New York, NY, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Cigarette Vending Machine Market Share, Size, Trends, Industry Analysis Report, By Operational Mode (Manual and Automatic), By Payment Mode (Cash and Swiping Card), By Application, By Region; Segment others Forecast, 2022 - 2030” in its research database.
“According to the latest research study, the global cigarette vending machine market size & share are expected to generate revenue of USD 1,852.33 Million by 2030 and are estimated to be valued at USD 1,174.77 Million in 2021, at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030”
What is Cigarette Vending Machine? How Big is Cigarette Vending Machine Market Size & Share?
- Overview
A cigarette machine is a vending machine that sells packs of cigarettes or cigars in response to payment. It’s a self-service device offered for public use which, upon insertion of payment, whether in coin or paper bill, dispenses cigarettes or tobacco products. Many recently developed cigarette machines require customers to scan ID cards to stop people under the legal smoking age from purchasing cigarettes. Cigarette vending machines are commonly found in restaurants, clubs, bars, retail stores, railway stations, and amusement arcades restricted to people below 18.
These machines are movable and can provide continuous service even after relocation. These machines are gaining popularity over traditional cigarette vending machines. The growing disposable income and urbanization are driving the cigarette vending machine market size. The rising popularity of cigarette vending machines in both emerging and developed nations fuels market adoption.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Offerings of This Report
- Market size and share assessment for regional and country-level segments.
- Business opportunities, drivers, and success factors.
- Current trends and the future potential of the market.
- Market segment analysis by types, applications, and regions.
- The competitive status of key players within the project timeline.
- Value chain analysis with price analysis and market forecast.
- Region-specific growth and development in the market.
Some of the Top Market Players Are:
- Willbold GmbH
- Glory
- Vending Design
- Peninsula Vending
- Hunan TCN Vending Machine
- Bestzone Industry
- Royal Vendors
- G.M. Global Solutions
- Jofemar
- HARTING Technology
- Jofemar
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Market dynamics
Key Growth Driving Factors
- The rising demand for cigarette vending machines pushing the market growth
Due to easy operation and simple payment methods, the demand for cigarette vending machines is increasing. These machines provide continuous and uninterrupted access to tobacco products which is fueling the cigarette vending machine market sales. The machine offers a variety of cigarette brands which accelerates the demand for cigarette vending machines in the market. Rising number of people addicted to smoking is one of the major factors propelling the cigarette vending machine industry's growth. The changing consumer lifestyles and technological advancements are expected to augment the market growth over the forecast period. Increasing deployment of cigarette vending machines in hotels, cafes, and airfields
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Recent Trends Influencing the Market
Rapid technological development and the launch of novel cigarette vending machines to flourish the market growth
- Significant investments in bars and nightclubs are boosting the demand for cigarette vending machines. The rising development of cigarette vending machines with advanced features that aid retailers in better understanding consumer behavior has been accelerating the cigarette vending machine market growth.
- Furthermore, cigarette vending machines are convenient for consumers as it provides cashless payment options, such as smartphone payment systems, which are majorly flourishing the industry growth. In addition, the rising technological developments and untapped potential in emerging markets are expected to create lucrative opportunities in the cigarette vending machine market.
Key Segmental Analysis
- The swiping card segment is estimated to register the fastest growth
Based on payment mode, the swiping card is expected to show the fastest growth during the study period due to the trend of paying through digital cash. Swiping cards are simple to use while accessing the cigarette vending machines as it saves customers time. One can make a quick purchase because these machines only require a card swipe or a wave of your phone.
- Pubs and Nightclubs held the highest cigarette vending machine market share in 2021
By application, the pubs and nightclubs division witnessed the major revenue share in 2021 this is because cigarettes are easily available on the premises. Further, the hotels and restaurants segment is anticipated to generate the highest CAGR over the foreseen period due to a surge in demand for luxury dining and tourism. We get many cigarette options when connecting clients in pubs or restaurants.
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Cigarette Vending Machine Market: Report Scope & Trends
| Report Attribute | Details |
| Revenue forecast in 2030 | USD 1,852.33 Million |
| Market size value in 2022 | USD 1,232.92 Million |
| Expected CAGR Growth | 5.2% from 2022 – 2030 |
| Base Year | 2022 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Slim Line Designs, Willbold GmbH, Glory, Vending Design Works Ltd., Peninsula Vending CC, Hunan TCN Vending Machine Co. Ltd, Bestzone Industry, Jofemar, Royal Vendors, G.M. Global Solutions, HARTING Technology Group |
| Segments Covered | By Operational Mode, By Payment Mode, By Application, and By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- The demand in North America is predicted to grow at a significant rate
On the basis of geography, the cigarette vending machine market in North America is anticipated to witness significant growth throughout the forecast period. This can be attributed to the increasing disposable income, a rise in the number of recreational activities, a rising population, and an increasing trend of midweek parties. Smart vending machines are gaining high adoption over traditional vending machines because they are equipped with advanced technology, such as a digital advertising and content management system, a transaction management system, software and platform management, an operations management system, inventory management, and customer analytics.
Moreover, the growing demand for self-service technologies at retail outlets to incorporate high-tech advancements and innovations and automate sales development in a variety of application areas such as retail stores, shopping malls, supermarkets, and ongoing projects is projected to accelerate the market growth in North America.
Browse the Detail Report “Cigarette Vending Machine Market Share, Size, Trends, Industry Analysis Report, By Operational Mode (Manual and Automatic), By Payment Mode (Cash and Swiping Card), By Application, By Region; Segment others Forecast, 2022 - 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/cigarette-vending-machine-market
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Recent Developments
- In March 2020, Wurlitzer makes tobacco vending machines with the highly effective Ageviewers age validation system. There are over 10,000 outdated tobacco vending machines in the Netherlands. Every year, hundreds of thousands of packs of cigarettes are sold from these machines to people aged 18 or above.
Frequently Asked Questions
- Who are the crucial companies operating the market?
- What are the major industry norms influencing the development of the industry?
- Which is the most propelling country in the industry?
- Which application or product type will obtain progressive development possibilities during the forecast period?
- What is the expected growth rate of the market during the foreseen period?
- What are the key strategies adopted by companies in the impact market?
- What are the main findings of Porter’s five forces analysis and the SWOT analysis of the major companies in the market?
Polaris Market Research has segmented the cigarette vending machine market report based on operational mode, payment mode, application, and region:
By Operational Mode Outlook
- Manual
- Automatic
By Payment Mode Outlook
- Cash
- Swiping Card
By Application Outlook
- Pubs and Nightclubs
- Hotels and Restaurants
- Public Places
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, U.A.E., Israel, South Africa)
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