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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

Intelligent Vending Machines Market Outlook (2023-2033)

The intelligent vending machines market was valued at US$ 22,345.1 Mn in 2022 and is expected to have grown to US$ 83,110.5 Mn by the end of 2033. The market for intelligent vending machines is estimated to valuate to US$ 24,847.8 Mn in 2023 and is predicted to grow at a CAGR of 12.8% from 2023 to 2033.

A vending machine is an appliance that dispenses items stored within it in exchange for coins or tokens inserted into it. An intelligent vending machine is a sophisticated vending machine that not only dispenses items but also engages customers through touch-screen controls, video, audio, scent, hand motion interaction, and cashless payment. An intelligent vending machine typically dispenses packaged food, beverages, and tobacco products.

Increasing adoption of Internet of Things (IoT) and connected device technologies is expected to support the growth of the intelligent vending machines market during the forecast period of 2023-2033.

Intelligent vending machines with face and voice recognition sensors assist users in product selection by recommending products based on their age and purchasing history. Furthermore, interactive touch screen display technology enables vendors to increase profits by interacting with customers' smartphones, which feature HD displays running interactive promotions, marketing advertisements, and other means to monetize third-party information. Furthermore, as communication technology advances, vending machines can communicate with vending operators by broadcasting real-time notifications via cloud technology, lowering operational and maintenance costs. Machines can communicate information such as product availability, dynamic route optimization, and increased logistics efficiencies thanks to IoT technology.

Such factors are providing lucrative environment for the adoption of intelligent vending machines systems in the coming future.

In terms of the regional market landscape, the market in North America held a leading market share of 26.5% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for intelligent vending machines in the Europe region will hold around 23.3% of the market in 2022.

Attributes Key Insights

Intelligent Vending Machines Market Size (2023)

US$ 24,847.8 Mn

Projected Market Value (2033)

US$ 83,110.5 Mn

Global Market Growth Rate (2023-2033)

12.8%

Free-Standing Intelligent Vending Machines Segment Market Share (2022)

59.3%

India Market Growth Rate (2022)

13.4%

Intelligent Vending Machines for Malls & Retail Stores Segment Market Share (2022)

18.1%

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What Restraints Will Hamper the Growth of Intelligent Vending Machines Market?

“Rising Incidences of Theft and Vandalism”

Growing vandalism of intelligent vending machines is having an impact on the global market. This is especially noticeable in developing countries. Intelligent vending machines are built for self-service and do not require professional operators. These machines have a lightweight body that is easily vandalized by criminals. As a result, the adoption of intelligent vending machines is restricted.

  • In April 2021, Azkoyen had launched the Vitro X1 automated coffee machine with MIA technology based on the successful Vitro series of the company. Azkoyen's patented technology Micro Injected Air (MIA) technology is used in the Vitro X1 MIA that ensures quick & efficient service.
  • In December 2020, Fuji Electric Co., Ltd. had launched an intelligent vending machine that delivers various hygiene products like masks, wet tissues and disinfectant sprays.
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In U.S Intelligent vending machines Market is dominating?

“Rising Adoption of Digital Payment Systems Along with Availability of Fast Internet”

Increased use of mobile payments, advancements in communication technologies, and faster internet connectivity are just a few examples. Stringent government intervention promoting energy conservation is exacerbating the deployment of these systems in U.S. Intelligent vending machines typically require a one-time lump sum investment as well as ongoing maintenance and operations costs.

Due to these factors, U.S. region is analyzed to dominate the global intelligent vending machines market with the share of 19.9% in 2022.

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Is intelligent vending machines Market in India will provide Growth Opportunities?

“Rising trend towards the adoption of automated machines”

Increased infrastructure spending, growing trend toward the use of automated machines and so on. Furthermore, higher purchasing power combined with the adoption of cutting-edge communication technologies are some of the major factors anticipated to positively impact the region's intelligent vending machine market growth.

Due to these factors the intelligent vending machines market is estimated to grow at a CAGR of 13.4% over the forecast period in India.

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Why Adoption of Intelligent vending machines systems increases in Europe. Also which country holds largest market share?

Growing installation of such self-service machines in trains in the European region

Germany is one of the most economically significant country in Europe which holds the market share of 13.3% in the European intelligent vending machines market. In Europe, train transportation systems use a network of intelligent vending machines for food and beverages to serve passengers in the absence of staff. Customers can use facial recognition to buy products and make contactless payments at these self-service terminals are all the major factors behind the significant market share of Europe of 23.3% in the intelligent vending machines market. Furthermore, such machines foster social engagement through brand quizzes and provide customers with customised products.

Category-wise Insights

Why Free-Standing Intelligent vending machines segment Have the Larger Market Share in the intelligent vending machines market?

Free-Standing Intelligent vending machines segment are analyzed to dominate the intelligent vending machines market with the share of 59.4%. The incorporation of advanced features such as product elevators, no-touch automatic delivery doors, conveyor belt delivery systems, and optional touch-free buying via cell phone increases the desirability of free-standing machines. These vending machines are linked to our vending machine control cloud, allowing you to view real-time sales data and instantly control information about the product, images, prices, and video content on the touch controls.

Why intelligent vending machines for Malls & Retail Stores have the largest market share in 2022?

Based on the end user the share of intelligent vending machines for intelligent vending machines for malls & retail Stores hold the largest share of 18.1% in 2022, owing to the factors such as the installation of intelligent vending machines in malls & retail stores ensure space conservation, cost-effectiveness and cleanliness. Furthermore, installation at these places ensure high sale as compared to other places.

Competitive Landscape

Major intelligent vending machines companies are collaborating to accelerate the technological advancements in the development and adoption of the intelligent vending machines systems.

  • In September 2022, Daalchini, which offers smart vending machines to hundreds of brands in India, has raised $4 million as part of its efforts to establish automated guided stores and vending machines in every 200 meters of habitable area in India.
  • In May 2022, SOS partnered with the Jacksonville Jaguars to launch a series of smart vending machines at TIAA Bank Field in Jacksonville, Florida. It aims to provide on-demand personal grooming products from brands such as Cora, First Aid Beauty, Hero Cosmetics, Megababe and so on.

Recent developments related to key players providing intelligent vending machines market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Intelligent Vending Machines Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Product & Services
  • Technology
  • End User
  • 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

Pricing

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Key Segments of Intelligent Vending Machines Market Industry Research

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

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • 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

- Frequently Asked Questions -

In 2022, the market value of intelligent vending machines was US$ 22,345.1 Mn.

The global intelligent vending machines market is estimated to advance at a 12.8% CAGR through 2033.

The market for intelligent vending machines is forecasted to climb to US$ 83,110.5 Mn by 2033 end.

Demand for Intelligent vending machines market in India is projected to rise at a CAGR of 13.4% over the forecast period.

In 2022, the North America Intelligent vending machines market held a dominant market share of 26.5%.

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