According to a new report published by Allied Market Research, titled, “Vending Machine Market by Type, Application, Technology, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027,” The global vending machine market size was valued at $18.28 billion in 2019 and is anticipated to reach $25.25 billion by 2027, with a CAGR of 6.7% during the …
Tag Archives: Vending Machine Market growth
Vending Machine Market Expected to Garner $25.25 billion in the 2021 to 2027 Timeframe, Growing at 6.7% CAGR
The vending machine market has witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for this product in some major parts of Asia-Pacific and LAMEA, which is attributable to low-performing macro-economic factors such as low internet penetration and insufficient marketing strategies by manufacturers. Thus, lower penetration of such products limits …
Vending Machine Market is expected to witness substantial growth of 6.7% CAGR during 2021-2027
The global vending machine market size was valued at $18.28 billion in 2019 and is anticipated to reach $25.25 billion by 2027, with a CAGR of 6.7% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $6.97 billion from 2021 to 2027. The electronically run machines are coin or swipe card …