Global Smart Vending Machine Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 by Goldstein Market Intelligence

Global Smart Vending Machine Market Outlook

Global Smart Vending Machine Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

Report Code :CR 1335

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Global Smart Vending Machine Market Size (USD Billion) & Growth Analysis Global Smart Vending Machine Market Size (USD Billion)-2016-2024

Sample Report

e l p

XX XX

XX 2016e

m a S

2017e

Source: Goldstein Research

2018f

2019f

2020f

2021f

2022f

2023f

2024f

Smart Vending Machine Market

is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Increased regulation is a key driver, including government mandated nutrition labeling (North America) and improved energy efficiency (APAC), which is being addressed by the adoption of LCD displays and telemetry, respectively impacting the growth of global smart vending machine market during the forecast period (2016-2024). Unlike the retail sector that have embraced digital as a means to improve operations and customer engagements, the vending industry has remained largely unchanged over the last 25 years. But exploding expectations of customers for flexible and convenient way to pay for purchases, smart vending machines is just the solution. Over the past 18 months, there has been a surge in interest by the vending machine industry to adopt new technologies. With over XX million vending machines installed worldwide. To be viable in the marketplace, vending operators are increasing efficiencies by implementing better route management and operational procedures, using human resources more cost-effectively, and improving machine maintenance procedures. Copyright

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Global Smart Vending Machine Market Outlook Global Smart Vending Machine Market Share(%), By Vending Machine Specialization-2016

Global Smart Vending Machine Market Size USD (Billion). 2016-2024 XX

XX%

CAGR: (2016-2024)

XX 2016e 2017e 2018f

Source: Goldstein Research

2019f

m a S 2020f

2021f

2022f

2023f

2024f

Beverages Dispensing Machine segment accounted for the highest market share XX% in Global Smart Vending Machine Market In 2016,

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Single specialized machines

Full-line machines

Source: Goldstein Research

With

XX% share in 2016, North

America dominated the Global Smart Vending Machine market

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Global Smart Vending Machine Market Outlook Sample Report  The global smart vending machine market is registering an impressive growth of XX % in 2016 and all the four regions Americas, Asia-Pacific, Europe, Middle East and Africa demonstrating positive growth prospects. North America stood as the largest smart vending machine market in 2016.  Asia Pacific is an opportunistic market for the growth of Smart Vending Machine market in the developed countries such as Japan and Singapore. Japan had the largest vending machine sales of USD XX billion in 2016. Japan old age population is highly dependent on the vending machines such that ratio of vending machine available for entire population is 1:24.

e l p

 Global shipments of intelligent vending machines are forecasted to grow at a XX% annual growth rate from 2010 to 2016, reaching around XX million units with both the new and retrofit markets combined.

m a Sample S

Commercial Facilities

Food & Beverages Supply

 Top food and beverage companies are taking the lead, currently testing advanced technologies, such as mobile payments, card readers, digital signage and user interactivity.

 Unlike the retail sector that have embraced digital as a means to improve operations customer engagements, the vending industry has remained largely unchanged over the last 25 years. But exploding expectations of customers for flexible and convenient way to pay for purchases, smart vending machines is just the solution.  North America has advanced agriculture practices, using aerial sprayers that covers precisely larger area. North America agriculture sprayers market valued USD XX billion in 2016. Moreover the agricultural investments are witnessed to continuously increasing at a rate of XX% annually.

Logistics and Transportation

Payment Method

Global Smart Vending Machine Market Size (USD Billion) North America

Europe

Asia-Pacific

2016

USD XX Billion

2024

USD XX Billion

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Growth Drivers

Sample Report Better Vending Solutions From Smart Vending Machines

Infrastructure Development Impacting Growth of Vending Industry

 The opportunities enabled by smartphones to make payments, interaction of machine to customer and its mobile for knowing product information and high graphics display of products, and detecting individual response are driving the growth of the market.

m a S

 The companies in competition are rethinking the machine operations and ways to increase the sales. Manufacturers are ready to incorporate new features in the hardware based machines. For instance the company IVA together with Intel have designed new smart vending black box, that can consolidate multiple hardware based workloads onto a single software defined platform (cloud based solution is enabling the new feature).

