The Retail Vending Machine Global Market Report 2023, provides comprehensive information on the retail vending machine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global retail vending machine market size is expected to grow from $41.18 billion in 2022 to $44.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.99%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global retail vending machine market size is expected to reach $62.85 billion in 2027 at a CAGR of 8.7%.
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Product innovation is a key trend in the retail vending machine market. Major companies operating in the market are advancing toward developing innovative products. For instance, in July 2021, Cherise India Private Limited, an India-based company operating in vending machine, launched IoT and Android-based tea vending kiosk. Cherise’s user-friendly smart vending kiosks have their own exclusive IoT dashboard and app for managing operations. In contrast to other vending operators, Cherise gives its customers access to an IoT vending platform that offers real-time data on consumer consumption trends, inventory, and payment at the touch of a button.
The retail vending machine market is segmented:
1) By Type: Food, Beverage, Games or Amusement, Tobacco, Candy and Confectionery, Beauty and Personal Care, Ticket, Other Types
2) By Payment Mode: Cash Retail Vending Machine, Cashless Retail Vending Machine
3) By Application: Retail Vending Machine for Commercial Places, Retail Vending Machine for Offices, Retail Vending Machine for Public Places, Retail Vending Machine for Other Applications
North America was the largest region in the retail vending machine market in 2022.
The table of contents in TBRC’s retail vending machine market report includes:
- Executive Summary
- Retail Vending Machine Market Characteristics
- Retail Vending Machine Market Trends And Strategies
- Retail Vending Machine Market – Macro Economic Scenario
- Retail Vending Machine Market Size And Growth
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- Africa Retail Vending Machine Market
- Retail Vending Machine Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Retail Vending Machine Market
- Retail Vending Machine Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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