Vending Machine Market Size, Trends, and Insights By Type (Tobacco Vending Machine, Food Vending Machine, Beverages Vending Machine, Others), By Application (Hotels & Restaurants, Public Places, Corporate Offices, Others), By Technology (Smart Machine, Automatic Machine, Semi-Automatic Machine), By Distribution Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | North America |
| Largest Market: | Europe |
Major Players
- Sandenvendo America Inc.
- Azkoyen Group
- Selecta TMP AG
- Crane Merchandising Systems
- Fuji Electric Co. Ltd
- Royal Vendors Inc.
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Vending Machine Market size was estimated at USD 17 Billion in 2021 and is expected to reach USD 18.22 billion in 2022 and is expected to hit around USD 28 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2030.
Our research report offers a 360-degree view of the Vending Machine market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Vending Machine market.
- In exchange for money or tokens, a vending machine can dispense goods, including processed food, drinks, and tobacco items. Dispensing is a fully automated process that spares humans considerable time by requiring no human labor. These devices are frequently seen in cities because life moves at such a quick pace there.
- Vending machines engage users with touch-screen controls, video, music, aroma, gesture-based engagement, cashless payment, and delivering goods. Additionally, these products have several uses in motels, restaurants, businesses, and other public areas. Improvements and innovations in vending machines are driving the rise of the global vending machine market. Target consumers’ increased desire for vending machines allows manufacturers to implement innovations, which is anticipated to boost the expansion of the global vending machine market.
- One of the key factors influencing the growth of the vending machine industry is the phenomenal growth of the packaged drinks sector. The key factor driving the rise of the global market is consumers’ increased demand for packaged and ready-to-drink beverages. Vending machines have been put in hotels and restaurants to draw customers and offer more services to visitors by efficiently selling goods. It is believed that these vending machine installations, among other places, will help the vending machine market grow internationally. The instant service and variety of goods that vending machines offer to draw customers fuel the growth of the global market.
- Vending machines provide contactless payment methods, such as smartphone payment systems, which aid in market expansion. Expensive initial installation expenses constrain the global vending machine market.
Report Scope
The global Vending Machine market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
The scope of the study includes market sizing and forecast for segmentation by type, application, technology, distribution channel, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 17 Billion |
| Projected Market Size in 2030 | USD 28 Billion |
| Market Size in 2022 | USD 18.22 Billion |
| CAGR Growth Rate | 7% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application, Technology, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Market Dynamics
- Vending machines are a practical option for customers looking to buy food and beverages due to their portability and quick delivery. Due to customers’ busy lifestyles, urbanization, and other related consumer behaviors, the need for quickly available food has risen in recent years. As a result, the demand for vending machines has substantially increased, especially in offices, retail establishments, and public spaces. Vending machines sell non-food items like toiletries, stamps, newspapers, tickets, and other little things. The demand for vending machines has also grown as they offer more digital payment and cashless options than conventional cash purchases.
- Manufacturers are creating and releasing vending machines (IoT) using the Internet of Things. As a result, it is now possible to gather real-time data and implement an end-to-end IoT solution for better machine monitoring. As a result, gathering consumer experience and expectation data and providing consumers with a better purchase experience is now simpler. The industry now offers more up-to-date mobile solutions to changing customer behavior as a result of ongoing innovation and technical improvements. Additionally, improvements like speech recognition, interactive displays, and big data integration have made vending machines more practical and user-friendly for consumers, which has positively impacted vending machine demand.
- Companies must provide more creative solutions that expand shopping beyond the usual retail site since modern consumers expect a convenient and personalized purchasing experience. Wireless technologies make it easier for retailers to conduct transactions anywhere. Therefore, they are driven to adopt the Internet of Things (IoT) to increase customer satisfaction while increasing revenues and lowering overall costs. Vending machine operators can more effectively respond to consumer demand and boost operational efficiency thanks to IoT. In addition, it has simplified and improved the management of vending machines.
- IoT-based vending machines, for example, use real-time data to connect with consumers, engage with them, and adjust pricing to maximize profits. They also beef up machine security to prevent product theft and tampering, track temperatures, and keep an eye on other factors to ensure the safety of perishable food items. Vending machines offer opportunities for retail business expansion due to these useful advantages.
The Beverage Vending Machine Dominated the Vending Machine Market in 2021
- Based on type, the beverage vending machine is anticipated to account for the largest share. An electronic machine that dispenses different beverages, such as soda, coffee, water, and others, is known as a beverage vending machine. This market’s expansion is fueled by the growing demand for coffee and energy drinks across numerous industries. In addition to coffee, tea, or chocolate, beverage vending machines include diet soda, energy drinks, lemonade, flavored beverages, vitamin water, and water bottles.
- Beverage vending machines are used in a variety of locations around the world, including hotels and restaurants, workplaces, and supermarkets.
- Additionally, industrialized countries are seeing an increase in demand for the product. The enormous growth of the beverage sector is the key factor propelling the market for beverage vending machines.
