2017 China Vending Machine Industry Report

2017 China vending machine industry report. Vending machine-the earliest unmanned retail format vending machine is a machine that can automatically pay for goods according to the input coins. Vending machines are commonly used equipment for commercial automation. They are not restricted by time and location, and can save manpower and facilitate transactions. It is a brand-new form of commercial retail, known as a 24-hour micro supermarket, so it is also known as a supermarket that never leaves work. Vending machines are roughly divided into three types: beverage vending machines, beverage and food integrated vending machines, Custom vending machine. As a brand-new form of commercial retail, vending machines developed from Japan, Europe and the United States in the 1970s. The first batch of vending machines were put into use in the United States, Japan and other places, and then gradually spread to all parts of the world. Since then, the functions and product types of vending machines have continued to improve, and comprehensive vending machines have emerged, including self-service vending services such as cigarettes, potato chips, change change, newspapers, and napkins. The most important items sold by vending machines are all kinds of beverages. According to the statistics of the Japan Industrial Association, 70% of canned drinks in Japan are sold through vending machines. The world-renowned beverage company Coca-Cola also has 500,000 beverages worldwide. vending machine. So far, the vending machine has expanded from the earliest offline cash payment to online payment, making it more convenient to purchase. Compared with the United States and Japan, China's vending machine market still has a lot of room. The scale of China's vending machine is still small, with an average annual growth rate of over 25% in recent years. According to a survey conducted by the Japan Vending Machine Industry Association in 2016, there are about 5.8 million self-service vending machines and 6.91 million in the United States so far. Although the number of vending machines in Japan is not the first in the world, from the perspective of its land area and population, Japan has the highest density of vending machines in the world, so it is a well-deserved originator of self-service vending machines. In contrast, China has a large area and a large population. There are only more than 200,000 automatic vending machines in public areas, which is a small amount. However, the pace of development has accelerated significantly in recent years, with an average annual growth rate of more than 25%. With people becoming more familiar with the use of smart vending machines, as well as the diversification of the types of goods sold and the convenience of payment methods, there is huge room for growth in the smart vending machine industry. Related report: '2017-2023 China's vending machine industry market demand forecast and investment strategic planning analysis report' released by Zhiyan Consulting. According to the historical experience of developed countries, when the per capita GDP exceeds 10,000 US dollars, the demand for vending machines will get Surge. According to statistics, Japan experienced rapid economic development from the 1970s to the 1980s, and its per capita GDP rose year by year. In 1981, the per capita GDP exceeded US$10,000. In the same year, the scale of vending machines in Japan reached 2.3 million units. By 1985, its scale had increased to 2.75 million units, and its per capita GDP had also increased to US$11,599. It can be seen that with the increase in GDP and the increase in the disposable income of consumers, the demand for vending machines has also expanded. China's per capita GDP is close to 10,000 U.S. dollars, paving the way for vending machine demand. According to reports, in 2016, the per capita GDP of 9 provinces and cities in China exceeded 10,000 U.S. dollars, and the national per capita GDP was 8,069 U.S. dollars. It is expected that by 2020, China’s per capita GDP will fully exceed the 10,000 U.S. dollar indicator. In 2016, the per capita GDP exceeded 10,000 U.S. dollars. The two major factors of the vending machine industry in each province (unit: U.S. dollars): rent and wages. Take Japan as an example. The rise of self-service retail in Japan coincided with land rent in the 1970s and 1980s. Rental and labor costs have increased rapidly. The skyrocketing land price drives up rents. Since the 1960s in Japan, the rent for domestic shops has increased sharply from 263 yen per square meter to 1,635 yen per square meter in 1988. Compared with shops such as Family Mart and other supermarkets, self-service vending machines occupies a small area, and vending machines have obvious advantages in rental cost, creating conditions for the development of the vending machine market. In the 20th century, Japan's national land rent (unit: yen per square meter per day) population aging caused a significant increase in labor costs. Between 1970 and 2010, the proportion of the elderly population rose from 6% to 22.9%, much higher than the proportion of the elderly population in China and the United States. The decrease in the young population has made labor costs soar, and the use of vending machines has alleviated this defect to a certain extent. According to data, the average annual salary of Japanese workers in the late 1980s reached 4.19 million yen, which was equivalent to the average annual salary of Japanese working-class workers in 2011, indicating that labor costs in the last century should not be underestimated. The current stage of my country's vending machine industry is very similar to that of Japan at that time. It is also facing the pressure of a sharp increase in rent and labor costs. In addition, the increase in per capita income requires increased convenience. The small area of u200bu200bthe vending business provides a good opportunity for explosion. Compared with traditional stores, the rent of vending machines has obvious advantages. The rent for shops in first-tier cities is around 1,000 RMB/sqm/month. According to the display, the annual rent for a vending machine in a Beijing subway station is divided into two levels of 16,000 and 26,000 (1300-2100 RMB/sqm) /Month); the overall average rent in second-tier cities is maintained at around 500 yuan/m²/month, and the cost of a vending machine in second-tier cities for one year, that is, the rent ranges from 1,000 to 2,000 yuan. According to the knowledge introduced above, I believe there will be a lot of gains. In the later stage, I hope you can continue to pay attention to our official website to learn more about the price of unmanned vending machines in Dongguan and the knowledge of vending machines in Guangdong. We look forward to your visit to the official website to learn more. Previous: Solutions for small and medium-sized vending machine operators Next: Daily operation tips for unmanned vending machines in Guangdong