Intelligent Vending Machines Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The intelligent vending machines are equipped with smart sensors and solutions, enabling customers and users to interact unconventionally. These vending machines have engaging touch controls and other gesture-based interaction along with cashless payment facilities. Increased installation of these machines in public places such as airports and railways are creating a favorable scenario for industry players. Moreover, the development of smart cities is also expected to increase the demand for intelligent vending solutions in the coming years.
MARKET DYNAMICS
The intelligent vending machines market is expected to soar in the forecast period owing to driving factors such as the growing trend of cashless transactions coupled with demand for effective UI-based operations. Growing penetration of the internet worldwide is yet another factor fueling market growth. However, stringent regulations concerning the sale of junk food may hinder the growth of the intelligent vending machines market during the forecast period. On the other hand, emergence of the internet of things and connected devices are likely to create future opportunities for the players operating in the intelligent vending machines market in future.
MARKET SCOPE
The "Global Intelligent Vending Machines Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of intelligent vending machines market with detailed market segmentation by product type, installation site, and geography. The global intelligent vending machines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading intelligent vending machines market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global intelligent vending machines market is segmented on the basis of product type and installation site. Based on product type, the market is segmented as beverages, snacks, and others. On the basis of the installation site, the market is segmented as offices, retail stores, public places, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global intelligent vending machines market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The intelligent vending machines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting intelligent vending machines market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the intelligent vending machines market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global intelligent vending machines market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The intelligent vending machines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting intelligent vending machines market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the intelligent vending machines market in these regions.
MARKET PLAYERS
The reports cover key developments in the intelligent vending machines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from intelligent vending machines market are anticipated to lucrative growth opportunities in the future with the rising demand for intelligent vending machines in the global market. Below mentioned is the list of few companies engaged in the intelligent vending machines market.
The report also includes the profiles of key intelligent vending machines companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Automated Merchandising Systems Inc.
- Azkoyen Group
- Crane Merchandising Systems Ltd
- Evoca Group
- FAS INTERNATIONAL S.P.A.
- Fuji Electric Co., Ltd.
- Intel Corporation
- The Coca-Cola Company
- Vendors Exchange International, Inc.
- Westomatic Vending Services Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Intelligent Vending Machines Market - By Product Type
1.3.2 Intelligent Vending Machines Market - By Installation Site
1.3.3 Intelligent Vending Machines Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. INTELLIGENT VENDING MACHINES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INTELLIGENT VENDING MACHINES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INTELLIGENT VENDING MACHINES MARKET - GLOBAL MARKET ANALYSIS
6.1. INTELLIGENT VENDING MACHINES - GLOBAL MARKET OVERVIEW
6.2. INTELLIGENT VENDING MACHINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INTELLIGENT VENDING MACHINES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BEVERAGES
7.3.1. Overview
7.3.2. Beverages Market Forecast and Analysis
7.4. SNACKS
7.4.1. Overview
7.4.2. Snacks Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. INTELLIGENT VENDING MACHINES MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION SITE
8.1. OVERVIEW
8.2. INSTALLATION SITE MARKET FORECASTS AND ANALYSIS
8.3. OFFICES
8.3.1. Overview
8.3.2. Offices Market Forecast and Analysis
8.4. RETAIL STORES
8.4.1. Overview
8.4.2. Retail Stores Market Forecast and Analysis
8.5. PUBLIC PLACES
8.5.1. Overview
8.5.2. Public Places Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INTELLIGENT VENDING MACHINES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Intelligent Vending Machines Market Overview
9.1.2 North America Intelligent Vending Machines Market Forecasts and Analysis
9.1.3 North America Intelligent Vending Machines Market Forecasts and Analysis - By Product Type
9.1.4 North America Intelligent Vending Machines Market Forecasts and Analysis - By Installation Site
9.1.5 North America Intelligent Vending Machines Market Forecasts and Analysis - By Countries
9.1.5.1 United States Intelligent Vending Machines Market
9.1.5.1.1 United States Intelligent Vending Machines Market by Product Type
9.1.5.1.2 United States Intelligent Vending Machines Market by Installation Site
9.1.5.2 Canada Intelligent Vending Machines Market
9.1.5.2.1 Canada Intelligent Vending Machines Market by Product Type
9.1.5.2.2 Canada Intelligent Vending Machines Market by Installation Site
9.1.5.3 Mexico Intelligent Vending Machines Market
9.1.5.3.1 Mexico Intelligent Vending Machines Market by Product Type
9.1.5.3.2 Mexico Intelligent Vending Machines Market by Installation Site
9.2. EUROPE
9.2.1 Europe Intelligent Vending Machines Market Overview
9.2.2 Europe Intelligent Vending Machines Market Forecasts and Analysis
9.2.3 Europe Intelligent Vending Machines Market Forecasts and Analysis - By Product Type
9.2.4 Europe Intelligent Vending Machines Market Forecasts and Analysis - By Installation Site
9.2.5 Europe Intelligent Vending Machines Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Intelligent Vending Machines Market
9.2.5.1.1 Germany Intelligent Vending Machines Market by Product Type
