Vending
Intelligent vending machine market to reach $63.01B by 2031
May 22, 2024
The intelligent vending machine market is expected to reach $63.01 billion by 2031, reflecting a staggering CAGR of 13.85% over the forecast period of 2024 – 2031, according to a report from SNS Insider.
Intelligent vending machines are characterized by features like cashless transactions, including contactless mobile payments, face and voice recognition and near-field communication (NFC). Additionally, intelligent vending machines are becoming more appealing to operators because of their ability to be remotely monitored and managed.
Consumers are driving this growth with their increasing demand for user-friendly interfaces (UI) and cashless transactions. Consumers are also drawn to the convenience and efficiency offered by these machines and the diverse selection of food, including healthier options, offered.
Key players include Crane Co., Advantech Co. Ltd., Azkoyen Group, FAS International S.p.A, Bianchi Vending Group S.p.A, Rhea Vendors Group, N&W Global Vending S.p.A, Westomatic Vending Services Ltd., Seaga, Jofemar and Sanden Corp.
Included In This Story
SandenVendo America Inc.
VENDING WITH TRANPERANCY
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.
