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Cigarette Vending Machine Market By Operational Mode, By Payment Mode, By Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

Cigarette Vending Machine Market By Operational Mode, By Payment Mode, By Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

  • May 2022
  • 230 pages
  • ID: 6311604
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Cigarette Vending Machine Market By Operational Mode (Manual, Automatic), By Payment Mode (Cash, Swiping Card), By Application (Pubs and Nightclubs, Hotels and Restaurants, Public Places, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

A cigarette vending machine is a computerized machine that distributes cigarette products or non-tobacco smoking products in exchange for money. The cigarette vending machines are commonly seen in retail stores, restaurants, clubs, bars, and gaming machine areas restricted to people aged 18 years and above.
The cigarette vending machine demand has risen in recent years and with the advent of cashless payment systems, smart technology solutions are gaining traction on a massive scale around the world. Furthermore, rising disposable income and urbanization have fueled the cigarette vending machine market’s expansion. The usage of cigarette vending machines in numerous areas such as schools and universities have been prohibited by governments in several regions, reducing demand for these devices. Furthermore, the high initial installation cost of cigarette vending machines limits the global cigarette vending machine market’s expansion. The rising popularity of cigarette vending machines in emerging and established nations as well as the convenience they provide to consumers are driving up demand for cigarette vending machines.
The global cigarette vending machine market is segmented on the basis of operational mode, payment mode, application, and region. By operational mode, the market is divided into manual and automatic. By payment mode, it is classified into cash and swiping card. By application, the market is divided into pubs & nightclubs, hotels & restaurants, public places, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, UK, Italy, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was quite negative for the growth of the global cigarette vending machine market. The trade restrictions and lockdown resulted into halting of production and manufacturing units. The recovery of the cigarette vending machine market is expected in near future.
In North America and Europe, the cigarette vending machine market has seen a higher penetration rate. However, this product has low availability in some major areas of Asia-Pacific and LAMEA, which can be attributed to poor macroeconomic variables such as low internet penetration and inadequate marketing techniques by market players. As a result, the cigarette vending machine market’s expansion is constrained by a lack of such technologies and products.

KEY BENEFITS FOR STAKEHOLDERS
?This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2020 to 2031 to assist to identify the prevailing market opportunities.
?Major countries in each region are mapped according to the individual market revenue.
?The region-wise and country-wise cigarette vending machine market conditions are comprehensively analyzed.
?This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
?An in-depth analysis of each segment of the cigarette vending machine market is provided to assist the prevailing market opportunities.

Key Market Segments

By Payment Mode
? Cash
? Swiping Card

By BY APPLICATION
? Pubs and Nightclubs
? Hotels and Restaurants
? Public Places
? Others

By Operational Mode
? Manual
? Automatic

By Region
? North America
? U.S.
? Canada
? Mexico
? Europe
? Germany
? Belgium
? U.K.
? Italy
? Spain
? Netherlands
? Rest of Europe
? Asia-Pacific
? China
? Japan
? India
? Australia
? South Korea
? Indonesia
? New Zealand
? Rest of Asia-Pacific
? LAMEA
? Brazil
? Argentina
? South Africa
? United Arab Emirates
? Rest of LAMEA
? Key Market Players
? Slim Line Designs
? Willbold GmbH
? Glory
? Vending Design Works Ltd.
? Peninsula Vending CC
? Hunan TCN Vending Machine Co. Ltd
? Bestzone Industry
? Jofemar
? GM Global Solutions
? HARTING Technology Group
? Jofemar

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