Study #: 4085 | Published: 02/2021 | Pages: 142 | Individual User License: US$ 3,900

Global demand for refrigerated vending machines is forecast to grow less than 1.0% annually through 2024 to $1.6 billion, an improvement over the substantial losses of the 2014-2019 period. Among the trends that will support these minor gains are:

  • a global economic recovery during the post-pandemic period
  • expansion of their electrical grids in developing nations, helping increase consumer spending on refrigerated and frozen food and beverage products
  • the introduction of state-the-art, versatile, and efficient models, including those that accept cashless payments, which will help make vending machines an option for quick impulse purchases
  • the growing availability of refrigerated vending machines in Eastern Europe, Central and South America, the Africa/Mideast region, and numerous Asia/Pacific countries (e.g., India)

However, weakness in the large and mature US and Japanese markets – which were responsible for 43% of 2019 sales – will constrain global gains through 2024. Economic weakness related to the COVID-19 pandemic will also limit growth going forward.

Smart Vending Machines to Provide a Bright Spot for Vending Machine Demand

Despite tepid growth in vending machine sales overall, opportunities remain. The vast majority of newly installed vending machines offer smart features and internet connectivity, which can both boost product sales and reduce maintenance expenses:

  • Credit card readers and mobile payment options can boost sales in increasingly cashless societies.
  • Transaction software can inform vending operators what products are selling at a given location, enabling them to optimize sales.
  • Sensors can monitor equipment performance and notify operators of needed maintenance in a timely manner, reducing unneeded trips to the machine.

While older machines can be retrofitted to incorporate most of these features, newer machines have them built-in and also include greater energy efficiency (such as LED lighting and better performing refrigeration systems) and better visual aesthetics, so replacing older machines instead of retrofitting them is likely to provide better returns.

Sales Poised to Expand Outside Mature Japanese & US Markets

Japan and the US are two of the world’s three largest markets for refrigerated vending machines, with Japan alone comprising one-third of global sales in 2019. Demand is expected to decline in these countries, which will weigh down global growth.

Excluding Japan and the US, the global market for refrigerated vending machines is expected to increase at a more positive rate of 1.7% per year through 2024. China, for instance, is expected to see sales increase nearly 4% annually through 2024, among the fastest growth rates in the world as the widespread availability of affordable models will facilitates development of its market. Many other low and middle income nations in the Asia/Pacific and Africa/Mideast regions will register demand gains above 2% per year through 2024. There is a much lower installed bases of refrigerated vending machines in these areas, providing ample opportunities to enter new markets.


Our Simple Buying Process

Add This Study To Your Cart.

Register, Checkout and
Verify Payment.

Your Report Is Available.

Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Demand by Region

Leading Country Markets

Demand by Location

Pricing Trends

Competition from Micro Market Vending

Market Share & Leading Producers

4. Smart Vending Machines

Product Description

Technology & New Product Development

Drivers & Restraints

Demand by Region

Leading Suppliers

5. North America

North America: Refrigerated Vending Machine Market Size

Demand by Country

United States

Canada

Mexico

6. Central & South America

Central & South America: Refrigerated Vending Machine Market Size

Demand by Country

Brazil

Other Central & South America

7. Western Europe

Western Europe: Refrigerated Vending Machine Market Size

Demand by Country

United Kingdom

France

Germany

Spain

Italy

Netherlands

Other Western Europe

8. Eastern Europe

Eastern Europe: Refrigerated Vending Machine Market Size

Demand by Country

Russia

Other Eastern Europe

9. Asia/Pacific

Asia/Pacific: Refrigerated Vending Machine Market Size

Demand by Country

Japan

China

South Korea

Taiwan

Australia

India

Indonesia

Other Asia/Pacific

10. Africa/Mideast

Africa/Mideast: Refrigerated Vending Machine Market Size

Demand by Country

Turkey

Other Africa/Mideast

11. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Population

Global Urban Population

Global Fixed Investment

Global Personal Consumption Expenditures

Global Nonresidential Building Construction Outlook


List of Tables

3. Overview

Table 3-1 | Global Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Table 3-2 | Global Refrigerated Vending Machine Demand by Region, 2009 - 2029 (million dollars)

