VALIDATED EXECUTIVE ENGAGEMENTS
POOL + OUTREACH
4716
Number of executives repeatedly engaged by snail & email outreach
INTERACTIONS
849
Interactions with Platform & by Email
PARTICIPANTS
141
Unique # Participated
VALIDATIONS
63
Responses Validated*
* Login to view program details and full enterprise executive list.
DATE
JULY 2020
TABLES
111
PAGES
257
EDITION
18
PRICE
USD $5600
The World of Vending Machines is Changing Fast!
It's Time to Identify Upcoming Revenue Pockets & Growth Areas.
COVID-19 IMPACT SURVEY
GLOBAL EXECUTIVE SURVEY
Impact of Pandemic & Economic Slowdown
Monitor Market Dynamics!
Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.
Amid the COVID-19 crisis, the global market for Vending Machines estimated at US$134.4 Billion in the year 2020, is projected to reach a revised size of US$146.6 Billion by 2027, growing at a CAGR of 1.3% over the analysis period 2020-2027. Beverage, one of the segments analyzed in the report, is projected to record a 1.7% CAGR and reach US$88.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food segment is readjusted to a revised 1% CAGR for the next 7-year period.
The Vending Machines market in the U.S. is estimated at US$36.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.7 Billion by the year 2027 trailing a CAGR of 2.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.1% and 1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.3% CAGR.
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 0% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$25 Billion in the year 2020 will reach a projected size of US$25.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$19.1 Billion by the year 2027, while Latin America will expand at a 0.8% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 257-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Acer Inc.; AOC International; Apple Inc.; ASUSTeK Computer Inc.; BenQ Corporation; Chuntex Electronics Co. Ltd.; Dell Inc.; Eizo Corporation; Gechic Corporation; Hannspree Europe Holdings B.V.; Hewlett-Packard Development Company L.P.; iiyama Corporation; Koninklijke Philips N.V.; Lenovo; LG Display Co. Ltd.; LG Electronics; NEC Display Solutions; Planar Systems Inc.; Qisda Corporation; Samsung Electronics Co., Ltd.; Tatung Company; TPV Technology Limited; ViewSonic Corporation Inc.
» Product Type (Beverage, Food, Other Product Types)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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05
| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| A Prelude |
| Recent Market Activity |
| The Era of V-Commerce is Here to Stay |
| Future of Vending Machines |
| Market Structure: An Overview |
| Market Outlook |
| North America Represents Strong Market for Vending Machines |
| European Market Attains Maturity |
| Developing Countries to Turbocharge Global Growth |
| Technological Advancements Drive Vending Machine Industry |
| Micro-Market Vending: Revolutionizing the Concept of Convenience & Variety in Product Choice |
| Advanced Solutions Facilitating Intelligent Vending Machine Foundation |
| Expanding Middle Class Population in Developing Countries: A Key Growth Driver |
| Global Competitor Market Shares |
| Vending Machines Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| Azkoyen Group (Spain) |
| Crane Co. (USA) |
| Crane Merchandising Systems Ltd. (UK) |
| Fuji Electric Co., Ltd. (Japan) |
| Glory Ltd. (Japan) |
| Maas International Group (The Netherlands) |
| Royal Vendors, Inc. (USA) |
| Sanden Holdings Corp. (Japan) |
| SandenVendo America, Inc. (USA) |
| Seaga Manufacturing, Inc. (USA) |
| Vendors Exchange International (USA) |
| Westomatic Vending Services Ltd. (UK) |
| 3. MARKET TRENDS & DRIVERS |
| Select Key Trends in the Vending Machine Industry |
| Mobile Payments |
| Micro Markets |
| Wi-Fi Enabled Vending Machines |
| Telemetry |
| Consolidation |
| Customization – A Marketing Gimmick |
| Data Analytics |
| Opportunities Await for OCS and Micro Market Food |
| Advancements in Vending Technology Spearheads Market Growth |
| Going Cashless |
| Intelligent Vending Machines: Marking an Era of Innovations |
| Developed Markets: Early Adopters of Intelligent Vending |
| Wireless Vending Machines Witness Robust Growth at the Expense of Cash Only Machines |
| Growing Interest in Use of CO2 Machines in Vending Industry |
| SandenVendo’s Innovative Machines |
| Issues in Adoption of Natural Refrigerants |
| New Expansion Valve |
| Favorable Trends in Food Consumption Bodes Well for Vending Market |
| Growing Retail Sector Sets Stage for Food and Beverages Vending Machine Market |
| Healthy Vending Machines: The New Frontier for Future Growth |
| Organic Foods Drives the Popularity of Healthy Vending Machines |
| Demand for Healthy Foods to Drive Fresh Food Vending Machines Market |
| Fresh Food Vending: A Lucrative Merchandizing Opportunity |
| Healthful Snacking Trends Spur Demand for Snack Vending Machines |
| Strong Demand for Beverages Spurs Growth of Beverage Vending Machines |
| Concerns Over Sugary Carbonated Drinks Spurs Demand for Hot Beverage Vending Machines |
| Automatic Merchandising of Non-Food Products to Witness Strong Demand |
| Micro Markets: An Extension of Traditional Vending Machines |
| Vending Machines - Great Potential and Opportunities |
| Spiraling Energy Prices Fuels Demand for Energy Efficient Vending Machines |
| Right Locations: Key to Revenue Growth |
| Micro Markets Enjoy Higher Popularity over Standalone Vending Machines |
| Enhanced Product Variety |
| Lower Service Costs |
| Multiple Payment Options |
| Fewer Regulatory Issues |
| Challenges |
| 24-Hour Supermarkets: A Threat to Vending Machines |
| Vandalism: A Major Challenge |
| Lack of Customization |
| Cigarette Vending Machines Come Under the Regulatory Scanner |
| Regulation on Sale of Tobacco Products through Vending Machines by Select Country |
| Vending Machines: Evolution of Technology Over the Years |
| Introduction of Coin Operated Vending Machines 38 The Automated Era |
| Technological Innovations Boost Growth of Vending Machine Industry |
| Using Technology to Reduce Costs |
| Employing Cashless Payment Technology |
| Micro Markets Boosting Bottom Line Growth 40 Cloud and AI for Smarter Vending |
| Bidvest Foodservice to Launch Ooft Vending Machine |
| Innovative Approach Transforms Vending Machine Industry |
| Jabil and Intel to Supply Reference Designs for Smart Vending |
| Select Innovative and Unique Vending Machines |
| Select Technologies that Changed Vending Experience |
| Technological Developments – Snippets |
| 4. GLOBAL MARKET PERSPECTIVE |
| Vending Machines Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Vending Machines Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017 |
| Vending Machines Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Beverage (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025 |
| Beverage (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017 |
| Beverage (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Food (Product Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 |
| Food (Product Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017 |
| Food (Product Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025 |
| Other Product Types (Product Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025 |
| Other Product Types (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017 |
| Other Product Types (Product Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Vending Machines Market Share (in %) by Company: 2020 & 2025 |
| United States Vending Machines Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Vending Machines Market in the United States by Product Type: A Historic Review in US$ Million for 2009-2017 |
