Global Vending Machine Surrounds
Market Report
2024
The global vending machine surround market size will be USD 51245.2 million in 2024. Improving hygiene and sanitation by providing a clean and protected space is expected to boost sales to USD 87,825.27 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global vending machine surround market size will be USD 51245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Vending Machine Surrounds Market Sales Revenue 2024 | $ 51245.2 Million |
Global Vending Machine Surrounds Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
North America Vending Machine Surrounds Sales Revenue 2024 | $ 20498.1 Million |
North America Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
United States Vending Machine Surrounds Sales Revenue 2024 | $ 16173 Million |
United States Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Canada Vending Machine Surrounds Sales Revenue 2024 | $ 2459.77 Million |
Canada Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
Mexico Vending Machine Surrounds Sales Revenue 2024 | $ 1865.33 Million |
Mexico Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Europe Vending Machine Surrounds Sales Revenue 2024 | $ 15373.6 Million |
Europe Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
United Kingdom Vending Machine Surrounds Sales Revenue 2024 | $ 2582.76 Million |
United Kingdom Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
France Vending Machine Surrounds Sales Revenue 2024 | $ 1414.37 Million |
France Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Germany Vending Machine Surrounds Sales Revenue 2024 | $ 3043.96 Million |
Germany Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Italy Vending Machine Surrounds Sales Revenue 2024 | $ 1322.13 Million |
Italy Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Russia Vending Machine Surrounds Sales Revenue 2024 | $ 2382.9 Million |
Russia Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Spain Vending Machine Surrounds Sales Revenue 2024 | $ 1260.63 Million |
Spain Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
Rest of Europe Vending Machine Surrounds Sales Revenue 2024 | $ 2382.9 Million |
Rest of Europe Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Asia Pacific Vending Machine Surrounds Sales Revenue 2024 | $ 11786.4 Million |
Asia Pacific Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10% |
China Vending Machine Surrounds Sales Revenue 2024 | $ 5303.88 Million |
China Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.5% |
Japan Vending Machine Surrounds Sales Revenue 2024 | $ 1626.52 Million |
Japan Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Korea Vending Machine Surrounds Sales Revenue 2024 | $ 1178.64 Million |
Korea Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.1% |
India Vending Machine Surrounds Sales Revenue 2024 | $ 1414.37 Million |
India Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.8% |
Australia Vending Machine Surrounds Sales Revenue 2024 | $ 612.89 Million |
Australia Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.7% |
Rest of APAC Vending Machine Surrounds Sales Revenue 2024 | $ 836.83 Million |
Rest of APAC Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
South America Vending Machine Surrounds Sales Revenue 2024 | $ 2562.26 Million |
South America Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.4% |
Brazil Vending Machine Surrounds Sales Revenue 2024 | $ 1096.65 Million |
Brazil Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
Argentina Vending Machine Surrounds Sales Revenue 2024 | $ 430.46 Million |
Argentina Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.3% |
Colombia Vending Machine Surrounds Sales Revenue 2024 | $ 228.04 Million |
Colombia Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Peru Vending Machine Surrounds Sales Revenue 2024 | $ 210.11 Million |
Peru Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
Chile Vending Machine Surrounds Sales Revenue 2024 | $ 184.48 Million |
Chile Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Rest of South America Vending Machine Surrounds Sales Revenue 2024 | $ 412.52 Million |
Rest of South America Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Middle East and Africa Vending Machine Surrounds Sales Revenue 2024 | $ 1024.9 Million |
Middle East and Africa Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Turkey Vending Machine Surrounds Sales Revenue 2024 | $ 88.14 Million |
Turkey Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Nigeria Vending Machine Surrounds Sales Revenue 2024 | $ 107.61 Million |
Nigeria Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
Egypt Vending Machine Surrounds Sales Revenue 2024 | $ 107.61 Million |
Egypt Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South Africa Vending Machine Surrounds Sales Revenue 2024 | $ 161.93 Million |
South Africa Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.7% |
GCC Countries Vending Machine Surrounds Sales Revenue 2024 | $ 438.66 Million |
GCC Countries Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Rest of MEA Vending Machine Surrounds Sales Revenue 2024 | $ 120.94 Million |
Rest of MEA Vending Machine Surrounds Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Vending Machine Surrounds Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A vending machine is an automated device that accepts cash, credit cards, or other forms of payment from users in exchange for the provision of goods such as snacks, drinks, cigarettes, and lottery tickets. Only cash and coins are accepted as forms of payment at Vending Machine Market, which features a dispensing machine. With integrated core functionalities, including LCD/touchscreen, cashless systems, telemetry systems, voice recognition, digital signage, and enterprise resource planning (ERP) systems, among others, intelligent vending machines are an improvement over traditional vending machines. The COVID-19 pandemic had a detrimental effect on the growth of the vending machine market as a whole since it disrupted the supply chain and decreased end-user demand because of the work-from-home paradigm. As the virus's intensity decreased and a number of end-use sectors were observed going back to work, the market for vending machines eventually saw an increase in demand. The intelligent vending machine market is expected to increase during the projected period due to the increasing acceptance of linked devices and Internet of Things (IoT) technologies. The growing trend of consumers using contactless and cashless payment methods to buy food and beverages is driving the expansion of the vending machine market.