9.2.5.1.2 Germany Intelligent Vending Machines Market by Installation Site
9.2.5.2 France Intelligent Vending Machines Market
9.2.5.2.1 France Intelligent Vending Machines Market by Product Type
9.2.5.2.2 France Intelligent Vending Machines Market by Installation Site
9.2.5.3 Italy Intelligent Vending Machines Market
9.2.5.3.1 Italy Intelligent Vending Machines Market by Product Type
9.2.5.3.2 Italy Intelligent Vending Machines Market by Installation Site
9.2.5.4 United Kingdom Intelligent Vending Machines Market
9.2.5.4.1 United Kingdom Intelligent Vending Machines Market by Product Type
9.2.5.4.2 United Kingdom Intelligent Vending Machines Market by Installation Site
9.2.5.5 Russia Intelligent Vending Machines Market
9.2.5.5.1 Russia Intelligent Vending Machines Market by Product Type
9.2.5.5.2 Russia Intelligent Vending Machines Market by Installation Site
9.2.5.6 Rest of Europe Intelligent Vending Machines Market
9.2.5.6.1 Rest of Europe Intelligent Vending Machines Market by Product Type
9.2.5.6.2 Rest of Europe Intelligent Vending Machines Market by Installation Site
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Intelligent Vending Machines Market Overview
9.3.2 Asia-Pacific Intelligent Vending Machines Market Forecasts and Analysis
9.3.3 Asia-Pacific Intelligent Vending Machines Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Intelligent Vending Machines Market Forecasts and Analysis - By Installation Site
9.3.5 Asia-Pacific Intelligent Vending Machines Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Intelligent Vending Machines Market
9.3.5.1.1 Australia Intelligent Vending Machines Market by Product Type
9.3.5.1.2 Australia Intelligent Vending Machines Market by Installation Site
9.3.5.2 China Intelligent Vending Machines Market
9.3.5.2.1 China Intelligent Vending Machines Market by Product Type
9.3.5.2.2 China Intelligent Vending Machines Market by Installation Site
9.3.5.3 India Intelligent Vending Machines Market
9.3.5.3.1 India Intelligent Vending Machines Market by Product Type
9.3.5.3.2 India Intelligent Vending Machines Market by Installation Site
9.3.5.4 Japan Intelligent Vending Machines Market
9.3.5.4.1 Japan Intelligent Vending Machines Market by Product Type
9.3.5.4.2 Japan Intelligent Vending Machines Market by Installation Site
9.3.5.5 South Korea Intelligent Vending Machines Market
9.3.5.5.1 South Korea Intelligent Vending Machines Market by Product Type
9.3.5.5.2 South Korea Intelligent Vending Machines Market by Installation Site
9.3.5.6 Rest of Asia-Pacific Intelligent Vending Machines Market
9.3.5.6.1 Rest of Asia-Pacific Intelligent Vending Machines Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Intelligent Vending Machines Market by Installation Site
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Intelligent Vending Machines Market Overview
9.4.2 Middle East and Africa Intelligent Vending Machines Market Forecasts and Analysis
9.4.3 Middle East and Africa Intelligent Vending Machines Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Intelligent Vending Machines Market Forecasts and Analysis - By Installation Site
9.4.5 Middle East and Africa Intelligent Vending Machines Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Intelligent Vending Machines Market
9.4.5.1.1 South Africa Intelligent Vending Machines Market by Product Type
9.4.5.1.2 South Africa Intelligent Vending Machines Market by Installation Site
9.4.5.2 Saudi Arabia Intelligent Vending Machines Market
9.4.5.2.1 Saudi Arabia Intelligent Vending Machines Market by Product Type
9.4.5.2.2 Saudi Arabia Intelligent Vending Machines Market by Installation Site
9.4.5.3 U.A.E Intelligent Vending Machines Market
9.4.5.3.1 U.A.E Intelligent Vending Machines Market by Product Type
9.4.5.3.2 U.A.E Intelligent Vending Machines Market by Installation Site
9.4.5.4 Rest of Middle East and Africa Intelligent Vending Machines Market
9.4.5.4.1 Rest of Middle East and Africa Intelligent Vending Machines Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Intelligent Vending Machines Market by Installation Site
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Intelligent Vending Machines Market Overview
9.5.2 South and Central America Intelligent Vending Machines Market Forecasts and Analysis
9.5.3 South and Central America Intelligent Vending Machines Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Intelligent Vending Machines Market Forecasts and Analysis - By Installation Site
9.5.5 South and Central America Intelligent Vending Machines Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Intelligent Vending Machines Market
9.5.5.1.1 Brazil Intelligent Vending Machines Market by Product Type
9.5.5.1.2 Brazil Intelligent Vending Machines Market by Installation Site
9.5.5.2 Argentina Intelligent Vending Machines Market
9.5.5.2.1 Argentina Intelligent Vending Machines Market by Product Type
9.5.5.2.2 Argentina Intelligent Vending Machines Market by Installation Site
9.5.5.3 Rest of South and Central America Intelligent Vending Machines Market
9.5.5.3.1 Rest of South and Central America Intelligent Vending Machines Market by Product Type
9.5.5.3.2 Rest of South and Central America Intelligent Vending Machines Market by Installation Site
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INTELLIGENT VENDING MACHINES MARKET, KEY COMPANY PROFILES
11.1. AUTOMATED MERCHANDISING SYSTEMS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AZKOYEN GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRANE MERCHANDISING SYSTEMS LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EVOCA GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FAS INTERNATIONAL S.P.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FUJI ELECTRIC CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INTEL CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THE COCA-COLA COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VENDORS EXCHANGE INTERNATIONAL, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WESTOMATIC VENDING SERVICES LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Automated Merchandising Systems Inc.
2. Azkoyen Group
3. Crane Merchandising Systems Ltd
4. Evoca Group
5. FAS INTERNATIONAL S.P.A.
6. Fuji Electric Co., Ltd.
7. Intel Corporation
8. The Coca-Cola Company
9. Vendors Exchange International, Inc.
10. Westomatic Vending Services Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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