Market Status & Development Trend of Chinese Vending Industry in 2019
The Broad Market of Vending Machine Industry
After nearly 20 years of development, the domestic vending machine industry has ushered in a sound future. According to incomplete statistics, China's vending machines are mainly distributed in coastal developed areas such as Beijing, Shanghai, Guangzhou, Shenzhen, Dalian, Hangzhou and Zhejiang. Due to the flexibility and low operating cost, it is popular with consumers and businesses, having great development potential and broad market space.
The Arrived 3.0 Era for Vending Machine Industry
With the improvement of the machine models, the sales category has expanded greatly. In the early days, the machines in China only accepted coins, or paper current with small denominations, and only sold cold bottled or canned drinks.
In the 2.0 era, the device can sell beverages and food at the same time, and simultaneously offer drinks in cold and room temperature by setting up two separate space. Besides, no matter how many things you buy, you can pay it at one time.
As for the 3.0 era, smart vending machines appeared. Except for selling beverage and food, it also supports internet payment and mobile payment. Also, the release of commodity display cabinet made it possible to accommodate any goods of moderate size, including fast food, daily necessities, etc.
In 2018, China's Market Scale of Vending Machine Reached About 19 Billion
According to the statistics released by FORWARD (an industry research institute in China), China's market scale of vending machine is growing rapidly from 2013 to 2017. In 2013, the market size was only 1.9 billion yuan; however, it surged to 7.5 billion yuan by 2016, with a year-on-year increase of 74.42%. As of 2017, the market scale exceeded 12 billion yuan, increasing 60% year-on-year. In 2018, the scale reached about 19 billion yuan, with a year-on-year growth of 58.5%.
Market Size of China's Vending Machine From 2011 to 2018
(Unit of Measurement: 100 million yuan)