Global Intelligent Vending Machines Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global intelligent vending machines Market in its upcoming report titled, “Global Intelligent Vending Machines Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global intelligent vending Machines market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global intelligent vending machines market report has been segmented on the basis of type, application, and region.

Intelligent vending machines are new type of vending machines that distribute food and drinks. These machines come up with LCD screens on doors for interacting with consumers. Intelligent vending machines provides advance payment options such as e-wallets, credit cards, debit cards etc. which help consumers with cashless payment. Recently launched intelligent vending machines offers various features such as near field communication (NFC), telemetry systems, voice recognition, digital signage, and enterprise resource planning (ERP) as compared to conventional vending machines. In addition, intelligent vending machines helps to handle, collect, transfer, and analyze data effectively.

Increasing number of cashless vending machines, owing to increasing preference for cashless payment option such as payment through mobile devices, credit or debit cards is a key factor driving growth of the global intelligent vending machines market. In addition, technological advancement such as NFC technology is another factor expected to fuel growth of the cashless vending machines over the forecast period. Moreover, preference for secure payment gateways, efficiency of network operators, and decrease threats such as theft and vandalism are also expected to further boost growth of the targeted market

However, increasing government regulations regarding health concern prohibits junk food sales especially in schools which is a key factor restraining growth of the global intelligent vending machines market. In addition, high investment and maintenance cost of intelligent vending machines are hampers growth of this market over the forecast period.

Technological advancement for manufacturing intelligent vending machines especially for blind people can be create a potential opportunity for plyers in the market.

The market in North America dominates the global intelligent vending machines market in terms of revenue, owing to increasing awareness and popularity of intelligent vending machines in the countries in this region. The market in Europe accounted for second-highest revenue share in this market, due to increasing adoption of self-services technology across this region, followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to factors such as increasing preference for fast and self-service retail outlook, food consumption habit, and technological advancement in the countries in this region.

Intelligent Vending Machines Market Segmentation:

Segmentation by type:

• Hot drinks
• Snacks
• Packaged drinks
• Others

Segmentation by application:

• QSR (Quick Service Restaurant), shopping malls, and retail stores
• Offices
• Public transport
• Others

Segmentation by region:

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

• Azkoyen, S.A.
• Bianchi Vending Group S.p.A.
• Crane Merchandising Systems
• FAS INTERNATIONAL SPA
• Fuji Electric Co., Ltd.
• Jofemar SA
• Evoca S.p.A.
• Rhea Vendors Group Spa
• SANDEN HOLDINGS CORPORATION
• Seaga Manufacturing, Inc.