Asia Pacific (APAC) Vending Machine Market (2020-2026) | Size, Analysis, Growth, Forecast, Share, Revenue, Outlook & COVID-19 IMPACT

Asia Pacific vending machine market report comprehensively covers the market by product types, by end-users, and by key countries including India, China, Japan, South Korea, Indonesia, Philippines, Malaysia, Myanmar, Cambodia, Australia, and the rest of Asia Pacific region. The APAC vending machine market outlook report provides an unbiased and detailed analysis of the APAC vending machine market trends, APAC vending machine market share, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Asia Pacific Vending Machine Market

Asia Pacific Vending Machine Market has undergone significant development in recent years. The major factors driving the market include technological advancement and changing consumer preferences. Due to the COVID-19 pandemic, there has been an increased focus on contactless payment options in vending machines. Many companies are now implementing cashless and contactless payment systems to ensure the safety of their customers and to protect them from infection. Smart vending machines are equipped with sensors and cameras that enable them to monitor their inventory levels and detect when items need to be restocked. Moreover, these machines also send alerts to the operator whenever it needs maintenance services.

Artificial intelligence is being integrated into vending machines to provide more personalized and efficient services to consumers. It enabled vending machines to analyze customer data and make recommendations based on customer preferences. There has been an increasing demand for healthy food and drink and vending machines are responding to this trend by offering healthy food options. Moreover, Robotic vending machines provide a unique and interactive experience for customers. Thus, driving the vending machine market size in recent years. Furthermore, Micro-market vending machines are like small convenience stores that offer a variety of products. These machines often include fresh food options and are designed for use in workplaces. 

Asia Pacific Vending Machine Market Synopsis

APAC vending machine market is anticipated to register significant growth over the coming years on account of rapid urbanization and the development of retail channels such as supermarkets, hypermarkets, shopping malls, and convenience stores in the region. Changing the lifestyle of consumers and the growing working population has led to the growth of ready-to-eat food and beverages in APAC.  Further, rapid economic development coupled with the growing retail and tourism sector across key certain key countries such as China, India, Japan, and Singapore would also spur the demand for the vending machine market in the APAC region over the coming years.

According to 6Wresearch, the Asia Pacific (APAC) Vending Machine Market size is expected to register substantial growth during 2020-2026. Increasing disposable income and rising standard of living, entry of a large number of food and beverage brands, rising number of the working population, technological advancement, increasing number of QSR as well as rising e-commerce platforms across the region are some of the key growth drivers of the vending machine market in the APAC region. However, the growth of the vending machine is anticipated to witness a slowdown during the first half of 2020-2021 due to the outbreak of the Covid-19 pandemic. The government of most Asian countries has implemented lockdowns which have resulted in a standstill of business operations and commercial activities in the countries. However, the market is expected to recover gradually at the beginning of 2021 in a few countries such as China, India, Australia, Japan, and Singapore. Whereas, in some other Asian countries the market may recover in the next few years. The introduction of smart card vending machines in Japan is also propelling the growth of the industry. 

Asia pacific vending machine market is anticipated to witness substantial growth in the forthcoming years on the back of the enormous growth of the healthcare sector. On the basis of the country, the India vending machines market is estimated to generate high sales revenues owing to increased government investment in developing modern hospital infrastructure coupled with the increasing availability of vending machines in hospitals for easy availability of medicines at late night which would act as robotic pharmacies and, in the hospitals, which is estimated to spur the growth of vending machines across the healthcare sector coming timeframe and would benefit the vending machine market size to seek significant growth potential in the coming time zone.

Asia Pacific industrial control and factory automation market is estimated to find its true potential growth underpinned by the rising commercial sector growth across the region. Additionally, the hospitality sector is estimated to shape the market landscape underpinned by the rising tourist influx, especially in Southeast Asian countries like the Philippines, Indonesia, and Thailand simultaneously the vending machine installation is likely to instigate ensure easy availability of the product at midnight as well and is estimated to act as a catalyst for the potential growth of the Asia Pacific vending machine market in the upcoming six years.