XX XX

XX XX XX

e or p a ng Si

r ta a Q

E UA

a n ia ay de ad ys w e n a r al Sw Ca No M

A US

Use of real time data to stock and sell most popular products and transportation and operational costs

Easily build innovative, cloud based applications that leverage data.

Global Infrastructure Investment Index, 2016 XX

e l p

Smarter and effective marketing and immediate product performance information

 Developing communication, technological and commercial infrastructure such as smart cities are driving the companies all over the world to deploy smart vending machines and generate real time data related to sales and refilling the stacks.

s nd a l er th e N

Faster marketing and reduces engineering time.

Impact Analysis: Growth in the infrastructure has direct impact on the development of a company and their products. And thus the demand of smart vending machine and attraction towards the technological innovations further drive the market.  In North America, total of technology and facilities infrastructure investments valued at USD XX billion in 2016. Over the forecast period (2016-2024) the growth in these two divisions will have highest impact share on smart vending machine market.

Source: Goldstein Research

High

Medium

Low

Impact on Global Smart Vending Machine Market Copyright

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Sample Report

Market Restraints



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Canada Vending Machine Cases, By Thefts, Destruction and Out-of-Order - 2016

High Investment Cost for New Players In The Market The new players entering the vending industry in terms of purchasing and deploying the vending machines, have to undergo huge capital investments and the ROI of these machines is directly dependent on the rate of dispensing the products.

XX XX XX XX

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Moreover, the fraud cases are common in this kind of business by the customers who formulate means of hacking into the system of the machine to dispense the products , The heavy taxation levied on the sites of location may be the discouragement for this capital intensive investment.

XX XX XX XX

Theft

Destruction

Out-of-Order

Source: Goldstein Research

Transport and Distribution

Raw Materials and Energy

Use and Maintenance

Sample End of Life

Emissions in Air

Effluents and Wastes

Manufacturing Impact Analysis: Smart Vending Machine life cycle assessment is Conception & necessary in order to comply with the norms and Design regulations. Thus, the assessment involves use of time and money and disrupting the manufacturing processes and eventually the supply of materials.

Nuisances and Quality of life

Impact on Global Smart Vending Machine Market High

Medium

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Low

Global Smart Vending Machine Market Outlook : 2016-2024 Sample Report Global Smart Vending Machine Market Share (%), By Product Dispensing Type, 2016-2024

Beverage Dispensing Machine

XX%

XX% XX%

XX%

2024

Food Dispensing Machine

2016 XX%

XX%

Commodity Dispensing Machine

Source: Goldstein Research

The Beverages segment accounts for highest market share of XX% in 2016, worth a market size of USD XX billion. Over the forecast period the exponential rise in supply of fresh food such as salads and hot cooked food through the smart vending machines is expected to boost the market for food segment to reach a market size of USD XX billion by 2024 growing at XX% CAGR over the forecast period.

m a S

e l p

Fitness conscious consumers are encouraged to purchase innovative and tech

Global Smart Vending Machine Market Y-O-Y Growth, By Product Dispensing Type, 2016-2024 nically-advanced

XX%

2016e

2017e

XX%

2018f

XX%

2019f

2020f

XX%

2021f

XX%

2022f

XX%

2023f

smart fitness products for their fitness activities. These factors impact the market’s growth positively and help in generating high revenues. Our market res

SAMPLE

XX%

earch analysts estimate that the Smart Vending Machine market will grow steadily at a CAGR close to XX % by 2024.

