North America Retail Vending Machine Market Introduction and Overview
According to SPER Market Research, the North America Retail Vending Machine Market is estimated to reach USD 21.42 billion by 2033 with a CAGR of 3.32%.
The report includes an in-depth analysis of the North America Retail Vending Machine Market, including market size and trends, product mix, distribution channels, and supplier analysis. Vending machines are self-service machines that mechanically deliver goods or services to consumers without human assistance. They are frequently seen in public areas and sell a variety of goods. They offer accessibility and convenience, enabling clients to make simple transactions whenever they want. The needs of consumers who are constantly on the go and want a self-service shopping experience have led to the importance of vending machines in the retail industry.
- In March 2022: The private-label coffee and tea manufacturer FreshBrew's vending segment was purchased by Compass Group North America. Compass Group North America now has access to the vending division of FreshBrew, including its vending machines, distribution systems, and clientele. By making this tactical choice, Compass Group was able to increase its market share in the vending sector and provide its customers with more options for coffee, tea, and other beverages.
- Convenience and Accessibility: Vending machines provide a convenient and accessible shopping experience for consumers. They are available 24/7 in various locations such as shopping malls, airports, train stations, office buildings, and public spaces. The ease of access and the ability to purchase products quickly without the need for human assistance drive the demand for vending machines.
Market Opportunities and Challenges
With the shift in consumer behaviour towards prioritizing health and wellness, there is a significant market opportunity for vending machine operators to diversify their offerings with health-conscious products. This includes providing a range of healthier snacks, organic food options, fresh fruits, and beverages like natural juices and infused water. By catering to the growing demand for nutritious and wellness-oriented products, vending machine operators can tap into a market segment that seeks convenient, on-the-go options aligned with their health goals.
A major challenge for the North America retail vending machine market is building and maintaining consumer trust and perception. The COVID-19 pandemic has heightened concerns about hygiene and safety, making consumers more cautious about using shared vending machines. Overcoming these reservations and addressing the perception that vending machines may not be adequately clean or sanitized is crucial for the market's success. Implementing robust cleaning protocols, visible health and safety measures, and transparent communication can help build trust and encourage consumer confidence in using vending machines.
Market Competitive Landscape
To strengthen their position in the market, major businesses are taking a variety of actions. These actions include tactics like joint ventures, mergers and acquisitions, international expansion, and others. Some of these key players in the North America Retail Vending Machine market include 24 Seven Vending, American Vending Machines, Aramark Corporation, Automated Merchandising Systems, Canteen Vending Services, Compass Group, Continental Vending, Crane Merchandising Systems Inc, Fuji Electric Co. Ltd., Honeywell International Inc., Keurig Dr Pepper Inc., Nestlé S.A., PepsiCo, Royal Vendors Inc., Sanden Holdings Corporation, Selecta, Sodexo, The Coca-Cola Company, Unilever PLC, USConnect, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Technology, By Payment Mode, By Sales Channel, By Application
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| Regions covered | Canada, Mexico, United States, Rest of North America
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| Companies Covered | 24 Seven Vending, American Vending Machines, Aramark Corporation, Automated Merchandising Systems, Canteen Vending Services, Compass Group, Continental Vending, Crane Merchandising Systems Inc, Fuji Electric Co. Ltd., Honeywell International Inc., Keurig Dr Pepper Inc., Nestlé S.A., PepsiCo, Royal Vendors Inc., Sanden Holdings Corporation, Selecta, Sodexo, The Coca-Cola Company, Unilever PLC, USConnect, Others
|
COVID-19 Impact on North America Retail Vending Machine Market
The COVID-19 pandemic has significantly impacted the North America retail vending machine market. Lockdowns and reduced foot traffic in retail spaces have led to decreased demand for vending machine products. Consumer behaviour has shifted towards prioritizing safety and hygiene, resulting in hesitancy to use vending machines. The closure of non-essential businesses, where vending machines are commonly found, has further decreased market opportunities. Additionally, the focus on essential items like groceries and healthcare supplies has reduced demand for vending machines offering non-essential products. These factors have contributed to the challenges faced by the vending machine market during the pandemic.
