Global Cigarette Vending Machine Market size was worth around USD 1.3 Billion in 2022 and is grow to around USD 1.9 Billion by 2030 with a growth rate (CAGR) of roughly 4.5% between 2023 and 2030. Cigarette Vending Machine Industry Share by Payment Mode, Operational Mode, Application and Region.
Cigarette Vending Machine Market
The global cigarette vending machine market size was worth around USD 1.3 Billion in 2022 and is predicted to grow to around USD 1.9 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2023 and 2030. The report analyzes the global cigarette vending machine market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cigarette vending machine industry.
A computerized, programmable device known as a "cigarette vending machine" distributes cigarettes or non-tobacco goods in exchange for coins. Cigarette vending machines are typically situated in restaurants, stores, club/casino bars, or locations with gaming machines that are solely accessible to people over the age of 18. While some vending machines only accept cash as payment, contemporary vending machines accept credit cards as well as cash for electronic commerce. Customers are kept happy by cigarette vending machines since they have a free choice of purchase at any time of day.
Cigarette vending machines are widely used in bars, clubs, hotels, and subway stations. One important reason fueling the market's growth is the rising number of individuals who are addicted to smoking. Demand for cigarette vending machines is being fueled by significant investments in bars and nightclubs as well as accessibility. The market's expansion has been spurred by the introduction of cigarette vending machines and their wealth of features that help retailers better analyze consumer behavior.
The benefits of the cigarette vending machine drive the market growth
One of the main advantages of purchasing cigarettes from a vending machine is that it gives customers constant, unhindered access to the product, enabling them to buy at a time that is convenient for them. The machine also offers a wide range of cigarette brands. Additionally, because there is no longer a need for workers to offer the products, these machines have low overhead costs. These machines also save customers time and are simple to operate. Thus, during the forecast period, the global cigarette vending machine market expansion is anticipated to be driven by the advantages of cigarette vending machines.
Prohibited sales of tobacco products hinder the market growth
The sale of tobacco products from vending machines is strictly prohibited in many nations, including Thailand, India, and others. The market expansion of cigarette vending machines is expected to be constrained by strict regulations prohibiting the sale of unhealthy, junk food, and tobacco products in public places, institutions, and the great majority of commercial locations. Many public venues and workplaces, including schools, hospitals, public transportation, and government buildings, have a strict no-smoking policy. Airports, hotels with 30 or more rooms, and restaurants with 30 or more seats are the only places where smoking is permitted by law. Outdoor spaces like stadiums, train stations, and others are no-smoking zones. Thus, during the forecast period, this is anticipated to impede the cigarette vending machine market growth.
Technological advancement provides a lucrative opportunity
The Internet of Things is being used by manufacturers to design and distribute vending machines. To improve machine monitoring, it is now possible to collect real-time data and construct an end-to-end IoT solution. As a result, it is now easier to collect information on consumer experience and expectations and to give customers a better buying experience. As a result of continual innovation and technology advancements, the sector today provides more modern mobile solutions to shift customer behavior. The cigarette vending machine industry demand has been significantly impacted by advancements like speech recognition, interactive displays, and big data integration that have made vending machines more useful and user-friendly for consumers.
The adverse effects of smoking a cigarette pose a major challenge
The adverse effects of smoking cigarettes are expected to pose a major challenge to the cigarette vending machine market growth over the forecast period. As smoking cigarette is a leading cause of lung cancer across the globe. For instance, according to the Centers for Disease Control and Prevention, the leading cause of lung cancer risk is cigarette smoking. About 80% to 90% of lung cancer deaths in the US are attributed to smoking cigarettes. Thus, these facts hinder market expansion.
The global cigarette vending machine industry is segmented based on payment mode, operational mode, application, and region.
Based on the payment mode, the global market is bifurcated into cash and swiping cards. The swiping card segment is expected to grow at the fastest rate during the forecast period owing to the growing trend of paying through digital cash. For instance, as per secondary analysis, by April 2020, there were on average 137 digital payments per machine, compared to an average of 135 cash transactions, and an average digital sales volume of US$235 as opposed to US$160 for cash in the same month.