Asia Pacific vending machine market is anticipated to gain popularity in the coming timeframe on the back of the rising potential growth of the transportation sector.  Airports and metro stations all have installed vending machines for 24*7 hours availability of products and the growing expansion of the commercial sector in the developed and developing countries in the country and this is expected to act as a catalyst for the growth of the Asia Pacific vending machine market. The top players operating in the Asia Pacific vending machine market include Cantaloupe Systems, Azkoyen Group, stomatic vending services Ltd., and Fuji electric.

Asia Pacific Vending Machines Market is anticipated to register sound revenues in the forthcoming years on the back of the rising growth of urbanization, especially in emerging countries like India and China where populations have been using technology for shopping to experience smart customer services. Additionally, the rising vending machine installation in retail stores is estimated to generate humongous revenue in the market owing to an increase in the expansion of the supermarkets and hypermarkets where massive footfall has been witnessed each day due to the growing population base which is further estimated to boost the growth of the vending machine market in the entire Asia Pacific region.

Some of the key players operating in the APAC vending machine market are Automated Merchandising Systems, Azkoyen Vending Systems, American Vending Machines, Continental Vending, Evoke Group, Bianchi Industry SpA, Bulk Vending Systems, Crane Merchandising Systems Inc, Fuji Electric Co., Ltd, Sanden Holdings Corporation and others. 

Market Analysis by Product Type

In terms of product type, the vending machine market in APAC is segmented into beverages, snacks, chocolates & candies, tobacco, and others. The snacks and beverages category leads the overall vending machine market sales in the APAC region due to busy lifestyles and the rising number of the working population.

Market Analysis by End-user

Based on end-users, the vending machine market is segmented into QSR, shopping malls, & retail stores, offices, and institutions, public transport, and others. The QSR, shopping malls, and retail stores are witnessing significant growth in the vending machine market in APAC. Further, the pharmacy outlets are also recording growth in revenues due to the spread of the Covid-19 pandemic which has resulted in increased usage of vending machines across hospitals and other healthcare centres.

Key Highlights of the Report:

• APAC Vending Machine Market Overview
• APAC Vending Machine Market Outlook
• APAC Vending Machine Market Forecast
• Historical Data of APAC Vending Machine Market Revenues for the Period 2016-2019
• APAC Vending Machine Market Size and APAC Vending machine Market Forecast of Revenues, Until 2026
• Historical Data of APAC Vending Machine Market Revenues, By Product Types, for the period 2016-2026
• Market Size & Forecast of APAC Vending Machine Market Revenues and Volumes, By Product Types, Until 2026.
• Historical Data of APAC Vending Machine Market Revenues, By End Users, for the period 2016-2026
• Market Size & Forecast of APAC Vending Machine Market Revenues and Volumes, By End Users, Until 2026.
• Historical Data of India Vending Machine Market Revenues, for the period 2016-2026
• Market Size & Forecast of India Vending Machine Market Revenues and Volumes, Until 2026.
• Historical Data of China Vending Machine Market Revenues, for the period 2016-2026
• Market Size & Forecast of China Vending Machine Market Revenues and Volumes, Until 2026.
• Historical Data of Japan Vending Machine Market Revenues, for the period 2016-2026
• Market Size & Forecast of Japan Vending Machine Market Revenues and Volumes, Until 2026.
• Historical Data of Australia Vending Machine Market Revenues and Volumes for the period 2016-2026
• Market Size & Forecast of Australia Vending Machine Market Revenues and Volumes, Until 2026.
• Historical Data of Rest of the APAC Vending Machine Market Revenues, for the period 2016-2026
• Market Size & Forecast of Rest of the APAC Vending Machine Market Revenues and Volumes, Until 2026.
• Market Drivers and Restraints
• APAC Vending Machine Market Trends and Industry Life Cycle
• Market Opportunity Assessment
• APAC Vending Machine Market Share, By Players
• APAC Vending Machine Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

 Markets Covered

The APAC vending machine market report provides a detailed analysis of the following market segments:

By Product Type:

• Beverages
• Snacks
• Chocolate and Candies
• Tobacco
• Others

By End Users:

• QSR
• Shopping Malls
• Retail Stores
• Offices and Institutions
• Public Transport
• Others

By Countries:

• India
• China
• Japan
• South Korea
• Indonesia
• Philippines
• Malaysia
• Myanmar
• Cambodia
• Australia
• Rest of Asia Pacific