The global vending machines market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Vending Machines Market Size, Share & Industry Analysis, By Type (Cashless, Cash enabled), By Deployment (Office Buildings, Commercial Places, Public Place), By Application (Food & Beverage, Medical supplies, Others (Toiletries, etc.)) and Regional Forecast, 2020-2027". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other vending machines market trends. The report is available for sale on the company website.
Key players operating in the global Vending Machines market are
Fuji Electric Co., Ltd.
Seaga Manufacturing Inc.
Westomatic Vending Services Ltd.
Royal Vendors, Inc.
Crane Merchandising Systems
The Coca-Cola Company
Stephens Vending Corp.
Betti Industries Inc.
The vending machine 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 machine. 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 have been installed in one of the prime education universities to promote student eating habits.
Regional Analysis for Vending Machines Market:
North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Vending Machines Market:
Key Vending Machines Market Insights
Global Market Analysis, Insights and Forecast, 2015-2026
North America Market Analysis, Insights and Forecast, 2015-2026
Europe Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
Latin America Market Analysis, Insights and Forecast, 2015-2026
Global Vending Machines Market Revenue Share Analysis, By Key Players, 2020
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