Global Industrial Vending Machine Market Size & Outlook
Global industrial vending machine market, 2017-2030 (US$M)
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Global industrial vending machine market highlights
- The global industrial vending machine market generated a revenue of USD 3,006.2 million in 2023 and is expected to reach USD 5,767.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, coil vending machine accounted for a revenue of USD 1,135.6 million in 2023.
- Carousel Vending Machine is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,006.2 million |
| Market revenue in 2030 | USD 5,767.0 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Coil vending machine |
| Fastest growing segment | Carousel Vending Machine |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carousel Vending Machine, Coil Vending Machine, Cabinet Vending Machine, Other |
Other key industry trends
- In terms of revenue, the North America accounted for 34.9% of the global industrial vending machine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 71.6 million by 2030.
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Industrial Vending Machine Market Scope
Industrial Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global industrial vending machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial vending machine market will help companies and investors design strategic landscapes.
Coil vending machine was the largest segment with a revenue share of 37.78% in 2023. Horizon Databook has segmented the Global industrial vending machine market based on carousel vending machine, coil vending machine, cabinet vending machine, other covering the revenue growth of each sub-segment from 2017 to 2030.
The emergence of advanced technologies has provided a significant impetus to the industrial vending machine market. The recent and upcoming models of industrial vending machines come with an integrated RFID tag and cloud infrastructure. The vending machine providers also offer machines with a multi-lingual display system to be suited for global markets.
For instance, Total Safety provides an industrial vending machine named SavePro3 that is integrated with Save Log software that records transactions with the help of RFID tags, alerts for filling up the stock, and is integrated with multi-language displays The industrial vending machines can be used to dispense various types of items without any staff intervention.
The rising adoption of industrial vending machines in medium and small manufacturing facilities due to benefits, including cost-effectiveness, less energy consumption, and the increasing focus of manufacturers from diverse industries on inventory reduction, is expected to rise their sales in the upcoming timeline.
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Our clientele includes a mix of industrial vending machine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial vending machine market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial vending machine market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global industrial vending machine market size, by region, 2017-2030 (US$M)
Top 10 countries: Industrial vending machine market size, 2023 (US$M)
Global industrial vending machine market share, by type, 2023 & 2030 (%, US$M)
Industrial vending machine market: Opportunity assessment by country
Global industrial vending machine market, by region, 2023 (US$M)
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