Retail Vending Machine Market Report 2025

The retail vending machine market size has grown strongly in recent years. It will grow from $48.35 billion in 2024 to $52.6 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to convenience culture, 24/7 accessibility, product diversification, urbanization and high foot traffic areas, cost-effective retailing, on-the-go consumption.

The retail vending machine market size is expected to see rapid growth in the next few years. It will grow to $77.74 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to retail automation and efficiency, consumer preferences for convenience, urbanization and high-traffic areas, on-demand retail, health and hygiene considerations. Major trends in the forecast period include contactless payment adoption, hygiene and safety features, customization and personalization, smart and interactive interfaces, sustainable and eco-friendly solutions.

The increasing demand for ready-to-eat and convenience foods is anticipated to drive growth in the retail vending machine market. Ready-to-eat food refers to food items that have been cleaned, pre-cooked, and packaged, making them ready for consumption without the need for further preparation or cooking. Vending machines are typically placed in convenient locations to provide ready-to-eat (RTE) meals around the clock, catering to the needs of urban consumers, including students, commuters, working professionals, tourists, and others. For example, a report published by the National Association of Convenience Stores (NACS) in April 2024 indicated that total industry foodservice sales, which encompass prepared food, commissary items, and dispensed beverages, accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022, with prepared food sales per store per month rising by 12.2%. Consequently, the growing demand for ready-to-eat foods is propelling the retail vending machine market.

The retail vending machine market is further propelled by the growing demand for contactless payments. Contactless payment methods, utilizing technologies such as near-field communication (NFC) and radio frequency identification (RFID), provide a secure and efficient way for customers to make purchases with debit cards, credit cards, smart cards, or other payment devices. The use of mobile wallets and NFC technologies facilitates quick and easy transactions, reducing the time customers spend at vending machines. A forecast by Juniper Research Limited in May 2023 predicts that contactless payment transactions will surpass $10 trillion by 2027, reflecting a substantial 221% increase between 2022 and 2026. This escalating demand for contactless payments is a significant driving force behind the retail vending machine market.

Product innovation is a significant trend within the retail vending machine market. Leading companies in this sector are focusing on creating innovative products. For example, in October 2023, Ulta Beauty, a beauty salon company based in the USA, is set to launch smart vending machines in its stores as part of a new pilot program. These machines, developed in collaboration with SOS, will enable Ultimate Rewards members to receive a complimentary travel-size beauty product each week from brands such as Hero Cosmetics and Luxury Brand Partners. Additionally, the vending machines will provide free period care products from Rael. This initiative aims to boost loyalty sign-ups while offering customers an enjoyable and convenient way to try out products.

Strategic collaborations with major manufacturing companies are a focal point for major players in the retail vending machine market. Such collaborations empower companies to join forces with partners possessing expertise to turn conceptual ideas into tangible innovations. FastCorp Vending 3, LLC, a US-based advanced vending machine manufacturing company, announced a groundbreaking partnership with ABsea Change Inc. in March 2022. This collaboration aims to promote the retail adoption of Fastcorp's smart vending platforms and technologies, leveraging ABsea Change's proficiency in retail supply chain, sales, marketing, and distribution.

In November 2022, Seaga Manufacturing Inc., a US-based manufacturer of automatic retail dispensing and inventory control solutions, acquired Automated Merchandising Systems Inc for an undisclosed amount. This strategic acquisition enhances Seaga Manufacturing Inc.'s vending machine portfolio in North America and Latin America. Automated Merchandising Systems Inc., a US-based vending machine manufacturer, contributes to Seaga's leadership position in the industry.

Major companies operating in the retail vending machine market include Azkoyen Group, Westomatic Vending Services Ltd, Royal Vendors Inc, Seaga Manufacturing Inc, Sanden Group, Glory Ltd, Crane Merchandising Systems, Fuji Electric Global, Bianchi Industry, Coke Solutions, Sellmat Srl, Fastcorp vending machines LLC, Jofemar Corporation, Selecta AG, Continental Vending Inc, Federal Machine Corporation, Future Techniks India Private Ltd, Sielaff GmbH & Co KG, Cantaloupe Systems, Orasesta S.p.A, Apex Supply Chain Technologies, Ford Gum & Machine Co. Inc., Vending Design Works, Automated Merchandising Systems Inc., Bulk Vending Systems, Canteen Vending Services, Coin Acceptors Inc., Dixie-Narco Inc., FAS International S.R.L.

North America was the largest region in the retail vending machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the retail vending machine market during the forecast period. The regions covered in the retail vending machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail vending machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Retail vending machines are out-of-store retailing machines that operate with a standard power supply connection. They facilitate the distribution of products to consumers through coin-operated systems, enhancing the customer purchase experience.

The main types of retail vending machines include food, beverage, games or amusement, tobacco, candy and confectionery, beauty and personal care, ticket vending machines, and others. Food vending machines are designed to dispense materials consumed for sustenance and energy, providing snacks and packed food in commercial places with a focus on hygiene. These vending machines accept various payment modes, including cash and cashless options, and are commonly found in commercial spaces, offices, public areas, and other locations.

The retail vending machines market research report is one of a series of new reports that provides retail vending machines statistics, including retail vending machines industry global market size, regional shares, competitors with a retail vending machines market share, detailed retail vending machines market segments, market trends and opportunities, and any further data you may need to thrive in the retail vending machines industry. This retail vending machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The retail vending machine market consists of sales of merchandisers, outdoor vending machines, smart vending machines, customized vending machines, and specialty vending machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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