The intelligent vending machine market is expected to reach $26.8 billion by 2024

   August 14, 2019
According to a new market report published by Lucintel, the future of the intelligent vending machine market looks promising with opportunities in the office, community buildings, retail stores, and restaurants. The intelligent vending machine (IVM) market is expected to reach an estimated $26.8 billion by 2024 with a CAGR of 28.2% from 2019 to 2024. The major drivers for this market are increasing adoption of vending machine to enhance customer shopping experience and growing demand for advance vending machine with inventory & transaction management and digital advertising features.

Browse 113 market data tables and 137 figures spread through 204 pages and in-depth TOC on “Intelligent Vending Machine Market"

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In this market, different types of intelligent vending machine such as beverages, candy/snack, food, and others are used as application. On the basis of comprehensive research, Lucintel forecasts that the beverages will remain the largest segment due to increasing demand for various beverages such as cold drinks, alcohol, juices and energy drinks. Lucintel predicts that food is expected to witness the highest growth over the forecast period due to increasing demand for easily accessible and ready to eat food products.

Within the intelligent vending machine market, offices will remain the largest end use due to increasing installation of IVM for employee refreshment. Retail store is expected to witness highest growth over the forecast period due to increasing demand of intelligent vending machine for fast and easy operations within the retail stores.

North America will remain the largest region due to increasing adoption of self-service technology and emergence of new business models.  APAC is expected to witness highest growth over the forecast period as these machines are becoming a major distribution channels for fast moving consumer goods.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced technologies, such as smartphone interaction with facial, gesture, and voice control system and usage of data analytics for enhanced customer experience. Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors are the major intelligent vending machine manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the intelligent vending machine market by application type, end use industry type, height type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Intelligent Vending Machine Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the intelligent vending machine market by application type, end use industry type, height type, and region as follows:

By Application Type [$M shipment analysis from 2013 to 2024]:

  • Beverages

  • Candy/Snack

  • Food

  • Others


By End Use Industry Type [$M shipment analysis from 2013 to 2024]:

  • Offices

  • Community Buildings

  • Restaurants

  • Retail Stores

  • Others


By Height [$M shipment analysis from 2013 to 2024]:

  • 65-75 Inches 

  • 25-35 Inches

By Region [$M shipment analysis from 2013 to 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • Germany

    • The United Kingdom

    • France

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • The Rest of the World

    • Brazil

    • Argentina 

This 204-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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