According to a new market report published by Lucintel, the future of the intelligent vending machine market looks promising with opportunities in the office, community buildings, retail stores, and restaurants. The intelligent vending machine (IVM) market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $11.1 billion by 2025 with a CAGR of 7% to 9% from 2020 to 2025. The major drivers for this market are increasing adoption of vending machine to enhance customer shopping experience and growing demand for advance vending machine with inventory & transaction management and digital advertising features.
Browse 113 market data tables and 137 figures spread through 204 pages and in-depth TOC on “Intelligent Vending Machine Market"
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In this market, different types of intelligent vending machine such as beverages, candy/snack, food, and others are used as application. On the basis of comprehensive research, Lucintel forecasts that the beverages will remain the largest segment due to increasing demand for various beverages such as cold drinks, alcohol, juices and energy drinks. Lucintel predicts that food is expected to witness the highest growth over the forecast period due to increasing demand for easily accessible and ready to eat food products.
Within the intelligent vending machine market, offices will remain the largest end use due to increasing installation of IVM for employee refreshment. Retail store is expected to witness highest growth over the forecast period due to increasing demand of intelligent vending machine for fast and easy operations within the retail stores.
North America will remain the largest region due to increasing adoption of self-service technology and emergence of new business models. APAC is expected to witness highest growth over the forecast period as these machines are becoming a major distribution channels for fast moving consumer goods.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced technologies, such as smartphone interaction with facial, gesture, and voice control system and usage of data analytics for enhanced customer experience. Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors are the major intelligent vending machine manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the intelligent vending machine market by application type, end use industry type, height type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Intelligent Vending Machine Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the intelligent vending machine market by application type, end use industry type, height type, and region as follows:
By Application Type [$M shipment analysis from 2014 to 2025]:
Beverages
Candy/Snack
Food
Others
By End Use Industry Type [$M shipment analysis from 2014 to 2025]:
Offices
Community Buildings
Restaurants
Retail Stores
Others
By Height [$M shipment analysis from 2014 to 2025]:
65-75 Inches
25-35 Inches
By Region [$M shipment analysis from 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
Germany
The United Kingdom
France
Russia
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This 204-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/intelligent-vending-machine-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.