Overview:
Global food and beverage industry is growing at a higher pace and has intensified the demand for food vending machines over the past few years. It is basically an electronic device which dole out beverages, snacks, alcohol, and others in lieu of certain amount of money which has been put into machine.
The global food & beverage vending machines market is currently growing at a significant pace and is anticipated to observe stupendous growth over the next seven years till 2023. Rising disposable income along with the rise in retail sector is anticipated to expand the growth of food and beverage vending machine market over the forecast period.
At present, North America is the largest market for food & beverage vending machines in 2015. Followed by it, Europe grabbed the second largest share in the total revenue of food & beverage vending machines 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 is anticipated to drive the growth of the market in the region.
The global food & beverage vending machines market is mainly concentrated in the North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Food & Beverage Vending Machines market is segmented on the following bases:
- By Type of Products
- Food Vending Machine
- Snack Beverage Machine
- Frozen Food Machine
- Candy Vending Machine
- Milk Vending Machine
- Other Vending Machine
- Beverage Vending Machine
- Hot Beverage Machine
- Cold Beverage Machine
- Other Vending Machine
- By End-Use
- Corporate Offices
- Hotels and Restaurants
- Corporate Offices
- Others
- By Geography
- North America
- Europe
- U.K.
- France
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australasia
- Rest of APAC
- Rest of World
- Latin America
- Brazil
- Rest of Latin America
- Middle-East & Africa
- Africa
Key Players Identified Across the Value Chain in the Food & Beverage Vending Machines Market include but are not limited to:
GTECH Corp, Cantaloupe Systems, American Vending Machine, Innovative Vending Solutions, American Vending Machine Inc., Abberfield Technology Pty Ltd., Bianchi Vending Group SpA, USA Technologies, and others.
This report offers:
- An overview of the Global Food & Beverage Vending Machines market
- Market trends assessment for the period 2016-2023, with historical information for 2013 & 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, launch, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global Food & Beverage Vending Machines market
- This report includes 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
