Intelligent Vending Machines Market Analysis

Intelligent Vending Machines Market Analysis

In the U.S., food vending machines segment is poised to register growth rate of around 11% through 2027 owing to the growing demand for organic, natural, clean, and whole-food products. Intelligent vending machines also offer plant-based dairy product recommendations to lactose intolerant customers, boosting the industry statistics. The demand for intelligent vending machines is anticipated to increase, with consumers constantly looking for new packaged food products that are low in carbohydrates. The expanding organic food market, attributed to the high demand for healthy food from health-conscious consumers, will propel the demand for intelligent vending machines.

The Germany market is forecast to witness gains of above 8% during 2021 to 2027 impelled by the efficient transport hubs capable of integrating vending machines at various strategic locations for travelers. Train transportation systems in Germany deploy a network of intelligent vending machines for food & beverages to cater to passengers in the absence of staff. These self-service terminals help customers to buy products and make contactless payments using facial recognition, enhancing the market size. Moreover, such machines create social engagement through brand quizzes and provide customized products to customers.

In 2020, the Asia Pacific intelligent vending machines market accounted for mor than 20% of the revenue share. The APAC market is a hub for major retail stores with advanced infrastructure, increasing the demand for intelligent vending machines. Retailers focus on deploying a robust infrastructure with the technological capability to use advanced devices with contactless payment solutions.
 

Growing penetration of digitalization across retail stores will fuel the implementation of intelligent vending machines. Retail stores in Japan are currently checking the body temperatures of customers at the entrance of their shops and are also making sanitizer products available. Retailers are deploying intelligent vending machines for the disposal of masks and sanitizers for people entering the store.