The Asia-Pacific Smart Vending Machine Market is expected to grow at a CAGR of around 17.3% during the forecast period, i.e., 2023-28. MarkNtel Advisors’ recently published versions of the study on the Asia-Pacific Smart Vending Machine Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timeframe and Metrics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
- Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
- Before creating a roadmap or checklist for the research report, we seek to understand the client’s perspective and objectives.
- The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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Asia-Pacific Smart Vending Machine Market 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.
Analyzing the Segmentations for the Asia-Pacific Smart Vending Machine Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Product Type
-Beverage
-Snacks
-Chocolate and Candies
-Tobacco
-Others (Sanitary Pads, Tickets, Cigarettes, etc.,)
By End-User
-Shopping Malls
-Retail Stores
-Offices & Institutions
-Public Transport
-Others (Stadiums, Attractions, Hospitals, etc.,)
Exploring the Geographical Landscape of the Asia-Pacific Smart Vending Machine Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-China
-Japan
-India
-South Korea
-South East Asia
-Oceania
-Rest of Asia-Pacific.
Do You Know Who are the Leading Companies in the Asia-Pacific Smart Vending Machine Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the Asia-Pacific Smart Vending Machine Market companies:
-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.
Key Questions Addressed in the Asia-Pacific Smart Vending Machine Market Research Report:
- What is the estimated size, share, and CAGR of the Asia-Pacific Smart Vending Machine Market in the forecast period?
- What are the key trends projected to impact the Asia-Pacific Smart Vending Machine Market during 2023-2028?
- What are the different segments & sub-segments considered in the Asia-Pacific Smart Vending Machine Market research study?
- Who are the key stakeholders and players participating in the Asia-Pacific Smart Vending Machine Market?
- What are the major aspects creating opportunistic arena for the Asia-Pacific Smart Vending Machine Market?
- What would be the demand for different types of products/services in the Asia-Pacific Smart Vending Machine Market through 2028?
- What all factors would create challenge for the Asia-Pacific Smart Vending Machine Industry growth?
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