The vending machine industry is expected to reach over $25 billion value by 2027.
Location & Market Analysis
The key to a good place for a vending machine is always foot traffic. The ideal placement for a vending machine is a high traffic area – such as a hallway, in front of a busy business, or outside of public transport. No matter where you place your vending machine, you’ll have to get approval or licensing for it.
Maintaining Your Vending Machines
Routinely replenish your machines with fresh, enticing products that cater to popular tastes, and establish a rigorous maintenance schedule to ensure your machines remain in peak working condition.
Prime Vending Machine Locations
- Shopping malls: High foot traffic with a diverse customer base.
- Universities and colleges: High demand for snack and beverage machines due to extended on-site presence of students.
- Hospitals: High traffic and frequent demand for quick snacks or drinks.
The Asia-Pacific region is the largest market for vending machines, accounting for over 40% of the global market share. Recent forecasts put the compound annual growth rate of connected vending machines at 16.3% between 2019 and 2024. This increase in connected machines is expected to have a positive impact on vending machine profit stats as the number of units grows and the penetration rate reaches 52%. Align your selection with both your product lineup and budget. Claiming prime real estate is crucial.