Middle East & Africa Retail Vending Machine Market Size & Outlook
Middle East & Africa retail vending machine market, 2018-2030 (US$M)
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MEA retail vending machine market highlights
- The MEA retail vending machine market generated a revenue of USD 2,803.5 million in 2023.
- The market is expected to grow at a CAGR of 9% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,803.5 million |
| Market revenue in 2030 | USD 5,139.0 million |
| Growth rate | 9% (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, MEA region accounted for 4.6% 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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Middle East & Africa 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 44.44% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Vending machines are popular in the Middle East & Africa due to their low operating costs, remote administration, payment flexibility, improved energy efficiency, software flexibility, and the adoption of IoT. These are the key driving forces of the vending machine market.
A rise in the number of hotels across the Middle East & Africa region is also expected to drive the market in the near future. With growing urbanization and increasing number of visitors in the region, the Middle East & Africa vending machine market is predicted to increase significantly in the coming years.
Vending machines are used in almost all public spaces in the Middle East, including offices, shopping malls, retail stores, supermarkets, hypermarkets, pubs and bars, and so on.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa retail vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA retail vending machine market size, by country, 2018-2030 (US$M)
Middle East & Africa Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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