New Market Research | Japan Vending Machine Market Expected to Generate Robust Revenue Share by 2030 – RationalStat
WILMINGTON, Del., September 25, 2023 (Globe Newswire) — Japan vending machine market rated in USD 595.2 million in 2023 and is expected to grow significantly CAGR of over 6.7% According to the latest market report, over the forecast period 2023-2030 RationalStat
Market Definition, Market Scope and Report Overview
In Japan, the vending machine market refers to the industry that provides automated self-service machines that sell a wide range of products, such as snacks, beverages, cigarettes, tickets, hot meals, and even electronics. Japan is considered one of the most expansive and diverse vending machine markets in the world.
Vending machines have long been ingrained in Japanese society. People are accustomed to using devices for various tasks and devices are considered reliable. Vending machines can be found on almost every street corner, station, office building, and even remote areas in Japan. This convenience allows people to easily access his various products 24/7.
- A detailed market assessment by RationalStat analyzes the Japanese vending machine market. Based on market segments such as type, installation type, temperature setting, technology, payment method, end user, and geography/region. (Including Western Japan, Midwest Japan, Northeast Japan, and Southern Japan). The report also provides global and regional market size for historical period 2019-2022 and forecast period 2023-2030.
- Market intelligence for the Japan Vending Machines market includes market size based on market value (USD/million EUR) and volume (units) by various products/services/equipment, demand assessment across key regions, and customer sentiment. , price point, cost structure, profit analysis of the entire value chain, financial evaluation, historical and forecast data, key trends across the industry, import and export data, trade overview, parts market by leading companies, etc.
- Additionally, the long-term sector and product/service 10-year outlook and its impact on the Japanese vending machine market are also discussed. It also includes the current state of the industry – production levels, capacity utilization, technology indices, etc.Important information includes country-wise manufacturing capacity, installed base, import volume, market size, key players, market size, dynamics, market data, insights, etc.
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Japan Vending Machine Market: Segment and Market Share Analysis
- By type, the beverage vending machine segment is expected to capture the largest market share in 2022, accounting for more than three-quarters of the market revenue, and continue to hold the top position throughout the forecast period.
- In terms of end-user base, the market is dominated by hotels, restaurants, and cafes. As a result of the increased number of coffee shops, shopping malls, hotels, restaurants and other establishments.
Report summary
| Report metrics | detail |
| base year | 2023 |
| Forecast period | 2023-2030 |
| Base year market size | 595.2 million USD |
| Market size forecast | US$936.8 million |
| growth rate | 6.7% |
| Key market drivers |
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| Introduced companies |
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Competitive analysis and market structure
Japanese companies, brands, and global manufacturers are adopting various strategies to strengthen their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies adopted by industry players. Key developments in the Japanese vending machine market include:
- Kirin Holdings has announced that it will launch a new vending machine that sells hot food in June 2022. The name of the machine is “Kirin Hot Meal Vending Machine”. We offer a variety of hot meals including ramen, udon, and curry.
- In May 2022, Lawson introduced new vending machines that sell fresh fruits and vegetables. This machine is installed in a Lawson convenience store in Tokyo and serves a variety of fruits and vegetables, including apples, bananas, and tomatoes.
- In March 2021, Fuji Electric developed a completely contactless vending machine that allows customers to purchase products without touching the machine, meeting the needs of a contactless, face-to-face, and cashless society.
Some of the prominent players and suppliers operating and contributing significantly to the growth of the Japan Vending Machine market are: Fuji Electric Co., Ltd., Smartvend (Canonigo Enterprise LLC), TPK Vending Corporation Co., Ltd., Hunan Xingyuan Technology Co., Ltd., OMRON Software Co., Ltd., Otsuka Wellness Vending Co., Ltd., TPK Vending Corporation, 365 Retail Market, Stocks Company Kubota, JAC Corporation, Asahi Bussan Co., Ltd., Japan Tobacco Inc., VendPro, Sanden Retail Systems Co., Ltd. Among other things.
