Vending

Beverage vending machine market expected to reach $43B by 2032

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May 21, 2024

The global beverage vending machine market was valued at $22.77 billion in 2023 and is poised to reach market valuation of $43.04 billion by 2032 at a CAGR of 7.56% for the forecast period of 2024-2032, according to an Astute Analytica report.

The U.S. leads the market, accounting for around 31% of the world's vending machines. Cashless transactions are transforming the beverage vending machine market landscape, according to Astute Analytica. The report also revealed machines offering both cash and electronic payments saw significant revenue increases.

The beverage vending machine market is led by five major players: Crane Co., Fuji Electric, Azkoyen Group, Sanden Holdings Corporation and Selecta Group.

Vending FoodserviceCrane Payment Innovations SandenVendo America, Inc./Sanden Vendo

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SandenVendo America Inc.

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SandenVendo, is the world-leading vending manufacturer. We have led the vending and convenience store industries for decades, manufacturing some of the world's best vending machines and food service equipment. We hold various certifications in Mechanical Testing, Design and Manufacture of vending machines and food service equipment.

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