In the past two decades, customer shopping behavior has drastically altered. Retail outlets and grocers have largely remained immune to digital disruption until now. Seizing opportunities are vending machines. In all its glory, the vending machines market is riding the wave of profitable growth with seamless dispensing of beverages, confectionery and food. Projected to grow at a dexterous 6% during the forecast period (2020-2030), the vending machines market are globe-trotting on an innovative operating model. Further, high investments in cashless transactions are giving significant traction to the vending machines market.
On a less positive note, the market is witnessing lackluster demand with the ongoing COVID-19 pandemic which has been detrimental to multiple industries. Its effects on the vending machines market have been profound amidst stringent lockdowns. The market is expected to show prominent growth in the aftermath. Novel vending machines dispensing essentials and healthcare products are projected to emerge as prolific trend setters in the vending machines market.
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Fact.MR’s study has done the segmentation of the market on the basis of vending type, use case, and region.
- Beverages Vending
- Food Products Vending
- Confectionery Products Vending
- Others Products Vending
- Corporate offices
- Shopping Malls and Retail Stores
- Educational Institutions
- Hotels & Restaurants
- North America
- Latin America
- East Asia
- South Asia & Oceania
In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of the market, along with the profiles of major companies contributing to the market expansion.
Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of vending machines, has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.