FEATURED COMPANIES
- Azkoyen Group
- Evoca Group
- Fuji Electric
- Godrej Vending
- Royal Vendors
- Sanden
The future of the intelligent vending machine market looks promising with opportunities in the office, community buildings, retail stores, and restaurants. The intelligent vending machine (IVM) market is expected to reach an estimated $26.8 billion by 2024 with a CAGR of 28.2% from 2019 to 2024. The major drivers for this market are increasing adoption of the vending machine to enhance the customer shopping experience and growing demand for advance vending machine with inventory & transaction management and digital advertising features.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced technologies, such as smartphone interaction with facial, gesture, and voice control system and usage of data analytics for enhanced customer experience. Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors are the major intelligent vending machine manufacturers.
The study includes the intelligent vending machine market size and forecast for the intelligent vending machine market through 2024, segmented by application type, end-use industry type, height type, and the region as follows:
IVM Market by Application Type [$M shipment analysis from 2013 to 2024]:
- Beverages
- Candy/Snack
- Food
- Others
IVM Market by End-Use Industry Type [$M shipment analysis from 2013 to 2024]:
- Offices
- Community Buildings
- Restaurants
- Retail Stores
- Others
IVM Market by Height [$M shipment analysis from 2013 to 2024]:
- 65-75 Inches
- 25-35 Inches
IVM Market by Region [$M shipment analysis from 2013 to 2024]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- The United Kingdom
- France
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
- Brazil
- Argentina
Some of the intelligent vending machine companies profiled in this report include Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors and others.
The analyst forecasts that the beverages will remain the largest segment due to increasing demand for various beverages such as cold drinks, alcohol, juices and energy drinks. The analyst predicts that food is expected to witness the highest growth over the forecast period due to increasing demand for easily accessible and ready to eat food products.
Within the intelligent vending machine market, offices will remain the largest end-use due to increasing installation of IVM for employee refreshment. Retail store is expected to witness the highest growth over the forecast period due to increasing demand for an intelligent vending machine for fast and easy operations within the retail stores.
North America will remain the largest region due to increasing adoption of self-service technology and the emergence of new business models. APAC is expected to witness the highest growth over the forecast period as these machines are becoming major distribution channels for fast-moving consumer goods.
Some of the features of “Intelligent Vending Machine Report: Trends, Forecast, and Competitive Analysis” include:
- Market size estimates: Intelligent vending machine market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end-use industry.
- Segmentation analysis: Intelligent vending machine market size by end-use type, height type, and application in terms of value shipment.
- Regional analysis: Intelligent vending machine market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis of growth opportunities in different applications and regions of an intelligent vending machine in the intelligent vending machine market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of intelligent vending machine in the intelligent vending machine market.
- Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the IVM market by application (Beverages, candy/snack, food, and others), by end-use (Office, community buildings, restaurants, retail stores, and others), by height (65-75 Inches, and 25-35 Inches) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this intelligent vending machine market?
Q.5. What are the business risks and competitive threats in this intelligent vending machine market?
Q.6. What are the emerging trends in this intelligent vending machine market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the intelligent vending machine market?
Q.8. What are the new developments in the intelligent vending machine market? Which companies are leading these developments?
Q.9. Who are the major players in this intelligent vending machine market? What strategic initiatives are key players pursuing business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of intelligent vending machine market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the intelligent vending machine industry?
FEATURED COMPANIES
- Azkoyen Group
- Evoca Group
- Fuji Electric
- Godrej Vending
- Royal Vendors
- Sanden
1. Executive Summary
*Full List of Tables and Figures Available on Enquiry.
- Azkoyen Group
- Bianchi Vending Group S.p.A
- Crane Merchandising Systems
- Evoca Group
- Fuji Electric
- Godrej Vending
- Royal Vendors
- Sanden
- Seaga
- Selecta Group
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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