Global Vending Machine Market Report and Forecast 2024-2032

Global Vending Machine Market Outlook

The global vending machine market size reached approximately USD 21.50 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 32.19 billion by 2032.

Key Trends in the Market

Vending machines are automated machines that provide users a wide range of products including tickets, beverages, snacks, and newspapers, among others. The users are able to select the desired product and pay through card or cash. The entire process is automated with the help of an electro-mechanical system.

• The rising deployment of vending machines across office and commercial spaces to enhance accessibility to food and beverages and maintain the aesthetics and cleanliness of the space is supporting the vending machine market growth.

• The increasing provision of cashless payment options is providing lucrative growth opportunities to the market. The rising germophobia among the urban population and growing threat of communicable diseases is further propelling the requirement for cashless transactions.

• The availability of a wide range of products across vending machines is boosting their popularity among consumers. The diverse product selection caters to a wider consumer base. The increasing availability of gluten-free and vegan snacks and beverages in vending machines due to rising incidences of celiac disease and lactose intolerance is further propelling the product demand.

Global Vending Machine Market Segmentation

On the basis of type, the market is divided into food vending machine, beverages vending machine, tobacco vending machine, and ticket vending machine, among others. Based on technology, the market is segregated into automatic machine, semi-automatic machine, and smart machine.

On the basis of machine type, the market is classified into free-standing vending machine and wall-mounted vending machine. Based on payment mode, the market is bifurcated into cash and cashless. On the basis of application, the market is categorised into commercial places, corporate offices, and public places, among others.

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global vending machine market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Azkoyen, S.A. 

• Fuji Electric Co., Ltd. 

• Sanden Corporation 

• Crane Co. 

• Royal Vendors, Inc. 

• Bianchi Industry S.p.A.  

• Fas International S.r.l 

• Seaga Manufacturing, Inc. 

• Sielaff GmbH & Co. KG 

• Westomatic Vending Services Ltd. 

• Others

Market Share by Technology

Automatic vending machines account for a significant vending machine market share owing to rising investments in automatic machine spaces including restaurants, hotels, airports, and hospitals, among others. The versatile and efficient nature of automatic vending machines is boosting their popularity among business owners. The incorporation of these machines with advanced technologies including cashless payment system, touch screens, and digital interfaces provides the shopper with an interactive and seamless shopping experience, further aiding the segment growth.

Market Share by Region

The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the rising urbanisation and exposure to western culture. Changing consumer preferences and increasing lifestyle complexities are boosting the consumption of snacks and beverages obtained from vending machines. The strong product penetration in countries such as Japan and Singapore can also be attributed to the availability of a wide range of products across vending machines and rising population. The growing preference convenient food solutions is bolstering the vending machine market demand.

Competitive Landscape

Azkoyen, S.A. is involved with the marketing and manufacturing of vending machines for beverages and packaged products. The company was founded in 1945 and is headquartered in Navarra, Spain.

Fuji Electric Co., Ltd. is one of the leading electrical, electronics, and appliances manufacturing companies that was founded in 1923 and is headquartered in Shinagawa-ku, Tokyo. The company specialises in the production of different types of vending machines.

Sanden Corporation, headquartered in Gunma, Japan, is one of the leading electrical equipment and automotive equipment manufacturing company that was founded in 1943. The company’s product portfolio includes vending machines, air conditioning systems, and central heating systems, among others.

Other vending machine market key players include Crane Co., Royal Vendors, Inc., Bianchi Industry S.p.A., Fas International S.r.l, Seaga Manufacturing, Inc., Sielaff GmbH & Co. KG, and Westomatic Vending Services Ltd., among others.

Key Highlights of the Report