SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Vending Machines - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 4716
Companies: 254 - Players covered include Acer Inc.; AOC International; Apple Inc.; ASUSTeK Computer Inc.; BenQ Corporation; Chuntex Electronics Co. Ltd.; Dell Inc.; Eizo Corporation; Gechic Corporation; Hannspree Europe Holdings B.V.; Hewlett-Packard Development Company L.P.; iiyama Corporation; Koninklijke Philips N.V.; Lenovo; LG Display Co. Ltd.; LG Electronics; NEC Display Solutions; Planar Systems Inc.; Qisda Corporation; Samsung Electronics Co., Ltd.; Tatung Company; TPV Technology Limited; ViewSonic Corporation Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Beverage, Food, Other Product Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Vending Machines Market to Reach $145.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Vending Machines estimated at US$134.4 Billion in the year 2020, is projected to reach a revised size of US$145.5 Billion by 2026, growing at a CAGR of 1.3% over the analysis period. Beverage, one of the segments analyzed in the report, is projected to record a 1.7% CAGR and reach US$88.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food segment is readjusted to a revised 1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $37 Billion in 2021, While China is Forecast to Reach $27.1 Billion by 2026
The Vending Machines market in the U.S. is estimated at US$37 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.1 Billion by the year 2026 trailing a CAGR of 2.8% over the analysis period. Among the other noteworthy geographic markets is Canada, which is forecast to grow at 1% CAGR over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.3% CAGR. More
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