The global intelligent
vending machines market is expected to reach USD 11.84 billion by
2025, according to a new study by Grand View Research, Inc. The surge in the
penetration of self-services technology across North America and Europe is
anticipated to drive the industry growth over the next nine years. Intelligent
vending machines incorporate energy efficient electronic equipment including
efficient lighting components, such as LEDs, compressors, and sensors, that
help in conserving energy.
Industry players are progressively participating and
promoting initiatives, such as Refrigerants and Naturally!, that help in
eliminating and minimizing the release of hydrofluorocarbons (HFC) from vending
machines. This is subsequently impelling the demand for HFC-free products such
as intelligent vending systems.
The incorporation of ground-breaking features, such as
voice and face recognition that enables interaction between the machine and the
consumer, is energizing the industry growth prospects. These features add
intelligence to the systems by detecting and responding to consumers and offer
a dynamic visual experience with interactive promotions.
The increasing consumer preference toward cashless
payments is a favorable trend observed in the market. The acceptance of
payments through technologies, such as Near-field Communication (NFC), is
instrumental in driving public interest owing to the easier, faster, and
contactless modes of payment. These modes help in decreasing the cash
management costs and subsequently decrease threats such as theft and vandalism.
Intelligent dispensing systems help in gaining
insights regarding consumer behavior, preferences, and buying patterns.
Interactive displays help vendors to generate more revenue through the display
of advertisements and loyalty programs.
Browse full research report on Intelligent Vending Machines Market: https://www.grandviewresearch.com/industry-analysis/intelligent-vending-machines-industry
Further
key findings from the study suggest:
- The hot drinks type segment dominated the industry, accounting for
more than 62% of the overall volume due to the surging demand for
refreshment drinks
- Office vending systems are expected to gain momentum as they
facilitate employees to grab a quick snack in between breaks without the
need of placing an order and waiting for it to be processed
- The Asia Pacific region is predicted to emerge as the fastest
growing market due to the increased demand in public transport
applications in emerging countries, such as India and China
- Prominent vendors operating in the market include Crane Co.,
Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen Group, and Rhea
Vendors Group
- Increased focus on research and development activities and adoption
of inorganic growth strategies are being observed in the industry
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the global intelligent vending machines market on
the basis of type, application, and region:
Type
Outlook (Revenue, USD Million; Volume, Thousand Units; 2014 - 2025)
- Hot drinks
- Snacks
- Packaged
drinks
- Others
Application
Outlook (Revenue, USD Million; Volume, Thousand Units; 2014 - 2025)
- QSR, shopping
malls, and retail stores
- Offices
- Public
transport
- Others
Regional
Outlook (Revenue, USD Million; Volume, Thousand Units; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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