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The global Smart Connected Vending Machines market was valued at USD 2.95 billion in 2023 and is projected to reach USD 6.41 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period (2024-2030). The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.​

Smart Connected Vending Machines (SCVMs) are revolutionizing the vending industry, offering numerous benefits to both operators and consumers.

Increased Consumer Satisfaction:

• Personalization: SCVMs can offer personalized product recommendations based on past purchases and preferences. Studies show that personalized experiences can increase consumer satisfaction by up to 20%.
• Payment Flexibility: With the integration of multiple payment options, including contactless payments, mobile wallets, and traditional methods, consumer convenience is significantly enhanced. Approximately 45% of consumers prefer using digital payments, and SCVMs cater to this preference efficiently.

Enhanced User Engagement:

• Interactive Displays: The use of interactive touchscreens and digital displays attracts and engages users. Around 30% of consumers reported that interactive features positively influenced their decision to make a purchase.
• Real-Time Feedback: SCVMs can solicit real-time feedback from users, leading to improved service and product offerings. About 25% of consumers are more likely to provide feedback through easy-to-use digital interfaces.

Efficiency and Reliability:

• Reduced Downtime: SCVMs equipped with IoT sensors and remote monitoring can predict maintenance needs and reduce downtime. This leads to a reported 15% increase in machine reliability.
• Inventory Management: Real-time inventory tracking ensures that popular items are always in stock, reducing instances of out-of-stock products by up to 35%.

Health and Safety:

• Touchless Technology: The implementation of touchless technology has become increasingly important. About 40% of users prefer touchless interactions, particularly in the post-pandemic era.
• Hygiene and Safety Protocols: SCVMs can be regularly sanitized and maintained remotely, ensuring higher standards of cleanliness, which 50% of consumers have noted as a critical factor in their decision to use vending machines.

Environmental Impact:

• Energy Efficiency: Modern SCVMs are designed to be energy-efficient, reducing power consumption by up to 30% compared to traditional vending machines.
• Sustainable Practices: Consumers are increasingly environmentally conscious, and SCVMs can be stocked with eco-friendly products, appealing to the 35% of consumers who prioritize sustainability.

Sales and Revenue Growth:

• Increased Sales: The enhanced user experience and convenience offered by SCVMs lead to increased sales. Operators report an average sales growth of 20% after upgrading to smart vending machines.
• Data-Driven Insights: The data collected from SCVMs provides valuable insights into consumer behavior, allowing for better inventory and marketing strategies. This can lead to an additional 10-15% increase in sales through targeted promotions.

Consumer Demographics:

• Diverse User Base: SCVMs appeal to a broad range of consumers, including tech-savvy millennials and convenience-seeking Gen Z. Approximately 60% of SCVM users are under the age of 40, indicating a strong preference among younger demographics.

Smart connected vending machines significantly enhance the end-user experience by offering personalized, convenient, and engaging interactions.

The global key manufacturers of Smart Connected Vending Machines include Fuji Electric, Crane Merchandising Systems, Sanden, Evoca Group, Royal Vendors, Azkoyen, Sielaff, FAS International and Bianchi Vending, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

This report aims to provide a comprehensive presentation of the global market for Smart Connected Vending Machines, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Connected Vending Machines. This report contains market size and forecasts of Smart Connected Vending Machines in global, including the following market information:

• Global Smart Connected Vending Machines Market Revenue, 2019-2024, 2025-2030, ($ millions)
• Global Smart Connected Vending Machines Market Sales, 2019-2024, 2025-2030, (K Units)
• Global top five Smart Connected Vending Machines companies in 2023 (%)

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Connected Vending Machines manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Connected Vending Machines Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Smart Connected Vending Machines Market Segment Percentages, by Type, 2023 (%)

• Beverage
• Commodity
• Food
• Others

Global Smart Connected Vending Machines Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Smart Connected Vending Machines Market Segment Percentages, by Application, 2023 (%)

• Airport
• Railway Station
• School
• Business Center
• Others

Global Smart Connected Vending Machines Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Smart Connected Vending Machines Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Smart Connected Vending Machines revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Smart Connected Vending Machines revenues share in global market, 2023 (%)
• Key companies Smart Connected Vending Machines sales in global market, 2019-2024 (Estimated), (K Units)
• Key companies Smart Connected Vending Machines sales share in global market, 2023 (%)

key players include:

• Fuji Electric
• Crane Merchandising Systems
• Sanden
• Evoca Group
• Royal Vendors
• Azkoyen
• Sielaff
• FAS International
• Bianchi Vending
• Seaga
• Jofemar
• Automated Merchandising Systems
• AUCMA
• TCN Vending Machine
• Fuhong Vending

Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Connected Vending Machines, market overview.
Chapter 2: Global Smart Connected Vending Machines market size in revenue and volume.
Chapter 3: Detailed analysis of Smart Connected Vending Machines manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Connected Vending Machines in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Smart Connected Vending Machines capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.