The global smart vending machine market reached $48.45 billion in 2024, with an expected compound annual growth rate (CAGR) of 8.34% from 2025 to 2035, continuing to unlock growth potential. The industry is undergoing a dual innovation of technology and business models, becoming a new trend in foreign trade.

Technological integration is reshaping the industry landscape. Devices are deeply integrating payment systems, the Internet of Things (IoT), and data analytics technologies, with a significant increase in the adoption rate of AI visual recognition. Cashless transactions now account for 98%, and remote operation has become the global industry standard. The range of products and scenarios is continuously expanding, with surging demand for healthy foods and customized products, and devices are widely penetrating scenarios such as transportation hubs and office parks.

Sustainable and energy-saving design is becoming a core competitive advantage, particularly aligning with the preferences of European and American markets. These trends are laying a solid foundation for deep innovations such as AI-driven recognition and automated shopping ecosystems, and also creating opportunities for Chinese enterprises with technological and supply chain advantages to go global.