Customers can access cigarette vending machines quickly and easily by simply swiping their cards. These machines simply demand a card swipe or a wave of your phone, making purchases quick and easy. Furthermore, because the customer is often there when the payment is made, it provides better security and carries less risk. Additionally, swiping cards eliminates the need for manual entry, which lowers the likelihood that inaccurate information will be submitted. Besides, the cash segment is expected to capture a significant portion of the market over the forecast period due to ease of operation and maintenance.
Based on the operational mode, the global cigarette vending machine industry is bifurcated into manual and automatic. The automatic segment is growing at the highest CAGR during the forecast period. The growth in the segment is owing to the adoption of innovative and latest technology.
Based on the application, the global market is segmented into pubs and nightclubs, hotels and restaurants, public places, and others. The pubs and nightclubs segment is expected to hold the largest market share during the forecast period. This can be related to the fact that they let people buy cigarettes inside the store. On the other hand, the hotels and restaurants segment is expected to grow at the highest CAGR over the forecast period owing to the demand for luxury dining and tourism.
|Report Attributes||Report Details|
|Report Name||Cigarette Vending Machine Market Research Report|
|Market Size in 2022||USD 1.3 Billion|
|Market Forecast in 2030||USD 1.9 Billion|
|Growth Rate||CAGR of 4.5%|
|Number of Pages||195|
|Key Companies Covered||Harting System, Hangzhou Joegoo Technology Co., Ltd., Peatix Inc., Digital Media Vending International, LLC, Fuji Electric Co., Ltd., Sielaff GmbH, Azkoyen Group, GM Global Solutions, Jofemar Vending, Slim Line, E Team International (Adimac SRL), and Advanced Cigarette Vending Machine among others.|
|Segments Covered||By Payment Mode, By Operational Mode, By Application, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global cigarette vending machine market during the forecast period. The growth in the region is attributed to the presence of a large number of cigarette smokers. According to the Centers for Disease Control and Prevention, a projected 12.5% (30.8 million) of American adults were current smokers in 2020. Moreover, the rising population, the rise in recreational activities, the rising disposable income, and the developing trend of midweek parties. Because they come with cutting-edge technology like a transaction management system, software and platform management, an operations management system, inventory management, and customer analytics, smart vending machines are outpacing traditional vending machines in terms of adoption. Furthermore, the market growth in North America is anticipated to accelerate due to the rising demand for self-service technologies at retail outlets to incorporate high-tech innovations and advancements and automate sales development in a variety of application areas such as retail stores, shopping malls, supermarkets, and ongoing projects.
The global cigarette vending machine market is dominated by players like:
By Payment Mode
By Operational Mode
A cigarette vending machine is designed to accept cash in exchange for smoking items such as cigars and cigarettes. These machines are typically found in establishments that provide a separate smoking area for patrons, such as hotels, bars, and nightclubs. Because of their ease of use and simple payment procedure, these devices are in great demand in emerging economies.
The huge amount of people who are hooked to smoking is a significant element driving the growth of the global cigarette vending machine market. A significant investment in nightclubs and pubs stimulates global demand for cigarette vending machines. Another such aspect is easy accessibility. In addition, cigarette vending machines are typically located in locations with distinct smoking areas for individuals to smoke. The introduction of sophisticated cigarette vending machines and their numerous features that assist merchants in understanding client behavior accelerates the market's growth.
According to the report, the global cigarette vending machine market size was worth around USD 1.3 billion in 2022 and is predicted to grow to around USD 1.9 billion by 2030.
The global cigarette vending machine market is expected to grow at a CAGR of 4.5% during the forecast period.
The global cigarette vending machine market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of a large number of cigarette smokers.
The global cigarette vending machine market is dominated by players like Harting System, Hangzhou Joegoo Technology Co., Ltd., Peatix Inc., Digital Media Vending International, LLC, Fuji Electric Co., Ltd., Sielaff GmbH, Azkoyen Group, GM Global Solutions, Jofemar Vending, Slim Line, E Team International (Adimac SRL), and Advanced Cigarette Vending Machine among others.