The global vending machine market stood at $21.3 billion in 2020, and analysts expect the vending machine industry to have a compound annual growth rate (CAGR) of 5.5% through 2027.

These global vending machine market figures show that now is the best time to start, form an LLC, or expand your vending business. This article covers all the valuable vending machine statistics you need to make informed executive decisions for your vending business.

Is the Vending Machines Industry Growing?

Yes, the vending machine industry is a growing one. Grand View Research ambitiously projects that the vending machine industry will have a compound annual growth rate of 10.7% through 2030. Moreover, technological advances increase the range of products offered through vending machines, thereby fueling further growth.

How Often Do People Use Vending Machines?

In the United States, 100 million people use vending machines every day. Considering there are 7 million vending machines in the country, the average vending machine gets about 14 patrons daily.

Naturally, vending machines in high-trafficked areas get patronized more. People use vending machines selling snacks and beverages the most. Snacks and beverages account for 72.4 percent of the market.