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RationalStat segmented Japan vending machine Market based on type, installation type, temperature setting, technology, payment method, end user and region
- Japan vending machine market Analysis of value (USD million), volume (units) and market share (2019-2030) by type
- food vending machine
- beverage vending machine
- candy/snack vending machine
- cigarette vending machine
- Others (personal care/hygiene vending machines, etc.)
- Japan vending machine market Analysis of value (USD million), volume (units), and market share (2019-2030) by installation type
- wall hanging
- Freestanding
- Others (wheels, casters for household appliances, etc.)
- Japan vending machine market Analysis of value (USD million), volume (units), and market share (2019-2030) by temperature setting
- ambient
- Como (refrigerated and non-refrigerated)
- Refrigerated
- hot
- frozen
- Japan vending machine market Value (USD Million), Volume (Units), and Market Share (2019-2030) Analysis by Technology
- key pad
- touch screen
- Mobile app-based flavors
- Japan vending machine market Analysis of Value (USD Million), Volume (Units), and Market Share (2019-2030) by Payment Methods
- cash
- coin acceptor
- coin change
- cashless
- card machine
- UPI or QR payment
- Japan vending machine market Value (USD Million), Volume (Units) and Market Share (2019-2030) Analysis by End User
- Companies and business spaces
- School/educational facility
- hospitals and clinics
- Hotels, restaurants, cafes
- Retail Store/Supermarket/Hypermarket
- Event space and community building
- airport
- Railway station
- bus stop
- Smart home and smart city
- others
- Japan vending machine market Value (USD Million), Volume (Units), and Market Share (2019-2030) Analysis by Regions
- western japan
- Midwest Japan
- Tohoku region
- southern japan
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Key questions answered in the vending machine report:
- What will be the market value of the Japanese vending machine market in 2030?
- What is the market size of the Japanese vending machine market?
- What are the factors driving the Japanese vending machine market?
- What are the main trends in the Japanese vending machine market?
- Which region is leading in Japan’s vending machine market?
- What are the major companies operating in the Japanese Vending Machine market?
- What is the market share of each major segment in the Japanese vending machine market?
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Check out our trend report
- Global vending machine market – According to a recent market report, the global vending machine market is expected to grow at a CAGR of 9.4% during the forecast period 2023-2028.
- Global medical vending machine market– The global medical vending machine market is expected to grow at a CAGR of 7.1% over the forecast period 2022-2028.
- North America Intelligent Vending Machine Market– The North American intelligent vending machine market is expected to reach USD 4.5 billion by the end of 2028 and is expected to grow at a CAGR of 12.8% from 2023 to 2030.
- Global disinfectant wipes market– The global disinfectant wipes market is expected to grow at a CAGR of 6.0% over the forecast period 2022-2028.
- Global cutlery market– The global cutlery market is expected to grow at a CAGR of 1.8% during the forecast period 2022-2028.
- Global straw market– The global straw market is expected to grow at a CAGR of 5.2% during the forecast period 2022-2028.
- global socks market– The global socks market is expected to reach a value of USD 78 billion by 2028, growing at a CAGR of 6.4% during the forecast period 2023-2030.
- Global scented garbage bag market– The global scented garbage bags market is anticipated to grow at a significant CAGR over the forecast period 2022-2028.
- Global pet care market– The global pet care market is expected to grow at a CAGR of 5.1% during the forecast period 2022-2028.
research method
RationalStat has developed cutting-edge research methodologies to crunch the numbers and provide our clients with the best real-time insights possible. We combine diverse industry experience, data analysis, and expert perspectives to create research methodologies for market sizing and forecasting.
RationalStat combines secondary sources and primary research to assess market size and create forecasts. The main steps required to accurately derive market numbers are:
- Define the problem by understanding the market and the type of data your client needs.
- Collection and collection of data through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Generate hypotheses and create market figures, forecasts, influencing factors, and their relationships.
- Evaluate and analyze data with reference to data sources used and leveraged.
- With the help of experienced analysts, we verify, interpret, and finalize the data by combining details gathered from primary and secondary sources.
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