January 29, 2023

Vending Machines Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

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Sep 09, 2020 (The Expresswire) —
Fortune Business Insights offers a detailed overview of the global market in a report, titleVending Machines market refers to the machine that disperses the product after a sufficient amount of money is deposited into the machine. In the 1880s, Percival Everitt introduced a vending machine to disperse postcards. Soon after that, it has been utilized on railway stations and others. The vending machine has been a convenient and low-cost appliance that shrunk the store into a compact size revenue generator. The vending machines market is experiencing the changeover with the adoption of software management remote device technology to dispense products other than food and beverage products.

vending machines market offer products to people in different situations and environments. It has significant applications in case of medical supplies, food and beverage facilities, and others. In recent years, prominent players have introduced vending machines that can disperse toiletries, including face cloths, toothpaste, and electronic items such as cameras, pen drives, etc.

The cashless enabled vending machines market has the upper hand over cash enabled vending machine, owing to the growing demand for digital transactions. Furthermore, the companies are focusing on vending machines and related products primarily in North America, owing to their compact sizing. Also, key manufactures are opting for mergers and acquisitions with several payment service providers to meet the growing demand for cashless payment options. For instance, American food and vending partnered with PayRange, a mobile transaction solution for vending machines. The PayRange BluKey device is being installed across 35 cities in the United States.

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Key Market Driver

  • Instant delivery of packaged food
  • Adoption of cloud based technology for vending applications

Key Market Restraint

  • Strict regulations regarding food sales

Market Segmentation:

By type, the vending machines market is segmented into cashless, and cash enabled vending machine. Based on deployment, the market is bifurcated into office buildings, commercial places, and public places. By application, the market is segmented into Food and Beverage, Medical Supplies, and Others (Toiletries, etc.).

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key players operating in the global Vending Machines market are

  • Fuji Electric Co., Ltd.
  • Azkoyen S.A.
  • Seaga Manufacturing Inc.
  • Aramark Corporation
  • Bianchi Industry
  • Westomatic Vending Services Ltd.
  • Royal Vendors, Inc.
  • Crane Merchandising Systems
  • The Coca-Cola Company
  • Stephens Vending Corp.
  • Betti Industries Inc.

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Regional Analysis:

The vending machines market in North America is experiencing the dominance, owing to factors including high demand for Ready-to-Eat (RTE) meals and a rise in demand for vacuum-packed food. Moreover, there are approximately 5 million vending machines in the United States deployed in school, hospitals, workplaces, and others to track the inventory stored in the vending machines market . For instance, in October 2017, Seaga Manufacturing Inc. launched its industrial vending powerhouse to develop its industrial vending line, the Intelligent Inventory Control (IIC) that provides cloud-based technology to manage inventory control.

In the Asia Pacific, countries such as Japan, India, Australia, and New Zeeland are experiencing substantial growth with the effect of growing commercialization and increased demand for packaged food. In Australia, approximately 50 vending machines market have been installed in one of the prime education universities to promote student eating habits.

Segmentation of the Global Vending Machines Market, 2019 2026

By Type

By Deployment

  • Office Buildings
  • Commercial Places
  • Public Places

By Application

  • Food and Beverage
  • Medical supplies
  • Others (Toiletries, etc.)

By Region

  • North America (the USA, Canada and Rest of North America)
  • Europe (U.K., Germany, France, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

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Key Industry Developments

  • November 2019: –Azkoyen S.A. launched broad range of its vending machine, the Vitro S1, the Vitro S5 enabled with the Neo Touch and built-in payment method.
  • September 2017:Fuji Electric Co., ltd. acquired P.T. Metec Semarang held by Kubota and Kubota Vending Services Co., Ltd. to operate after sales services related to vending machines in Japan and oversea.

Key Research Objectives

  • Vending machines market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
  • Overall market size and growth rate for key countries for the 2015-2026 period
  • Market dynamics – Market drivers, restraints, trends and opportunities
  • Technological and market developments shaping the market
  • Competitive analysis
  • Profiles of key companies operating in the vending machines market
  • Key insights

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Press Release Distributed by The Express Wire

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