According to the research of “Global Vending Machines Industry”, amid the COVID-19 crisis and the looming economic recession, the Vending Machines market worldwide will grow by a projected US$12.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 1.3%.
Beverage, one of the segments analyzed and sized in this study, is forecast to grow at over 1.7% and reach a market size of US$88.6 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Beverage market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
