Latin America Retail Vending Machine Market Size & Outlook
Latin America retail vending machine market, 2018-2030 (US$M)
Related Markets
Latin America retail vending machine market highlights
- The Latin America retail vending machine market generated a revenue of USD 5,519.4 million in 2023.
- The market is expected to grow at a CAGR of 8.6% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,519.4 million |
| Market revenue in 2030 | USD 9,834.3 million |
| Growth rate | 8.6% (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, Latin America region accounted for 9.0% 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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Latin America 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 44.11% in 2023. Horizon Databook has segmented the Latin America 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.
Rapid urbanization, technological advancements, partnerships and alliances, changing demographics, rising hygiene concerns, growing e-commerce sector, rising disposable income & standard of living, entry of a large number of food and beverage brands, and a shift in consumer preference toward branded food and beverages are some of the key growth drivers of the Latin American vending machine market.
In April 2021, Algramo, a Santiago, Chile-based company, launched a refill vending machine that delivers merchandise 'by the gramme' to clients' doorsteps on an electric tricycle equipped with refills, using radio-frequency identification (RFID) tagged containers and internet of things (IoT) technology.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America retail vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America retail vending machine market size, by country, 2018-2030 (US$M)
Latin America Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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