Vending Machine Market Analysis

Type Segment Analysis

The food & beverages vending machines segment is slated to hold almost 43% share of the vending machine market by 2035. The surging adoption and frequency of these vending machines across the world is one of the major factors that is predicted to boost the segment growth. Moreover, a survey conducted via the Internet was sent to 1250 employees and students. Since enrolling in the university, the majority of participants reported weight gain (43%) and worse food choices (53%). Participants deemed Foods from VM pricey (54%) and boring (34%). More than 81% asked that healthier options be made available. Among the participants, VM users made up about 75%. Chips, chocolate, and water were the most popular VM purchases.

Payment Mode Segment Analysis

The cashless segment is expected to hold 74% of the revenue share by 2035. In a retail vending machine, both cash and credit cards are approved which makes customers’ work much easier. The benefit was obvious when credit/debit card readers for vending machines were first introduced. Allow customers to use their credit or debit cards, which they already have, to make purchases even if they don't have cash. As more people began carrying smartphones, major tech companies introduced mobile payment features like Apple Pay, giving end customers an additional payment option.

Application Segment Analysis

By 2035, the corporate offices segment is poised to hold the largest share of 47%. This is due to the increasing demand for food vending machines in corporate offices across the globe. The figure demonstrates how commonplace vending machines are in our daily lives. With 7 million machines in use worldwide, it's obvious that vending machines play a significant role in our daily lives by giving us easy access to drinks, snacks, and other necessities.

Our in-depth analysis of the vending machine market includes the following segments::