- Over the course of the forecast period, the use and acceptance of these devices will encourage innovation in the industry and grow the worldwide vending machine market.
Competitive Landscape
Operators are using a variety of strategies to increase profits, including being in the ideal location with the correct products, buying in bulk, investing in smart vending machines to learn more about their customers, and other methods. For instance, hot food and sandwich vending machines may do well in office settings, academic institutions, and schools, while hot beverages like coffee, tea, and hot chocolate are in high demand in the majority of public places. Players in the industry compete fiercely with one another because some of them have enormous customer bases and operate in multiple places. Increased competitiveness is also a result of the abundance of small-scale competitors.
- 2022: The Dalit Indian Chamber of Commerce and Industries teamed up with the Small Industries Development Bank of India for the installation of 1,000 plastic reverse vending machines as part of the CSR project to reduce carbon footprint (RVMSs). Under the “Swachh Delhi, Swavalambi Delhi” program, the launch was announced. As many public locations as possible, including malls, metro stations, and parks, will have RVMs installed.
- 2021: At the University of Miami, Coca-Cola Beverages Florida and Coca-Cola Co. partnered to introduce a new reverse vending machine (RVM). The materials are then collected, processed, and made ready for reuse after being crushed and sorted by type. The procedure, which supports Coca-World Cola’s Without Waste effort to recycle every bottle or can sold by 2030, ultimately lowers carbon emissions throughout the supply chain.
Prominent Players:
- Sandenvendo America Inc.
- Azkoyen Group
- Selecta TMP AG
- Crane Merchandising Systems
- Fuji Electric Co. Ltd
- Royal Vendors Inc.
- Fastcorp Vending LLC
- Seaga Manufacturing Inc
- Jofemar Corporation.
- Bianchi Industry
- Others
The global Vending Machine market is segmented as follows:
By Type
- Tobacco Vending Machine
- Food Vending Machine
- Beverages Vending Machine
- Others
By Application
- Hotels & Restaurants
- Public Places
- Corporate Offices
- Others
By Technology
- Smart Machine
- Automatic Machine
- Semi-Automatic Machine
By Distribution Channel
- Online
- Offline
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Vending Machines Market, (2022 – 2030) (USD Billion)
- 2.2 Global Vending Machines Market : snapshot
- Chapter 3. Global Vending Machines Market – Industry Analysis
- 3.1 Vending Machines Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increased use of self-service technology across many industries
- 3.2.2 Increasing demand for Internet of Things and cloud computing-enabled industrial vending machines.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Technology
- 3.7.4 Market attractiveness analysis By Distribution Channel
- Chapter 4. Global Vending Machines Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Vending Machines Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Vending Machines Market – Type Analysis
- 5.1 Global Vending Machines Market overview: By Type
- 5.1.1 Global Vending Machines Market share, By Type, 2021 and 2030
- 5.2 Tobacco Vending Machine
- 5.2.1 Global Vending Machines Market by Tobacco Vending Machine, 2022 – 2030 (USD Billion)
- 5.3 Food Vending Machine
- 5.3.1 Global Vending Machines Market by Food Vending Machine, 2022 – 2030 (USD Billion)
- 5.4 Beverages Vending Machine
- 5.4.1 Global Vending Machines Market by Beverages Vending Machine, 2022 – 2030 (USD Billion)
- 5.5 Others
- 5.5.1 Global Vending Machines Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Vending Machines Market overview: By Type
- Chapter 6. Global Vending Machines Market – Application Analysis
- 6.1 Global Vending Machines Market overview: By Application
- 6.1.1 Global Vending Machines Market share, By Application, 2021 and 2030
- 6.2 Hotels & Restaurants
- 6.2.1 Global Vending Machines Market by Hotels & Restaurants, 2022 – 2030 (USD Billion)
- 6.3 Public Places
- 6.3.1 Global Vending Machines Market by Public Places, 2022 – 2030 (USD Billion)
- 6.4 Corporate Offices
- 6.4.1 Global Vending Machines Market by Corporate Offices, 2022 – 2030 (USD Billion)
- 6.5 Others
- 6.5.1 Global Vending Machines Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Vending Machines Market overview: By Application
- Chapter 7. Global Vending Machines Market – Technology Analysis
- 7.1 Global Vending Machines Market overview: By Technology
- 7.1.1 Global Vending Machines Market share, By Technology, 2021 and 2030
- 7.2 Smart Machine
- 7.2.1 Global Vending Machines Market by Smart Machine, 2022 – 2030 (USD Billion)
- 7.3 Automatic Machine
- 7.3.1 Global Vending Machines Market by Automatic Machine, 2022 – 2030 (USD Billion)
- 7.4 Semi-Automatic Machine
- 7.4.1 Global Vending Machines Market by Semi-Automatic Machine, 2022 – 2030 (USD Billion)
- 7.1 Global Vending Machines Market overview: By Technology
- Chapter 8. Global Vending Machines Market – Distribution Channel Analysis
- 8.1 Global Vending Machines Market overview: By Distribution Channel
- 8.1.1 Global Vending Machines Market share, By Distribution Channel, 2021 and 2030
- 8.2 Online
- 8.2.1 Global Vending Machines Market by Online, 2022 – 2030 (USD Billion)
- 8.3 Offline
- 8.3.1 Global Vending Machines Market by Offline, 2022 – 2030 (USD Billion)
