Intelligent Vending Machine Market 2024 - Global Industry Will Be Driven By Growing Demand For Smart Dispensing Solutions

Intelligent vending machine market growth is accelerated by rising application of smart dispensing solutions at public transport hubs like bus stands, railways stations, and airports. Transportation hubs are now focusing on transforming their operational techniques from manual to automatic. For example, the Indian Railways is heavily investing in automation and has installed an automatic food vending machine, operated using a tablet, in the Coimbatore-Bengaluru UDAY Express, in June 2018.
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The global intelligent vending machine market has lately been growing at a significant pace lately, characterized by an increase in the development of the energy-efficient solutions by producers that will assist companies in reducing their carbon footprint. Notable companies in this vertical are building eco-friendly as well as recycling vending machines for providing sustainable technologies to lower environmental impacts.
Competitive Landscape of smart vending machines market: -
The competitive spectrum of this intelligent vending machine market is quite diverse, and consists of renowned companies like Sanden Holdings Corporation, Fuji Electric Co., Ltd., Crane Merchandising Systems, Inc, Bulk Vending Systems, Bianchi Industry SpA, Automated Merchandising Systems, and American Vending Machines, among others.
Prominent companies partaking in the vending machines industry have apparently retained focus on integrating advanced technologies in their product offerings. Growing adoption of these sustainable technologies, such as NFC-based payments, internet & mobile connectivity, and others, have remained pivotal strategies adopted by companies for enhancing their stance across this industry. A gist of the contribution by some of the major companies in the intelligent vending machine market is mentioned below:
Some of the major firms, including Coca-Cola, are apparently working on smart vending machines which are integrated with recycling technologies. Further, nations like the U.S., the UK, China and India have also adopted policies and initiatives to lower plastic usage, that would augment the growth of intelligent vending machine market.
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