Global Vending Machine Market 2019-2023: Growing Preference for Customized Vending Machines

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Jan 02, 2019, 10:00 ET

DUBLIN, Jan 2, 2019 /PRNewswire/ --

The "Global Vending Machine Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The vending machine market will register a CAGR of almost 17% by 2023.

The rise in adoption of intelligent vending machines to propel growth in the market. Unlike conventional vending machines that just dispense products, intelligent vending machines have advanced features such as operations and inventory management, customer analytics, transaction management, software and platform management, and digital advertising and content management systems.

Market Overview

Evolution of cashless payments

There has been an exponential increase in cashless and digital modes of transactions over the past five years. The burgeoning trend in digital and cashless payments has promoted retailers to install vending machines that accept such payments to increase. Most branded vending machines are capital intensive and procuring their hardware and software involves huge capital investments.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Azkoyen Group and Crane, the competitive environment is quite intense. Factors such as the rise in adoption of intelligent vending machines and the evolution of cashless payments, will provide considerable growth opportunities to vending machine manufactures.

Azkoyen Group, Crane, Fuji Electric, GLORY, and Sanden Holdings Corporation are some of the major companies covered in this report.

With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the markets competitive landscape and offering information on the products offered by companies.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Comparison by product
Low-end vending machines
Intelligent vending machines
Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

Rise in adoption of intelligent vending machines
Increasing demand for retrofitting of vending machines
Growing preference for customized vending machines

PART 12: VENDOR LANDSCAPE

Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Azkoyen Group
Crane
Fuji Electric
GLORY
Sanden Holdings Corporation

For more information about this report visit https://www.researchandmarkets.com/research/p6hdtp/global_vending?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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SOURCE Research and Markets