Smart Vending Machines Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the the global smart vending machines market has been thoroughly examined, providing an extensive insight into pivotal market dynamics, growth catalysts, hurdles, and emerging trends. This comprehensive report offers invaluable perspectives on the structure of the smart vending machines market, delivering exclusive data and statistics that forecast the market's trajectory from 2023 to 2030.

The global smart vending machines market is forecast to expand at a CAGR of 12.8% and thereby increase from a value of US$21 Bn in 2023, to US$48.9 Bn by the end of 2030.

Key Insights:

Smart Vending Machines Market Size (2023E): US$21.0 Billion

Projected Market Value (2030F): US$48.9 Billion

Global Market Growth Rate (CAGR 2023 to 2030): 12.8%

Historical Market Growth Rate (CAGR 2018 to 2022): 11.2%

Sawing and Cutting Tools Market - Report Scope:

The smart vending machines market encompasses a wide spectrum of vending solutions integrated with cutting-edge technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cashless payment systems. These vending machines offer a diverse range of products, including snacks, beverages, personal care items, and electronics, catering to the evolving consumer preferences for convenience, accessibility, and personalized shopping experiences. Market growth is primarily driven by urbanization, changing consumer lifestyles, and the adoption of cashless payment solutions. Furthermore, technological advancements in machine learning algorithms and sensor technologies enhance vending machine functionality, inventory management, and operational efficiency, fostering market expansion.

Market Growth Drivers:

The global smart vending machines market is propelled by the burgeoning retail sector and the increasing demand for on-the-go convenience among consumers. Urbanization, coupled with the rising trend of cashless transactions, accelerates the adoption of smart vending solutions across various public spaces, including airports, malls, hospitals, and educational institutions. Moreover, advancements in AI and IoT facilitate real-time inventory tracking, predictive maintenance, and personalized marketing strategies, optimizing vending machine operations and enhancing user engagement. The growing emphasis on sustainability and eco-friendly practices also drives market growth, with smart vending machines offering recyclable packaging and energy-efficient features.

Market Restraints:

Despite robust growth prospects, the smart vending machines market encounters challenges associated with high initial investment costs, cybersecurity risks, and regulatory constraints. The integration of advanced technologies, such as AI and IoT, requires substantial capital investment and expertise, hindering market penetration, particularly among small and medium-sized enterprises. Moreover, concerns regarding data privacy and security vulnerabilities pose challenges for vendors and operators, necessitating robust cybersecurity measures and regulatory compliance. Additionally, the lack of universal standards and interoperability issues limit the scalability and interoperability of smart vending solutions, impeding market growth in certain regions.

Market Opportunities:

The smart vending machines market presents lucrative opportunities driven by technological innovations and evolving consumer preferences. Integration of AI-driven predictive analytics enables vending operators to optimize product assortment, pricing strategies, and promotional campaigns, enhancing customer satisfaction and revenue generation. Furthermore, the proliferation of contactless payment technologies, such as Near Field Communication (NFC) and mobile wallets, expands payment options and fosters seamless transactions, especially in the wake of the COVID-19 pandemic. Additionally, the emergence of autonomous vending machines equipped with robotics and computer vision systems opens new avenues for market expansion, enabling unmanned operations and 24/7 service delivery in diverse locations.

Key Questions Answered in the Report:

Which regions are poised to lead the growth of the smart vending machines market?
What factors influence the adoption of smart vending solutions across different industries?
How are technological advancements reshaping the competitive landscape of the smart vending machines market?
Who are the key players driving innovation and market expansion in the smart vending machines segment?
What are the emerging trends and future prospects in the global smart vending machines market?

Competitive Intelligence and Business Strategy:

Leading players in the global smart vending machines market, including Crane Co., Royal Vendors, Fuji Electric Co., Ltd., Azkoyen Group, FAS International, Bianchi Vending Group, Evoca Group (formerly N&W Global Vending), Glory Ltd., SandenVendo, Selecta Group, Automated Merchandising Systems Inc., Westomatic Vending Services Ltd. prioritize innovation and strategic partnerships to maintain market dominance. These companies invest significantly in research and development to introduce cutting-edge vending solutions that cater to specific industry needs and consumer preferences. Collaboration with technology providers, payment processors, and retail partners enables market players to enhance product features, expand distribution networks, and capitalize on emerging opportunities in untapped markets. Moreover, emphasis on data analytics, machine learning algorithms, and customer engagement platforms fosters operational excellence and sustains long-term growth amidst intensifying competition in the dynamic smart vending machines market.

Key Companies Profiled:
Crane Co.
Royal Vendors
Fuji Electric Co., Ltd.
Azkoyen Group
FAS International
Bianchi Vending Group

Evoca Group (formerly N&W Global Vending)

Glory Ltd.
SandenVendo
Selecta Group

Automated Merchandising Systems Inc.

Westomatic Vending Services Ltd.

