Market Research Report
North America Vending Machines Market 2020-2026
|North America Vending Machines Market 2020-2026|
Published: December 16, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
North America Vending Machines Market Size, Share & Trends Analysis Report By Type (Traditional Vending Machines and Micro Markets), By Product (Food & Snacks, Beverages, and Others), By Application (Supermarkets & Retail Stores, Public Places, Offices/Institutions, and Other), Forecast Period (2020-2026)
The North America vending machines market is anticipated to grow at a CAGR of 5.2% during the forecast period. as per the National Automatic Merchandising Association (NAMA), there were around 5 million vending machines in the US alone in 2015 which is expected to increase considerably during the forecast period. The growth of the market is being influenced by the increasing adoption of vending machines by the various end-use verticals. The high cost of labor/employees, high internet penetration, high awareness related to vending machines are some of the major factors for the growth of the market in the region. Due to this, the high return on investment from the vending machines and micro-market can be obtained by the retailers which are driving the market growth. However, already high penetration, government regulation such as Cashless Retailers Prohibition Act are some of the chief factors that can hinder the market growth.
The North American vending machines market is segmented based on type, product, and application. Based on the type, the market is sub-segmented into traditional vending machines and micro markets. Micro markets will witness a significant growth rate during the forecast period. Based on the products, the market is sub-segmented into food & snacks, beverages, and others. Further, based on the application, the market is sub-segmented into Supermarkets & Retail Stores, public places, offices/institutions, and others.
The key players of the North American vending machines market include Crane Merchandising Systems, USA Technologies, Inc., American Vending Machines, Continental Vending Inc., Evoca Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and expansion, to stay competitive in the market.
The market study of the North America vending machines market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include:
The report is intended for vending machines manufacturers, vending machine product providers, such as food, snacks, beverages (cold drink, packaged water, alcohol), manufacturer, distributor, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers: