The global vending machine market has witnessed remarkable growth in recent years, driven by technological advancements, increasing consumer preference for self-service options, and the rise of the automated retail sector. In 2023, the global vending machine market size was valued at approximately $22 billion. Projections indicate that this market is set to grow at a compound annual growth rate (CAGR) of 9% from 2023 to 2030, potentially reaching a market size of $40 billion by the end of the decade.
The Vending Machine Industry: Market Size, Growth, and Target Segments