Vending

Vending industry on track for strong decade of growth

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June 17, 2026

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The global vending machine market is expected to grow significantly over the next decade, according to a new report from Market Research Future. The report estimates the market, valued at $23.15 billion in 2024, will reach $45.9 billion by 2035, representing a compound annual growth rate of 6.6% between 2025 and 2035.

The report attributes growth to rising demand for automated retail, expanding cashless payment capabilities and increased adoption of smart vending technologies. Beverage vending machines currently account for the largest share of the market, while healthy snack vending is projected to be among the fastest-growing segments as consumers seek more nutritious options and convenient retail experiences.

North America remains the largest regional market, driven by strong consumer demand for convenience and widespread adoption of self-service technology, while Asia-Pacific is expected to post the fastest growth as urbanization and automated retail deployments accelerate.