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The Global Vending Machine Market size is expected to reach $5.4 billion by 2023, rising at a market growth of 15.8% CAGR during the forecast period. The vending machines are portable automatic machines that dispense different products when money is inserted. Developing countries have adopted vending machines which are very convenient to use. Vending machine technology continues to provide latest advancements like face recognition systems, ID card identification to check the buying history of customers, thereby ushering an era of technologically advanced vending machines. The use of vending machines helps companies in strengthening their pricing power while improving on their operating margins. Customers also remain benefited with the right product mix offered by the companies.

Global Vending Machine Market Size

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This would help companies to increase their sales per transaction. The demand for vending machines has increased during the decade and with the introduction of cashless payment systems, the smart vending technology solutions are gaining the momentum on a large scale. Increasing urbanization and rising disposable income have fuelled the growth of vending machines. Governments of various regions restricted the use of food and beverage vending machines in many places such as schools, and colleges, thereby limiting the demand for these machines. Based on Type, the Vending Machine market segments the market into Beverages, Snacks, Gumball & Candy, and Specialized. Based on Solution, the market report segments the market into Managed Services and Deployment.

Global Vending Machine Market Share

Based on End User, the Vending Machine market segments the market into QSR, shopping malls, & Retail Stores, Offices, Public Transport, and Others. Based on Regions, the Vending Machine market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the analysis of key stake holders of the Global Vending Machine Market. Key companies profiled in the report include Azkoyen Group, Compass Group, Plc, Aramark Corporation, Bianchi Vending Group S.p.A., Honeywell International, Inc., Hitachi, Ltd., Fujitsu Limited, Fuji Electric Co. Ltd., Glory, Ltd., and IBM Corporation.

Global Vending Machine Market Size Segmentation

By Type

Beverages

Snacks

Gumball & Candy

Specialized

By Solution

Managed Services

Deployment

By End User

QSR, shopping malls, & Retail Stores

Offices

Public Transport

Others

By Geography

North America Vending Machine Market Size US Vending Machine Market Size Canada Vending Machine Market Size Mexico Vending Machine Market Size Rest of Global Vending Machine Market Size

Europe Vending Machine Market Germany Vending Machine Market UK Vending Machine Market France Vending Machine Market Russia Vending Machine Market Spain Vending Machine Market Italy Vending Machine Market Rest of Europe Vending Machine Market

Asia Pacific Vending Machine Market China Vending Machine Market Japan Vending Machine Market India Vending Machine Market South Korea Vending Machine Market Singapore Vending Machine Market Malaysia Vending Machine Market Rest of Asia Pacific Vending Machine Market

LAMEA Vending Machine Market Brazil Vending Machine Market Argentina Vending Machine Market UAE Vending Machine Market Saudi Arabia Vending Machine Market South Africa Vending Machine Market Nigeria Vending Machine Market Rest of LAMEA Vending Machine Market



Companies Profiled

Azkoyen Group

Compass Group, Plc.

Aramark Corporation

Bianchi Vending Group S.p.A.

Honeywell International, Inc.

Hitachi, Ltd.

Fujitsu Limited

Fuji Electric Co. Ltd.

Glory, Ltd.

IBM Corporation

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Vending Machine Market Related Reports:

North America Vending Machine Market (2017-2023)

Europe Vending Machine Market (2017-2023)

Asia Pacific Vending Machine Market (2017-2023)

LAMEA Vending Machine Market (2017-2023)