Refrigerated Vending Machine Market Scope
Refrigeration is the process of removing excess heat from a source or material and transferring it to the surrounding environment in order to keep the temperature lower than its surroundings. Commercial refrigeration equipment is used to preserve food such as fruits, vegetables, meat, and other similar products by maintaining a temperature range of 30°C to -40°C and increasing the product's shelf life. Replacement of existing equipment with energy efficient and sustainable technology equipment is expected to account for a larger share of the refrigerator market in the near future. Some refrigeration equipment is specially designed to rapidly reduce the temperature of hot food from around 90 degrees Celsius to as low as 30 degrees Celsius in order to eliminate the threat of spoilage.
The market for Refrigerated Vending Machine is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Refrigerated Vending Machine market throughout the predicted period.
Crane Payment Innovations (CPI) (United States), Rhea Vendors Group (Italy), Azkoyen Group (Spain), Selecta (Switzerland), Lavazza (Italy), Autonumis (United Kingdom), Express Vending (United Kingdom), Coffetek (United Kingdom) and Bianchi Vending Group (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Evoca Group (Italy) and Saeco (Italy).
The study have segmented the market of Global Refrigerated Vending Machine market , by Application (Supermarkets & Hypermarkets,, Food & Restro Bars, Hospitals, Food and Beverage Retail and Other) and Region with country level break-up.
On the basis of geography, the market of Refrigerated Vending Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Refrigerated Vending Machine Market Dynamics:
- Consumers Demands of Fast and Easy Products Service
- Increasing Demand for the Refrigerated Vending Machines from the Office Places
- Technological Innovations in Refrigerated Vending Machines such as Touch Screen Menu Installation and Card or Mobile Payment Options
- Machines Heat Up and Cooldown Erratically
|Road Blocks / Challenges|
- Challenges in Selecting Suitable Location for Machine Deployment
- High Cost and Requirement of Periodic Maintenance
|Gaps & Opportunities|
- Increasing Demand from the Public Transport Hubs
- Rising Demand from the Developing Economies
Market Leaders and their Expansionary Development Strategies
18 March 2022, Autonumis, a UK specialist in the production of refrigerated products and vending machines, has been acquired by South African-headquartered automation firm, Directech.
In June 2021 Azkoyen announces that they will be the official supplier of vending machines for AVLO trains. Vending machines of Azkoyen are going to be installed within the new AVLO trains, the low cost, high speed Renfe trains that may initially cover routes between Madrid, Zaragoza and Barcelona.
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.