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Vending Machines - Global Strategic Business Report

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    Report

  • 494 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338688

Global Vending Machines Market to Reach $30.8 Billion by 2030

The global market for Vending Machines estimated at US$25.7 Billion in the year 2022, is projected to reach a revised size of US$30.8 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2022-2030. Beverage, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$19 Billion by the end of the analysis period. Growth in the Food segment is estimated at 1.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.5 Billion, While China is Forecast to Grow at 5.7% CAGR

The Vending Machines market in the U.S. is estimated at US$8.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 1.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Select Competitors (Total 94 Featured)

  • AutoCrib, Inc.
  • Azkoyen Group
  • Bianchi Industry S.p.A.
  • Crane Co.
  • FastCorp Vending LLC
  • Fastenal Company
  • Fuji Electric Co., Ltd.
  • Glory Ltd.
  • Invenda Group AG
  • Jofemar Corp.
  • Royal Vendors, Inc.
  • Sanden Holdings Corp.
  • Seaga Manufacturing, Inc.
  • Selecta AG
  • Westomatic Vending Services Ltd.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Vending Machines Market

What is the estimated value of the Vending Machines Market?

The Vending Machines Market was estimated to be valued at $25.7 Billion in 2022.

What is the growth rate of the Vending Machines Market?

The growth rate of the Vending Machines Market is 2.3%, with an estimated value of $30.8 Billion by 2030.

What is the forecasted size of the Vending Machines Market?

The Vending Machines Market is estimated to be worth $30.8 Billion by 2030.

Who are the key companies in the Vending Machines Market?

Key companies in the Vending Machines Market include AutoCrib, Inc., Azkoyen Group, Bianchi Industry S.p.A., Crane Co., FastCorp Vending LLC, Fastenal Company, Fuji Electric Co., Ltd., Glory Ltd., Invenda Group AG and Jofemar Corp..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Competition
  • Vending Machines - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Against the Backdrop of the Rise of Self-Service Technologies, V-Commerce is Here to Stay
  • Growing Popularity of the Concept of Self Service Technology to Benefit Investments in Vending Machines: Global Self Service Technology Market (In US$ Billion) for Years 2022, 2024, 2026 and 2028
  • Global Economic Update
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Vending Machines: Overview, Types, & Market Structure
  • World Brands
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Led by Growing Population & Nutrition Needs, Global Food Industry Offers Broad Based Opportunities for Vending Machines in Chilled & Frozen Foods Retailing
  • Growing Population Pushes up Demand for Food and Beverage Products, Opening Up Parallel Opportunities for Vending Machine Retailing: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Strong Consumer Demand for Frozen Foods to Spur Sales of Frozen Food Vending Machines: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
  • Meat Vending Machines Make Their Appearance Against the Backdrop of Growing Meat Consumption
  • Robust Demand for Protein Rich Diets to Drive Demand for Meat Vending Machines: Global Average Per Capita Consumption of Meat & Seafood (In Kgs) for Years 2020, 2022, 2024 & 2026
  • Focus on Sustainability & Building a Circular Economy Drives the Popularity of Reverse Vending Machine (RVM)
  • As Recycling Efforts Gain Momentum, Reverse Vending Machines Become a Key Link in the Waste Material Recovery Process in the Retail Sector: Global Market for Recycling Services (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
  • Technology Innovations Continue to Remain Crucial to Market Growth & Expansion
  • Robust Growth Opportunities in Store for OCS & Micro Market Vending
  • Epidemic Rise in Obesity & Diabetes Drives Focus on Healthy Food Vending
  • Pressure to Reduce Carbon Footprint Fuels Demand for Energy Efficient Vending Machines
  • Intelligent Vending Machines Set to Post Impressive Growth
  • AI Powered Vending Machines Storms Into the Spotlight
  • IoT Revolutionizes Vending Machines
  • Here’s How Blockchain is Impacting Vending Machines
  • Piggybacking on the Self-Service Trend, Laundromats/Coin Operated Laundry Machines Become Popular
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Vending Machines Market Analysis of Annual Sales in US$ Million for Years 2017 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Vending Machines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Vending Machines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 4: World 13-Year Perspective for Vending Machines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 7: World 13-Year Perspective for Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 10: World 13-Year Perspective for Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 13: World 13-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Standalone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Standalone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 16: World 13-Year Perspective for Standalone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 19: World 13-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Hotels & Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Hotels & Restaurants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 22: World 13-Year Perspective for Hotels & Restaurants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Corporate Offices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Corporate Offices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 25: World 13-Year Perspective for Corporate Offices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Public Places by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Public Places by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 28: World 13-Year Perspective for Public Places by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 31: World 13-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Vending Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Vending Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Vending Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AutoCrib, Inc.
  • Azkoyen Group
  • Bianchi Industry S.p.A.
  • Crane Co.
  • FastCorp Vending LLC
  • Fastenal Company
  • Fuji Electric Co., Ltd.
  • Glory Ltd.
  • Invenda Group AG
  • Jofemar Corp.
  • Royal Vendors, Inc.
  • Sanden Holdings Corp.
  • Seaga Manufacturing, Inc.
  • Selecta AG
  • Westomatic Vending Services Ltd.