Asia-Pacific Smart Vending Machine Market Comprehensive Analysis and Forecast 2023 to 2028

Markntel Advisors’ report, Asia-Pacific Smart Vending Machine Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Asia-Pacific Smart Vending Machine presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Asia-Pacific Smart Vending Machine Market Research Report & Market Summary:

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. The surge in organized retailing across malls & multiplexes, BPOs, and IT industries in the APAC has fueled the demand for this vending machine during the historical period. With these machines located in malls, multiplexes, and other commercial areas, customers can easily purchase products like snacks, beverages, and other essentials without having to leave the premises. This convenience has boosted the requirement for these machines in these areas. Similarly, employees in BPOs & IT industries often have busy schedules & may not have time to visit traditional stores to purchase snacks or other essentials. Therefore, the smart vending machines located in these workplaces can save time by providing quick & easy access to these products.

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Asia-Pacific Smart Vending Machine Market Dynamics:

Key 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 Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Product Type

Beverage
Snacks
Chocolate and Candies
Tobacco
Others (Sanitary Pads, Tickets, Cigarettes, etc.,)

Among them all, Beverages have registered substantial growth in Asia-Pacific due to the high demand for non-alcoholic beverages.

By End-User

Shopping Malls
Retail Stores
Offices & Institutions
Public Transport
Others (Stadiums, Attractions, Hospitals, etc.,)

By Country

China
Japan
India
South Korea
South East Asia
Oceania
Rest of Asia-Pacific.

Japan has exhibited significant adoption of smart vending machines during the historical period, as purchasing products through these machines is a part of daily life in the country.

As indicated in the latest market research report published by Markntel Advisors, “Asia-Pacific Smart Vending Machine Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Asia-Pacific Smart Vending Machine industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/apac-smart-vending-machine-market.html

Top Companies Operating in the Asia-Pacific Smart Vending Machine Market:

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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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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