Beverage Vending Machine Market
Beverage Vending Machine Market By Product (Hot Beverage Vending Machine , Cold Beverage Vending Machine) , By The Beverage (Coffee , Tea , Milk , And Other Drinks) - Global Market Insights 2021 To 2031
Analysis of Beverage Vending Machine Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Beverage Vending Machine Market Forecast and CAGR
According to the latest survey report by Fact.MR, demand for beverage vending machines will increase in 2021. In the current scenario, the global market will witness a significant shift in sales of vending machines.
The market research report from Fact.MR tracks the market sales for 2016 to 2021. However, the forecasting period of the beverage-vending machine market will be 2021 to 2031.
Key Developments in Beverage Vending Machine Landscape
In a step towards advancement, key manufacturers such as Innovative Vending Solutions LLC are adopting Artificial Intelligence (AI) and smartphone interaction features. Due to this, the consumer will be able to pull up the real-time inventory.
Moving in the queue, other manufacturers like Abberfield Technology are focusing on energy-saving vending and Facial recognition software for smart purchases. It will prevent the consumer from buying restricted products on the basis of personalized buying history.
The trend in beverage vending machines has revolutionized the retail market. The convenience of automated dispensing and cash-free acceptance propels the installation rate. Subsequently, the retail market will be dominated by beverage vending machines in the forthcoming future.
Due to shift in consumer buying behavior and increasing urbanization, the demand is expected to skyrocket. The developed economies are already witnessing the strong demand of beverage vending machines due to the rapidly changing lifestyle.
The high installation cost somehow confines the growth of vending market. However, the manufacturers are finding vending solutions to upscale the growth. The installation of beverage vending machines in hotels and airports surge the demand in the global market.
The manufacturers are stepping towards smart and sophisticated innovations to surplus the demand. For instance, the high-definition screens and advanced vending software are likely to increase the utility of beverage vending machines.
The beverage vending machine market is anticipated to stay in demand in upcoming years. Moreover, the self-inventory feature will reduce the man-work. This will ultimately make it an ideal choice for beverage dispensing.
Introduction:
The advancement in technology and elimination of middlemen led to the establishment of vending machines. The vending machine is an easily accessible way of selling or offering goods and services via machines.
The electronically run vending machines are coin or swipe card operated and provide different products such as beverages, snacks, cigarettes and non-food merchandise such as tools, shoes, umbrellas and other products.
The beverage vending machine holds the core business for the vending machine industry. The beverage vending machines offer different types of hot and cold beverages and water.
The significant growth of the food and beverage industry is the critical factor that stimulates the global beverage-vending machine market. The beverage vending machine is capable of providing products at any time acquiring little space.
The acceptance and prevalence of beverage vending machines are giving rise to innovation in the industry and growth of the global market over the forecast period.
Key trends Driving Demand for Beverage Vending Machine:
The significant growth of the packaged beverage industry is one of the critical driving factors fuelling the growth of the vending machine market.
The increasing demand for ready-to-drink or packaged beverages among consumers is the driving factor that is stimulating the growth of the beverage vending machine industry.
In hotels and restaurants, beverage vending machine has been established additionally to attract consumers and to provide extra service to the guests with an influential sale of the product.
The establishment of a beverage vending machine in restaurants, hotels, and airports is expected to boost the growth of the global market. The instant service and variety of products offered by a beverage vending machine attracts consumers and drives the growth of the global market.
Moreover, the beverage vending machine provides cashless payment options such as smartphone payment systems which boost the growth of the market over the forecast period. The high initial installation cost of beverage vending machines restraints the growth of the global market.
Beverage Vending Machine Sales across Key Regions:
The global beverage-vending machine market can be segmented into seven regions as North America, Latin America, Europe, Japan, APEJ (the Asia Pacific excluding Japan), CIS & Russia and MEA.
Among all the regions, North America is expected to hold the highest share of the beverage-vending machine market due to the preference for the packaged beverages among consumers.
The growth of packaged beverage industry is expected to play a crucial role in the growth of the global beverage vending machine market. The APEJ region is anticipated to show healthy growth for the beverage-vending machine market over the forecast period.
China and India are considered to show robust growth for the beverage vending market due to the rise in the beverage industry among the growing urban population. CIS & Russia and MEA region are predicted to show moderate growth for the beverage vending market.
According to our insights, the global beverage vending machine market will grow significantly over the forecast period, 2021 to 2031.
Competitive Interface:
Key manufacturers of Beverage vending machines are:
- Innovative Vending Solutions LLC, Abberfield Technology Pty. Ltd, Fuji Electric Co. Ltd., Bulk Vending Systems Ltd, GTECH Corp, Cantaloupe Systems Inc.,
- American Vending Machine Inc., Azkoyen SA, UK Vending Ltd, Bianchi Vending Group SpA and USA Technologies Inc. among others.
Analysis:
This analytical research study imparts an all-inclusive assessment on the market while propounding historical intelligence, actionable insights, and industry-validated & statistically upheld market forecast. A verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.
