Global $17.1 Billion Intelligent Vending Machines Market Trajectory & Analytics, 2012-2019 & 2020-2027: Gamification and Geo-fencing - Extending Frontiers in Vending Machine Industry - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Intelligent Vending Machines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Intelligent Vending Machines estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$17.1 Billion by 2027, growing at a CAGR of 14.8% over the analysis period 2020-2027.

Hot Drinks, one of the segments analyzed in the report, is projected to record a 15.3% CAGR and reach US$6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Soft Drinks segment is readjusted to a revised 16% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 14.2% CAGR

The Intelligent Vending Machines market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Snack & Food Segment to Record 14% CAGR

In the global Snack & Food segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Intelligent Vending Machines: A Digital Transformation in Vending
• Market Drivers for IVM
• Recent Market Activity
• Current & Future Analysis
• Developed Markets: Early Adopters of Intelligent Vending
• Developing Countries to Drive Future Growth
• Barriers and Challenges
• Cashless Payments Add Appeal
• Data Analytics Redefine Vending Business Model
• MicroMarket Vending - An Expanding Concept
• Advanced Platforms for Intelligent Vending Machines
• Companies Explore New Opportunities with Biometric Technologies
• Gamification and Geo-fencing - Extending Frontiers in Vending Machine Industry
• Digital Signage Systems Enhance Appeal of IVM
• AI in Machines to Offer Dynamism
• Changing the Mode of Human Interaction with Vending Machines
• Ability to Minimize Operational Costs Further Drives IVM Adoption
• User Friendly Interface of IVM Portends Significant Innovations
• Governmental Regulations Boost Intelligent Vending Machine Installations
• Enhanced Energy Efficiency of Intelligent Vending Machines Augurs Well for Growth
• Intelligent Vending Machines Propel Impulse Purchases
• Global Competitor Market Shares
• Intelligent Vending Machines Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• Vending Machine Manufacturers
• Azkoyen Group (Spain)
• Bianchi Vending Group S.p.A. (Italy)
• FAS International SpA (Italy)
• Fuji Electric Co., Ltd. (Japan)
• Glory Ltd. (Japan)
• Canteen Vending Services, Inc. (USA)
• Crane Co. (USA)
• MEI, Inc. (USA)
• Royal Vendors, Inc. (USA)
• SandenVendo America, Inc. (USA)
• Seaga Manufacturing, Inc. (USA)
• VE Global Vending, Inc. (USA)
• Jofemar SA (Spain)
• N&W Global Vending SpA (Italy)
• Rheavendors Group (Italy)
• Sanden Corp. (Japan)
• Westomatic Vending Services Ltd. (UK)
• Vending Solution Providers
• Advantech Co. Ltd. (Taiwan)
• Cantaloupe Systems Inc. (USA)
• Ingenico S.A. (France)
• Intel Corporation (USA)
• USA Technologies Inc. (USA)

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/gpp7vv