4. Smart Vending Machines

Table 4-1 | Global Smart Vending Machine Demand by Region, 2009 - 2029 (million dollars)

5. North America

Table 5-1 | North America: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

6. Central & South America

Table 6-1 | Central & South America: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

7. Western Europe

Table 7-1 | Western Europe: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

8. Eastern Europe

Table 8-1 | Eastern Europe: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

9. Asia/Pacific

Table 9-1 | Asia/Pacific: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

10. Africa/Mideast

Table 10-1 | Africa/Mideast: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

11. Appendix

Table 11-1 | Relevant Industry Codes

Table 11-2 | Relevant HS Codes

Table 11-3 | Relevant NACE Codes

Table 11-4 | Countries in North America

Table 11-5 | Countries in Central & South America

Table 11-6 | Countries in Western Europe

Table 11-7 | Countries in Eastern Europe

Table 11-8 | Countries in the Asia/Pacific Region

Table 11-9 | Countries in the Africa/Mideast Region

Table 11-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 11-11 | Global Population by Region & Country, 2009 - 2029 (million persons)

Table 11-12 | Global Urban Population by Region & Country, 2009 - 2029 (million persons)

Table 11-13 | Global Fixed Investment by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 11-14 | Global Personal Consumption Expenditures by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 11-15 | Global Nonresidential Building Construction Expenditures by Region & Country, 2009 - 2029 (billion 2018 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | Refrigerated Vending Machines Global Market

2. About This Report

Figure 2-1 | Global Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

3. Overview

Figure 3-1 | Global Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 3-2 | Global Refrigerated Vending Machine Demand by Region, 2009 - 2029 (million dollars)

Figure 3-3 | Refrigerated Vending Machine Demand: Leading Country Markets, 2019 (million dollars)

Figure 3-4 | Global Refrigerated Vending Machine Demand by Location, 2019 (billion dollars)

Figure 3-5 | Global Refrigerated Vending Machine Market Share by Company, 2019 (billion dollars)

4. Smart Vending Machines

Figure 4-1 | Global Smart Vending Machine Demand by Region, 2009 - 2029 (million dollars)

5. North America

Figure 5-1 | North America: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 5-2 | North America: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 5-3 | United States: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 5-4 | Canada: Refrigerated Vending Machine Demand, 2009 - 2024 (million US dollars)

Figure 5-5 | Mexico: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

6. Central & South America

Figure 6-1 | Central & South America: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 6-2 | Central & South America: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 6-3 | Brazil: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 6-4 | Other Central & South America: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

7. Western Europe

Figure 7-1 | Western Europe: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 7-2 | Western Europe: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 7-3 | United Kingdom: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-4 | France: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-5 | Germany: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-6 | Spain: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-7 | Italy: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-8 | Netherlands: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 7-9 | Other Western Europe: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

8. Eastern Europe

Figure 8-1 | Eastern Europe: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 8-2 | Eastern Europe: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 8-3 | Russia: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 8-4 | Other Eastern Europe: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

9. Asia/Pacific

Figure 9-1 | Asia/Pacific: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 9-2 | Asia/Pacific: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 9-3 | Japan: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 9-4 | China: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 9-5 | South Korea: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 9-6 | Taiwan: Refrigerated Vending Machine Demand, 2009 - 2024 (million US dollars)

Figure 9-7 | Australia: Refrigerated Vending Machine Demand, 2009 - 2024 (million US dollars)

Figure 9-8 | India: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 9-9 | Indonesia: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 9-10 | Other Asia/Pacific: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

10. Africa/Mideast

Figure 10-1 | Africa/Mideast: Refrigerated Vending Machine Demand, 2009 - 2019 (million dollars)

Figure 10-2 | Africa/Mideast: Refrigerated Vending Machine Demand by Country, 2009 - 2029 (million dollars)

Figure 10-3 | Turkey: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

Figure 10-4 | Other Africa/Mideast: Refrigerated Vending Machine Demand, 2009 - 2024 (million dollars)

11. Appendix


© by The Freedonia Group, a division of MarketResearch.com