Intelligent Vending Machines Market, By Type (Hot Drinks, Snacks, commodities, and Packaged Drinks), By Application (Fast Food Restaurant, Retail Stores, Public Transport, Hospitals, Business Center, Others (Shopping Malls, Airport, Hotels, Schools, and Railway Station)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2034

Report Code: PMI40219 | Publish Date: March 2024 | No. of Pages: 168

Global Intelligent Vending Machines Market Overview

A vending machine is an automated device which dispenses the items that are stored inside it with the exchange of coins or tokens. An intelligent vending machine engages shoppers with the help of touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment. Intelligent vending machine dispenses items such as beverages, packaged food, and tobacco products.

Global Intelligent Vending Machines Market Drivers & Restraints

Intelligent vending machines offers advance functions such as large digital touch display, internet connectivity, cameras and various types of sensors, more cost-effective embedded computing power, and digital signage. Owing to which these are highly adopted across the globe and propel growth of the target market. Increasing customer’s preferences toward cashless payments is a favorable trend observed in the market.

Payment acceptance through technologies such as near-field communication (NFC) in intelligent vending machines is another driving factor for the target market growth. These modes help in decreasing the cash management costs and subsequently decrease threats such as robbery and vandalism. However, stringent government rules and regulations associated with the sale of junk food and tobacco products expected to restrain the growth of the target market in the near future. 

Global Intelligent Vending Machines Market Segmentations & Regional Insights

The intelligent vending machines market has been segmented on the basis of type, application, and region.

On the basis of type the target market has been segmented into hot drinks, snacks, commodities, and packaged drinks. On the basis of application the target market has been segmented into fast food restaurant, shopping malls, retail stores, public transport, airport, hospitals, hotels, railway station, schools, and business center.

 Regional Insights:

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share in terms of revenue as compared to that of other regions. This can be attributed to the growing adoption of these machines in various end user applications such as fast food restaurant, shopping malls, retail stores, public transport, airport, hospitals, hotels, railway station, schools, and business center.

Global Intelligent Vending Machines Market Competitive Landscape & Key Players

Key players operating in the intelligent vending machines market includes Crane Co., Canteen Vending Services, Inc., Advantech Co. Ltd., Selecta Group AG, Bianchi Vending Group S.p.A, Cantaloupe Systems Inc., Intel Corporation, Glory Global Solutions Inc., Azkoyen Group, USA Technologies Inc., Rhea Vendors Group, MEI Inc., and Coin Acceptors Inc.

FAQs

The Global Intelligent Vending Machines market is segmented into basis of type, application, and region.

The global intelligent vending machine market is driven by an increase in demand for UI-based transactions, which is supplemented by an increase in the use of cashless transactions, the trend of instant gratification, an increase in reliance on ATM cards and mobile banking, rapid digitization, and internet penetration around the world.

By region, the U.S. market accounts for a large consumption of AI-based intelligent vending machines in the North America region.

The Key players operating in the global Intelligent Vending Machines market include Crane Co., Canteen Vending Services, Inc., Advantech Co. Ltd., Selecta Group AG, Bianchi Vending Group S.p.A, Cantaloupe Systems Inc., Intel Corporation, Glory Global Solutions Inc., Azkoyen Group, USA Technologies Inc., Rhea Vendors Group, MEI Inc., and Coin Acceptors Inc.