Refrigerated Vending Machines Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Refrigerated Vending Machines Market is segmented by geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are in terms of value (USD million) for all the above segments.

Refrigerated Vending Machines Market Size

Refrigerated Vending Machines Market Summary

Refrigerated Vending Machines Market Analysis

The Refrigerated Vending Machines Market is expected to register a CAGR of 7% during the forecast period.

  • Improving consumer lifestyles and flourishing food and healthcare industries are significant factors escalating market growth. Also, the rising use of advanced technologies, such as contactless payments, is driving the development of the refrigerated vending machine market.
  • Companies are focusing on achieving long-term growth through effective integration and continuous improvement & innovation in introducing new commercial refrigeration vending machine models. The increase in urbanization and development in hypermarkets and supermarkets is creating new growth opportunities for the refrigerated vending machines market.
  • However, factors such as high installation and operating costs and several regulations about selling unhealthy junk food and beverage products in public and commercial places may negatively impact the studied market growth.
  • Refrigerated vending machine products with diverse characteristics are being introduced by specialty retailers, attracting customers and moving the market forward. For Instance, Azkoyen collaborated with Trugge Getränketechnik offering vending solutions for fitness centers, to sell Novara Proteins. The vending machine prepares cold protein shakes for athletes in sports centers in just 30 seconds. This product combines the attractive design characteristic of Azkoyen's Novara line with exclusive technology for producing protein shakes served at 3°C.
  • Due to various restrictive regulations, the COVID-19 pandemic negatively impacted the refrigerated vending machines market, and the closure of public places and offices reduced their demand. However, the pandemic raised awareness among consumers regarding hygiene importance which is expected to support the studied market growth during the forecast period. Post-COVID-19, the implementation of contactless payment refrigerated vending machines is positively driving the market's growth.

Refrigerated Vending Machines Industry Overview

The Refrigerated Vending Machine Market is moderately competitive and is expected to grow in competition over the next five years owing to increasing demand for refrigerated vending machines, which is expected to attract new players. Some major players are Rheavendors Group, Azkoyen Group, Westomatic Vending Services Ltd., Fuji Electric Company Ltd., and Seaga Manufacturing, Inc.

May 2022 - 365 Retail Markets acquired Sentry. The strategic acquisition is to design and enhance the capability of vending and micro-market businesses.

April 2022 - Lush introduced a 24-hour vending machine where customers can buy its products anytime or at night. The vending machine is in London's Coal Drop's Yard from King's Cross Station, one of the city's busiest rail stations.

Refrigerated Vending Machines Market Leaders

  1. Rheavendors Group

  2. Azkoyen Group

  3. Westomatic Vending Services Ltd.

  4. Fuji Electric Company Ltd.

  5. Seaga Manufacturing, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Refrigerated Vending Machines Market News

  • August 2022 - Silkron introduced a smart vending machine that supplies the freshest floral products to customers in Malaysia that accepts cashless payments.
  • June 2022 - Vendekin is a start-up company that helps distribute beverages and other products through cashless payment. Vendekin Technologies partnered with Cantaloupe Inc. As part of the partnership, Cantaloupe integrated Vendekin's Retrobox, a patented hardware-enabled SaaS product, to make touchless vending machines. Consumers can scan the machine's unique QR code, select items from a menu of all the offerings in the machine, and pay for their selection from their smartphone or via Cantaloupe's ePort card reader.

Refrigerated Vending Machines Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for the Adoption of Contactless Refrigerated Vending Machines
    • 5.1.2 Increasing Demand for Packaged Food Products
  • 5.2 Market Restraints
    • 5.2.1 High Installation and Maintenance Cost
  • 5.3 Smart Vending Machines
    • 5.3.1 Technology & New Product Development

6. MARKET SEGMENTATION

  • 6.1 By Geography
    • 6.1.1 North America
    • 6.1.2 Europe
    • 6.1.3 Asia Pacific
    • 6.1.4 Latin America
    • 6.1.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Rheavendors Group
    • 7.1.2 Azkoyen Group
    • 7.1.3 Bianchi Vending Group
    • 7.1.4 FAS International
    • 7.1.5 Rockwell Industries Limited
    • 7.1.6 Westomatic Vending Services Ltd.
    • 7.1.7 Fuji Electric Company Ltd.
    • 7.1.8 Seaga Manufacturing, Inc.
    • 7.1.9 Royal Vendors, Inc.
    • 7.1.10 Vending.com
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Refrigerated Vending Machines Industry Segmentation

Refrigeration is removing excess heat from a source or material and transferring it to the surrounding environment to keep the temperature lower than its surroundings.

The Refrigerated Vending Machines Market is segmented by geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

The market sizes and forecasts are in terms of value (USD million) for all the above segments.

By Geography North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Refrigerated Vending Machines Market Research FAQs

What is the current Refrigerated Vending Machines Market size?

The Refrigerated Vending Machines Market is projected to register a CAGR of 7% during the forecast period (2025-2030)

Who are the key players in Refrigerated Vending Machines Market?

Rheavendors Group, Azkoyen Group, Westomatic Vending Services Ltd., Fuji Electric Company Ltd. and Seaga Manufacturing, Inc. are the major companies operating in the Refrigerated Vending Machines Market.

Which is the fastest growing region in Refrigerated Vending Machines Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Refrigerated Vending Machines Market?

In 2025, the North America accounts for the largest market share in Refrigerated Vending Machines Market.

What years does this Refrigerated Vending Machines Market cover?

The report covers the Refrigerated Vending Machines Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Refrigerated Vending Machines Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Refrigerated Vending Machines Industry Report

Statistics for the 2025 Refrigerated Vending Machines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Refrigerated Vending Machines analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Refrigerated Vending Machines Report Snapshots

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Refrigerated Vending Machines Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)