This Freedonia industry study analyzes the $1.6 billion global refrigerated vending machinery market. It presents historical demand (2009, 2014, and 2019) and forecast (2024 and 2029) for all countries.
Study Highlights include:
- The COVID-19 pandemic had a direct impact on both consumer spending and the movement of people (e.g., work from home, less use of public transportation), leading to a reduction in the use of refrigerated vending machines.
- The outlook for the global refrigerated vending machinery market is expected to improve during the post-pandemic period as vending machine use recovers and operators replace outdated machines.
- The increasing use of state-of-the-art models - that are both more versatile and capable - will also contribute to the recovery.
- However, vending machine consolidation - the replacement of multiple vending machines with a newer, more productive model - will dampen the markets growth prospects going forward.