Global vending machines market revenues are expected to grow at a robust 5.7% CAGR between 2021 and 2031, reaching a value of US$ 12.57 Bn in 2021. As per Fact.MR analysis, key vending machine manufacturers are focusing on increasing their market share. Mergers & acquisitions, R&D, and strategic initiatives remain key focus areas.For instance, in May 2020, Selecta announced the launch of a range of convenient hygiene and safety solutions for public and private vending.
The Market Research Survey of Vending Machines by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand and growth. Sales Outlook of Vending Machines as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period. The market survey report also provides latest industry analysis on Vending Machines with key analysis of Vending Machines market drivers, trends, and influencing factors.
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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
Key questions answered in Vending Machines Market Survey Report:
- What is the current scenario and key trends in Vending Machines Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Vending Machines segments and their future potential?
- What are the major Vending Machines Market drivers and their expected impact during the short, medium, and long terms?
- What is the Vending Machines Market size and what are the opportunities for the key players?
Impact of Covid-19 on Vending Machines Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.
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Key Takeaways of Vending Machines Market Study:
- East Asia accounts for nearly one third share in the vending machines market and is expected grow 1.6X during the forecast period.
- Vending of confectionery products is expected to show higher growth over other segments during the forecast period, expanding 1.9X during the forecast period.
- Vending machines in shopping malls & retail stores are expected to show significant growth on back of an uptick in commercial spending, exhibiting a growth of 1.9X during the forecast period.
“Investments in refrigeration technology to increase shelf life of the products will immensely benefit manufacturers and increase demand in the long run. Addressing power consumption issues is expected to be supplemental to a simultaneous increase in demand”, says the Fact.MR analyst.
Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Identification of Vending Machines Market drivers, restraints and other forces impacting the global market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain.
- Evaluation of current Vending Machines market size, forecast and technological advancements within the industry.
- Key Vending Machines growth projections and highlights
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The Report Covers Exhaustive Analysis On:
- Vending Machines Market Drivers, Segments and Restraints.
- Vending Machines Market Survey and Dynamics
- Vending Machines Market Size & Demand
- Vending Machines Key Trends/Issues/Challenges
- Vending Machines Sales, Competition & Companies involved
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