Canada Retail Vending Machine Market Size & Outlook
Canada retail vending machine market, 2018-2030 (US$M)
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Canada retail vending machine market highlights
- The Canada retail vending machine market generated a revenue of USD 1,360.0 million in 2023 and is expected to reach USD 2,954.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.7% 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.
Retail vending machine market data book summary
| Market revenue in 2023 | USD 1,360.0 million |
| Market revenue in 2030 | USD 2,954.0 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Beverage vending machines |
| Fastest growing segment | Beauty & Personal Care Vending Machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.2% of the global retail vending machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. retail vending machine market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,954.0 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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Canada 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 42.49% in 2023. Horizon Databook has segmented the Canada 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.
Constant technology advancements have prompted the vending machine sector to create more contemporary, on-the-go solutions that are in line with customer behavior trends. Furthermore, advancements such as speech recognition, interactive display systems, and big data integration have made vending machines more convenient and user-friendly for customers, resulting in a beneficial influence on market development.
Due to government initiatives to ease the tobacco and weed legalization in Canada, easy availability and rising consumption of tobacco products among the Canadian population is expected to drive the demand for tobacco vending machines.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada retail vending machine market , including forecasts for subscribers. This country databook contains high-level insights into Canada retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada retail vending machine market size, by type, 2018-2030 (US$M)
Canada Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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