Intelligent Vending Machines Market Size, Share & Forecast to 2027

Global Intelligent Vending Machines Market Size, Share, Trends, Industry Growth by Type (Free-Standing, Wall-Mounted), by Product (Beverage, Food, Tobacco, Others), by Technology, by Application, by Region, and Forecast to 2027 Report ID: RC4355 | Report Format: PDF + Excel | Last Updated: June 25th, 2023

The global intelligent vending machines market size is expected to witness a significant CAGR of around 12% during the forecast period 2021 to 2027. The increasing demand for cashless & hassle-free services and the rising adoption of self-service technology are some of the major factors to drive the market growth. Furthermore, the growing penetration of IoT-enabled devices and the growing deployment of smart kiosks are further expected to fuel the market growth. Moreover, the integration of new technologies such as AI, IoT, voice recognition, face recognition, cashless payments, and others is expected to boost the market over the forecast period. However, the stringent regulation regarding tobacco products and junk food is a major factor to restrain the market.

Market Drivers:

Technological Advancements: Intelligent vending machines leverage advanced technologies such as artificial intelligence (AI), machine learning, Internet of Things (IoT), and computer vision. These technological advancements enable features such as real-time inventory tracking, personalized recommendations, cashless payments, touchless interfaces, and interactive displays, enhancing the overall customer experience.

Shift in Consumer Behavior: There has been a shift in consumer preferences towards convenience and self-service options. Intelligent vending machines provide a convenient and automated purchasing experience, enabling consumers to access products quickly and efficiently without the need for human intervention. This aligns with the changing consumer behavior and contributes to the popularity of intelligent vending machines.

Customization and Personalization: Intelligent vending machines can offer customized and personalized experiences to consumers. Through AI algorithms and data analytics, these machines can analyze consumer preferences, purchase history, and demographics to provide tailored product recommendations and promotions. This personalization enhances customer engagement and increases the likelihood of sales.

Cashless Payments and Digital Transactions: The widespread adoption of digital payment methods and the decline in cash usage have significantly influenced the growth of intelligent vending machines. These machines often support various cashless payment options, including mobile payments, contactless cards, and digital wallets, providing convenience and flexibility to consumers while promoting faster transactions.

Improved Inventory Management: Intelligent vending machines are equipped with sensors and connectivity capabilities that enable real-time inventory tracking. This allows operators to monitor stock levels, track product popularity, and optimize replenishment processes. The data-driven approach helps reduce out-of-stock situations, minimize inventory waste, and streamline supply chain operations.

Rising Focus on Health and Wellness: There is an increasing demand for healthier snack and beverage options. Intelligent vending machines are now offering a wide range of healthier alternatives, including organic products, fresh food, and beverages with reduced sugar and additives. This aligns with the growing emphasis on health and wellness among consumers, contributing to the adoption of intelligent vending machines.

Market Expansion Opportunities: Intelligent vending machines are finding application beyond traditional locations such as airports and shopping malls. They are being deployed in various environments, including offices, universities, hospitals, gyms, and public spaces. This market expansion creates new revenue streams and opportunities for intelligent vending machine manufacturers and operators.

Sustainability and Green Initiatives: Intelligent vending machines can contribute to sustainability efforts by promoting eco-friendly practices. They can be designed with energy-efficient features, utilize recyclable materials, and provide options for refilling or reusing containers. These initiatives resonate with environmentally conscious consumers and organizations, driving the demand for intelligent vending machines.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		~ 12% (2023-2030)
Largest Market Share		Asia Pacific
Analysis Period		2020-2030
Market Players		Azkoyen Vending Systems, Fuji Electric Co., Ltd., American Vending Machines, Automated Merchandising Systems, and Bulk Vending Systems

Market Insights:

The global intelligent vending machines market is bifurcated into type, product, technology, application, and geography. On the basis of product, the market is further segmented into beverage, food, tobacco, and others. The beverage segment held the largest market share in 2020 in terms of revenue. The high demand for hot drinks such as coffee and tea among consumers for instant refreshment is a major factor to drive the segment growth. Furthermore, the growing demand for carbonated drinks, fruit juices, alcoholic drinks, and others are further expected to fuel the segment growth over the forecast period. The capability to maintain temperature associated with machines for hot drinks and cold drinks are other factors to increase the demand for intelligent vending machines.

On the basis of application, the market is segmented into retail sites, public transport hubs, offices, institutions, and others. The public transport hub segment dominated the global intelligent vending machines market in 2020 and accounted to hold the largest revenue share of around one-third of the market by the end of the analysis period. The increasing demand for convenient food among consumers is a primary factor to drive the segment growth. Furthermore, the increasing adoption of cashless and self-service technologies at public places is further expected to fuel the segment growth over the forecast period.

Intelligent Vending Machines Market Growth

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The intelligent vending machines comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The intelligent vending machines market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Type:

Free-Standing
Wall-Mounted

By Product:

Beverage
Food
Tobacco
Others

By Technology:

Cashless System
Telemetry System
Voice Recognition

By Application:

Retail Site
Public Transport Hub
Office
Institution
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the Asia Pacific dominated the global intelligent vending machines market in 2020 and accounted to hold the largest market share of over one-third of the market by the end of the analysis period. The large consumer base and the increasing installation of the product in various countries such as China, Japan is a major factor to drive the market growth in the region. Furthermore, the growing population, increasing investment, and the growing tourism industry is further expected to increase the demand for intelligent vending machines in the Asia Pacific.

