Vending Machine Market is predicted to reach USD 34.9 billion at a CAGR of 7.70% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “global Vending Machine Market”.

The vending machine market is estimated to register a CAGR of 7.70% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global vending machine market— Azkoyen Group, Cantaloupe Systems, Westomatic Vending Services Limited, Royal Vendors, Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A., Sellmat s.r.l., and Fuji Electric Co., Ltd.

Market Highlights

The global vending machine market is accounted to register a CAGR of 7.70% during the forecast period and is estimated to reach USD 34.9 Billion by 2032.

The market for vending machines is booming and offers easy access to a variety of goods and services. It includes a number of industries, such as food & beverage, healthcare, and retail. Vending machines are always altering and providing fresh options for on-the-go purchases in response to technological improvements and shifting consumer tastes.

Segment Analysis

The global vending machine market has been segmented based type, payment mode and application.

On the basis of type, the market is segmented into food, beverage, games/amusement, tobacco, candy & confectionery, beauty & personal care, ticket, and others. Beverage segment dominated the global market in 2022. The rising demand for coffee and energy drinks across different industries is driving the growth of this market.

Based on payment mode, the global vending machine market has been segmented into cash and cashless. Cash segment dominated the global Vending Machine market in 2022. Since the segment is anticipated to keep expanding at a sizable CAGR during the forecast period, the market leader position will remain unchanged.

Based on application, the global vending machine market has been segmented into commercial places, offices, public places, and others. Offices segment dominated the global market in 2022. Vending machines in workplaces give employees a quick, simple, and convenient way to buy food. Thanks to the introduction of vending machines, businesses may now rapidly and automatically dispense goods at the workplace.

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Regional Analysis

The global Vending Machine market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Vending Machine market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Vending Machine market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Vending Machine market comprises of Middle East, Africa, and Latin America.

The North America Vending Machine Market dominated this market in 2022 (45.80%). The development of self-service technologies in this field has increased the market potential for retail vending machines. As a result, many owners of retail vending machines are focusing on locating their businesses in strategic locations all around the region.

Moreover, from 2023 to 2032, the Europe vending machine industry is anticipated to increase significantly. This is due to the presence of sizable industry players and considerably speedier uptake.

Additionally, in 2022, the Asia Pacific vending machine market had a sizable portion of the overall industry. The great product penetration in significant countries like Singapore and Japan, whose populations are expanding, may be largely credited for the region's expansion. Two developing countries in the Asia Pacific, China and India, provide the sector with a lot of space for growth.

Furthermore, Latin America's vending machine market is steadily expanding as a result of the region's growing urbanisation, shifting customer preferences, and rising disposable incomes. It includes a variety of industries, including snacks, beverages, and cigarettes. The demand for vending machines is rising throughout the region as a result of technological developments and an emphasis on convenience.

Key Findings of the Study

• The global vending machine market is expected to reach USD 34.9 Billion by 2032, at a CAGR of 7.70% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the expansion of the region can be mostly ascribed to the strong product penetration in important nations like Singapore and Japan because of growing populations in those countries.


• Based on application, the offices segment was attributed to holding the largest market in 2022.


• Azkoyen Group, Cantaloupe Systems, Westomatic Vending Services Limited, Royal Vendors, Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A., Sellmat s.r.l., and Fuji Electric Co., Ltd.