Asia-Pacific Smart Vending Machine Market Research Report: Forecast (2023-2028)

By Product Type (Beverage, Snacks, Chocolate and Candies, Tobacco, Others (Sanitary Pads, Tickets, Cigarettes, etc.)), By End-User (Shopping Malls, Retail Stores, Offices & Institu......tions, Public Transport, Others (Stadiums, Attractions, Hospitals, etc.)), By Country (China, Japan, India, South, Korea, South, East Asia Oceania, Rest of Asia-Pacific), By Company (Fuji Electric Co., Ltd. Asahi Group Holdings, Ltd., Provending Machine CO., LTD Azkoyen SA Compass Group Plc Crane Co. EVOCA Spa Silkron Technology Sdn Bhd Glory VM Honeywell International, Inc. Aramark Corporation Daalchini Others) Read more

  • FMCG
  • May 2023
  • 162
  • PDF, Excel, PPT

Market Definition

Smart vending machines are devices that automatically dispense small items like cigarettes, cold drinks, snacks, lottery tickets, etc., when a card or cash is inserted. These machines offer economical solutions to companies & various other buildings to eliminate the need to hire humans to sell different products in crowded place.

Market Insights & Analysis: Asia-Pacific Smart Vending Machine Market (2023-28)

The Asia-Pacific Smart Vending Machine Market is projected to grow at a CAGR of around 17.3% during the forecast period, i.e., 2023-28. The surge in organized retailing across malls & multiplexes, BPOs, and IT industries in the APAC has fueled the demand for this vending machine during the historical period. With these machines located in malls, multiplexes, and other commercial areas, customers can easily purchase products like snacks, beverages, and other essentials without having to leave the premises. This convenience has boosted the requirement for these machines in these areas. Similarly, employees in BPOs & IT industries often have busy schedules & may not have time to visit traditional stores to purchase snacks or other essentials. Therefore, the smart vending machines located in these workplaces can save time by providing quick & easy access to these products.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 17.3%
Country Covered China, Japan, India, South, Korea, South, East Asia Oceania, Rest of Asia-Pacific
Key Companies Profiled Fuji Electric Co., Ltd. Asahi Group Holdings, Ltd., Provending Machine CO., LTD Azkoyen SA Compass Group Plc Crane Co. EVOCA Spa Silkron Technology Sdn Bhd Glory VM Honeywell International, Inc. Aramark Corporation Daalchini Others
Unit Denominations USD Million/Billion

 

Moreover, in countries like Singapore, India, China, etc., shopping malls are expanding as many retailers & investors are seeking to capitalize on the growing consumer demand of the region. Hence, the expansion of malls in these countries presents an opportunity for the installation of these machines to meet the necessity & preferences of modern consumers, which would increase the installation & support market growth during the forecast period.

Furthermore, countries in Asia-Pacific, like India, China, Japan, Thailand, etc., are popular tourist destinations, as a result, the number of amusement parks, theme parks, and sports arenas are growing in the region to cater to the soaring demand. This would subsequently enhance the adoption of full-line smart vending machines during the forecast period.

Asia-Pacific Smart Vending Machine Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on Asia Pacific Smart Vending Machine market
  5. Asia Pacific Smart Vending Machine Porter’s Five Forces Model
    1. Threat of New Entrants
    2. Bargaining Power of Suppliers
    3. Bargaining Power of Buyers
    4. Threat of Substitutes
    5. Intensity of Competition
  6. Asia Pacific Smart Vending Machine Trends & Insights
  7. Asia Pacific Smart Vending Machine Dynamics
    1. Growth Drivers
    2. Challenges
  8. Asia Pacific Smart Vending Machine Policies & Regulations
  9. Asia Pacific Smart Vending Machine Hotspot & Opportunities
  10. Asia Pacific Smart Vending Machine Supply Chain Analysis
  11. Asia Pacific Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Product Type
        1. Beverage
        2. Snacks
        3. Chocolate and Candies
        4. Tobacco
        5. Others (Sanitary Pads, Tickets, Cigarettes, etc.,)
      2. By End-User
        1. Shopping Malls
        2. Retail Stores
        3. Offices & Institutions
        4. Public Transport
        5. Others (Stadiums, Attractions, Hospitals, etc.,)
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. South East Asia
        6. Oceania
        7. Rest of Asia-Pacific
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  12. China Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  13. Japan Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  14. India Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  15. South Korea Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  16. South East Asia Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  17. Oceania Smart Vending Machine Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. Unit Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End-User
  18. Asia Pacific Smart Vending Machine Key Strategic Imperatives for Success & Growth
  19. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Fuji Electric Co., Ltd.
      2. Asahi Group Holdings, Ltd.,
      3. Provending Machine CO., LTD
      4. Azkoyen SA
      5. Compass Group Plc
      6. Crane Co.
      7. EVOCA Spa
      8. Silkron Technology Sdn Bhd
      9.  Glory VM
      10.  Honeywell International, Inc.
      11.  Aramark Corporation
      12. Daalchini
      13. Others
  20. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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