Global vending machines market revenues are expected to grow at a robust 5.7% CAGR between 2021 and 2031, reaching a value of US$ 12.57 Bn in 2021. As per Fact.MR analysis, key vending machine manufacturers are focusing on increasing their market share. Mergers & acquisitions, R&D, and strategic initiatives remain key focus areas.For instance, in May 2020, Selecta announced the launch of a range of convenient hygiene and safety solutions for public and private vending.
The Market Research Survey of Vending Machines by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand and growth. Sales Outlook of Vending Machines as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period. The market survey report also provides latest industry analysis on Vending Machines with key analysis of Vending Machines market drivers, trends, and influencing factors.
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Fact.MR’s study has done the segmentation of the market on the basis of vending type, use case, and region.
Key questions answered in Vending Machines Market Survey Report:
Impact of Covid-19 on Vending Machines Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.
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Key Takeaways of Vending Machines Market Study:
“Investments in refrigeration technology to increase shelf life of the products will immensely benefit manufacturers and increase demand in the long run. Addressing power consumption issues is expected to be supplemental to a simultaneous increase in demand”, says the Fact.MR analyst.
Essential Takeaways from the Market Report
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