The global cigarette vending machine market size was valued at $1.3 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
A cigarette vending machine is a type of vending machine that dispenses smoking products, like cigarettes, and cigars. This machine often dispenses cigarette packs containing 16 to 18 cigarettes. This machine is installed in places like pubs, nightclubs, hotels, railway stations, and others. As compared to the conventional cigarette vending machines, intelligent cigarette vending machines are gaining popularity. People prefer buying cigarettes through the cigarette vending machines because of ease of payment and also ease of use. The market is anticipated to grow at fast rate during the cigarette vending machine market forecast period.
The major factor driving the global cigarette vending machine market growth is the large number of people who are addicted to smoking. A huge investment in pubs and nightclubs also fuels the cigarette vending machine market demand, globally. Ease of access is another such factor. The advent of intelligent cigarette vending machines and its many features that benefit the retailers to understand customer behavior propels the growth of the market.
In many places, cigarette vending machines face obligations and restrictions due to the stringent government policies regarding smoking tobacco. In addition, cigarette vending machines are usually installed in places having a separate smoking area for people to smoke. Instant lifestyle and technological advancements will continue to propel the market growth for the market.
According to the market analysis, the global market is segmented based on operational mode, payment mode, application, and region. On the basis of operational mode, the market is classified into manual and automatic. On the basis of payment mode, the market is segmented into cash and swiping card. On the basis of application, it is categorized into pubs & nightclubs, hotels & restaurants, public places, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The automatic segment is the fastest growing segment in the global market, owing to adoption of innovative and latest technologies. The market is more concentrated in North America and grows rapidly in Europe. Developing regions of Asia-Pacific and LAMEA are anticipated to provide great opportunities to the market during the forecast period.
The swiping card segment is the fastest growing segment in the market. This is attributed to the ease of payment and growing demand for digital cash. Moreover, this type of cigarette vending machine is easy to operate.
By Application
Pubs and Nightclubs holds the largest market share
The pubs & nightclubs is the most lucrative segment in the global market, owing to the growing number of pubs. In addition, the rising trend of nightlife is also driving the growth of the segment.
Region wise, North America dominated the market with largest cigarette vending machine market share during the forecast period. The factors such as rising disposable income, growing population, rise in recreational activities, and growing trend of parties in mid-weeks are propelling the growth of market in North America region.
Intelligent cigarette vending machines have advanced technology such as digital advertising & content management system, operations management, transaction management, software & platform management, inventory management, and customer analytics. These innovative advancements are replacing the conventional vending machines with these intelligent vending machines. Retailers are benefiting a lot from these intelligent vending machines as it helps in data collection, data transfer, and data analysis, which further help retailers to improve the quality of their products. This shows a positive outlook of the cigarette vending machines in the future.
The major players analyzed for the cigarette vending machine industry are CoreVend, Future Techniks India Private Limited, GM Global Solutions, HARTING Technology Group, Jofemar, Mega Vending, Peninsula Vending CC, Rvend Pty. Ltd, Slim Line Designs, and Vending Design Works Ltd.
The key market players are adopting various strategies such as partnership, collaboration, mergers, and acquisitions for increasing their share in global market. Furthermore, many retailers and manufacturers have started to tie up with each other for retrofitted vending machines. The tie-up between the two will proliferate the demand for the global cigarette vending machine.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market analysis from 2021 to 2031 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cigarette vending machine market trends, key players, market segments, application areas, and market growth strategies.
Cigarette Vending Machine Market Report Highlights
| Aspects | Details |
 By Payment Mode |
|
 By APPLICATION |
|
 By Operational Mode |
|
 By Region |
|
 Key Market Players | Bestzone Industry, Peninsula Vending CC, Jofemar, GM Global Solutions, Slim Line Designs, Jofemar, Vending Design Works Ltd., Willbold GmbH, Glory, Hunan TCN Vending Machine Co. Ltd, HARTING Technology Group |
Analyst Review
According to the insights of CXOs of leading companies, the innovation in vending machine is a crucial aspect in the global cigarette vending machine market’s expansion. The increased demand for vending machines from potential consumers encourages manufacturers to develop new vending machines, which is expected to drive the cigarette vending machine market’s growth.
The CXOs further added that the increased development of various sorts of cigarette vending machines capable of giving rapid service to customers is a market growth opportunity. In addition, as the rate of internet access increases in important regions of the globe, market players will be able to launch a number of major online marketing activities. These internet platforms are one of the simplest ways to raise awareness about the characteristics and features of the cigarette vending machines among potential buyers. As a result, engaging into such areas is projected to open up prospects for the global cigarette vending machine market to witness growth.
North America dominated the market with more than half the market share in 2021, and is anticipated to continue its dominance during the forecast period. Furthermore, LAMEA and Asia-Pacific are projected to witness growth at the highest CAGRs, owing to rise in number of smokers.
The global cigarette vending machine market size was valued at $1,344.8 million in 2021, and is projected to reach $2,202.1 million by 2031, registering a CAGR of 4.7% from 2022 to 2031.
The forecast period in the cigarette vending machine market report is 2022 to 2031.
The market value of the cigarette vending machine market in 2021 was $2,202.1 million.
The automatic segment is the most influential segment in the cigarette vending machine market report.
The base year calculated in the cigarette vending machine market report is 2021.
North America holds the maximum market share of the cigarette vending machine market.
The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
The top companies analyzed for global cigarette vending machine market report are CoreVend, Future Techniks India Private Limited, GM Global Solutions, HARTING Technology Group, Jofemar, Mega Vending, Peninsula Vending CC, Rvend Pty. Ltd, Slim Line Designs, and Vending Design Works Ltd.
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