(+1) 9784800910, (+44) 020 3097 1639 [email protected]
Select Page

Written by Elma Steven | Updated on July, 2024

pzIOebTElBbVcd5FC9i8qjVhm H2ka4GK9451fhaivPN34g b45JuFnpG2muipooUljzMQhxEx7Qpdoz0T31Qfj UH7t9Et58jgkF WUiRu YDN fZayhs0ZaP8ietV2 HsB4n39qmdYnS52UtXQ TY

Find Out- Is Vending Machine Business Profitable?

The profitability of your Vending Machine business depends on 4 important factors: Industry Prospects, Investments, Revenue Sources, Cost and Profitability. We have taken a deep dive to find out potential profitability from the Vending Machine business. 

Vending Machine Industry Prospects

The global vending machine market size is estimated to have been worth $20.51 billion in 2023 (mordorintelligence). The market is projected to grow at a compound annual growth rate (CAGR) of 5.18% from 2024 to 2029, reaching an estimated value of $27.77 billion by 20295. Additionally, the market is expected to have reached $19.2 billion in 2023 and is forecast to grow to $34.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.70% during the forecast period (2023 – 2032) (marketresearchfuture). The global vending machine market is poised for continued expansion, with North America accounting for the largest market share. The US vending machine market size is estimated to have been valued at $6.24 billion in 2023 and is projected to reach $11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% from 2023 to 2032 (precedenceresearch). This growth is attributed to factors such as the increasing demand for self-service experiences and the rising adoption of cashless payments and health and safety concern


  • Vending Machines: Initial purchase of various types of vending machines (snack, drink, combo, specialty).
  • Vehicle: For transporting vending machines and restocking products.
  • Storage Facilities: For inventory storage, if not storing at home or in a rented office space.
  • Technology: Software for inventory management, sales tracking and remote machine monitoring.
  • Initial Inventory: Purchase of initial stock of products to fill the vending machines.

These investments constitute the primary fixed assets needed to establish your vending machine business.


  • Product Sales: Income from selling snacks, drinks, or specialized items directly through the machines.
  • Leasing or Renting Space: Charging other businesses for placing your machines on their premises.
  • Advertising: Selling advertising space on your vending machines to local businesses or brands.
  • Specialty Vending Services: Offering customized vending solutions, like office supplies or tech gadgets, targeting specific market needs.

Cost of Goods Sold

  • Inventory Costs: The purchase price of snacks, drinks and other items stocked in the machines.
  • Restocking Costs: Transportation and labor costs for restocking the vending machines.
  • Maintenance and Repair: Costs for parts and labor to keep machines operational, though this can sometimes blend into OpEx depending on the nature of the maintenance.

These costs are directly related to the sale of goods from your vending machines and will vary based on sales volume and product mix.

Operating Expenses

  • Machine Leasing: If you opt to lease rather than purchase machines.
  • Utilities: Electricity for machines located indoors or in controlled environments.
  • Insurance: Protecting against theft, vandalism, or damage.
  • Vehicle Expenses: Fuel, maintenance and insurance for vehicles used in restocking and maintenance operations.
  • Marketing: Online and print advertising.
  • Rent: Fees paid to location owners for hosting your machines.
  • Professional Services: Accounting, legal fees and business consultants.

These fixed costs are essential for the day-to-day operations of your vending machine business.

Related Articles

Laundromat Business Plan

Moving Company Business Plan

Smoke Shop Business Plan

Hotel Business Plan

Barber Shop Business Plan

Massage Therapy Business Plan

Ice Vending Business Plan

Dessert Bakery Business Plan

Non Emergency Medical Transport Business