According to the National Automatic Merchandising Association, the U.S. convenience service business benefited from vending machines to the tune of about USD 25 billion. (Source: https://namanow.org/registration-now-open-for-the-2023-nama-show/ )
Strong drivers driving the growth of the vending machine market include rising demand for food vending machines in offices and other institutions, rising consumption of convenience foods, and the use of smart customer service technologies across a number of food categories. Throughout the projection period, there has been a rise in the need for machines, and with the advent of cashless payment methods, smart technology solutions are becoming more and more popular on a global basis. The vending machine market has grown as a result of rising disposable income and urbanization. Governments in several areas prohibited the use of food and drink vending machines in a number of locations, including colleges and schools, which reduced demand for the market for vending machines. For instance, Japan had 2.25 million vending machines overall in 2021, but by 2018, that number had almost doubled to about 5 million.
Consumers of today want a personalized and easy shopping experience. Therefore, businesses need to come up with more creative ways to stretch the boundaries of traditional store purchasing. Wireless solutions make it easier for retailers to conduct business wherever they are. They are, therefore, driven to leverage the Internet of Things (IoT) to improve customer satisfaction while also increasing revenue and lowering overall costs. Vending machine operators can better meet customer demand and boost operational efficiency due to IoT. Also, it has simplified and improved the efficiency of vending machine management. For instance, IoT-based vending machines use real-time data to connect and interact with consumers, adjust pricing to maximize profits, and strengthen machine
The sale of tobacco products through vending machines is prohibited in several countries, such as Thailand, India, and others. It is predicted that strict regulations prohibiting the sale of unhealthy junk food and tobacco products in public places, educational institutions, and the great majority of commercial spaces will impede the expansion of the vending machine industry. In many public areas and businesses, including schools, hospitals, government buildings, and public transit, smoking is strictly forbidden. Nonetheless, smoking areas are allowed by law in airports, hotels with thirty or more rooms, and dining establishments with thirty or more seats. In outdoor venues like stadiums, train stations, open auditoriums, and bus stops/stands, smoking is not permitted. These elements prevent the worldwide vending machine market from growing.
The vending machine surrounding the market has been significantly impacted by the COVID-19 outbreak. Vending machine sales decreased in the early phases of the epidemic as individuals were advised to stay at home and stay away from public areas. As a result, the market for vending machine surrounds experienced a brief downturn. However, as the epidemic worsened, the market for vending machines gradually recovered thanks to things like the reopening of public venues and businesses. The need for vending machine surrounds has also increased as a result of this recovery, especially as businesses look to give their clients safer and more hygienic surroundings.
