Vending Machine Market to Grow at 14% CAGR 2014 – 2019 Forecasts a New Global Report at RnRMarketResearch.com
Pune, MH (PRWEB) October 13, 2015 -- The analysts of the report “Global Vending Machines Market 2015-2019” forecast global vending machine market to grow at a CAGR of 14.4% over the period 2014 – 2019. According to the report, one of the major drivers in this market is the growth of vending machines in retail. This is mainly due to the increased interaction of customers with vending machines in the retail outlets. Countries like China, Japan, and India are witnessing high growth in retail, providing huge growth prospects. The latest intelligent vending machines are becoming very popular in the retail industry. This is expected to fuel the growth of the global vending machines market during the forecast period.
The complete report on Global Vending Machines Market 2015 – 2019 spreads across 51 pages, analyzing 5 major leaders and supported with 13 Exhibits is now available at http://www.rnrmarketresearch.com/global-vending-machines-market-2015-2019-market-report.html.
The following companies are the key players in the Global Vending Machines Market: Coin Acceptors, Crane, Cubic, Fuji Electric and MEI.
Other Prominent Vendors in the market are: Vending, Abberfield Technology, Adrich Vending International, Allied Drink Systems, American Vending Machine, Asahi Seiko (Europe), Atlas Vending, Bettavend, Bianchi Vending Group, Bulk Vending Systems, Cantaloupe Systems, Canteen, Continental Vending, ETNA Coffee Technologies Fresh & Honest Café, Fresh Healthy Vending, Glory, GTECH, Ingenico, Innovative Vending Solutions, Local Vending, Maas International Group, Manchester Vending Services, Panasonic, Royal Vendors, Sanden Vendo America, UK Vending, VeriFone Systems, VendScreen and Westomatic Vending Services.
Commenting on the report, an analyst said: "One such major trend is embedded system based automatic ticket vending machines. It is an approach proposed to evolve from the traditional ticketing method. It incorporates RFID and the ZigBee technique to provide tickets by using smart cards. It also helps in fetching the details of the journey while booking before the commencing travel. It reduces the hassle during the entire process of ticket booking. Thus, this is expected to have a positive impact on the growth of the global vending machines market." Order a Copy of Report “Global Vending Machines Market 2015-2019” at http://www.rnrmarketresearch.com/contacts/purchase?rname=421094 for US $2500.
Further, the report states that one of the major challenges is the high initial investment and cost of production. These costs include the huge investment in the procurement of hardware and software that are outsourced from the manufacturers and the third-party software developers according to the buyer's requirements. This type of customization requires huge cost and it is a time-consuming process.
The report includes the present scenario and the growth prospects of the global vending machine market for the period 2015-2019. Based on the features and applications of vending machine, the market is segmented into two: low-end vending machine and intelligent vending machine.
The report, Global Vending Machine Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global vending machine market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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The 59 Market Research Chapters, Spread sheet Chapters: Market Consumption - in US$ by Country by Product/Service by Year, Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch.
Data Includes Market Consumption by Individual Product / Service, Per-Capita Consumption, Marketing Costs & Margins, Product Launch Data, Buyers, End Users & Customer Profile, Consumer Demographics. Historic Balance Sheets, Forecast Financial Data, Industry Profile, National Data.
Global Vending Machines Market Size and Forecast to 2017 (http://www.reportsnreports.com/reports/267877-global-vending-machines-market-size-and-forecast-to-2017.html): Product Synopsis
- Future forecasts and historic market data can improve market and strategic planning
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- Assess the impact of economic recession and recovery on market growth
Detailed category coverage is provided, covering 25 products, across eight product groups that include: Apparel, Accessories and Luxury Goods, Books, News and Stationery, Electricals and Electronics, Food and Grocery, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, and Sports and Leisure Equipment.
Forecasts allow marketers to understand the future pattern of market trends, from winners and losers to category dynamics, and thereby quickly and easily identify the key areas in which they want to compete in the future.
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