Asia Pacific Retail Vending Machine Market Size & Outlook
Asia Pacific retail vending machine market, 2018-2030 (US$M)
Related Markets
Asia Pacific retail vending machine market highlights
- The Asia Pacific retail vending machine market generated a revenue of USD 18,960.3 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, beverage vending machines was the largest revenue generating type in 2023.
- Beauty & Personal Care Vending Machines is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 18,960.3 million |
| Market revenue in 2030 | USD 43,099.6 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Beverage vending machines |
| Fastest growing segment | Beauty & Personal Care Vending Machines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Vending Machines, Beverage Vending Machines, Games/Amusement Vending Machines, Tobacco Vending Machine, Candy & Confectionery Vending Machines, Beauty & Personal Care Vending Machines, Ticket Vending Machine |
| Key market players worldwide | Cantaloupe Inc, Sanden Corp, Fuji Electric Co Ltd, Azkoyen, Westomatic, Royal Vendors, Glory Global Solutions, Seaga Manufacturing, Sellmat |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.9% of the global retail vending machine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,099.6 million by 2030.
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Retail Vending Machine Market Scope
Retail Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific retail 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 retail vending machine market will help companies and investors design strategic landscapes.
Beverage vending machines was the largest segment with a revenue share of 43.31% in 2023. Horizon Databook has segmented the Asia Pacific retail vending machine market based on food vending machines, beverage vending machines, games/amusement vending machines, tobacco vending machine, candy & confectionery vending machines, beauty & personal care vending machines, ticket vending machine covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific vending machine market is anticipated to grow at a considerable CAGR over the forecast period. Vending machines can be easily found around train and bus stations, hotels, hospitals, amusement parks, commercial buildings, or even by the side of the road.
The growth of the market will be mainly influenced by the high penetration of vending machines in countries such as Japan and Singapore. Developing economies such as India and China also present strong growth potential in the vending machine market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific retail vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific retail vending machine market size, by country, 2018-2030 (US$M)
Asia Pacific Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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