Intelligent Vending Machine Market : Research Report during 2017-2024

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Intelligent Vending Machine Market 2024 Trends,
Challenges and Growth Drivers Analysis Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Intelligent Vending Machine
Market

• North America is expected to dominate the
  intelligent vending machine market, owing to
  emergence of new business models and increasing
  adoption of self-service technology.
• Favorable regulations related to energy
  conservation in the U.S. is expected to
  contribute to the industry growth.

3
Application Analysis of Intelligent Vending
Machine Market

• The intelligent vending machine market is
  segmented as offices, QSR, shopping malls, retail
  stores, and public transport. The adoption of
  these systems in office is anticipated to gain
  traction during the forecast period, due to
  benefits such as cost effectiveness, space
  conservation, and cleanliness.
• The QSR, retail stores, and shopping malls are
  expected to dominate the application segment over
  the future. Retail sector is one of the major
  users of these systems, owing to enhanced
  interaction of these machines with customers at
  retail outlets.
• These machines can collect customer data and
  enable retailers to customize product and service
  offerings according to customer needs driving the
  intelligent vending machine market growth.

4
Competitive Market Share of Intelligent Vending
Machine

• Players in the intelligent vending machine market
  players include Crane Co., Royal Vendors,
  Advantech Co. Ltd., Jofemar, Bianchi Vending
  Group S.p.A, Sanden Corp., Azkoyen Group,
  Westomatic Vending Services Ltd., FAS
  International S.p.A., Rhea Vendors Group,
  Continental Vending, and NW Global Vending
  S.p.A.
• Intelligent vending machine market players focus
  in adopting strategies for inorganic growth by
  acquiring relatively smaller players in the
  market. In October 2015, Bianchi Vending S.p.A.
  acquired a manufacturer of espresso machines,
  Brasilia. This acquisition was undertaken to
  strengthen its restaurant, hotel, and catering
  business that ensures supply to restaurants,
  bars, hotels, and catering companies. The
  beverage manufacturers are increasingly
  collaborating with intelligent vending machine
  market players to focus on customer retention and
  satisfaction. For instance, soft drinks giants,
  PepsiCo and Coca-Cola use their own exclusive
  smart vending machines to sell their products.

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