The Smart vending machine market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. A smart vending machine is an automated machine that provides products to the consumer without the involvement of staff or human assistance. Technological advancement in the vending machine market in terms of gesture sensing, cashless payment, NFC, touch panel and many more has made the machine more consumers friendly which is considered as the key driving factor for the growth of the market. Moreover growing automated retailing also fuels the demand of smart vending machines during the forecast period. However, rising security and privacy concerns are expected to restrain the growth of the market. North America region is expected to dominate the smart vending machine market owing to the early adoption of technology.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottoms-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Smart vending machine value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Smart vending machine market.
Major industry players profiled as part of the report are AAEON Electronics, Inc., Automated Merchandising Systems Inc, N&W Global Vending, Crane Merchandising Systems, Royal Vendors, Inc. and Rhea Vendors Group Spa among others.
The Smart vending machine market has been analyzed through following segments:
By End User
Malls and Retails Stores
Commercial and Corporate areas
Middle East and Africa
United Arab Emirates
Key insights offered
What will be the Smart vending machine market size from 2017 to 2023?
How are the major drivers and restraints affecting the Smart vending machine market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.