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Unlocking Insights: Asia-Pacific Smart Vending Machine Market Share and Size Trends for 2028

A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Asia-Pacific Smart Vending Machine Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Asia-Pacific Smart Vending Machine Market Definition:
Smart vending machines are devices that automatically dispense small items like cigarettes, cold drinks, snacks, lottery tickets, etc., when a card or cash is inserted. These machines offer economical solutions to companies & various other buildings to eliminate the need to hire humans to sell different products in crowded place.
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Asia-Pacific Smart Vending Machine Market Insights:
The Asia-Pacific Smart Vending Machine Market is projected to grow at a CAGR of around 17.3% during the forecast period, i.e., 2023-28.
Asia-Pacific Smart Vending Machine Market Driver:
Surge in Digital Payments to Enhance the Requirement for Smart Vending Machines - In Asia-Pacific, the adoption of digital payment methods is raising at a high pace, owing to which the consumers are getting inclined towards machines that dispense products & accepts cashless payments. As per Mastercard’s New Payments Index 2022, almost 88% of the consumers in the region have used digital payment methods, such as digital wallets, QR codes, etc., during 2021. In addition, in countries like Vietnam, the total transaction value of e-payments reached approximately USD15 million in 2021. This has created a large consumer base that is substantially relied on digital payments for day-to-day transactions, and owing to this market has proliferated during the historical period by the installation of these machines in high-traffic areas such as transport hubs, shopping complexes, corporate offices to cater the preferences of digitally savvy consumers. Moreover, the countries like Vietnam, Thailand, India, etc., are implementing various initiatives to digitalize the economy. For instance,
In 2021, the Vietnamese government launched a scheme for Cashless Payment Promotion in Vietnam for the tenure 2021-2025.
These initiatives promote the growth of digital payments in APAC & leveraging these digital payment prospects could offer seamless operational efficiency, attracting more consumers to buy products via these machines. Therefore, the regional market is predicted to showcase a considerable growth rate during the forthcoming period.
Asia-Pacific Smart Vending Machine Market Leading Key Players:
Fuji Electric Co., Ltd. Asahi Group Holdings, Ltd., Provending Machine CO., LTD Azkoyen SA Compass Group Plc Crane Co. EVOCA Spa Silkron Technology Sdn Bhd Glory VM Honeywell International, Inc. Aramark Corporation Daalchini Others
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Asia-Pacific Smart Vending Machine Market Segmentation:
Based on Product Type
- Beverage
- Snacks
- Chocolate and Candies
- Tobacco
- Others (Sanitary Pads, Tickets, Cigarettes, etc.,)
Based on End-User
- Shopping Malls
- Retail Stores
- Offices & Institutions
- Public Transport
- Others (Stadiums, Attractions, Hospitals, etc.,)
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Asia-Pacific Smart Vending Machine Market Geographical Analysis
By Region
- China
- Japan
- India
- South Korea
- South East Asia
- Oceania
- Rest of Asia-Pacific
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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