Intelligent Vending Machine Market

Market Study on Intelligent Vending Machines: Free-standing Systems to Remain Most Sought-after

Intelligent Vending Machines Market Segmented By Soft Drinks, Hot Drinks, Snack and Food, Combination Product in Commercial and Corporate Areas, Public Premises, QSR

Industry Snapshot

As per a revised research done by Persistence Market Research, the global intelligent vending machine market size is expected to increase from nearly US$ 11 Bn in 2020 to US$ 28 Bn by 2031, which equates to a CAGR of around 12% for the decade. Intelligent vending machine sales currently account for almost 40% market share of the global vending machine market.

The global market for intelligent vending machines is expected to experience significant growth owing to rising deployment of smart kiosks and self-service interactive kiosks across public venues. New-age technologies in these interactive kiosks, such as Artificial Intelligence (AI), Internet of things (IoT), voice recognition, and facial recognition, offer benefits such as gesture-based communication, touchscreen controls, digital wallet integrations, cashless payments, and much more.

Intelligent Vending Machine Market Value (2020)

US$ 11 Bn

Projected year (2031) Market Value

US$ 28 Bn

CAGR% (2021-2031)

12%

Share of Top 5 Manufacturers

25%

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Companies

  • Fuji Electric Co., Ltd.
  • Royal Vendors, Inc.
  • Crane Merchandising Systems
  • Sanden Holdings Corporation
  • N&W Global Vending S.p.A.
  • Seaga
  • FAS International S.p.A.
  • Rhea Vendors Group Spa
  • Azkoyen Group
  • Sielaff GmbH & Co. KG
  • Automated Merchandising Systems Inc.
  • Bianchi Industry S.p.A.
  • Jofemar Corporation
  • Continental Vending Inc.
  • Automatic Vending Specialists

Demand Analysis of Intelligent Vending Machines from 2016-2020 Vs Market Outlook for 2021-2031

The global market for intelligent vending machines expanded at the rate of 10% over 2016-2020, owing to rapid globalization and growing number of retail outlets across the world.

Free-standing vending machines are expected to witness significant demand growth, due to their features such as remotely managed pricing, images and content, packaged food & snacks, beverages, cloud-based hosting, inventory reporting, and others.

Persistence Market Research identifies North America, followed by Europe, as the leading market. Expansion in North America is supported by the region’s developed infrastructure at public places such as malls, railway stations, bus stations, and many more in the U.S.

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What are the Main Factors Driving Demand for Intelligent Vending Machines?

Intelligent vending machines, or smart vending machines, are automated vending machines that offer a personalized on-demand experience with LCD screens/displays with touchscreen control, audio, video, digital wallets, online transactions, cashless payments, and gesture-based communication.

Wall-mounted vending machines, or free-standing vending machines with interactive displays can access data from customer shopping trends with the help of the cloud and drive efficiency and profitability for a business. Intelligent vending machines offer features such as facial and voice recognition, cutting-edge technologies, touch-free transactions, customized UI, credit and debit card integration, and much more.

Such features makes intelligent vending machines highly interactive and user-friendly. Thus, adoption of advanced technology in vending machines is set to drive market growth over the coming years.

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Country-wise Insights

How are Sales of Intelligent Vending Machines in the U.S. Shaping Up?

Currently, the U.S. market accounts for a large consumption of AI-based intelligent vending machines in the North America region, and the market expected to expand at the rate over 11% CAGR through 2031. This is mainly due to rapidly rising demand for ready-to-eat packaged products in the country.

Intelligent vending machines are capable of displaying information about packed products, such as carbohydrates, calories, fats, sugar-free content, and much more. High presence of health-conscious consumers, huge demand for healthy food, and expanding organic food market in the U.S. are factors expected to drive intelligent vending machine demand in the country.

Why is China Projected to Be a Prominent Market for Intelligent Vending Machines Over the Coming Years?

Currently, the China market accounts for the largest consumption of intelligent vending machines in the APAC region, and the market size is expected expand 3X over the decade.

China has advanced infrastructure at major retail stores. Retailers in the country focus on deploying robust infrastructure along with technological capability, and most provide advanced devices with contactless payment solutions.

For instance, in Aug 2021, Missfresh deployed smart vending machines in partnership with over 5,000 businesses. The company partnered with businesses in Beijing to deploy Missfresh convenience go smart vending machines at their premises. Such developments in the country are expected to fuel intelligent vending machine sales.

Will Intelligent Vending Machine Suppliers Gain Sales Growth in Germany?

Currently, Germany accounts for the most sales of intelligent vending machines in Europe, and its market size is expected expand 2X over the next ten years.

Germany has been forecast to register higher growth for intelligent vending machines owing to efficient public transport systems that integrate vending machines at various strategic locations for travellers.

As per the Federal Ministry for Economic Cooperation and Development, in Germany, an average of 30 million passengers use public transport every day. Usually, Germans use public transport and it is expected to boost demand for intelligent vending machines at public transit infrastructures.

