Fastcorp Vending - September 2023
Vending Market set to grow to $60bn
According to the minds over at Yahoo Finance1, the retail vending machine market is predicted to reach a value of $60 billion USD this year and a staggering $143 billion USD by 2033! Here at Fastcorp Vending we believe that’s a reason to celebrate!
Driven by significant advancements in vending technology, such as cashless payment capabilities and the use of AI for targeted marketing, as well as customers demanding automation and convenience 2, It’s no surprise to see such promising projections ahead for our industry!
Here are a few more statistics to help you gauge the market…
AI and facial recognition are opening up new markets for smart vending
While the Internet of Things has been growing exponentially, the ability of suppliers to meet demand has also grown at speed. Partnering with some of the best and most recognized technology brands in the industry, Fastcorp Vending is leading the way in bringing unattended and contactless retail to regulated markets.
Inventory Control with ambient vending options
The staff break room is no longer the only place you will find vending machines on the manufacturing floor. Inventory control is a critical factor in profitability and supply chain management. Ambient vending machines provide a convenient option for the availability and management of critical supplies.
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