Market Research Report
Intelligent Vending Machines
|Published by||Global Industry Analysts, Inc.||Product code||335308|
|Published||Content info||151 Pages
Delivery time: 1-2 business days
|Intelligent Vending Machines|
|Published: July 1, 2020||Content info: 151 Pages||
Global Intelligent Vending Machines Market to Reach US$17.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Intelligent Vending Machines estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$17.1 Billion by 2027, growing at a CAGR of 14.8% over the analysis period 2020-2027.Hot Drinks, one of the segments analyzed in the report, is projected to grow at a 15.3% CAGR to reach US$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 Soft Drinks segment is readjusted to a revised 16% CAGR for the next 7-year period. This segment currently accounts for a 26% share of the global Intelligent Vending Machines market.
The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 14.2% CAGR for the Period of 2020-2027
The Intelligent Vending Machines market in the U.S. is estimated at US$1.9 Billion in the year 2020. The country currently accounts for a 29.57% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3 Billion in the year 2027 trailing a CAGR of 14.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR while Rest of European market (as defined in the study) will reach US$3 Billion by the year 2027.
Snack & Food Segment Corners a 22.7% Share in 2020
In the global Snack & Food segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$2.9 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$2 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 151-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.
Competitors identified in this market include, among others,