The market for Food & Beverage Vending Machines is expected to reach XX Mn in 2023
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
By End-Use
By Geography
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:
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%
The report is forecasted to 2016-2023.
The base year of this report is 2015.