The Global Installed Base of Vending Machines is Projected to Reach 29.2 Million Units by 2022
Smart, Intelligent and Connected Vending Machines and Advancements in Payment Options Drive the Global Vending Machines Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Vending Machines market. The global installed base of Vending Machines is projected to reach 29.2 million units by 2022 , driven by advancements in vending technology, favorable trends in food consumption, growth in food retailing infrastructure, transformation in vending machine payment options, and growing penetration of intelligent, smart and connected vending machines. Vending machines, designed to dispense consumer products and other goods and services, are widely used in the automatic retailing market as well as in public buildings, hospitals, gas stations and airports. Growing from the confines of dispensing convenience foods & beverages such as c