Global Connected Vending Machines Market Growth 2023-2029

Global Connected Vending Machines Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Connected Vending Machines Industry Forecast” looks at past sales and reviews total world Connected Vending Machines sales in 2022, providing a comprehensive analysis by region and market sector of projected Connected Vending Machines sales for 2023 through 2029. With Connected Vending Machines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Connected Vending Machines industry.

This Insight Report provides a comprehensive analysis of the global Connected Vending Machines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Connected Vending Machines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Connected Vending Machines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Connected Vending Machines and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Connected Vending Machines.

The global Connected Vending Machines market size is projected to grow from US$ 888.8 million in 2022 to US$ 1501.7 million in 2029; it is expected to grow at a CAGR of 1501.7 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Connected Vending Machines market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Beverage

Commodity

Food

Others

Segmentation by application

Airport

Railway Station

School

Business Center

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Connected Vending Machines market?

What factors are driving Connected Vending Machines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Connected Vending Machines market opportunities vary by end market size?

How does Connected Vending Machines break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.