PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597581
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597581
United States Intelligent Vending Machine Market, By Machine Type; By Product Type; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Intelligent Vending Machine Market Doubles Its Size to Touch USD 9 Billion by 2030
United States Intelligent Vending Machine Market is flourishing because of the growing preference for contactless payments and rising integration of advanced technology.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Intelligent Vending Machine Market size at USD 4.4 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Intelligent Vending Machine Market size to expand at a CAGR of 11.20% reaching a value of USD 9.0 billion by 2030. Major growth factors for United States Intelligent Vending Machine Market include rapid digitalization and increasing usage of online payments, as well as the increased emphasis on data analysis and remote vending machine monitoring. Additionally, it is projected that the growing incorporation of cutting-edge technologies like sensors and the Internet of Things (IoT) would propel the growth of United States Intelligent Vending Machine Market.
Opportunity - Increasing Preference for Contactless Payments
Intelligent vending machines are gaining significant popularity with the changing payment ecosystem and the rising prevalence of contactless payment in the United States. Traditional vending machines only accept coins and cash as payment options in return for an item. Cashless payments gained significant popularity, particularly after the COVID-19 pandemic outbreak. Intelligent vending machines accept all types of payment options, including mobile wallets, net banking, debit and credit cards, as well as NFC, which proves to be convenient for consumers.
Impact of Escalating Geopolitical Tensions on United States Intelligent Vending Machine Market
Intensifying geopolitical tensions may pose significant challenges for United States Intelligent Vending Machine Market. Rising geopolitical tensions may lead to higher manufacturing costs of intelligent vending machines due to the shortage of raw materials or components imported from other countries, particularly Russia and China. In addition, geopolitical conflicts also impact the trade relations of the United States with major energy producers, such as Russia and Middle Eastern countries. It may lead to increased operational expenses for vending operators, especially for those who need refrigeration or heating, due to fluctuations in energy prices in the country, limiting the growth of United States Intelligent Vending Machine Market.
Commercial Malls & Retail Stores Segment Leads the Market
The commercial malls & retail stores segment dominates United States Intelligent Vending Machine Market. Its market growth is aided by the large number of consumers who visit retail establishments and commercial malls to purchase necessities. Over the course of the projection period, the offices and educational institutions category is also anticipated to increase at a rapid pace. These areas install intelligent vending machines, especially for serving food and drinks, which contributes to its market growth.
Competitive Landscape
The major industry players of United States Intelligent Vending Machine Market include Sandenvendo America, Inc., Seaga Manufacturing Inc., Blue Sparq, Inc., Velocity Smart Technology, Trinity Axis Inc., Royal Vendors, Inc., Crane Merchandising Systems Inc., Aramark Corporation, Evoca, and Azkoyen. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches, to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and United States Intelligent Vending Machine Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Intelligent Vending Machine Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Intelligent Vending Machine Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Preference for Contactless Payments
- 3.2.1.2. Increasing Technology Integration
- 3.2.1.3. Increasing Urban Populations
- 3.2.2. Restraints
- 3.2.2.1. High Initial Investment required for Purchasing and Installing Intelligent Vending Machines
- 3.2.2.2. Technical Issues and Malfunctions
- 3.2.2.3. Limited Product Range
- 3.2.3. Opportunities
- 3.2.3.1. Expansion into New Verticals
- 3.2.3.2. Increasing Number of Working Professionals
- 3.2.3.3. Integration with Delivery Services
- 3.2.4. Challenges
- 3.2.4.1. Competition from Traditional Retail
- 3.2.4.2. Adherence to Food Safety, Hygiene, and Payment Regulations
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Intelligent Vending Machine Market: Marketing Strategies
5. United States Intelligent Vending Machine Market: Pricing Analysis
6. United States Intelligent Vending Machine Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share and Forecast
- 6.2.1. By Machine Type
- 6.2.1.1. Free-Standing Machines
- 6.2.1.2. Wall-Mounted Machines
- 6.2.2. By Product Type
- 6.2.2.1. Packaged Food & Snacks
- 6.2.2.2. Beverages
- 6.2.2.3. Medical Supplies & Hygiene Products
- 6.2.2.4. Others
- 6.2.3. By Application
- 6.2.3.1. Commercial Malls & Retail Stores
- 6.2.3.2. Offices
- 6.2.3.3. Educational Institutes
- 6.2.3.4. Public Transport
- 6.2.3.5. Others
- 6.2.1. By Machine Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Intelligent Vending Machine Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Intelligent Vending Machine Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Sandenvendo America, Inc.
- 9.2. Seaga Manufacturing Inc.
- 9.3. Blue Sparq, Inc.
- 9.4. Velocity Smart Technology
- 9.5. Trinity Axis Inc
- 9.6. Royal Vendors, Inc.
- 9.7. Crane Merchandising Systems Inc.
- 9.8. Aramark Corporation
- 9.9. Evoca
- 9.10. Azkoyen
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 United States Intelligent Vending Machine Market Segmentation
- Figure 2 United States Intelligent Vending Machine Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Intelligent Vending Machine Market Size, By Value (USD Billion), 2019-2030
- Figure 5 United States Intelligent Vending Machine Market Share, By Machine Type, By Value (USD Billion), 2019-2030
- Figure 6 United States Intelligent Vending Machine Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 7 United States Intelligent Vending Machine Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 United States Intelligent Vending Machine Market Size, By Value (USD Billion), 2019-2030
- Table 2 United States Intelligent Vending Machine Market Share, By Machine Type, By Value (USD Billion), 2019-2030
- Table 3 United States Intelligent Vending Machine Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Table 4 United States Intelligent Vending Machine Market Share, By Application, By Value (USD Billion), 2019-2030
- Table 5 Sandenvendo America, Inc. Company Overview
- Table 6 Sandenvendo America, Inc. Financial Overview
- Table 7 Seaga Manufacturing Inc. Company Overview
- Table 8 Seaga Manufacturing Inc. Financial Overview
- Table 9 Blue Sparq, Inc. Company Overview
- Table 10 Blue Sparq, Inc. Financial Overview
- Table 11 Velocity Smart Technology Company Overview
- Table 12 Velocity Smart Technology Financial Overview
- Table 13 Trinity Axis Inc Company Overview
- Table 14 Trinity Axis Inc Financial Overview
- Table 15 Royal Vendors, Inc. Company Overview
- Table 16 Royal Vendors, Inc. Financial Overview
- Table 17 Crane Merchandising Systems Inc. Company Overview
- Table 18 Crane Merchandising Systems Inc. Financial Overview
- Table 19 Aramark Corporation Company Overview
- Table 20 Aramark Corporation Financial Overview
- Table 21 Evoca Company Overview
- Table 22 Evoca Financial Overview
- Table 23 Azkoyen Company Overview
- Table 24 Azkoyen Financial Overview
