Intelligent Vending Machine Market Size, Share, Trends, Analysis and Forecasts To 2021

Market Research analysts forecast the global intelligent vending machine market to grow at a CAGR of 38.24% during the period 2017-2021.
The following companies as the key players in the global intelligent vending machine market: Crane, Coin Acceptors, Cubic, and Fuji Electric.
Other Prominent Vendors in the market are: American Vending Machines, Bianchi Vending, Bulk Vending Systems, Canteen, Continental Vending, Fresh Healthy Vending International, Glory, and Royal Vendors.

Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is customization and personalization option. Intelligent vending machines offer personalization and customization options. These machines can be tailored based on the color, size, space, dispensing rate, server support, scanning tools, and value-added services such as web-based interaction. Vendors also offer content for their interactive platforms and custom messaging options including advertising.

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According to the report, one of the major drivers for this market is growing adoption of intelligent vending machines in retail. The retail industry is one of the major end users of intelligent vending machines. This is primarily because of the enhanced interaction with customers that these machines allow at retail outlets. In key growth economies China and India, the retail industry is seeing rapid growth, indicating huge growth prospects in these countries for the vending machine market. New intelligent vending machines in the market can even collect customer data, enabling retailers to customize their service and product offerings as per the needs of customers.

Further, the report states that one of the major factors hindering the growth of this market is increasing vandalism and theft. Increasing vandalism at connected vending machines is affecting the industry. As a result of vandalism, vendors of connected vending machines are losing thousands of dollars in repair costs. Also, there has been an increase in theft at intelligent vending machines.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Intelligent Vending Machine

The vending machine industry has evolved over the years. The addition of connectivity to vending machines has equipped the devices with more features. Additionally, the machines can now provide hot and cold beverages, snacks, and food. The intelligent/connected vending machines save a significant amount of time for end users as they offer real-time inventory tracking. Touchscreen capabilities, near-field communication-based (NFC-based) transactions, and cashless transactions are some of the distinguishing features these machines offer. They also support branding and advertising.

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Covered in this report

The report covers the present scenario and the growth prospects of the global intelligent vending machine market for 2017-2021. To calculate the market size, the report considers the revenue generated from manufacturer sales of intelligent vending machines.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Intelligent Vending Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Crane
Coin Acceptors
Cubic
Fuji Electric
Other prominent vendors
American Vending Machines
Bianchi Vending
Bulk Vending Systems
Canteen
Continental Vending
Fresh Healthy Vending International
Glory
Royal Vendors
Market driver
Growing adoption of intelligent vending machines in retail
For a full, detailed list, view our report

Market challenge
Increasing vandalism and theft
For a full, detailed list, view our report

Market trend
Customization and personalization option
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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