Vending Machine Market Size – Statistics and Analysis 2020-2025
This statistic denotes the global market size across several regions including North America, Europe, APAC, South America, and MEA. The vending machine market share is expected to increase by USD 9.33 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 16%.
The size of the global vending machine market has been derived by triangulating data from multiple sources and approaches. While arriving at the market size, we have considered data points, such as the size of the parent market and the revenues of key market participants, such as Azkoyen SA, Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Orasesta Spa, Royal Vendors Inc., Sanden Retail System Co. Ltd., and Westomatic Vending Services Ltd.
The increasing adoption of cashless vending machines is notably driving the vending machine market growth, although factors such as high initial investments and maintenance costs for vending machines may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vending machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Data Covered in the full Vending Machine Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive vending machine market growth during the next five years
- Precise estimation of the vending machine market size and its contribution to the parent market
- Accurate predictions on upcoming vending machine market trends and changes in consumer behavior
- The growth of the vending machine industry across North America, Europe, APAC, South America, and MEA
Another key factor driving the vending machine market growth is the tie-ups between retailers and manufacturers. Several players in industries, such as cosmetics, personal and beauty care, and consumer goods and retail, are shifting from conventional vending machines to smart vending machines to increase their profits. The increasing adoption of intelligent vending machines by popular global retail players is one of the leading factors influencing the market.
