Vending Machine Industry Statistics Explained in detail by Trends, Share and CAGR Value by 2032 |

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Vending Machine Industry Statistics Explained in detail
by Trends, Share and CAGR Value by 2032 | FMI

The global vending
machine industry statistics - Vending
Machine Industry is likely to secure US$
130 Billion by 2032
while expanding at a CAGR of 9%
during the forecast period. Increasing adoption of a vending machines in a
large number of fitness clubs around the globe for offering their clients
supplements like soft drinks, protein bars, energy drinks, and others, is
anticipated to boost the demand for vending machines. As per International
Health, Racquet and Sportsclub Association 2019 Report, the global fitness
industry has witnessed a rise in membership of 183 million with an anticipated
revenue generation of US$ 94 billion in 2019.

Increasing demand for coffee and energy drinks across
various verticals is anticipated to expand use of retail vending machines.
Players in the market are taking various initiatives that can drive market
growth during the forecast period. For instance, in July 2022, Coca-Cola
announced the launch of a revolutionary new coffee machine. The company will be
focusing on its coffee vending machines called “Costa Smart Cafes”. Such
factors are likely to boost the vending machine industry statistics market in
the forecast period.

On the contrary, high expenses associated with such
equipment is anticipated to hamper the market during the forecast period. The
equipment demands high maintenance, and a high risk of robbery, which is likely
to limit the industry growth during the forecast period. However, the growing
demand for vending machines in various spaces, from offices to high-end
restaurants, and crowded bars to public places, are expected to counter the
hampering factors and drive the growth of vending machine industry statistics
market.

Key Takeaways from the Market Study:

By
payment mode, cash based retail vending machines to hold 74% of the global
market share in 2022

The
global retail vending machine is projected to have held about US$ 51
Billion in 2021

By
type, beverage retail vending machines to secure about 43% of the global
market share in 2022

The
global vending machine industry statistics market is expected to secure
US$ 55 Billion in 2022

North
America to account for 31% of the retail vending machine industry revenue
in 2022

Asia
Pacific to emerge as the primary revenue powerhouse, expanding at a 9.6%
CAGR by 2032

“With the global retail industry continuing to flourish,
there is a flurry of demand for a wide range of consumer products, ranging from
food & beverage items to apparel. This has prompted retailers to increase
deployment of vending machines, providing customers with the ease of selecting
products of their own choice,” says an FMI analyst.

Competitive Landscape

Key players in the global vending machine industry
statistics market include Azkoyen Group, Cantaloupe Systems, Westomatic Vending
Services Limited, Royal Vendors, Inc., Glory Ltd., Sanden Holding Corp., Seaga
Manufacturing Inc., Orasesta S.p.A, Sellmat s.r.l., and Fuji Electric Co., Ltd.
Recent developments in the industry include:

In
July 2022, Azkoyen Group, a Spanish vending machine manufacturer has
acquired Barcelona-based espresso machine manufacturer Ascaso. Azkoyen
Group said that the acquisition will provide a new leadership position in
the premium coffee segment. The company's coffee
business currently accounts for 75% of turnover for its coffee and
vending division.

In
October 2021, Dominus Capital and affiliates have completed their
investment in Seaga Manufacturing, Inc. Seaga's customized offering allows
customers to enhance inventory management, demand planning, inventory
costs, and shrinkage, all while providing safer products access.

More Valuable Insights

Future Market Insights, in its new offering, presents an
unbiased analysis of the global vending machine industry statistics market,
presenting a historical analysis from 2017 to 2021 and forecast statistics for
the period of 2022-2032.

The study reveals essential insights on the basis of Type
(Food, Beverage, Games/Amusement, Tobacco, Candy & Confectionery Retail
Vending Machine, Beauty & Personal Care Retail Vending Machine, Ticket
Retail Vending Machine, Others) by Payment Mode (Cash, Cashless), by Application
Outlook (Commercial Places, Offices, Public Places, Other Places), & Region
(North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America)

About the Consumer Product Division at Future
Market Insights

The consumer product team at Future Market Insights offers
expert analysis, time-efficient research, and strategic recommendations with an
objective to provide authentic insights and accurate results to help clients
worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the
team has been analyzing the industry lucidly in 50+ countries for over a
decade. The team provides a brief analysis of key trends including competitive
landscape, profit margin, and research development efforts.

Key Segments Profiled in the Vending machine industry
statistics market Report

Vending machine industry statistics market by Type: