The trend of eating from a vending machine is not a new one in the North America. This trend is set to take the United States and Canada hot food vending machine industry to a staggering USD 4,808.5 million in 2024.
Recent advancements in food dispensing systems have changed the way people see food vending machines. The emergence of hot food vending machine chains in the United States and Canada has aided the industry’s potential to progress a CAGR of 6.60% through 2034. By the end of the forecast period, this valuation is slated to surpass USD 9,107.1 million.
| Attributes | Details |
|---|---|
| Industry Value for 2024 | USD 4,808.5 million |
| Projected Valuation for 2034 | USD 9,107.1 million |
| CAGR for 2024 to 2034 | 6.60% |
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In North American, hot food vending machines are manufactured using steel, aluminum, and other long-lasting materials. Among these, steel machines hold a substantial 64.60% share of the industry in 2024.
| Attributes | Details |
|---|---|
| Material Type | Steel |
| Industry Share (2024) | 64.60% |
Medium-sized vending machines, with a capacity of 100-150 units, are in excellent demand in the United States and Canada region. They hold an industry share of 47.90%, as of 2024.
| Attributes | Details |
|---|---|
| Capacity | 100-150 Units |
| Industry Share (2024) | 47.90% |
The popularity of hot food vending machines in North America has reached an all-time high. This section discusses the growth rates and notable trends in the industry for the United States and Canada.
| Countries | CAGR (2024 to 2034) |
|---|---|
| Canada | 8.80% |
| United States | 6.60% |
The industry in the United States is slated to progress at a CAGR of 6.60% from 2024 to 2034.
The population in the United States has always sought convenient, quick, affordable, and hygienic food outlets. This has pushed small eateries and convenience stores to adopt hot food vending machines in the country. Besides this, the growing millennial population in the country has also positively affected the industry.
The industry in Canada is also set to blow up at a CAGR of 8.60% through 2034.
Over the years, the population in Canada has experienced a significant shift in the fast-food service industry. The influence of Korean dramas and anime has made individuals in this country more reliant on hot food vending machines for their sudden cravings. This has significantly amplified the demand for these machines in the country.
Companies in the industry, especially those based in The United States and Canada, are constantly coming up with new strategies and product offerings to attract more vendors to accept their machines. They are also integrating new technologies and mechanisms to make the task of curating a wholesome meal from the vending machine easier. Besides this, sustainable disposal of cutlery and waste is the prime focus of many companies manufacturing hot food vending machines.
Recent Developments
The industry in the United States and Canada is expected to be worth USD 4,808.5 million in 2024.
The industry in the United States and Canada is expected to reach USD 9,107.1 million by 2034.
The industry in the United States and Canada is developing at a CAGR of 6.60% from 2024 to 2034.
Ausbox Group, ALe Bread Xpress INC, Basil Street Café, FastCorp Vending LLC, INTEGRA D.O.O., Let’s Pizza, QMBOX, are some of the top industry players.
The valuation for the industry in the United States and Canada in 2019 was USD 3,563 million.
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Industry Analysis of Hot Food Vending Machine in the United States and Canada
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