According to Cognitive Market Research, The Global Vending Machine VEM size is USD20200 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
The Vending Machine (VEM) Market is thriving due to evolving consumer lifestyles, where convenience is paramount, and busy schedules drive the demand for quick and easily accessible options for snacks and products, making vending machines strategically located in high-traffic areas a practical solution for hassle-free, on-the-go purchases.
The Vending Machine Market thrives on the need for cost reduction and supply chain efficiency, offering businesses a cost-effective and automated retail solution that expands market reach and enhances profitability.
North America will continue to lead, whereas the Asia Pacific Vending Machine Vem Marketwill experience the strongest growth until 2030.
