Intelligent vending machine market to experience massive growth in future

The intelligent vending machine market has experienced continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2024-2032, according to a press release from HTF Market Intelligence.

Some of the major and emerging players include Sanden, Lone Star Funds, Seaga, Royal Vendors, Azkoyen, Sielaff, Bianchi Vending, Jofemar, FAS International, Automated Merchandising Systems, Deutche Wurlitzer, TCN Vending Machine, Fuhong Vending, American Vending Machines, Bulk Bending Systems, Continental Vending, Evoka Group, N&W Global Vending, Rhea Venders Group and Westomatic Vending Services.

According to the press release, the global vending machine market accounted for $18.3 billion in 2022 and is anticipated to garner a revenue of $37.2 billion by 2032, rising at a CAGR of 7.5% from 2023 to 2032.

Source: Vending Times