Technavio has been monitoring the intelligent vending machine market, operating under the information technology industry. The latest report on the intelligent vending machine market, 2020-2024 estimates it to register an incremental growth of USD 9.33 billion, 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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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 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 among some of the major market participants.
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Demand for cashless vending machines has been instrumental in driving the growth of the market. However, the rise in theft and vandalism might hamper market growth.
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Intelligent Vending Machine Market 2020-2024: Segmentation
Intelligent Vending Machine Market is segmented as below:
Based on geographic segmentation, over 38% of the market’s originated from North America during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Intelligent Vending Machine 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 machine market report covers the following areas:
Intelligent Vending Machine Market Size
Intelligent Vending Machine Market Trends
Intelligent Vending Machine Market Industry 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 Machine 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 Machine Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist intelligent vending machine market growth during the next five years
Estimation of the intelligent vending machine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the intelligent vending machine 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 machine market vendors
Table of Contents:
Value chain analysis
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 Segmentation by Product
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
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
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
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 positioning of vendors
Canteen Vending Services
FAS International Srl
Fuji Electric Co. Ltd.
Ingenico Group SA
Royal Vendors Inc.
Westomatic Vending Services Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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