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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