Retail Vending Machine Market To Reach $89.27 Billion By 2030

Retail Vending Machine Market Growth & Trends

The global retail vending machine market size is expected to reach USD 89.27 billion by 2030, registering a CAGR of 3.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The industry growth can also be attributed to the ability of these machines to deliver goods quickly, making it an extremely convenient option for consumers. Vending machine sales appear to be a potential means of food and beverage distribution, as these machines can sell various consumables, such as cigarettes and lottery tickets, in addition to snacks and beverages. As a result, vending machine operators can create high revenue by strategically installing them in corporate buildings, schools, malls, train stations, and airports, among other locations.

In recent years, IoT technology has provided vending machine operators with the opportunity to improve their businesses by tracking products and assessing what is popular in machines. By tracking stocks through connected devices, vending machine operators can be instantly alerted about low stock levels in their vending machines, which may ultimately reduce expenses and improve customer service. According to Sigfox, the noticeable use of IoT in the vending industry is in plug-and-play smart button devices that attach to machines, enabling individuals to contact facility management instantly. By payment mode, cashless payment technology is expected to witness tremendous growth as it goes hand in hand with payment security.

Although data breaches & scams have impeded the convenience of using a debit/credit card, vending machine operators are working with certain financial institutions to implement the strictest security measures to protect both customers and operators. Operators are adopting various strategies to maximize profit by being at the right location with the right products, sourcing products in bulk, investing in intelligent vending machines to gain consumer insights, and other ways. For instance, hot food and sandwich vending machines may do well in business environments, universities, and schools, while, in most public locations, hot drinks like coffee, tea, and hot chocolate have high demand. Industry players face intense competition from each other, as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition.

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Retail Vending Machine Market Report Highlights

• The beverage segment led the market with the largest revenue share of 44.78% in 2024, owing to the rising consumer preference for convenient, on-the-go refreshment options and advancements in vending technology.

• Based on location, the manufacturing segment led the market with the largest revenue share of 35.47% in 2024.

• Based on payment mode, the cashless segment led the market with the largest revenue share of 75.41% in 2024. As consumers shift toward cashless transactions, vending machine operators are adapting by integrating mobile payments, credit/debit card readers, and QR code payment systems.

• Asia Pacific dominated the retail vending machine market with the largest revenue share of 56.78% in 2024.

Retail Vending Machine Market Segmentation

Grand View Research has segmented the global retail vending machine market on the basis of product, payment mode, location, and region:

Retail Vending Machine Product Outlook (Revenue, USD Million, 2018 - 2030)

• Beverage Vending Machines

  • Hot Beverage Vending Machines

  • Cold Beverage Vending Machines

• Snacks Vending Machines

• Food Vending Machines

• Frozen Vending Machines

• Tobacco Vending Machines

• Games/Amusement Vending Machines

• Beauty & Personal Care Vending Machines

• Candy & Confectionery Vending Machines

• Pharmaceuticals Vending Machines

• Electronics Vending Machines

• Book & Magazine Vending Machines

Retail Vending Machine Location Outlook (Revenue, USD Million, 2018 - 2030)

• Manufacturing

• Offices

• Colleges & Universities

• Hospitals & Nursing Homes

• Restaurants, Bars & Clubs

• Public Places

• Others

Retail Vending Machine Payment Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Cashless

• Cash

Retail Vending Machine Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Ireland

  • Germany

  • France

  • Italy

  • Switzerland

  • Poland

  • Portugal

  • Netherlands

  • Spain

• Asia Pacific

  • China

  • Japan

  • Australia

  • South Korea

• Latin America

  • Mexico

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Israel

List of Key Players of Retail Vending Machine Market

• Azkoyen Group

• Westomatic Vending Services Limited

• Royal Vendors, Inc.

• Glory Ltd.

• Sanden Holding Corp.

• Seaga Manufacturing Inc.

• Orasesta S.p.A

• Sellmat s.r.l.

• Fuji Electric Co., Ltd.

• Selecta Group

• Express Vending

• DGA Vending GmbH