Introduction

The North America Intelligent Vending Machines Market is witnessing exponential growth, driven by rising demand for contactless retail, AI-powered product recommendations, and seamless digital payment integration. From traditional snack dispensers to sophisticated multi-category machines, the region has rapidly embraced smart vending across airports, business centers, schools, and railways.

The study has considered the base year as 2024, which estimates the market segment, and the forecast period is 2025 to 2031. The report analyzes and forecasts the market segment in terms of value (USD Million) for the market.

By 2031, the market is expected to surpass USD 9.5 billion, growing at a robust CAGR of 15.09% (2025–2031). The United States leads this transformation, followed closely by Canada and Mexico, as public spaces, transit hubs, and education centers increasingly deploy intelligent vending machines to enhance convenience and operational efficiency. With AI, IoT, real-time inventory tracking, and interactive displays becoming the norm, this market has evolved from mere automation to true smart retail experiences.

Ulta Beauty Launches Smart Vending Pilot in 10 U.S. Stores – June 2025 Update

Summary (Bullet Points)

• Ulta Beauty has launched a pilot project featuring smart vending machines in 10 retail locations across the United States, in collaboration with SOS, a tech provider specializing in intelligent vending networks.

• The pilot is designed to enhance in-store product sampling and marks Ulta's first venture into digital in-store advertising, focusing on deeper consumer engagement and innovation.

• SOS vending machines offer on-demand, travel-sized beauty essentials, allowing brands to connect directly with shoppers through a frictionless sampling experience.

• The machines are fully integrated with Ulta’s Ultamate Rewards loyalty program, offering one free sample per week to registered members who verify via phone or email.

• Guest users can register on-site to gain immediate access, turning vending units into a tool for real-time customer acquisition and first-party data capture.

• The featured products span cosmetics, skincare, and haircare categories, showcasing items from well-known consumer brands in a self-service format.

• This initiative reflects a larger shift in beauty retail toward unattended, tech-driven, and personalized experiences, aligning with consumer expectations for convenience and immediacy.

• Impact on the Market:
  This pilot by Ulta Beauty is expected to accelerate adoption of smart vending machines in specialty retail, encouraging other brands to invest in automated, data-enabled, and customer-focused vending solutions across North America.

Summary of Vendekin Technologies – Smart Vending Machine Solution

Source Primary research and secondary research

Market Segmentation (By Type)

1. Beverage – The beverage segment is projected to grow from USD 1,597.09 million in 2025 to USD 3,668.85 million in 2031, registering a CAGR of 14.87%.

2. Commodity – Commodity-based vending machines are expected to reach USD 1,877.89 million by 2031, up from USD 849.96 million in 2025, growing at a CAGR of 14.12%.

3. Food – The food segment leads in growth rate with a CAGR of 16.39%, expanding from USD 1,279.10 million in 2025 to USD 3,179.15 million by 2031.

4. Others – Other product types are expected to grow steadily at a CAGR of 13.57%, reaching USD 787.98 million by 2031 from USD 367.19 million in 2025.

Market Segmentation (By Application)

1. Airport – Airport-based vending machines will grow from USD 1,291.57 million in 2025 to USD 3,057.75 million in 2031, with a CAGR of 15.45%.

2. Railway Station – Railway station applications are set to increase from USD 489.88 million in 2025 to USD 1,075.81 million in 2031, growing at 14.01% CAGR.

3. School – Schools show the highest CAGR of 16.27%, surging from USD 1,044.69 million in 2025 to USD 2,581.17 million by 2031.

4. Business Center – Business centers are forecasted to grow from USD 875.94 million in 2025 to USD 1,970.69 million by 2031, registering a CAGR of 14.47%.

5. Others – Other applications are expected to grow from USD 391.25 million in 2025 to USD 828.45 million in 2031, with a CAGR of 13.32%.

Market Segmentation (By Country)

1. United States – The U.S. is the largest market, projected to grow from USD 2,863.43 million in 2025 to USD 6,810.79 million by 2031, registering a CAGR of 15.54%.

2. Canada – Canada's market is expected to increase from USD 841.52 million in 2025 to USD 1,880.71 million by 2031, with a CAGR of 14.34%.

3. Mexico – Mexico is growing steadily, from USD 388.38 million in 2025 to USD 822.37 million by 2031, showing a CAGR of 13.32%.

SWOT Analysis – Application of Intelligent Vending Machines

Strengths:

• AI integration enables personalization and upselling

• Supports digital and contactless payments, improving user convenience

• Real-time inventory tracking improves operational efficiency

• High deployment in strategic locations like airports and schools boosts visibility

Weaknesses:

• High initial cost of installation and maintenance

• Requires consistent software/hardware updates

• Dependent on stable internet connectivity for remote monitoring

Opportunities:

• Expansion into remote or underserved locations

• Integration with loyalty apps and data analytics

• Rising demand from schools and educational institutions for healthy food vending

• Potential for hybrid models (e.g., vending + pickup lockers)

Threats:

• Hygiene concerns without proper sanitization protocols

• Data privacy and cybersecurity risks with AI-driven systems

• Competition from self-checkout kiosks and mobile retail formats

• Vulnerability to power outages or system malfunctions in high-traffic areas

Top 20 Key Players in the North America Intelligent Vending Machines Market

1. Azkoyen Group

2. Fuji Electric Co., Ltd.

3. SandenVendo America, Inc.

4. Crane Holdings, Co.

5. Seaga Manufacturing Inc.

6. Royal Vendors, Inc.

7. Bianchi Vending Group  

8. Evoca Group

9. Rhea Vendors Group

10. Westomatic Vending Services Ltd.

11. Glory Global Solutions

12. Continental Vending, Inc.

13. Jofemar USA, Inc.

14. Vendekin Technologies Inc.

15. Selecta Group

16. ICT Group

17. FAS International

18. Sielaff GmbH

19. Vending Design Works Ltd.

20. AMS (Automated Merchandising Systems Inc.)