Vending Machines Market

Vending Machine Sales on Recovery Path, as Revenues Set to Grow at 5.7% CAGR

Global vending machines market revenues are expected to grow at a robust 5.7% CAGR between 2021 and 2031, reaching a value of US$ 12.57 Bn in 2021. 

As per Fact.MR analysis, key vending machine manufacturers are focusing on increasing their market share. Mergers & acquisitions, R&D, and strategic initiatives remain key focus areas.

For instance, in May 2020, Selecta announced the launch of a range of convenient hygiene and safety solutions for public and private vending. 

This is the company’s response to the COVID-19 crisis in order to help customers and consumers feel safe as lockdown measures begin to ease in Europe. 

Select offers a wide range of products from hygiene kits to sanitizing dispensers and vending machines offering safety products. The company has introduced flexible solutions to cater to different needs.

In addition to these products, the company is also offering protective equipment, such as face masks, hand sanitizers, and disinfectant wipes, in its smart vending machines.

Keep covid norms in mind, contactless payment options are available to make it convenient and easy to make a purchase. 

The Fact.MR analysis shows that top 5 players (Crane Merchandising System, The Vendo Group, Selecta TMP AG, Fuji Electric and Azkoyen Group) account for nearly 23% share in the market.

Globally, the key exporters of the vending machines include Italy, China, U.S., Spain, and Germany.

Vending Machines Market Size and Outlook:

The retail sector is supply driven and this is a good time for large-scale grocers to re-evaluate their long term strategies. The world continues to be startled by the speed of technology.

As manufacturers foray into the retail sector, the vending machine market is showing tremendous scope.

Projected to be valued at US$ 12 Bn in 2020, the vending machine market is set to grow at a posiitve 6% during the forecast period.

The pandemic is expected to have an adversarial impact on sales with stringent lockdowns and reduced footfalls at malls and retail outlets.

Shutting down of production facilities will further dampen demand for vending machines in the first few quarters of 2020.

However, stringent social distancing protocols in the aftermath and rising preference for automated systems is expected to benefit global sales in long-term.

Analysis by Application

Whilst the market has shown myriad trends over the last few years, a significant uptick in demand from the commercial sector has catalyzed the growth of the market.

Commercial applications of vending machines include corporate offices, shopping malls & retail stores.

Corporate offices, which account for nearly one third share are expected to show prominent growth during the forecast.

Shopping malls & retail stores on the other hand will show the fastest growth, at a steady CAGR of nearly 5% during the forecast period.

Analysis by Region

East Asia is estimated to account for more than 30% share in the market.

High usage and adoption of newer technologies in countries such as Japan has led to this region’s dominance in the market.

Also, leading vending machine companies are strategically working on increasing their penetration in China. This move is expected to increase value proposition in the East Asia market.

The region is anticipated to present high returns on short-term investments, and is projected to be a cash cow for key stakeholders in the long term forecast.

Vending Machines Manufacturers: Competitive Strategies

The market is fragmented with top players accounting for one fourth of the revenue share in the market.

Rapid expansion of the top players in foreign markets is expected to pave way for consolidation of the market.

Key players in the market like Fuji Electric, Selecta TMP AG, The Vendo Group and Crane Merchandising Systems have been expanding their reach in the market to herald an era of true transformation in the retail-customer arena.

Many have already started to strategize on expansion into other adjacencies such as healthcare and wellness items especially now at the height of the pandemic.

COVID-19 Market Insights:

The Covid-19 pandemic has adversely impacted the consumer goods industry with national and regional lockdowns disrupting production and supply chains.

The effect on food and beverage firms will be complex, affecting both the demand and supply equations.

And unlike other sectors, a change in consumer habits have led to increased demand for several categories of consumer goods as well as shifting brand preferences.

At the same time, manufacturers are determining how best to tackle possible disruptions to the supply chain and capacity constraints that may prevent them from meeting evolving customer needs.

The landscape in particular also faced the impact of the Covid-19 crisis as demand was observed to dip in February and March compared to the demand in 2019 during those months.

Analyst’s Viewpoint:

The global vending machines market is poised to grow positively during the forecast period. Investments by leading players in differentiated offerings is expected to be highly supplemental to this growth.

Scope of the Report:

The recent report by Fact.MR offers a 10-year forecast from 2020 to 2030.

The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the market.

A detailed segmental analysis, based on vending type and use case, has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global market.

In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the market.

Report Summary and Scope

Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in the market across the globe.

A comprehensive estimate on the market has also been made accessible by the experts.

They have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of vending machines during the forecast period.

Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.

Analysis on Market Size Evaluation

Predictions of the market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at the regional and global scale for vending machines are available in terms of “US$ Mn.”

A Y-o-Y growth contrast on prominent market segments, along with the market attractiveness valuation computes understandings brought in the report.

Metrics mentioned above are also followed based on vending products where vending machines witness a steady demand.

Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report on vending machines market, which delivers projection on the regional markets.

These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of vending machines market during period of forecast.

Country-specific valuation on demand for vending machines has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries.

For all regional markets Y-o-Y growth estimates have also been incorporated in the report.

In-depth Analysis on Competitive Landscape

The report ends with a section on the competition scenario of the market, along with the profiles of major companies contributing to the market expansion.

Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of vending machines, has been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.

Impact of Covid-19

The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020.

The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario.

Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves.

Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.

Segmentation

Fact.MR’s study has done the segmentation of the market on the basis of vending type, use case, and region.

• Vending Type

  • Beverages Vending
  • Food Products Vending
  • Confectionery Products Vending
  • Others Products Vending

• Use Case

  • Corporate offices
  • Shopping Malls and Retail Stores
  • Educational Institutions
  • Hotels & Restaurants
  • Others

• Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

The market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study.

The study promotes crucial trends that are presently determining the growth of the market.

This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of vending machines market, in turn generating worthwhile opportunities for key companies.

The study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of the market.

The report primarily conveys a summary of the market, considering present and upcoming consumer goods industry scenarios.

This reveals striking sides relating to the acceptance of vending machines across prominent regional markets.

A detailed assessment on few of vending machines raw material suppliers accessible in the report allows the report readers to obtain detailed findings.

These findings resulted from vending machines supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report.

A list of prominent companies functioning in the market provided in the report enhances reliability of this ample research study.