San Francisco, 26 April , Intelligent Vending Machines Market Analysis By Type (Hot Drinks,
Snacks, Packaged Drinks), By Application (QSR, Shopping Malls, & Retail
Stores, Offices, Public Transport), By Region, And Segment Forecasts, 2018 -
2025
The global intelligent vending machines market is
expected to reach USD 11.84 billion by 2025, according to a new study by Grand
View Research, Inc. The surge in the penetration of self-services technology
across North America and Europe is anticipated to drive the industry growth
over the next nine years. Intelligent vending machines incorporate energy
efficient electronic equipment including efficient lighting components, such as
LEDs, compressors, and sensors, that help in conserving energy.
Industry players are
progressively participating and promoting initiatives, such as Refrigerants and
Naturally!, that help in eliminating and minimizing the release of
hydrofluorocarbons (HFC) from vending machines. This is subsequently impelling
the demand for HFC-free products such as intelligent vending systems.
The incorporation of
ground-breaking features, such as voice and face recognition that enables
interaction between the machine and the consumer, is energizing the industry
growth prospects. These features add intelligence to the systems by detecting
and responding to consumers and offer a dynamic visual experience with
interactive promotions.
The increasing consumer
preference toward cashless payments is a favorable trend observed in the
market. The acceptance of payments through technologies, such as Near-field
Communication (NFC), is instrumental in driving public interest owing to the
easier, faster, and contactless modes of payment. These modes help in
decreasing the cash management costs and subsequently decrease threats such as
theft and vandalism.
Intelligent dispensing systems
help in gaining insights regarding consumer behavior, preferences, and buying
patterns. Interactive displays help vendors to generate more revenue through
the display of advertisements and loyalty programs.
Access Full Research
Report On Intelligent Vending Machines
Market Analysis:
Further key findings from the study suggest:
·
The hot drinks type segment
dominated the industry, accounting for more than 62% of the overall volume due
to the surging demand for refreshment drinks
·
Office vending systems are
expected to gain momentum as they facilitate employees to grab a quick snack in
between breaks without the need of placing an order and waiting for it to be
processed
·
The Asia Pacific region is
predicted to emerge as the fastest growing market due to the increased demand
in public transport applications in emerging countries, such as India and China
·
Prominent vendors operating in
the market include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A,
Azkoyen Group, and Rhea Vendors Group
·
Increased focus on research and
development activities and adoption of inorganic growth strategies are being
observed in the industry
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global intelligent vending machines market on the basis of type, application,
and region:
Type Outlook (Revenue, USD
Million; Volume, Thousand Units; 2014 - 2025)
·
Hot drinks
·
Snacks
·
Packaged drinks
·
Others
Application Outlook (Revenue,
USD Million; Volume, Thousand Units; 2014 - 2025)
·
QSR, shopping malls, and retail
stores
·
Offices
·
Public transport
·
Others
Regional Outlook (Revenue, USD
Million; Volume, Thousand Units; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-intelligent-vending-machines-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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