A cigarette vending machine is a computerized machine that distributes cigarette products or non-tobacco smoking products in exchange for money. The cigarette vending machines are commonly seen in retail stores, restaurants, clubs, bars, and gaming machine areas restricted to people aged 18 years and above.
The cigarette vending machine demand has risen in recent years and with the advent of cashless payment systems, smart technology solutions are gaining traction on a massive scale around the world. Furthermore, rising disposable income and urbanization have fueled the cigarette vending machine market’s expansion. The usage of cigarette vending machines in numerous areas such as schools and universities have been prohibited by governments in several regions, reducing demand for these devices. Furthermore, the high initial installation cost of cigarette vending machines limits the global cigarette vending machine market’s expansion. The rising popularity of cigarette vending machines in emerging and established nations as well as the convenience they provide to consumers are driving up demand for cigarette vending machines.
The global cigarette vending machine market is segmented on the basis of operational mode, payment mode, application, and region. By operational mode, the market is divided into manual and automatic. By payment mode, it is classified into cash and swiping card. By application, the market is divided into pubs & nightclubs, hotels & restaurants, public places, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, UK, Italy, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was quite negative for the growth of the global cigarette vending machine market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. The recovery of the cigarette vending machine market is expected in near future.
In North America and Europe, the cigarette vending machine market has seen a higher penetration rate. However, this product has low availability in some major areas of Asia-Pacific and LAMEA, which can be attributed to poor macroeconomic variables such as low internet penetration and inadequate marketing techniques by market players. As a result, the cigarette vending machine market’s expansion is constrained by a lack of such technologies and products.
The cigarette vending machine demand has risen in recent years and with the advent of cashless payment systems, smart technology solutions are gaining traction on a massive scale around the world. Furthermore, rising disposable income and urbanization have fueled the cigarette vending machine market’s expansion. The usage of cigarette vending machines in numerous areas such as schools and universities have been prohibited by governments in several regions, reducing demand for these devices. Furthermore, the high initial installation cost of cigarette vending machines limits the global cigarette vending machine market’s expansion. The rising popularity of cigarette vending machines in emerging and established nations as well as the convenience they provide to consumers are driving up demand for cigarette vending machines.
The global cigarette vending machine market is segmented on the basis of operational mode, payment mode, application, and region. By operational mode, the market is divided into manual and automatic. By payment mode, it is classified into cash and swiping card. By application, the market is divided into pubs & nightclubs, hotels & restaurants, public places, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, UK, Italy, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was quite negative for the growth of the global cigarette vending machine market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. The recovery of the cigarette vending machine market is expected in near future.
In North America and Europe, the cigarette vending machine market has seen a higher penetration rate. However, this product has low availability in some major areas of Asia-Pacific and LAMEA, which can be attributed to poor macroeconomic variables such as low internet penetration and inadequate marketing techniques by market players. As a result, the cigarette vending machine market’s expansion is constrained by a lack of such technologies and products.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2020 to 2031 to assist to identify the prevailing market opportunities.
- Major countries in each region are mapped according to the individual market revenue.
- The region-wise and country-wise cigarette vending machine market conditions are comprehensively analyzed.
- This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
- An in-depth analysis of each segment of the cigarette vending machine market is provided to assist the prevailing market opportunities.
Key Market Segments
By Payment Mode
- Cash
- Swiping Card
BY APPLICATION
- Pubs and Nightclubs
- Hotels and Restaurants
- Public Places
- Others
By Operational Mode
- Manual
- Automatic
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Belgium
- U.K.
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- Slim Line Designs
- Willbold GmbH
- Glory
- Vending Design Works Ltd.
- Peninsula Vending CC
- Hunan TCN Vending Machine Co. Ltd
- Bestzone Industry
- Jofemar
- GM Global Solutions
- HARTING Technology Group
- Jofemar
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CIGARETTE VENDING MACHINE MARKET, BY OPERATIONAL MODE
CHAPTER 5: CIGARETTE VENDING MACHINE MARKET, BY PAYMENT MODE
CHAPTER 6: CIGARETTE VENDING MACHINE MARKET, BY APPLICATION
CHAPTER 7: CIGARETTE VENDING MACHINE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Cigarette Vending Machine Market,' the cigarette vending machine market size was valued at $1.3 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. The automatic cigarette vending machines occupied more than half of the share in the global cigarette vending machine market in 2021.A cigarette vending machine is a machine that accepts cash in exchange for cigars and cigarettes. These machines are most commonly found at establishments that provide a designated smoking area for customers, such as hotels and nightclubs. Due to their simple operation and payment method, there is a great cigarette vending machine market demand.