Information and analysis on key market segments incorporated in the report have been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
- Technology
Regional Segments:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on a quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain.
Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed.
The qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Report Highlights:
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Segmentation:
-
The beverage vending machine can be segmented by product as
- Hot beverage vending machine
- Cold beverage vending machine.
-
The hot beverages offered by the beverage vending machine are
- Coffee
- Tea
- Milk
- And other drinks.
-
The cold beverage vending machine holds a significant share of the global sales and offers products such as
- Cold drinks
- Fruit juices
- Soda
- Beer
- And some other cold beverages.
-
The beverage vending machine is further segmented by the end-user industry which comprises
- Corporate offices
- Hotels
- Schools
- Colleges
- Airports
- Railway or metro stations
- Quick serving restaurants
- And others.
The considerable share of the market is expected to hold by the quick serving restaurants for the global beverage.
The revenue generation of beverage vending machine industry through railway or metro stations and airports is expected to boost the growth of the worldwide market.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product
- 6.2. Hot Beverages
- 6.3. Cold Beverage
- 6.4. End-User Industry
- 7. Global Market Analysis and Forecast, By Product
- 7.1. Hot beverage vending machine
- 7.2. Cold beverage vending machine
- 8. Global Market Analysis and Forecast, By Hot Beverages
- 8.1. Coffee
- 8.2. Tea
- 8.3. Milk
- 8.4. Other drinks
- 9. Global Market Analysis and Forecast, By Cold Beverage
- 9.1. Cold drinks
- 9.2. Fruit juices
- 9.3. Soda
- 9.4. Beer
- 9.5. Other cold beverages
- 10. Global Market Analysis and Forecast, By End-User Industry
- 10.1. Corporate offices
- 10.2. Hotels
- 10.3. Schools
- 10.4. Colleges
- 10.5. Airports
- 10.6. Railway or metro stations
- 10.7. Quick serving restaurants
- 10.8. Others
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. Asia Pacific
- 11.6. East Asia
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Product, Hot Beverages, Cold Beverage, and End-User Industry for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Innovative Vending Solutions LLC
- 21.2. Abberfield Technology Pty. Ltd
- 21.3. Fuji Electric Co. Ltd.
- 21.4. Bulk Vending Systems Ltd
- 21.5. GTECH Corp
- 21.6. Cantaloupe Systems Inc.
- 21.7. American Vending Machine Inc.
- 21.8. Azkoyen SA
- 21.9. UK Vending Ltd
- 21.10. Bianchi Vending Group SpA
- 21.11. USA Technologies Inc.
List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product
Table 3: Global Market US$ Mn Forecast by Hot Beverages
Table 4: Global Market US$ Mn Forecast by Cold Beverage
Table 5: Global Market US$ Mn Forecast by End-User Industry
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Product
Table 8: North America Market US$ Mn Forecast by Hot Beverages
Table 9: North America Market US$ Mn Forecast by Cold Beverage
Table 10: North America Market US$ Mn Forecast by End-User Industry
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Product
Table 13: Latin America Market US$ Mn Forecast by Hot Beverages
Table 14: Latin America Market US$ Mn Forecast by Cold Beverage
Table 15: Latin America Market US$ Mn Forecast by End-User Industry
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Product
Table 18: Western Europe Market US$ Mn Forecast by Hot Beverages
Table 19: Western Europe Market US$ Mn Forecast by Cold Beverage
Table 20: Western Europe Market US$ Mn Forecast by End-User Industry
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Product
Table 23: Eastern Europe Market US$ Mn Forecast by Hot Beverages
Table 24: Eastern Europe Market US$ Mn Forecast by Cold Beverage
Table 25: Eastern Europe Market US$ Mn Forecast by End-User Industry
Table 26: Asia Pacific Market US$ Mn Forecast by Country
Table 27: Asia Pacific Market US$ Mn Forecast by Product
Table 28: Asia Pacific Market US$ Mn Forecast by Hot Beverages
Table 29: Asia Pacific Market US$ Mn Forecast by Cold Beverage
Table 30: Asia Pacific Market US$ Mn Forecast by End-User Industry
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Product
Table 33: East Asia Market US$ Mn Forecast by Hot Beverages
Table 34: East Asia Market US$ Mn Forecast by Cold Beverage
Table 35: East Asia Market US$ Mn Forecast by End-User Industry
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Product
Table 38: MEA Market US$ Mn Forecast by Hot Beverages
Table 39: MEA Market US$ Mn Forecast by Cold Beverage
Table 40: MEA Market US$ Mn Forecast by End-User Industry
List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Hot Beverages
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Cold Beverage
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User Industry
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
What will be the demand outlook for beverage vending machine market?
The beverage vending machine market is expected to garner a market value of US$ 20 Billion by the end of 2031.
Which region will spearhead the growth in beverage vending machine market?
North America is expected to possess 39% market share for beverage vending machine market in the forecast period 2021 to 2031.
What is the anticipated growth of the beverage vending machine market until 2031?
The beverage vending machine market is expected to register a CAGR of 5.5% in the forecast period 2021 to 2031.
Beverage Vending Machine Market