| United States Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Canadian Vending Machines Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Vending Machines Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Japan |
| Japanese Market for Vending Machines: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Market in Japan: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Japanese Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| China |
| Chinese Vending Machines Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Historic Market Analysis in China in US$ Million by Product Type: 2009-2017 |
| Chinese Vending Machines Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Europe |
| Market Facts & Figures |
| European Vending Machines Market: Competitor Market Share Scenario (in %) for 2020 & 2025 |
| European Vending Machines Market Demand Scenario in US$ Million by Region/Country: 2018-2025 |
| Vending Machines Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017 |
| European Vending Machines Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Vending Machines Market in Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| European Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| France |
| Vending Machines Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| French Vending Machines Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| French Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Germany |
| Vending Machines Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| German Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| German Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Vending Machines Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Historic Market Analysis in Italy in US$ Million by Product Type: 2009-2017 |
| Italian Vending Machines Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Kingdom |
| United Kingdom Market for Vending Machines: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| United Kingdom Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Spain |
| Spanish Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Spanish Vending Machines Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Vending Machines Market in Spain: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Russia |
| Russian Vending Machines Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Vending Machines Market in Russia by Product Type: A Historic Review in US$ Million for 2009-2017 |
| Russian Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Vending Machines Market in Rest of Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Rest of Europe Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Asia-Pacific Vending Machines Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Vending Machines Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017 |
| Asia-Pacific Vending Machines Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025 |
| Vending Machines Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Asia-Pacific Vending Machines Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| Asia-Pacific Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Australia |
| Vending Machines Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| Australian Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Australian Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| India |
| Indian Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Indian Vending Machines Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Vending Machines Market in India: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| South Korea |
| Vending Machines Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| South Korean Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Vending Machines Market Share Distribution in South Korea by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Asia-Pacific |
| Rest of Asia-Pacific Market for Vending Machines: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Rest of Asia-Pacific Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Latin America |
| Latin American Vending Machines Market Trends by Region/Country in US$ Million: 2018-2025 |
| Vending Machines Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017 |
| Latin American Vending Machines Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025 |
| Latin American Vending Machines Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Historic Market Analysis in Latin America in US$ Million by Product Type: 2009-2017 |
| Latin American Vending Machines Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Argentina |
| Argentinean Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Vending Machines Market in Argentina in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Argentinean Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Brazil |
| Vending Machines Market in Brazil by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Brazilian Vending Machines Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| Brazilian Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Mexico |
| Vending Machines Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| Mexican Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Mexican Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Latin America |
| Rest of Latin America Vending Machines Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Vending Machines Market in Rest of Latin America by Product Type: A Historic Review in US$ Million for 2009-2017 |
| Rest of Latin America Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Middle East |
| The Middle East Vending Machines Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Vending Machines Market in the Middle East by Region/Country in US$ Million: 2009-2017 |
| The Middle East Vending Machines Market Share Breakdown by Region/Country: 2009, 2019, and 2025 |
| The Middle East Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| The Middle East Vending Machines Historic Market by Product Type in US$ Million: 2009-2017 |
| Vending Machines Market in the Middle East: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Iran |
| Iranian Market for Vending Machines: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Market in Iran: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Iranian Vending Machines Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Israel |
| Israeli Vending Machines Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Vending Machines Market in Israel in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Israeli Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Saudi Arabia |
| Saudi Arabian Vending Machines Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Vending Machines Historic Market Analysis in Saudi Arabia in US$ Million by Product Type: 2009-2017 |
| Saudi Arabian Vending Machines Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Arab Emirates |
| Vending Machines Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| United Arab Emirates Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Vending Machines Market Share Distribution in United Arab Emirates by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Middle East |
| Vending Machines Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| Rest of Middle East Vending Machines Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Rest of Middle East Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Africa |
| African Vending Machines Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Vending Machines Market in Africa by Product Type: A Historic Review in US$ Million for 2009-2017 |
| African Vending Machines Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 127 Click here to request a full table of contents and more details on this project. |
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