Intelligent Vending Machines Market to Reach USD 9.33 Billion by 2024, Azkoyen SA and Compass Group USA Inc. Emerge as Key Contributors to Growth

Technavio has been monitoring the intelligent vending machines market and it is poised to grow by USD 9.33 billion during 2020-2024, progressing at a CAGR of almost 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Intelligent Vending Machine Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions-

  • What are the major trends in the market?
  • Ability of real-time data collection through intelligent vending machines is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 22%, the incremental growth of the market is anticipated to be USD 9.33 billion.
  • Who are the top players in the market?
  • Azkoyen SA, Compass Group USA Inc., Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Ingenico Group SA, Intel Corp., Royal Vendors Inc., and Westomatic Vending Services Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Demand for cashless vending machines is one of the major factors driving the market. However, the rise in theft and vandalism restraints the market growth.
  • How big is the North America market?
  • The North America region will contribute 38% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Azkoyen SA, Compass Group USA Inc., Crane Co., FAS International Srl, Fuji Electric Co. Ltd., GLORY Ltd., Ingenico Group SA, Intel Corp., Royal Vendors Inc., and Westomatic Vending Services Ltd. are some of the major market participants. The demand for cashless vending machines will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Intelligent vending machines Market 2020-2024: Segmentation

Intelligent vending machines Market is segmented as below:

  • Product
  • Geography

    • North America
    • Europe
    • APAC
    • South America
    • MEA

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Intelligent Vending Machines Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The intelligent vending machines market report covers the following areas:

  • Intelligent Vending Machines Market Size
  • Intelligent Vending Machines Market Trends
  • Intelligent Vending Machines Market Analysis

This study identifies the ability of real-time data collection through intelligent vending machines as one of the prime reasons driving the intelligent vending machines market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Intelligent vending machines Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist intelligent vending machines market growth during the next five years
  • Estimation of the intelligent vending machines market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the intelligent vending machines market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of intelligent vending machines market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Beverage – Market size and forecast 2019-2024
  • Food – Market size and forecast 2019-2024
  • Tobacco – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Installation sites

  • Market segments
  • Comparison by Installation sites placement
  • Retail sites – Market size and forecast 2019-2024
  • Public transport hubs – Market size and forecast 2019-2024
  • Offices – Market size and forecast 2019-2024
  • Market opportunity by Installation sites

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AZKOYEN SA
  • Canteen Vending Services
  • Crane Co.
  • FAS International Srl
  • Fuji Electric Co. Ltd.
  • Glory Ltd.
  • Ingenico Group SA
  • Intel Corp.
  • Royal Vendors Inc.
  • Westomatic Vending Services Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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