Global Vending machines report from Global Insight Services is the single authoritative source of intelligence on Vending machines market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A vending machine is a machine that dispenses items such as snacks, drinks, cigarettes and lottery tickets to consumers after money, a credit card, or a specially designed card is inserted into the machine. The first modern vending machines were developed in England in the early 1880s and were used to sell tobacco and cigarettes. Vending machines soon spread to other countries, and by the early 20th century, they were common in the United States, Japan, and Europe.
Vending machines are an important part of the retail industry, and they can be found in a variety of locations, including supermarkets, convenience stores, airports, and office buildings. Vending machines are commonly used to sell snacks, drinks, and cigarettes, but they can also be used to sell other items, such as lottery tickets and phone cards.
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Market Segments
By Application
- Commercial Places
- Offices
- Public Places
- Others
By Payment Mode
- Cash
- Cashless
Key Players
- Azkoyen Group.
- Fuji Electric Co., Ltd.
- Jofemar Corporation.
- Royal Vendors, Inc.
- Bianchi Industry Spa
- Crane Company.
- Fastcorp Vending Llc.
- Sandenvendo America, Inc.
- Seaga Manufacturing, Inc.
- Selecta Group B.V.
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Key Drivers
There are several reasons for the growth of the vending machine market. One is the increasing number of people who are working. This means that more people are working longer hours and have less time to go to the store.
Another reason for the growth of the vending machine market is the rise in disposable incomes. In the United States, the median household income has grown from about $25,000 in 1970 to more than $79,900 in 2021. This means that more people have the money to spend on convenience foods and drinks.
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