Vending

Vending machine market to reach $72.46B by 2030, driven by busy lifestyles, tech advancements

Photo: Adobe Stock

July 12, 2024

The vending machine market is slated to surge in the coming years, with one prediction of a jump to $72 billion by 2030, according to a Stellar Market Research report. Busy lives and growing cities are fueling the demand for convenient snacks and drinks, making vending machines a go-to option.

Technology is also a key growth player. Vending machines are getting smarter with features like touchscreens, cashless payments and even internet connections. These advancements enhance user experience and boost efficiency.

North America currently holds the top spot, but Asia Pacific is expected to surge ahead driven by urbanization and rising incomes.

The future of vending machines looks innovative, with trends like offering non-food items and using eco-friendly features like solar power.