Product ID: UCMIG25E2118
Report ID:
UCMIG25E2118 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The North American retail vending machine market, with a 2022 valuation of USD 15.21 billion, is poised for growth at a steady compound annual growth rate (CAGR) of 3.1% from 2023 to 2030. Vending machines are the most widely embraced form of unattended commerce, yet many consumers express a preference for additional self-service options like kiosks and cashier-less stores. Unattended retail channels represent an innovative avenue for retailers to enhance their sales and reach a broader customer demographic, offering a diverse range of payment methods and delivering a seamless, rapid, and convenient shopping experience. These channels encompass a wide array of products and services, including vehicle-related amenities like air pumps and parking, laundry services, and kiosks vending items such as clothing, computers, and electronics.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25E2118