Intelligent Vending Machine Market: Key Growth Analysis

The “Intelligent Vending Machine Market Research Report Overview by 2024” market size is reached USD 6.51 billion by 2021 and it is projected to reach USD 22.0 billion by 2029 between the forecast period and expected Compound annual growth rate of 16.7% between the forcast period by (2021-2029).

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Intelligent Vending Machine Market Share, Size & COVID-19 Impact Analysis, By Machine Type (Free-Standing Vending Machines and Wall-Mounted Vending Machines), By Product Type (Food & Beverages, Snacks, Tobacco, Confections, and Others), By Application (Quick Service Restaurant, Commercial Malls & Retail Stores, Offices, Public Transport, Shopping Centers, and Others), and Regional Forecast Between, 2022-2029

Major Keyplayers of intelligent vending machine market:

Some of the key players operating in the global intelligent vending machine Industry are:

• Azkoyen Group (Spain)
• Crane Co. (U.S.)
• FAS INTERNATIONAL S.R.L (Italy)
• Fuji Electric Co., Ltd. (Japan)
• Royal Vendors, Inc. (U.S.)
• Sanden Holdings Corporation (Japan)
• Rhea Vendors Group Spa (Italy)
• Seaga (U.S.)
• Jofemar Corporation (U.S.)
• Sielaff GmbH & Co (Germany)
• BIANCHI INDUSTRY SPA (Italy)
• N&W Global Vending S.p.A. (Italy)

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Key industry developments of intelligent vending machine market:

• Fuji Electric announced to be the capital investor of Fuji Electric Tsugaru Semiconductor company for growth in the manufacturing of SiC power semiconductors.
• Azkoyen Group, a leading Spanish technology multinational company that provides automated products and services that give people unique experiences in their daily lives, has unveiled a new version of its Nebular platform at the Venitalia Worldwide Vending Show.
• Dominus Capital, L.P. affiliates are engaged with Seaga Manufacturing, Inc., a leading platform of dispensing solutions and inventory vending for the water filtration, industrial, food and beverage, and healthcare laundry markets.
• >Azkoyen Group, an international Spanish technology company that offers automated goods and services, has partnered with eye-tracking technology developer Irisbond to launch a fully eye-controlled coffee machine.
• Global Vending S.p.A. partnered with Saeco. This partnership aids the company to improve its food vending machine services comprising hot and cold beverages along with coffee.

Drivers and restraints of intelligent vending machine market:

• Driver: Increasing Demand for Contactless SolutionsThe growing preference for contactless transactions in public spaces drives the adoption of intelligent vending machines, offering a more hygienic and convenient option.
• Driver: Technological AdvancementsAdvances in IoT, AI, and payment technologies enhance the functionality of intelligent vending machines, making them more appealing to both operators and consumers.
• Driver: Growing UrbanizationUrbanization and the increase in busy lifestyles lead to a higher demand for automated solutions like intelligent vending machines for quick and easy access to products.
• Restraint: High Initial InvestmentThe substantial capital required for purchasing and setting up intelligent vending machines can be a significant barrier for small businesses and new entrants.
• Restraint: Technical Complexity and MaintenanceTechnical issues and the need for regular maintenance of sophisticated vending machines can lead to operational challenges and increased costs for operators.

Regional Insights:

• North America (By Machine Type, By Product Type, By Application)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Machine Type, By Product Type, By Application)

• • U.K. (By Application)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe

• Asia Pacific (By Machine Type, By Product Type, By Application)

• • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific

• Middle East & Africa (By Machine Type, By Product Type, By Application)

• • GCC Countries (By Application)
  • South Africa (By Application)
  • Rest of Middle East and Africa

• Latin America (By Machine Type, By Product Type, By Application)

• • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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