- 8.1 Global Vending Machines Market overview: By Distribution Channel
- Chapter 9. Vending Machine Market – Regional Analysis
- 9.1 Global Vending Machine Market Regional Overview
- 9.2 Global Vending Machine Market Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Vending Machine Market, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.4 North America Vending Machine Market, by Type, 2022 – 2030
- 9.4.1 North America Vending Machine Market, by Type, 2022 – 2030 (USD Billion)
- 9.5 North America Vending Machine Market, by Application, 2022 – 2030
- 9.5.1 North America Vending Machine Market, by Application, 2022 – 2030 (USD Billion)
- 9.6 North America Vending Machine Market, by Technology, 2022 – 2030
- 9.6.1 North America Vending Machine Market, by Technology, 2022 – 2030 (USD Billion)
- 9.7 North America Vending Machine Market, by Distribution Channel, 2022 – 2030
- 9.7.1 North America Vending Machine Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Vending Machine Market, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.9 Europe Vending Machine Market, by Type, 2022 – 2030
- 9.9.1 Europe Vending Machine Market, by Type, 2022 – 2030 (USD Billion)
- 9.10 Europe Vending Machine Market, by Application, 2022 – 2030
- 9.10.1 Europe Vending Machine Market, by Application, 2022 – 2030 (USD Billion)
- 9.11 Europe Vending Machine Market, by Technology, 2022 – 2030
- 9.11.1 Europe Vending Machine Market, by Technology, 2022 – 2030 (USD Billion)
- 9.12 Europe Vending Machine Market, by Distribution Channel, 2022 – 2030
- 9.12.1 Europe Vending Machine Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Vending Machine Market, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Vending Machine Market, by Type, 2022 – 2030
- 9.14.1 Asia Pacific Vending Machine Market, by Type, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Vending Machine Market, by Application, 2022 – 2030
- 9.15.1 Asia Pacific Vending Machine Market, by Application, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Vending Machine Market, by Technology, 2022 – 2030
- 9.16.1 Asia Pacific Vending Machine Market, by Technology, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Vending Machine Market, by Distribution Channel, 2022 – 2030
- 9.17.1 Asia Pacific Vending Machine Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Vending Machine Market, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.19 Latin America Vending Machine Market, by Type, 2022 – 2030
- 9.19.1 Latin America Vending Machine Market, by Type, 2022 – 2030 (USD Billion)
- 9.20 Latin America Vending Machine Market, by Application, 2022 – 2030
- 9.20.1 Latin America Vending Machine Market, by Application, 2022 – 2030 (USD Billion)
- 9.21 Latin America Vending Machine Market, by Technology, 2022 – 2030
- 9.21.1 Latin America Vending Machine Market, by Technology, 2022 – 2030 (USD Billion)
- 9.22 Latin America Vending Machine Market, by Distribution Channel, 2022 – 2030
- 9.22.1 Latin America Vending Machine Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Vending Machine Market, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Vending Machine Market, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Vending Machine Market, by Type, 2022 – 2030
- 9.24.1 The Middle-East and Africa Vending Machine Market, by Type, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Vending Machine Market, by Application, 2022 – 2030
- 9.25.1 The Middle-East and Africa Vending Machine Market, by Application, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Vending Machine Market, by Technology, 2022 – 2030
- 9.26.1 The Middle-East and Africa Vending Machine Market, by Technology, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Vending Machine Market, by Distribution Channel, 2022 – 2030
- 9.27.1 The Middle-East and Africa Vending Machine Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Sandenvendo America Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Azkoyen Group
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Selecta TMP AG
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Crane Merchandising Systems
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Fuji Electric Co. Ltd
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Royal Vendors Inc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Fastcorp Vending LLC
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Seaga Manufacturing Inc
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Jofemar Corporation.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Bianchi Industry.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.1 Sandenvendo America Inc.
List Of Figures
Figures No 1 to 31
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North America” region will lead the global Vending Machine market during the forecast period 2022 to 2030.
The key factors driving the market are increased use of self-service technology across many industries and increasing demand for Internet of Things and cloud computing-enabled industrial vending machines.
The key players operating in the Vending Machine market are Sandenvendo America Inc., Azkoyen Group, Selecta TMP AG, Crane Merchandising Systems, Fuji Electric Co. Ltd, Royal Vendors Inc., Fastcorp Vending LLC, Seaga Manufacturing Inc, Jofemar Corporation., Bianchi Industry.
The global Vending Machine market size was valued at USD 17 Billion in 2021 and it is projected to reach around USD 28 Billion by 2030.