San Francisco 24 April 2019 The Report Intelligent Vending Machines Market Analysis By Type (Hot Drinks, Snacks, Packaged
Drinks), By Application (QSR, Shopping Malls, & Retail Stores, Offices,
Public Transport), By Region, And Segment Forecasts, 2018 - 2025
The global intelligent vending machines market is expected to reach USD 11.84 billion by 2025, according
to a new study by Grand View Research, Inc. The surge in the penetration of
self-services technology across North America and Europe is anticipated to
drive the industry growth over the next nine years. Intelligent vending
machines incorporate energy efficient electronic equipment including efficient
lighting components, such as LEDs, compressors, and sensors, that help in
conserving energy.
Industry players are progressively
participating and promoting initiatives, such as Refrigerants and Naturally!,
that help in eliminating and minimizing the release of hydrofluorocarbons (HFC)
from vending machines. This is subsequently impelling the demand for HFC-free
products such as intelligent vending systems.
The incorporation of ground-breaking
features, such as voice and face recognition that enables interaction between
the machine and the consumer, is energizing the industry growth prospects.
These features add intelligence to the systems by detecting and responding to
consumers and offer a dynamic visual experience with interactive promotions.
The increasing consumer preference toward
cashless payments is a favorable trend observed in the market. The acceptance
of payments through technologies, such as Near-field Communication (NFC), is
instrumental in driving public interest owing to the easier, faster, and
contactless modes of payment. These modes help in decreasing the cash
management costs and subsequently decrease threats such as theft and vandalism.
Intelligent dispensing systems help in
gaining insights regarding consumer behavior, preferences, and buying patterns.
Interactive displays help vendors to generate more revenue through the display of
advertisements and loyalty programs.
Access Research Report of Intelligent Vending Machines Market
@ http://www.grandviewresearch.com/industry-analysis/intelligent-vending-machines-industry
Further key findings from the study suggest:
· The hot drinks type segment dominated the
industry, accounting for more than 62% of the overall volume due to the surging
demand for refreshment drinks
· Office vending systems are expected to gain
momentum as they facilitate employees to grab a quick snack in between breaks
without the need of placing an order and waiting for it to be processed
· The Asia Pacific region is predicted to
emerge as the fastest growing market due to the increased demand in public
transport applications in emerging countries, such as India and China
· Prominent vendors operating in the market
include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen
Group, and Rhea Vendors Group
· Increased focus on research and development
activities and adoption of inorganic growth strategies are being observed in
the industry
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has
segmented the global intelligent vending machines market on the basis of type,
application, and region:
Type Outlook (Revenue, USD Million; Volume,
Thousand Units; 2014 - 2025)
·
Hot drinks
·
Snacks
·
Packaged drinks
·
Others
Application Outlook (Revenue, USD Million;
Volume, Thousand Units; 2014 - 2025)
·
QSR, shopping malls, and retail stores
·
Offices
·
Public transport
·
Others
Regional Outlook (Revenue, USD Million;
Volume, Thousand Units; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Intelligent Vending Machines Market@ https://www.grandviewresearch.com/press-release/global-intelligent-vending-machines-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
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