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Organizations are employing several tactics, including collaborations, mergers and acquisitions, product/service launches, and geographic growth, in order to bolster their market share. A prominent enterprise within the industry comprises
In 2022, Azkoyen Group will showcase its most recent invention, the NEO Q coffee and water dispenser, at the Venditalia Worldwide Vending Show. (Source: https://azkoyenvending.com/news/azkoyens-cutting-edge-technology-will-be-on-show-at-the-venditalia-international-trade-fair/ ) In 2022, Azkoyen Group introduced the Vitro S1 MIA. It is the most compact fresh milk coffee machine, with proprietary micro-injection air technology. (Source: https://www.azkoyen.com/en/the-azkoyen-group-launches-the-vitro-s1-mia-the-most-compact-fresh-milk-coffee-machine-incorporating-the-patented-micro-injection-air-technology/ )
Top Companies Market Share in Vending Machine Surrounds Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Vending Machine Surrounds market, and the region is expected to have significant growth during the projected period. The demand for vending machine items has risen considerably over the years, thanks to key industry participants and faster acceptance. The domination of the vending machine sector in North America can be traced to the United States, the region's most profitable country.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The rising commercial and corporate industries in Asia-Pacific help to drive product demand. The region's market is expanding as new and creative vending machines become more widely available.
The current report Scope analyzes Vending Machine Surrounds Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Vending Machine Surround market size was estimated at USD 51245.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 20498.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
According to Cognitive Market Research, the global Vending Machine Surround market size was estimated at USD 51245.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 15373.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
According to Cognitive Market Research, the global Vending Machine Surround market size was estimated at USD 51245.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 11786.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
According to Cognitive Market Research, the global Vending Machine Surround market size was estimated at USD 51245.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 2562.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
According to Cognitive Market Research, the global Vending Machine Surround market size was estimated at USD 51245.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1024.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..
Global Vending Machine Surrounds Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Vending Machine Surrounds Industry growth. Vending Machine Surrounds market has been segmented with the help of its Type, Application , and others. Vending Machine Surrounds market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, beverage & drink types are likely to dominate the vending machine surround market over the forecast period. Businesses may use vending machine settings to increase sales and provide a great customer experience by examining beverage and drink alternatives and using successful marketing techniques.
The ticket type is the fastest-growing segment in the Vending Machine Surround Market. While the word "ticket type" is not directly relevant to vending machine surrounds, it's conceivable you're referring to the types of tickets or products delivered by the vending machines that these surrounds are intended to accept.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vending Machine Surrounds Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the public places segment holds the largest share of the market. The vending machines surrounding the market provide an excellent chance to improve the consumer experience and optimize income potential in a variety of public spaces. As organizations look for new methods to engage their customers, the need for visually appealing and functional environments is projected to rise.
In the Vending Machine Surround Market, the office building has been expanding at a rapid pace. The vending machine surround market is predicted to expand in prominence, particularly in office buildings with a strong demand for accessible and efficient food and beverage options.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Vending Machine Surrounds market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Conclusion
Disclaimer:
Type | Beverage & Drink Type, Food Type, Cigarette Type, Ticket Type, Other Goods |
Application | Factory, Office Building, Public Places, School, Others |
List of Competitors | Bianchi Vending, FAS International, Westomatic, Crane, Royal Vendors, Vencom, Fuji Electric, Seaga, AMS, Aucma, Fushi Bingshan, AVS Companies, Sielaff, Nebrak, Evoca Spa, Azkoyen Group, SandenVendo, Jofemar |
This chapter will help you gain GLOBAL Market Analysis of Vending Machine Surrounds. Further deep in this chapter, you will be able to review Global Vending Machine Surrounds Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Vending Machine Surrounds Market Trends North America Vending Machine Surrounds Technological Road Map North America Vending Machine Surrounds Market Drivers North America Vending Machine Surrounds Market Restraints North America Vending Machine Surrounds Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vending Machine Surrounds market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Beverage & Drink Type have a significant impact on Vending Machine Surrounds market? |
What are the key factors affecting the Beverage & Drink Type and Food Type of Vending Machine Surrounds Market? |
What is the CAGR/Growth Rate of Factory during the forecast period? |
By type, which segment accounted for largest share of the global Vending Machine Surrounds Market? |
Which region is expected to dominate the global Vending Machine Surrounds Market within the forecast period? |
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