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Category-wise Insights

Why is Demand for Free-Standing Vending Machines Rising?

Free-standing vending machines are set to dominate the intelligent vending machine market, and expected to increase at a high CAGR around 15% over 2021-2031.

Demand for free-standing vending machines is increasing owing to their widespread deployment at various public places such as malls, roadsides, bus shelters, railways stations, airports, and other high dwell-time venues at public places.

Why Does the Food & Beverage Sector Exhibit High Demand for Intelligent Vending Machines?

On the basis of product type, the food & beverages segment will be a dominating end-use sector of smart vending machines. Market size of the food & beverages segment is expected to expand almost 2X by 2031.

Intelligent vending machines present are popular at public transit areas such as airports, railway stations, and bus stops. Thus, customer engagement activity is influenced to buy packaged food & snacks, and this is expected to drive demand for these machines even further from the food & beverage segment.

COVID-19 Crisis Impact

The COVID-19 pandemic drove most nations into shutdowns, restricting their commercial and industrial activities. Due to restricted connectivity during these lockdowns, supply chains, exchange and transfer of essential goods and services, and distribution of various commodities were affected.

The outbreak resulted in the shutdown of shopping malls, retail stores, supermarkets, and other public gathering places, hampering the purchasing power of consumer/customers. However, relaxation in lockdown measures across major economies and adoption of advanced technologies are expected to drive demand for self-service technology and smart machines, such as intelligent vending machines, from Q1 2022 onwards.

Competitive Landscape

Key intelligent vending machine providers are inclined at investing heavily in innovation and research & development to uncover increased applications of intelligent vending machines. With the use of technology, players are also focusing on ensuring safety, quality, and customer satisfaction for captivating an increased customer base.

  • In March 2018, Crane Merchandising launched new vending equipment enterprise software and cashless products. These are a next-generation telemeters designed to give vending operators flexibility and choice.
  • In August 2020, N&W Global Vending S.p.A. acquired Saeco. This acquisition helps the company enhance its food vending machine services, including coffee, hot and cold beverages, etc.

Intelligent Vending Machine Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

  • USD Million for Value
  • Units for Volume

Key regions covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • The Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Sprain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Machine Type
  • Product Type
  • Application
  • Region

Key companies profiled

  • Fuji Electric Co., Ltd.
  • Royal Vendors, Inc.
  • Crane Merchandising Systems
  • Sanden Holdings Corporation
  • N&W Global Vending S.p.A.
  • Seaga
  • FAS INTERNATIONAL S.P.A.
  • Rhea Vendors Group Spa
  • Azkoyen Group
  • Sielaff GmbH & Co. KG Company Snapshot
  • Automated Merchandising Systems Inc.
  • BIANCHI INDUSTRY SPA
  • Jofemar Corporation
  • Continental Vending Inc.
  • Automatic Vending Specialists

Report coverage

  • Market Forecasts
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Intelligent Vending Machine Industry Survey by Category

By Machine Type:

  • Free-Standing Intelligent Vending Machines
  • Wall-Mounted Intelligent Vending Machines

By Product Type:

  • Intelligent Vending Machines for Packaged Food & Snacks
  • Intelligent Vending Machines for Beverages
  • Combination (Food & Beverages) Intelligent Vending Machines
  • Intelligent Vending Machines for Medical Supplies & Hygiene Products
  • Others

By Application:

  • Intelligent Vending Machines for Hospitals & Clinics
  • Intelligent Vending Machines for Hotels & Restaurants
  • Intelligent Vending Machines for Malls & Retail Stores
  • Intelligent Vending Machines for Airports & Railways Stations
  • Intelligent Vending Machines for Corporates & Offices
  • Intelligent Vending Machines for Academic Institutions
  • Others

Media Release

- FAQs -

The global intelligent vending machine market is currently valued at over US$ 11 Bn.

Integration of new-age technologies in vending machines is majorly driving market expansion.

From 2016 to 2020, demand for intelligent vending machines increased at a CAGR of 10%.

Sales of Intelligent vending machines are projected to surge at 12% CAGR and be valued at over US$ 28 Bn by 2031.

Key market trends include rapid globalization and growing number of retail outlets across the world.

Crane Merchandising Systems, Royal Vendors, Inc., Fuji Electric Co., Ltd., Sanden Holdings Corporation, and N&W Global Vending S.p.A. are the top 5 intelligent vending machine providers, accounting for around 25% market share.

The U.K. and Germany, together, hold almost 50% of the market share in Europe.

The U.K., U.S., Italy, China, and Germany are major demand centers for intelligent vending machines.

The U.S., U.K., France, Japan, and Germany are key service providers of intelligent vending machines.

Total absolute $ opportunity for Japan is US$ 90 Mn, whereas, South Korea market value will top US$ 40 Mn.

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