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.
Full research report on intelligent vending
machines market analysis: http://www.grandviewresearch.com/industry-analysis/intelligent-vending-machines-industry
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
View 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
View Press Release of this research
report by Grand View Research: 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.
For More Information: www.grandviewresearch.com
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.
For More Information: www.grandviewresearch.com
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