Global Intelligent Vending Machine Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Intelligent Vending Machine Market Size, Share & Trends Analysis Report by Product Type (Beverages, Snacks and Others), by Mode of Payment (Cash Payment, Card Payment and Others), and by End-User (Shopping Malls, Public Transport, Corporate Offices and Others) and Forecast, 2019 - 2025
A vending machine is an equipment that gives out stored item in exchange for money. An intelligent vending machine is the evolved version of the vending machine that is installed with better features. There is a high growth opportunity in this market due to the increasing adoption of innovative technologies such as sound recognition and increased user interactivity. Additionally, technological advancement along with the production of energy efficient vending machine is driving the growth of the market. Other drivers such as making transaction with the use of smartphone or smartcard are benefiting in the growth of the market. However, high cost of installation and upgradation, government regulations regarding the sale of fast food near schools and tobacco in public areas and low-profit margin on these machines are some of the restraint to the growth of intelligent vending machine market.
The global intelligent vending machine market can be segmented on the basis of product type, mode of payment and end-user. The mode of payment segment of the market can be further classified into cash payment, card payment and others (smartphones). Among these, the cash payment mode is estimated to have considerable market share mainly due to a large number of people still sticking to basic payment mode. The other modes of payment are expected to show the fastest growth for the forecast period due to the easier payment with the use of smartphones or smartcards. On the basis of end-user, it can be further classified into shopping malls, public transport, corporate offices and others. The shopping mall segment will capture the largest market share owing to the increase in the number of footfalls in the malls and other shopping centers.
The global intelligent vending machine market is further segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to hold the largest market shares. This is mainly due to the lifestyle of people in this region and the presence of major market players such as Crane Merchandising Systems and Intel Corp. Asia-Pacific is expected to show the fastest market growth in the global intelligent vending machine market during the forecast period. The growing acceptance of self-service technologies along with technological advancement in various countries such as China, India, and Thailand are driving the market in this region.
Key vendors operating in the global intelligent vending machine market are Bianchi Industry SpA, Crane Merchandising Systems, Fuji Electric Co., Ltd., Azkoyen S.A. and Intel Corp. among others. These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market. For instance, In August 2018, Azkoyen Group entered into an agreement with the JSC Georgian Railways to install its vending machine in the new trains running on the route connecting Tbilisi and coast of Batumi. The machine contains coin and banknote readers with an ability to distinguish and discard fake notes and coins.>
The market study of the global intelligent vending machine market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behaviour and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for manufacturers of vending machine, , investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
5.1.3 Others (Bakery Products)
5.3.1 Shopping Malls
5.3.2 Public Transport
5.3.3 Corporates Offices
5.3.4 Others (Tourist Place, Quick Service Restaurant)