The increasing number of people who are addicted to smoking is a primary element fueling the expansion of market. The demand for cigarette vending machines is also being fueled by large investments in bars and nightclubs as well as convenience of access. The introduction of cigarette vending machines and their numerous features that help retailers better understand consumer behavior has fueled the market’s expansion. Due to strong government rules about smoking cigarettes, cigarette vending machines are subject to obligations and restrictions in many countries. In addition, cigarette vending machines are commonly found in locations with a designated smoking area. The market is expected to continue to rise as a result of hectic lifestyle and technological developments.
The installation of cigarette vending machines in hotels, restaurants, and airports is predicted to boost the global cigarette vending machine market growth. The cigarette vending machines entice customers with their quick service and wide range of products, propelling the global market. Furthermore, cigarette vending machines offer cashless payment options, such as smartphone payment systems, which contribute the market’s growth. The high installation cost of cigarette vending machines limits the global cigarette vending machine market’s expansion.
According to market analysis, the global market is segmented on the basis of operational mode, payment mode, application, and region. By operational mode, the market is classified into manual and automatic. Among these, the automatic cigarette vending machine occupied the major share of the market in 2020, and is projected to maintain its dominance during the cigarette vending machine market forecast period. Manual cigarette vending machine is anticipated to grow at the highest CAGR in the future.
By payment mode, the market is segmented into cash and swiping card. The swiping card segment is anticipated to grow at the highest rate during the forecast period, owing to the trend of using digital cash. Moreover, swiping card cigarette vending machine are easy to operate and saves time for customers.
By application, it is categorized into pubs & nightclubs, hotels & restaurants, public places, and others. The pubs & nightclubs segment is anticipated to dominate the market during the forecast period, due to rise in pubs & bars culture and high disposable income of people.
In 2021, North America accounted for more than half share of the global market, and is expected to maintain its dominance during the forecast period. Moreover, Asia-Pacific and LAMEA are expected to possess the highest CAGRs, owing to the surge in demand for flavored cigarettes in the market.
The surge in demand for cigarettes due to hectic lifestyles, increase in consumption of cigarette, rise in technological advancements, and surge in demand for cigarette vending machine from retail industry are factors driving the growth of the market.
Porter's five forces analysis for the cigarette vending machines market highlights market competition in terms of the power of buyers, suppliers, manufacturers, and new entrants.
Furthermore, shift in living standards of the consumers, as well as an increase in per capita income of the consumers have resulted in the launch of new products and the entry of new players in the market over the forecast period.
The impact of the COVID-19 pandemic on the global market was negative, due to the supply chain disruption. All manufacturing and production units were halted during the outbreak. In addition, trade restrictions and travel restrictions hindered the growth of global cigarette vending machines market.
The major players analyzed for global cigarette vending machine industry are CoreVend, Future Techniks India Private Limited, GM Global Solutions, HARTING Technology Group, Jofemar, Mega Vending, Peninsula Vending CC, Rvend Pty. Ltd, Slim Line Designs, and Vending Design Works Ltd. These major market players have adopted various strategies such as collaboration to expand their market reach. The strategies adopted in the market is. The new market players are also entering the market with latest and advanced versions of cigarette vending machines.
KEY FINDINGS OF STUDY
- By operational mode, automatic cigarette vending machines was the major segment of the market in 2021, and is anticipated to grow at the significant CAGR of 4.4% during the forecast period.
By application, the pubs & nightclubs segment is anticipated to witness growth at a CAGR of 4.5% during the forecast period.
Region wise, North America was the dominant region in 2021, occupying more than half of the cigarette vending machine market share.
Companies Mentioned
- Slim Line Designs
- Willbold GmbH
- Glory
- Vending Design Works Ltd.
- Peninsula Vending CC
- Hunan TCN Vending Machine Co. Ltd
- Bestzone Industry
- Jofemar
- GM Global Solutions
- HARTING Technology Group
- Jofemar
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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