GITNUX MARKETDATA REPORT 2024

Vending Machine Industry Statistics [Fresh Research]

With sources from: grandviewresearch.com, vending-europe.eu, jvma.or.jp, ibisworld.com and many more

In this post, we will explore a comprehensive set of statistics related to the vending machine industry, offering insights into its current state and future projections. From the number of vending machines in the U.S. to market values and consumer trends, these data points shed light on various aspects of this thriving sector. Let’s dive into the numbers to better understand the dynamics of the vending machine industry.

Statistic 1

"There are more than 5 million vending machines in the U.S."

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Statistic 2

"The global vending machine market was valued at $18.28 billion in 2020."

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Statistic 3

"The vending machine industry is expected to grow at a CAGR of 9.4% between 2021 and 2028."

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Statistic 4

"There are around 2,300 registered vending machine companies in Japan."

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Statistic 5

"Japan has the world’s highest vending machine density with about 1 machine for every 23 people."

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Statistic 6

"As of 2014, about 1.4% of vending machine transactions were made with a debit or credit card."

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Statistic 7

"Companies with 100-249 employees have approximately 1 vending machine per 40 employees."

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Statistic 8

"More than 60% of vending machine operators offer healthy snack options."

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Statistic 9

"Annual vending machine industry revenue in the U.S. is approximately $8 billion."

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Statistic 10

"The average product markup in vending machines ranges from 60% to 100%."

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Statistic 11

"Approximately 27% of U.S. vending machine sales come from soda products."

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Statistic 12

"About 6% of vending machine buyings in the U.S. are influenced by a mobile app or web deals."

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Statistic 13

"In 2020, the U.S. vending machine market reached estimated revenues of $6.56 billion."

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Statistic 14

"The vending machine industry directly employs around 85,000 people in Europe."

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Interpretation

The vending machine industry continues to show strong growth potential, with key statistics highlighting both the scale and opportunities within the market. The sheer number of vending machines in the U.S. and the global market value emphasize the widespread usage and economic significance of these machines. Projections indicate a promising trajectory with a high expected CAGR, especially in regions like Japan where vending machines are highly prevalent. The industry's shift towards offering healthier options and accepting newer payment methods reflects evolving consumer preferences. Overall, the statistics paint a picture of a dynamic and expanding industry with considerable revenue potential and significant employment opportunities worldwide.

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