According to a new market report published by Lucintel, the future of the intelligent vending machine market looks promising with opportunities in the office, community buildings, retail stores, and restaurants. The intelligent vending machine (IVM) market is expected to reach an estimated $26.8 billion by 2024 with a CAGR of 28.2% from 2019 to 2024. The major drivers for this market are increasing adoption of vending machine to enhance customer shopping experience and growing demand for advance vending machine with inventory & transaction management and digital advertising features.
Browse 113 market data tables and 137 figures spread through 204 pages and in-depth TOC on “Intelligent Vending Machine Market”
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In this market, different types of intelligent vending machine such as beverages, candy/snack, food, and others are used as application. On the basis of comprehensive research, Lucintel forecasts that the beverages will remain the largest segment due to increasing demand for various beverages such as cold drinks, alcohol, juices and energy drinks. Lucintel predicts that food is expected to witness the highest growth over the forecast period due to increasing demand for easily accessible and ready to eat food products.
Within the intelligent vending machine market, offices will remain the largest end use due to increasing installation of IVM for employee refreshment. Retail store is expected to witness highest growth over the forecast period due to increasing demand of intelligent vending machine for fast and easy operations within the retail stores.
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North America will remain the largest region due to increasing adoption of self-service technology and emergence of new business models. APAC is expected to witness highest growth over the forecast period as these machines are becoming a major distribution channels for fast moving consumer goods.
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Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced technologies, such as smartphone interaction with facial, gesture, and voice control system and usage of data analytics for enhanced customer experience. Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors are the major intelligent vending machine manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the intelligent vending machine market by application type, end use industry type, height type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Intelligent Vending Machine Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the intelligent vending machine market by application type, end use industry type, height type, and region as follows:
By Application Type [$M shipment analysis from 2013 to 2024]:
By End Use Industry Type [$M shipment analysis from 2013 to 2024]:
- Community Buildings
- Retail Stores
By Height [$M shipment analysis from 2013 to 2024]:
- 65-75 Inches
- 25-35 Inches
By Region [$M shipment analysis from 2013 to 2024]:
- North America
– United States
– The United Kingdom
- Asia Pacific
– South Korea
- The Rest of the World
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This 204-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/intelligent-vending-machine-market.aspx or firstname.lastname@example.org
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the IVM market by application (Beverages, candy/snack, food, and others), by end-use (Office, community buildings, restaurants, retail stores, and others), by height (65-75 Inches, and 25-35 Inches), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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