2024f

Source: Goldstein Research

Global Smart Vending Machine Market Size (USD Billion), By Product Dispensing Type-2016-2024 XX XX XX

2016 Beverage

2024 Food

Commodity

Source: Goldstein Research

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Global Smart Vending Machine Market Outlook By Product Dispensing Type: 20162024 Global Smart Vending Machine Market Size (USD Billion), By Beverage Dispensing Machine, 2016-2024 XX XX XX XX XX

The “smart” shoes are embedded with pressure sensors and an accelerometer that can record distance, number of steps and jump height over time by Puma.

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 Indian startup Ducere Technologies Pvt sold its Bluetooth enabled Lechal – (which means ‘take m

XX XX

e there’ in Hindi) shoes for more than USD XX a pair. The shoes sync 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f up with a smartphone app that uses Source: Goldstein Research Google maps, and vibrates to tell Global Smart Vending Machine Market Y-O-Y Growth, By Beverages users when and where to turn to reach their destination. XX

m a S

Dispensing Machine, 2016-2024

XX%

2016e

2017e

2018f

XX%

2019f

XX%

2020f

XX%

2021f

2022f

XX%

2023f

SAMPLE

In 2016, Asia accounted for XX% of Crocs' USD XX billion in total sales while the U.S. and Canada accounted for XX%.

XX%

 Smart Vending Machine in enterprise has the adoption rate of XX%  in 2017 which tends to keep on growing at the substantial rate over the forecast years.

2024f

Source: Goldstein Research

Global Beverages Specialized Vending Machines Deployment, By Number of Units, 2013-2016 XX

XX XX

XX XX XX XX

XX XX

XX XX XX

2013

2014

2015

2016

Source: Goldstein Research

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North America Smart Vending Machine Market Size (USD Billion) & Y-O-Y growth (%), By Region- 20162024 North America Smart Vending Machine Market Size (USD Billion)-2016-2024

XX% XX

XX%

XX XX

CAGR: (2016-2024) XX

XX%

XX XX

XX%

XX XX

e l p XX%

XX%

XX XX XX 2016e

2017e

Source: Goldstein Research

XX%

m a S

2018f

2019f

North America Smart Vending Machine Market Size (USD Billions), By Country-2016-2024

2020f

2021f

2022f

XX% XX% XX%

2023f

XX%

2024f

North America Smart Vending Machine Market Size (USD Billion), By Type of Vending Machine2016-2024 XX

XX%

XX% XX% XX% XX% 2016

2024

Canada

Source: Goldstein Research

2016 Beverage

2024 Food

Commodity

Source: Goldstein Research

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US Smart Vending Machine Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024

Sample Report US Smart Vending Machine Market Size (USD Billion), Compound Annual Growth Rate (%), Y-OY Growth Rate (%), 2016-2024 XX% XX

XX XX

XX%

CAGR: (2016-2024) XX

XX%

XX XX XX 2016e

m a S XX%

2017e

XX%

2018f

XX%

2019f

2020f

2021f

Key Insights

As the vending machine investments in United States huge population contin ues to rise and consumer demand for higher quality footwear grows, sales in the sector are not only enormous, but are increasing steadily.

XX XX

otal, while the sales of non-athletic footwear brought in USD XX billion (XX%). By 2024, it is estimated that the mainland footwear market will be worth around USD XX billion. All Rights Reserved, Goldstein Research

2023f

XX% XX% XX% XX% XX% XX%

2024f

in 2016 was USD XX billion, a XX% year-on-year increase.

billion in revenue terms, accounting for XX% of the t

XX%

Of this, the sales of customized shoes delivered was USD XX

XX%

U.S. Number of Smart Vending Machines, 2016-2024

According to Goldstein Research, the total value of mainland footwear sales

Sample

2022f

XX%

Source: Goldstein Research

e l p XX

XX%

XX XX XX XX 2016e2017e2018f 2019f 2020f 2021f 2022f 2023f 2024f

Source: Goldstein Research

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Global Smart Vending Machine Market Outlook

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