Global Food and Beverages Vending Machine Market was valued at US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The growing popularity of vending machines is the key driving force factor impacting the vending machine food and beverages market positively. Because of the popularity and the convenience factor offered by the machine, there is a rise in vending machines in schools and offices. The number of vending machines in developed countries like Japan and the U.S is increasing. It is observed that over 50% of the total sales of products through vending machines comes from colas and cold drinks. Innovation and intelligence in vending machines are transmuting vending experiences.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on end-use, hotel & restaurants is expected to contribute the highest in terms of revenue. Credit-card acceptance proposals convenience and also healthier food option is attributed to this growth. Additionally, revenue through an airport is predicted to play an important role in food and beverages vending machine market globally.
On the basis of type, beverage vending machine segment is expected the dominating the global market during the forecast period. The beverage vending machine is further divided into a hot beverage machine, a cold beverage machine and another vending machine. Nevertheless, cold beverages vending machine is likely to contribute the highest in terms of revenue.
However, soda/ liquor/ beer/wine vending machines are expected to show significant growth during the forecast period.In terms of region, North America is the largest market for food & beverage vending machines in 2017. Followed by it, Europe has taken the second largest share in the total revenue of food & beverage vending machines market. The Asia Pacific region is expected to be dominant during the forecast period because of the increasing incidences of new hot beverages in China and India is anticipated to drive the growth of the market in the region.
Fuji Electric Co., Ltd is one of the leading players in the global market for food & beverages vending machine. Fuji Electric together with its companies operates in the power electronics systems, power and new energy, electronic devices, and food and beverage distribution businesses globally. The company’s food and beverage distribution segment offers beverage and food/goods vending machines and store distribution equipment, for instance, showcases and automatic change dispensers.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Food and Beverages Vending Machine Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Food and Beverages Vending Machine Market.
Scope of the Global Food and Beverages Vending Machine Market
Global Food and Beverages Vending Machine Market, By Type
• Food Vending Machine
o Snack Beverage Machine
o Frozen Food Machine
o Candy Vending Machine
o Milk Vending Machine
o Other Vending Machine
• Beverage Vending Machine
o Hot Beverage Machine
o Cold Beverage Machine
o Other Vending Machine
Global Food and Beverages Vending Machine Market, By End-Use
• Corporate Offices
• Hotels and Restaurants
Global Food and Beverages Vending Machine Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Food and Beverages Vending Machine Market
• Mondelez International
• THE COCA-COLA COMPANY
• Fuji Electric
• Innovative Vending
• Bulk Vending Systems
• Uk Vending
• American Vending Machine
• Abberfield Technology
• Bianchi Vending
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