Soft Drink Dispensing Machines: Introduction
- A soft drink dispensing machine is an easily accessible option to offer or sell soft drinks via machines. The electronically run soft drink dispensing machines are swipe card or coin operated and provide soda and carbonated soft drinks.
- Advancement in the technology and elimination of middlemen led to the introduction of soft drink dispensing machines.
- The soft drink dispensing machines offer different types of cold beverages. The machine is capable of providing products at any time, taking up little space.
- The global soft drink dispensing machines market is expected to expand at a rapid pace during the forecast period owing to the increase in demand for soft drink dispensing machines in different end-user sectors such as quick service restaurants, railways, and airports.
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Global Soft Drink Dispensing Machines Market: Dynamics
Global Soft Drink Dispensing Machines Market: Key Drivers and Restraints
- The significant growth of the food and beverage industry is the major factor expected to propel the growth of the soft drinks dispensing machine market. The acceptance and prevalence of beverage vending machines is giving rise to innovation in the industry and growth of the global market.
- The increasing demand for ready-to-drink beverages among consumers is expected to augment the demand for soft drink dispensing machines in the forthcoming years.
- Increase in demand for soft drink dispensing machines from hotels and restaurants to attract consumers and to provide instant service to guests is expected to boost the growth of the soft drink dispensing market in the next few years.
- Moreover, soft drink dispensing machines provide cashless payment options such as smartphone payment systems. This is estimated to propel the market.
- Rise in consumption of beverages such as carbonated drinks is anticipated to boost the demand for soft drink dispensing machines around the world.
- The high initial installation cost of soft drink dispensing machines is anticipated to restraint the growth of the soft drink dispensing machines market during the forecast period.
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North America to Hold Major Share of the Global Soft Drink Dispensing Machines Market
- In terms of region, the global soft drink dispensing machines market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America held leading share of the global soft drink dispensing machines market in terms of volume and revenue in 2018 and is projected to continue its dominance throughout the forecast period. The U.S. is a key market for soft drink dispensing machines in North America due to the preference for instant beverage services among consumers.
- Europe held the second largest share in the global soft drink dispensing machines market. The soft drink dispensing machines market in Asia Pacific is anticipated to expand at a rapid pace over the forecast period. This can be attributed to increase in the number of end-users such as airports, railways, and schools across the region.
Global Soft Drink Dispensing Machines Market: Competition Landscape
Key Players Operating in the Global Soft Drink Dispensing Machines Market
Few local, regional, and international players operate in the soft drink dispensing machines market. Hence, the market is fairly consolidated and the bargaining power of suppliers is high. The degree of competition among market players is also high. Soft drink dispensing machine manufacturers adopt one vital strategies: new product development with advanced technology to cater to the needs of different end-users. For instance, in April 2019, PepsiCo, Inc. launched a SodaStream-style drinks dispenser for refillable bottles. Key players operating in the global soft drink dispensing machines market are:
- Crane Merchandising Systems Ltd.
- Yogvalley Vending Equipments Co.
- K. Enterprises
- CELLI SpA
- Hindustan Soda Dispenser
- Excel Vending Ltd.
- Royal Vendors, Inc.
- Himalay Soda Fountain
- PepsiCo, Inc.
- The Coca-Cola Company
Global Soft Drink Dispensing Machines Market: Research Scope
Global Soft Drink Dispensing Machines Market Segmentation, by Drink Type
Global Soft Drink Dispensing Machines Market Segmentation, by End-user
- Corporate offices
- Schools and colleges
- Metro stations
- Quick serving restaurants
Global Soft Drink Dispensing Machines Market Segmentation, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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