London / UK. (tnv) The increasing adoption of vending machines to improve customer shopping experience is one of the crucial factors driving the vending machine market growth. Moreover, vending machines do not require the intervention of any executives. Therefore, vending machines are a one-time investment that enables increased customer satisfaction and cost savings as they are available throughout the year. This industry research report presents a competitive analysis of the market by product (low-end vending machines and intelligent vending machines) and geography (Americas, APAC, and EMEA).
Competitive vendor landscape
The global vending machine market is highly competitive with major vendors such as Azkoyen Group, Crane, Fuji Electric, Glory, and Sanden Holdings Corporation based on their price, quality, and product/service offerings. «The growing demand for retrofitting of vending machines is one of the significant trends gaining traction over the last couple of years. By installing the latest software packages, retrofit solutions facilitate users to upgrade their existing conventional vending machines to smart vending machines. Technological upgrades like cashless payments, LCD, outlook design, and big data integration are some of the features provided in retrofit machines. Thus, such advantages are expected to boost market growth for the next coming years, largely,» says a senior analyst at Technavio market research.
Top five vending machine market vendors
Azkoyen Group: Azkoyen Group operates in three segments – vending machines, payment methods, and technology and system security. The company offers vending machines that can be used for hot and cold beverages, cigarettes, and others.
Crane: Crane runs its operations through four segments – fluid handling, payment and merchandising technologies, aerospace and electronics, and engineered materials. The company offers drinks, snack and food, coffee, and other types of vending machines under its sub-brand Crane Merchandising Systems.
Fuji Electric: Fuji Electric runs its operations through four segments – power electronics systems, power and new energy, electronic devices, and food and beverage distribution. The company offers multipurpose vending machines, hot and cold can vending machines, Fuji Electric coin mechanism, Fuji Electric bill validator, and others.
Glory: The company Glory runs its operations through five segments – overseas market, financial market, retail and transportation market, amusement market, and others. It offers cigarette vending machines, ticket vending machines, and others.
Sanden Holdings Corporation: Sanden Holdings Corporation runs its operations through three segments – automotive systems business group, commercial store systems business group, and other business group. The company offers different types of vending machines for cold beverages, milk beverages, coffee, tea, flex vendors, ice-cream, cup-noodles, and others.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Tender Food: successfully closes Series A funding
- Aramark: now lets autonomous floor cleaning robots do the work
- Santander Bank: opens another »Work Café« in Florida
- Ülker: accelerates digitalization and tech investments
- Enifer Oyi: secures 36 million euro funding package
- Coop: Tomatoes from Sweden no longer a rarity
- Fossil-free transport: ICA takes a step forward with hydrogen gas
- Lantmännen Group: in talks on Food Strategy 2.0
- Växthuset: Business-driven and circular ideas in focus
- BBU: Commences Multi-Site Microgrid Energy System
- Chipotle: Doubles Commitment To Cultivate Next Venture Fund
- Bühler: brings the entire protein value chain under one roof
- Oterra A/S: forms pioneering partnership with Vaxa Technologies
- Conagra Brands: Uncovers Hottest Frozen Food Trends
- Kroger: CIO Discusses Digital Innovation Trends 2024
- What’s on the menu? RaboResearch Outlook 2024
- Fazer: promotes green transition with renewable gas
- Bakery bites U.S.: Looking back and looking ahead
- Walmart: Offers a Glimpse into the Future of Retail
- Enifer: secures 12 million Euro grant to build first factory