Cigarette Vending Machine Market – Introduction
- A cigarette vending machine is a machine that takes cash in payment for smoking products such as cigarettes and cigars. These machines are mostly installed at places which have a separate smoking area for people, such as nightclubs and hotels. Demand for these machines is high in the market due to their easy operation and simple payment method.
Key Drivers of the Cigarette Vending Machine Market
- The major advantage of buying cigarettes from a vending machine is that it provides continuous and uninterrupted access to the product, allowing customers to make purchases at a time that is convenient for them. Also, the machine has a large variety of cigarette brands. This factor increases the demand for cigarette vending machines in the market.
- Cigarette vending machines do not have much overhead cost because the need for employees who sell the products is eliminated. In addition, these machines save customers time and are easy to manage. Further, the availability of intelligent cigarette vending machines which consist of advanced technological features is expected to enhance the growth of the cigarette vending machine market in the near future.
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Factors Restraining the Cigarette Vending Machine Market
- Growing awareness about the harmful effects of smoking is a major factor restraining the growth of the cigarette vending machine market. Further, the cigarette vending machine market is likely to experience a setback in the coming years due to the various government regulations to control smoking.
North America to Hold Leading Share of the Global Cigarette Vending Machine Market
- In terms of region, the global cigarette vending machine market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the cigarette vending machine market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The cigarette vending machine market in South America is segmented into Brazil and Rest of South America.
- North America dominated the global cigarette vending machine market in 2020, due to technological advancements and innovations in the region. Growth in population has been driving the cigarette vending machine market in North America, particularly in the US and Canada.
- The cigarette vending machine market in North America is projected to expand at a rapid pace, followed by Asia Pacific and Europe during the forecast period.
Key Players Operating in the Cigarette Vending Machine Market
The global cigarette vending machine market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global cigarette vending machine market are:
- Fuji Electric Co., Ltd.
- Sielaff GmbH
- Azkoyen Group
- Jofemar Vending
- Slim Line
- HARTING Technology Group
- Advanced Cigarette Vending Machine
- GM Global Solutions
- E Team International (Adimac srl)
Global Cigarette Vending Machine Market: Research Scope
Global Cigarette Vending Machine Market, by Product Type
- Wall mounted
- Table top
Global Cigarette Vending Machine Market, by Operational Mode
- Manual mode
- Automatic mode
Global Cigarette Vending Machine Market, by End-user
- Railway stations
Global Cigarette Vending Machine Market, by Price
Global Cotton Terry Blanket Market, by Distribution Channel
- E-commerce Websites
- Company Owned Websites
- Specialty Stores
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