Top 5 Vendors in the Global Vending Machine Market 2019-2023 | Technavio

Technavio has published a new market research report on the global vending machine market from 2019-2023 (Graphic: Business Wire)

LONDON--()--The increasing adoption of vending machines to improve customer shopping experience is one of the crucial factors driving the vending machine market growth. Moreover, vending machines do not require the intervention of any executives. Therefore, vending machines are a one-time investment that enables increased customer satisfaction and cost savings as they are available throughout the year. This industry research report presents a competitive analysis of the market by product (low-end vending machines and intelligent vending machines) and geography (Americas, APAC, and EMEA).

Competitive vendor landscape

The global vending machine market is highly competitive with major vendors such as Azkoyen Group, Crane, Fuji Electric, GLORY, and SANDEN HOLDINGS CORPORATION based on their price, quality, and product/service offerings.

“The growing demand for retrofitting of vending machines is one of the significant trends gaining traction over the last couple of years. By installing the latest software packages, retrofit solutions facilitate users to upgrade their existing conventional vending machines to smart vending machines. Technological upgrades like cashless payments, LCD, outlook design, and big data integration are some of the features provided in retrofit machines. Thus, such advantages are expected to boost market growth for the next coming years, largely,” says a senior analyst at Technavio

Top five vending machine market vendors

Azkoyen Group

Azkoyen Group operates in three segments - vending machines, payment methods, and technology and system security. The company offers vending machines that can be used for hot and cold beverages, cigarettes, and others.

Crane

Crane runs its operations through four segments - fluid handling, payment and merchandising technologies, aerospace and electronics, and engineered materials. The company offers drinks, snack and food, coffee, and other types of vending machines under its sub-brand Crane Merchandising Systems.

Fuji Electric

Fuji Electric runs its operations through four segments - power electronics systems, power and new energy, electronic devices, and food and beverage distribution. The company offers multipurpose vending machines, hot and cold can vending machines, Fuji Electric coin mechanism, Fuji Electric bill validator, and others.

GLORY

The company GLORY runs its operations through five segments - overseas market, financial market, retail and transportation market, amusement market, and others. It offers cigarette vending machines, ticket vending machines, and others.

SANDEN HOLDINGS CORPORATION

SANDEN HOLDINGS CORPORATION runs its operations through three segments - automotive systems business group, commercial store systems business group, and other business group. The company offers different types of vending machines for cold beverages, milk beverages, coffee, tea, flex vendors, ice-cream, cup-noodles, and others.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
technavio.com
media@technavio.com

Release Summary

The global vending machine market is highly competitive with major vendors competing based on their price, quality, and product/service offerings.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
technavio.com
media@technavio.com