By 2023, the US market for beauty and personal care (BPC) retail vending machines is expected to grow to a size of more than US$ 91.6 million. It would grow quickly between 2023 and 2033, with a CAGR of 10.5%.
The USA BPC retail vending machine market will grow at a significant rate in the estimation period. Various factors contribute to growth in the US market. It has a major revenue share in the world beauty personal care retail vending market.
Growing implementation of intelligent vending machines will drive BPC retail sales for the USA. The popularity for pre-packaged and easily accessible packs of beauty & personal care products would also help in demand.
Awareness of regular hygiene in the USA is also one thing that is boosting beauty personal care vending machine demand. Innovations in machine designs would complement the demand for ready-to use products.
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Changing consumption patterns is another crucial factor for the USA market. Changes in designs and processes of vending machines would also elevate sales.
Reduced long-term maintenance costs have resulted in high demand for beauty and personal care retail vending machines. Key companies are investing millions of dollars each year in their stores and platforms.
They want to ensure that they deliver high-quality products in a timely manner. Backed by these factors, the USA market would surpass US$ 248.4 million by 2033.
Key Takeaways from the USA BPC Retail Vending Machine Market Study
- In 2022, Nebraska held a significant revenue share of 6% in the USA BPC retail vending machine market.
- The BPC retail vending machine market in New Hampshire would expand at a CAGR of 6% throughout the forecast period.
- On the basis of temperature control, refrigerated BPC retail vending machines would surge at a robust CAGR of 14% by 2033.
- By product type, free standing BPC retail vending machines generated a share of 1% in 2022.
- In terms of payment method, the cashless segment currently holds a share of 7%.
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“To keep up with high demand, BPC retail vending machine manufacturers are developing new products in a variety of categories. Introduction of energy-efficient vending machines would propel the market.” – says an analyst.
Competitive Landscape: USA BPC Retail Vending Machine Market
Manufacturers are concentrating on boosting their research & development expenditure. They are opting for product innovations.
They are manufacturing small, streamlined, and fashionable BPC retail vending machines. Producers are also planning to launch new machines that would fit well in both huge rooms and exterior environments.
Key players present in the USA BPC retail vending machine market are:
- S. Hughes Company Co., Inc.
- Royal Vendors, Inc.
- Digital Media Vending International, LLC
- Seaga Manufacturing Inc.
- Gilly Vending Inc.
- Vendlife
- Azkoyen Group
- Crane Merchandising Systems
- Fuji Electric Co., Ltd.
- Guangzhou Reyeah Technology Co., Ltd.
Get More Valuable Insights into USA BPC Retail Vending Machine Market
Future Market Insights, in its new offering, provides an unbiased analysis of the USA BPC retail vending machine market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the USA BPC retail vending machine market by product type (wall mounted, free standing, wheels or appliance casters), temperature control (ambient, combo, refrigerated), selection method (keypad, touch screen, mobile app-based), payment method (cash, cashless) and installation site (airports, subway stations, commercial & institutional spaces, hotels & resorts, stadiums, residential community).
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