented as below:

By Product

• Beverage
• Food
• Tobacco

By Installation Sites

• Retail sites
• Public transport hubs
• Offices

By Geography

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

This study identifies the ability of real-time data collection through intelligent vending machines as one of the prime reasons driving the intelligent vending machine market growth during the next few years. Also, growing demand for retrofitted vending machines and product customizations will lead to sizable demand in the market.

The report on the intelligent vending machine market covers the following areas:

• Intelligent vending machine market sizing
• Intelligent vending machine market forecast
• Intelligent vending machine market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent vending machine market vendors that include Advantech Co. Ltd., Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Holdings Co., Digital Media Vending International LLC, Evoca Group, 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.. Also, the intelligent vending machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.