Competitive Assessment:

Some of the major market players operating in the global intelligent vending machines market are Azkoyen Vending Systems, Fuji Electric Co., Ltd., American Vending Machines, Automated Merchandising Systems, and Bulk Vending Systems. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Azkoyen Vending Systems
Fuji Electric Co., Ltd.
American Vending Machines
Automated Merchandising Systems
Bulk Vending Systems
Bianchi Industry SpA
Evoca Group
Continental Vending, Inc.
Crane Merchandising Systems
Sanden Holdings Corporation

Key Questions Answered by Intelligent Vending Machines Market Report

Global intelligent vending machines market forecasts from 2021-2027
Regional intelligent vending machines market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
Intelligent vending machines submarket forecasts from 2021-2027 covering the market by type, by product, by technology, by application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about intelligent vending machines market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level intelligent vending machines markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the intelligent vending machines market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Intelligent Vending Machines Market Portraiture
2.2. Global Intelligent Vending Machines Market, by Type, 2020 (USD Mn)
2.3. Global Intelligent Vending Machines Market, by Product, 2020 (USD Mn)
2.4. Global Intelligent Vending Machines Market, by Technology, 2020 (USD Mn)
2.5. Global Intelligent Vending Machines Market, by Application, 2020 (USD Mn)
2.6. Global Intelligent Vending Machines Market, by Geography, 2020 (USD Mn)

3. Global Intelligent Vending Machines Market Analysis

3.1. Intelligent Vending Machines Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Intelligent Vending Machines Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Free-Standing
4.3. Wall-Mounted

5. Global Intelligent Vending Machines Market By Product, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Beverage
5.3. Food
5.4. Tobacco
5.5. Others

6. Global Intelligent Vending Machines Market By Technology, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Cashless System
6.3. Telemetry System
6.4. Voice Recognition

7. Global Intelligent Vending Machines Market By Application, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. Retail Site
7.3. Public Transport Hub
7.4. Office
7.5. Institution
7.6. Others

8. North America Intelligent Vending Machines Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
8.1.3. North America Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
8.1.4. North America Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
8.1.5. North America Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
8.1.6. North America Intelligent Vending Machines Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
8.1.6.1.3. U.S. Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
8.1.6.1.4. U.S. Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
8.1.6.2.2. Canada Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
8.1.6.2.3. Canada Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
8.1.6.2.4. Canada Intelligent Vending Machines Market by Application (2018-2027 USD Mn)

9. Europe Intelligent Vending Machines Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.3. Europe Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.4. Europe Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.5. Europe Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
9.1.6. Europe Intelligent Vending Machines Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.6.1.2. Germany Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.6.1.3. Germany Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.6.1.4. Germany Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.6.2.3. U.K. Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.6.2.4. U.K. Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.6.3.2. France Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.6.3.3. France Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.6.3.4. France Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.6.4.2. Italy Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.6.4.3. Italy Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.6.4.4. Italy Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Intelligent Vending Machines Market by Application (2018-2027 USD Mn)

10. Asia Pacific Intelligent Vending Machines Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
10.1.3. Asia Pacific Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
10.1.4. Asia Pacific Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
10.1.5. Asia Pacific Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
10.1.6. Asia Pacific Intelligent Vending Machines Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
10.1.6.1.2. China Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
10.1.6.1.3. China Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
10.1.6.1.4. China Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
10.1.6.2.2. Japan Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
10.1.6.2.3. Japan Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
10.1.6.2.4. Japan Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Intelligent Vending Machines Market by Application (2018-2027 USD Mn)

11. Latin America (LATAM) Intelligent Vending Machines Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
11.1.3. Latin America Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
11.1.4. Latin America Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
11.1.5. Latin America Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
11.1.6. Latin America Intelligent Vending Machines Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
11.1.6.1.3. Brazil Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
11.1.6.1.4. Brazil Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
11.1.6.2.3. Mexico Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
11.1.6.2.4. Mexico Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Intelligent Vending Machines Market by Application (2018-2027 USD Mn)

12. Middle East and Africa Intelligent Vending Machines Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
12.1.3. MEA Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
12.1.4. MEA Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
12.1.5. MEA Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
12.1.6. Middle East and Africa Intelligent Vending Machines Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
12.1.6.1.2. GCC Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
12.1.6.1.3. GCC Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
12.1.6.1.4. GCC Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
12.1.6.2.3. South Africa Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
12.1.6.2.4. South Africa Intelligent Vending Machines Market by Application (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Intelligent Vending Machines Market by Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Intelligent Vending Machines Market by Product (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Intelligent Vending Machines Market by Technology (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Intelligent Vending Machines Market by Application (2018-2027 USD Mn)

13. Company Profiles

13.1. Azkoyen Vending Systems
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Fuji Electric Co., Ltd.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. American Vending Machines
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Automated Merchandising Systems
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Bulk Vending Systems
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Bianchi Industry SpA
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Evoca Group
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Continental Vending, Inc.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Crane Merchandising Systems
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Sanden Holdings Corporation
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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