Overview and Scope
Vending machine operators are individuals that are engaged in retailing merchandise through vending machines. These vending machines are useful for contactless selling of goods.
Sizing and Forecast
The vending machine operators market size has grown rapidly in recent years. It will grow from <b>$50.29 billion in 2023 to $55.95 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. </b> The growth in the historic period can be attributed to convenience, product variety, cost-effective retail, location flexibility, cash and card payments.
The vending machine operators market size is expected to see rapid growth in the next few years. It will grow to <b>$86.33 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. </b> The growth in the forecast period can be attributed to technological advancements, health and wellness trends, customization and personalization, sustainability. Major trends in the forecast period include cashless payments, healthy and sustainable options, smart vending machines, customization and personalization.
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Segmentation & Regional Insights
The vending machine operators market covered in this report is segmented –
1) By Machine Type: Beverages Vending Machine, Food Products Vending Machine, Confectionery Products Vending Machine, Others Products Vending Machine
2) By Product: Soft Drinks, Candy And Snacks, Hot Beverages, Hot And Cold Meal Products, Ice Cream, Other Products
3) By Use Case: Corporate Offices, Shopping Malls And Retail Stores, Educational Institutions, Hotels And Restaurants, Other Use Cases
<b>Asia-Pacific</b> was the largest region in the vending machine operators market in 2023. <b>North America</b> was the second-largest region in the vending machine operators market. The regions covered in the vending machine operators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing demand for on-the-go snacks, drinks, and others is expected to drive the vending machine operators market. Vending machines offer the comfort of buying things on the go without the need to enter or stand in the queue of stores. For instance, as per the Japan Times, there are 5 million vending machines in Japan. In addition to this, according to Vending Market Watch, there are more than 4.6 million vending machines in the USA as most people are busy and find it easy to pick things up on the go without wasting time buying things. This advantage of buying things on-the-go aids in the growth of the vending machine operators market.
Key Industry Players
Major companies operating in the vending machine operators market include <b>American Dining Creations Inc., Aramark Corporation, Aurora Vending Inc., AVI Foodsystems Inc., Bitewell Inc., Bottoms Up Vending LLC, Canteen Vending Services Inc., Compass Group USA Inc., Continental Vending Inc., Crane Merchandising Systems Inc., Deere & Company, EVOCA Group S.p.A., Fuji Electric Co. Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Limited, JOFEMAR SA, Komatsu Ltd., Liebherr-International AG, Mars Drinks North America LLC, PepsiCo Inc., Royal Vendors Inc., SANDEN HOLDINGS CORPORATION, Seaga Manufacturing Inc., Sany Group Co. Ltd., Selecta Group B.V., SnackTime Services Ltd., Atlas Copco AB, The Coca-Cola Company, Westomatic Vending Services Ltd., The Wittern Group Inc.</b>
The vending machine operators market report table of contents includes:
1. Executive Summary
2. Vending Machine Operators Market Characteristics
3. Vending Machine Operators Market Trends And Strategies
4. Vending Machine Operators Market – Macro Economic Scenario
5. Global Vending Machine Operators Market Size and Growth
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26. South America Vending Machine Operators Market
27. Brazil Vending Machine Operators Market
28. Middle East Vending Machine Operators Market
29. Africa Vending Machine Operators Market
30. Vending Machine Operators Market Competitive Landscape And Company Profiles
Top Major Players:
- American Dining Creations Inc
- Aramark Corporation
- Aurora Vending Inc
- AVI Foodsystems Inc
- Bitewell Inc
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