Latin America Vending Machine Market (2020-2026) | Trends, Forecast, COVID-19 IMPACT, Size, Companies, Value, Revenue, Outlook, Industry, Analysis, Share & Growth

The Latin America vending machine market is expected to register significant growth over the coming years primarily due to the changing lifestyle of consumers and the shift in consumer preference towards ready-to-eat and premium branded food and beverages. Additionally, increasing food retail sales through supermarkets, the growing tourism industry, an increasing number of hotels, malls, supermarkets will further support the growth of vending machines in the region. Moreover, increasing partnerships between technology developers and food and beverage players will strengthen the growth of vending machine in Latin America for instance, Intuitive, a startup operating in Argentina, is developing smart vending machines which use QR codes to access these machines and offer advanced products and services to customers in Latin America. Intuitive is also partnering with beverage vendors in Brazil and Argentina and serving the food stands and bars as cold drinks constitute a major chunk of vending machine sales in the region. These initiatives will further spur the demand for vending machines in Latin America during the forecast period.

According to 6Wresearch, Latin America Vending Machine Market size is anticipated to register considerable growth during 2020-2026. Rapid urbanization, technological advancement, partnerships and alliances, changing demographics, rising concerns for hygiene, growing e-commerce sector,  increasing disposable income & rising standard of living, entry of a large number of food and beverage brands as well as a shift in consumer preference towards branded food and beverages are some of the key growth drivers of the vending machine market in Latin America. However, the growth of the vending machine is anticipated to witness a slow down during the first half of 2020-2021 due to the outbreak of the Covid-19 pandemic. The government of most of the Latin American countries has implemented lockdown which has resulted in a standstill of business operations and commercial activities in these countries. However, the market is expected to recover gradually at the beginning of 2021 and it may even take the next few years to retain the normal business conditions in Latin America.

Based on product type, the vending machine market in Latin America is segmented into beverages, snacks, chocolates & candies, tobacco, and others. The snacks and beverages category leads to the overall vending machine market sales in Latin America due to the busy lifestyle and the rising number of the working population. Whereas, 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 Latin America. Further, the pharmacy outlets are also recording significant 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 centers.

Some of the key players operating in the Latin America 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. 

The Latin America vending machine market report comprehensively covers the market by product types, by end-users, and by key countries including Mexico, Brazil, Chile, Argentina, and the Rest of the Latin America region. The Latin America vending machine market outlook report provides an unbiased and detailed analysis of the Latin America vending machine market trends, Latin America 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.

Latin America Vending Machines Market is anticipated to find its true potential underpinned by an increase in product installation with the growing commercial sector across the region. Moreover, based on the product type, confectionery items are estimated to hold a dominant market share owing to a rising consumer base especially children who urge to try new shopping technology which not only leads to follow modern shopping trends but is expected to be a revenue-generating source for the stores as well and is further estimated to boost the growth of the Latin America vending machine market in the forthcoming years.

Key Highlights of the Report:

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

 Markets Covered

The Latin America 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:
• Mexico
• Brazil
• Chile
• Argentina
• Rest of Latin America

Other Key Related Reports Include:

• Mexico Vending Machine Market Report
• Brazil Vending Machine Market Report
• Chile Vending Machine Market Report
• Argentina Vending Machine Market Report

Frequently Asked Questions About the Market Study (FAQs):