North America Intelligent Vending Machine Market Size By Product (Beverage, Food, Tobacco), By Application (Retail Sites, Public Transport Hubs, Offices/Institutions), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: July 2019 | Publisher: Graphical Research Report ID: GR1203 | Delivery : PDF

Rising investment and advancement in technology, such as IoT, smart devices, and automation, is encouraging developers in the North America intelligent vending machine market to design systems, which will enable a more interactive user experience and reduce operating costs. The demand for these systems is growing owing to several features, such as touchscreen interface, mobile payment, enhanced security, anti-theft cameras and speech processing, which are helping to improve the interface of the system. The players in the North America intelligent vending machine market are developing these systems to provide a fast and hassle-free shopping experience to their customers.

The presence of energy conservation policies in the U.S. is another factor propelling the North America intelligent vending machine market. For instance, the U.S. Department of Energy develops, revises, and implements minimum energy conservation standards for appliances and equipment in the country. Similarly, under the U.S. EPA regulation, Energy Star certifies whether the product is energy efficient and helps the business to save cost & energy. Several industries are adopting certified (Energy Star) refrigerated beverage vending systems that are around 40% efficient,  which helps to save over 1,000 kWh annually. These vending machines incorporate efficient lighting systems, compressors, and fan motors to keep beverages cold while using less energy.

The growing adoption of self-service technology and the introduction of new business models are anticipated to drive the demand for these machines in Canada. Retailers are implementing these machines across several application areas including supermarkets, retail stores, and shopping malls to automate the sales process. For instance, the initiative by Canada Post to launch a series of Concept Stores encourages each store to include a self-service shipping area, vending machines, and parcel boxes. The technological innovations and demand for enhanced customer experience will accelerate the adoption of these systems, thereby positively impacting the North America intelligent vending machine market.

The key players operating in the North America intelligent vending machine market are Azkoyen Group, Crane Co., Glory Ltd, Bianchi Vending Group, and Royal Vendors. The players are catering to customer demands by targeting their needs and requirements. They are adopting several strategies including mergers & acquisitions to capture a widespread customer base in the region. The applications of these vending machines are expected to grow owing to the development of automated solutions, positively impacting the North America intelligent vending machine market growth.

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North America Intelligent Vending Machine Market | Growth Analysis Report 2025


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