Sawing and Cutting Tools Market Research Segmentation:

The smart vending machines market encompasses a diverse range of vending solutions tailored to specific industries, locations, and consumer demographics. Market segmentation includes variations in deployment, application, and region.

By Product Type:
Beverages
Snacks
Food
Confections
Others
By Payment Technology:
Cash Payment

Mobile Payment (NFC, QR Code)

Credit/Debit Card Payment
By Application:
Manufacturing

Commercial Malls & Retail Stores

Offices
Educational Institutes
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33661

1. Executive Summary

1.1. Global Smart Vending Machines Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Smart Vending Machines Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Smart Vending Machines Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Beverages
  - 3.3.3.2. Snacks
  - 3.3.3.3. Food
  - 3.3.3.4. Confections
  - 3.3.3.5. Others
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Smart Vending Machines Market Outlook: Payment Technology
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Payment Technology, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
  - 3.5.3.1. Cash Payment
  - 3.5.3.2. Mobile Payment (NFC, QR Code)
  - 3.5.3.3. Credit/Debit Card Payment
3.6. Market Attractiveness Analysis: Payment Technology
3.7. Global Smart Vending Machines Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.7.3.1. Manufacturing
  - 3.7.3.2. Commercial Malls & Retail Stores
  - 3.7.3.3. Offices
  - 3.7.3.4. Educational Institutes
  - 3.7.3.5. Others
3.8. Market Attractiveness Analysis: Application

4. Global Smart Vending Machines Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Payment Technology
- 5.3.4. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Beverages
- 5.5.2. Snacks
- 5.5.3. Food
- 5.5.4. Confections
- 5.5.5. Others
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 5.6.1. Cash Payment
- 5.6.2. Mobile Payment (NFC, QR Code)
- 5.6.3. Credit/Debit Card Payment
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.7.1. Manufacturing
- 5.7.2. Commercial Malls & Retail Stores
- 5.7.3. Offices
- 5.7.4. Educational Institutes
- 5.7.5. Others

6. Europe Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Payment Technology
- 6.3.4. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Beverages
- 6.5.2. Snacks
- 6.5.3. Food
- 6.5.4. Confections
- 6.5.5. Others
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 6.6.1. Cash Payment
- 6.6.2. Mobile Payment (NFC, QR Code)
- 6.6.3. Credit/Debit Card Payment
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.7.1. Manufacturing
- 6.7.2. Commercial Malls & Retail Stores
- 6.7.3. Offices
- 6.7.4. Educational Institutes
- 6.7.5. Others

7. East Asia Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Payment Technology
- 7.3.4. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Beverages
- 7.5.2. Snacks
- 7.5.3. Food
- 7.5.4. Confections
- 7.5.5. Others
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 7.6.1. Cash Payment
- 7.6.2. Mobile Payment (NFC, QR Code)
- 7.6.3. Credit/Debit Card Payment
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.7.1. Manufacturing
- 7.7.2. Commercial Malls & Retail Stores
- 7.7.3. Offices
- 7.7.4. Educational Institutes
- 7.7.5. Others

8. South Asia & Oceania Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Payment Technology
- 8.3.4. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Beverages
- 8.5.2. Snacks
- 8.5.3. Food
- 8.5.4. Confections
- 8.5.5. Others
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 8.6.1. Cash Payment
- 8.6.2. Mobile Payment (NFC, QR Code)
- 8.6.3. Credit/Debit Card Payment
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.7.1. Manufacturing
- 8.7.2. Commercial Malls & Retail Stores
- 8.7.3. Offices
- 8.7.4. Educational Institutes
- 8.7.5. Others

9. Latin America Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Payment Technology
- 9.3.4. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Beverages
- 9.5.2. Snacks
- 9.5.3. Food
- 9.5.4. Confections
- 9.5.5. Others
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 9.6.1. Cash Payment
- 9.6.2. Mobile Payment (NFC, QR Code)
- 9.6.3. Credit/Debit Card Payment
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.7.1. Manufacturing
- 9.7.2. Commercial Malls & Retail Stores
- 9.7.3. Offices
- 9.7.4. Educational Institutes
- 9.7.5. Others

10. Middle East & Africa Smart Vending Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Payment Technology
- 10.3.4. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Beverages
- 10.5.2. Snacks
- 10.5.3. Food
- 10.5.4. Confections
- 10.5.5. Others
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Payment Technology, 2023 - 2030
- 10.6.1. Cash Payment
- 10.6.2. Mobile Payment (NFC, QR Code)
- 10.6.3. Credit/Debit Card Payment
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.7.1. Manufacturing
- 10.7.2. Commercial Malls & Retail Stores
- 10.7.3. Offices
- 10.7.4. Educational Institutes
- 10.7.5. Others

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Snacks
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Crane Co.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Royal Vendors
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Fuji Electric Co., Ltd.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Azkoyen Group
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. FAS International
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Bianchi Vending Group
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Evoca Group (formerly N&W Global Vending)
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Glory Ltd.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. SandenVendo
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Selecta Group
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Automated Merchandising Systems Inc.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Westomatic Vending Services Ltd.
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations