The vending machine market is predicted to surpass $30 billion in revenue by 2024, when worldwide industry shipments are anticipated to register more than 14 percent gains, according to Global Market Insights. The market is experiencing high growth due to a rise in the development of energy-efficient solutions by manufacturers that will help companies reduce their carbon footprint. Additionally, smart vending machines that are integrated with recycling technologies are becoming more popular.
The retail sector accounted for over 15 percent of the vending industry in 2017 and is experiencing high adoption due to the increasing transformation of retail outlets to the mechanized stores. In addition, the adoption of food and beverage-dispensing equipment in public transport hubs is growing rapidly.
Related: Breaking the Mold on Vending Machines; Vengo Raises $7 Million in Funding.
from Specialty Food News http://bit.ly/2Hs7CdI
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