The global food and beverage industry is growing at a faster pace, which has intensified the demand for food vending machines over the past few years. It is basically an electronic device that doles out beverages, snacks, alcohol, and other items in lieu of certain amounts of money that have been put into the machine.
The global food and beverage vending machines market is currently growing at a significant pace and is anticipated to observe stupendous growth over the next seven years until 2023. Rising disposable income, along with the rise in the retail sector, is anticipated to expand the growth of the food and beverage vending machine market over the forecast period.
At present, North America was the largest market for food and beverage vending machines in 2015. Following it, Europe grabbed the second-largest share in the total revenue of the food and beverage vending machine market. The Asia Pacific region is expected to be dominant over the forecast period due to increasing incidences of new hot beverages in China and India, which are anticipated to drive the growth of the market in the region.
The global food and beverage vending machine market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global food and beverage vending machines market is segmented on the following bases:
By Type of Product
Food vending machine
Snack and Beverage Machine
Frozen Food Machine
Candy vending machine
Milk vending machine
Other Vending Machines
Beverage vending machine
hot beverage machine
Cold Beverage Machine
Other Vending Machines
By End-Use
Corporate Offices
Hotels and Restaurants
Corporate Offices
Others
By Geography
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Russia
Rest of Europe
Asia Pacific
Japan
China
India
Australasia
Rest of APAC
Rest of the World
Latin America
Brazil
rest of Latin America
Middle East and Africa
Africa
Key players identified across the value chain in the food and beverage vending machines market include but are not limited to:
GTECH Corp., Cantaloupe Systems, American Vending Machine, Innovative Vending Solutions, American Vending Machine Inc., Abbeyfield Technology Pty Ltd., Bianchi Vending Group SpA, USA Technologies, and others
This report offers the following:
An overview of the global food and beverage vending machine market
Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
A general overview of the industry structure
Company profiles highlight key information about the major players operating in the global Food & Beverage Vending Machines market.
This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the Food & Beverage Vending Machines market.
Frequently Asked Questions:
The market for Food & Beverage Vending Machines is expected to reach XX Mn in 2023
The Food & Beverage Vending Machines is expected to see significant CAGR growth over the coming years, at XX%