Key Target Audience
- Educational Institutions
- Food and Beverage Companies
- Government Organizations and Public Spaces
- Healthcare Facilities
- Office Spaces
- Retail Businesses
- Technology Providers
- Vending Machine Operators and Owners
Our in-depth analysis of the North America Retail Vending Machine Market includes the following segments:
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By Type:
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Beverages Vending Machine
Food Vending Machine
Ticket Vending Machine
Tobacco Vending Machine
Others Vending Machine
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By Technology:
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Automatic Machine
Semi-Automatic Machine
Smart Machine
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By Payment Mode:
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Cash
Cashless
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By Sales Channel:
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Offline
Online
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By Application:
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Amusement Parks
Corporate Offices
Healthcare Facilities
Hotels and Restaurants
Institutional
Public Places
Transportation Facilities
Others
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Key Topics Covered in the Report
- North America Retail Vending Machine Market Size (FY’2023-FY’2033)
- Overview of North America Retail Vending Machine Market
- Segmentation of North America Retail Vending Machine Market By Type (Beverages Vending Machine, Food Vending Machine, Ticket Vending Machine, Tobacco Vending Machine, Others Vending Machine)
- Segmentation of North America Retail Vending Machine Market By Technology (Automatic Machine, Semi-Automatic Machine, Smart Machine)
- Segmentation of North America Retail Vending Machine Market By Payment Mode (Cash, Cashless)
- Segmentation of North America Retail Vending Machine Market By Sales Channel (Offline, Online)
- Segmentation of North America Retail Vending Machine Market By Application (Amusement Parks, Corporate Offices, Healthcare Facilities, Hotels and Restaurants, Institutional, Public Places, Transportation Facilities, Others)
- Statistical Snap of North America Retail Vending Machine Market
- Expansion Analysis of North America Retail Vending Machine Market
- Problems and Obstacles in North America Retail Vending Machine Market
- Competitive Landscape in the North America Retail Vending Machine Market
- Impact of COVID-19 and Demonetization on North America Retail Vending Machine Market
- Details on Current Investment in North America Retail Vending Machine Market
- Competitive Analysis of North America Retail Vending Machine Market
- Prominent Players in the North America Retail Vending Machine Market
- SWOT Analysis of North America Retail Vending Machine Market
- North America Retail Vending Machine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Retail Vending Machine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Retail Vending Machine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Retail Vending Machine Market
7. North America Retail Vending Machine Market, By Type (USD Million)
7.1. North America Retail Vending Machine Market Value Share and Forecast, By Type, 2023-2033
7.2. Beverages Vending Machine
7.3. Food Vending Machine
7.4. Ticket Vending Machine
7.5. Tobacco Vending Machine
7.6. Others Vending Machine
8. North America Retail Vending Machine Market, By Technology (USD Million)
8.1. North America Retail Vending Machine Market Value Share and Forecast, By Technology, 2023-2033
8.2. Automatic Machine
8.3. Semi-Automatic Machine
8.4. Smart Machine
9. North America Retail Vending Machine Market, By Payment Mode (USD Million)
9.1. North America Retail Vending Machine Market Value Share and Forecast, By Payment Mode, 2023-2033
9.2. Cash
9.3. Cashless
10. North America Retail Vending Machine Market, By Sales Channel (USD Million)
10.1. North America Retail Vending Machine Market Value Share and Forecast, By Sales Channel, 2023-2033
10.2. Offline
10.3. Online
11. North America Retail Vending Machine Market, By Application (USD Million)
11.1. North America Retail Vending Machine Market Value Share and Forecast, By Application, 2023-2033
11.2. Amusement Parks
11.3. Corporate Offices
11.4. Healthcare Facilities
11.5. Hotels and Restaurants
11.6. Institutional
11.7. Public Places
11.8. Transportation Facilities
11.9. Others
12. North America Retail Vending Machine Market Forecast, 2019-2033 (USD Million)
12.1. North America Retail Vending Machine Market Size and Market Share
13. North America Retail Vending Machine Market, By Type, 2019-2033 (USD Million)
13.1. North America Retail Vending Machine Market Size and Market Share By Type (2019-2026)
13.2. North America Retail Vending Machine Market Size and Market Share By Type (2027-2033)
14. North America Retail Vending Machine Market, By Technology, 2019-2033 (USD Million)
14.1. North America Retail Vending Machine Market Size and Market Share By Technology (2019-2026)
14.2. North America Retail Vending Machine Market Size and Market Share By Technology (2027-2033)
15. North America Retail Vending Machine Market, By Payment Mode, 2019-2033 (USD Million)
15.1. North America Retail Vending Machine Market Size and Market Share By Payment Mode (2019-2026)
15.2. North America Retail Vending Machine Market Size and Market Share By Payment Mode (2027-2033)
16. North America Retail Vending Machine Market, By Sales Channel, 2019-2033 (USD Million)
16.1. North America Retail Vending Machine Market Size and Market Share By Sales Channel (2019-2026)
16.2. North America Retail Vending Machine Market Size and Market Share By Sales Channel (2027-2033)
17. North America Retail Vending Machine Market, By Application, 2019-2033 (USD Million)
17.1. North America Retail Vending Machine Market Size and Market Share By Application (2019-2026)
17.2. North America Retail Vending Machine Market Size and Market Share By Application (2027-2033)
18. North America Retail Vending Machine Market, By Region, 2019-2033 (USD Million)
18.1. North America Retail Vending Machine Market Size and Market Share By Region (2019-2026)
18.2. North America Retail Vending Machine Market Size and Market Share By Region (2027-2033)
18.3. Canada
18.4. Mexico
18.5. United States
18.6. Rest of North America
19. Company Profile
19.1. 24 Seven Vending
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. American Vending Machines
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Aramark Corporation
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Automated Merchandising Systems
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Canteen Vending Services
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Compass Group
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Continental Vending
19.7.1. Financial outlook
19.7.2. Product summary
19.7.3. Recent developments
19.8. Crane Merchandising Systems Inc
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Fuji Electric Co. Ltd.
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Honeywell International Inc.
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Keurig Dr Pepper, Inc.
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary
19.11.4. Recent developments
19.12. Nestlé S.A.
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary
19.12.4. Recent developments
19.13. PepsiCo
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary
19.13.4. Recent developments
19.14. Royal Vendors Inc.
19.14.1. Company details
19.14.2. Financial outlook
19.14.3. Product summary
19.14.4. Recent developments
19.15. Sanden Holdings Corporation
19.15.1. Company details
19.15.2. Financial outlook
19.15.3. Product summary
19.15.4. Recent developments
19.16. Sodexo
19.16.1. Company details
19.16.2. Financial outlook
19.16.3. Product summary
19.16.4. Recent developments
19.17. The Coca-Cola Company
19.17.1. Company details
19.17.2. Financial outlook
19.17.3. Product summary
19.17.4. Recent developments
19.18. Unilever PLC
19.18.1. Company details
19.18.2. Financial outlook
19.18.3. Product summary
19.18.4. Recent developments
19.19. USConnect
19.19.1. Company details
19.19.2. Financial outlook
19.19.3. Product summary
19.19.4. Recent developments
19.20. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope