Intelligent Vending Machine Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global intelligent vending machine market to grow at a CAGR of 38.24 % during the period 2017-2021 .
The following companies as the key players in the global intelligent vending machine market : Crane , Coin Acceptors , Cubic , and Fuji Electric .
Other Prominent Vendors in the market are : American Vending Machines , Bianchi Vending , Bulk Vending Systems , Canteen , Continental Vending , Fresh Healthy Vending International , Glory , and Royal Vendors .
Commenting on the report , an analyst team said : “ The latest trend gaining momentum in the market is customization and personalization option . Intelligent vending machines offer personalization and customization options . These machines can be tailored based on the color , size , space , dispensing rate , server support , scanning tools , and value-added services such as web-based interaction . Vendors also offer content for their interactive platforms and custom messaging options including advertising .
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According to the report , one of the major drivers for this market is growing adoption of intelligent vending machines in retail . The retail industry is one of the major end users of intelligent vending machines . This is primarily because of the enhanced interaction with customers that these machines allow at retail outlets . In key growth economies China and India , the retail industry is seeing rapid growth , indicating huge growth prospects in these countries for the vending machine market . New intelligent vending machines in the market can even collect customer data , enabling retailers to customize their service and product offerings as per the needs of customers .
Further , the report states that one of the major factors hindering the growth of this market is increasing vandalism and theft . Increasing vandalism at connected vending machines is affecting the industry . As a result of vandalism , vendors of connected vending machines are losing thousands of dollars in repair costs . Also , there has been an increase in theft at intelligent vending machines .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
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