Market Highlights: Vending machine refers to the automated machine that dispenses articles such as food, drinks, or cigarettes when a coin or token is inserted. Vending machines market has high growth prospects owing to increasing demand from the food service, public transport, office places, and retail sites. Further, increasing demand from developing countries and technological advancement in the vending machines propelling market growth.in addition, the emergence of robotic vending machine expected to drive the demand for vending machines over the forecasted period. The market study is being classified by Type (Beverage Vending Machine, Food Vending Machine and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Vending Machines are Evoca Group (Italy), Crane Merchandising Systems Ltd (United Kingdom), Biocom Vending (Italy), Beta Automation (India), Braimex (Spain), Selecta (Switzerland), Seaga (United States), Sandenvendo (United States), Vendstop (India) and Azkoyen Group (Spain).
13th May 2019, Xiaomi a Chinese electronics company announces vending machines, Mi Express for its smartphones and accessories in India at Manyata Tech Park in Bengaluru.
Key Questions Answered in the Report What will the Vending Machines Market size and the growth rate be in Future? What are the key factors driving the Vending Machines Market? What are the key market trends and macro-economic impacting the growth of the Vending Machines Market? What are the challenges to market growth? Who are the key vendors in the Vending Machines Market? What are the market opportunities and threats faced by the vendors in the Vending Machines Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Vending Machines Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vending Machines market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vending Machines market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Vending Machines Manufacturers, Vending Machines Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.