Global vending market to double by 2032 according to report

A recent report by Future Market Insights suggests that the global retail vending machine market could double in size by 2032, to $130 billion. The report suggests that annualized growth in this period will be around 9%.

Much of the growth is expected to come from the increased popularity of vending machines in fitness clubs and gyms - used to sell items including energy drinks, soft drinks and protein bars. The report also suggests that increased demand for coffee and energy drinks will boost use of vending machines across various sectors.

Further details are available on the report summary.