Four business models of vending machines!

Vending machines first appeared in the United States in the 1960s. As a new way of retailing goods, due to its wide range of sales, it soon developed into the mainstream way of retailing in some developed countries. In Japan, 70% of canned drinks are sold through vending machines, and each person spends more than US$400 on vending machines every year for shopping. Coca-Cola has thousands of vending machines all over the world.　　In 1993, China began to import vending machines from Japan, South Korea and other countries and put them on the Chinese market. In 1995, the first domestic vending machine was born. In 1999, it was mass-produced and put on the market in batches. In the next ten years, limited by the cost of equipment, people's consumption concepts, and the business environment, the development of my country's auto sales industry has been slow. According to a survey conducted by the Japan Vending Machine Industry Association in 2016, as of June 2018, China had only 55,000 vending machines, while Japan and the United States had 5.8 million and 6.91 million, far exceeding China.　　 In 2017, as the'new retail' trend swept across the country, vending machines'revolved in time', ushered in a bright moment. In just two years, from no one to the top of the market, the vending machine has become a popular'sweet rice cake' that many players are vying for. Corporate players have surged from less than 50 a few years ago to more than 260, and the number of vending machines placed in public areas has increased by an average annual rate of 25%.　　According to the historical experience of developed countries, when the per capita GDP exceeds 10,000 US dollars, the demand for vending machines will surge. In 2016, the per capita GDP of 9 provinces and cities in China exceeded this standard. As the disposable income of consumers increases, the demand for vending machines also expands. Experts predict that the explosive growth of China's vending industry may have reached an inflection point. In the next few years, the Chinese market will add 5.1 million vending machines every year. At the mature stage, the domestic market will reach 3 million vending machines. Market prospects It cannot be said that it is not broad.　　The three major factors for the outbreak of the vending machine industry: 　　wage, rent, technology　　It is not difficult to find that in recent years, labor costs have become higher and higher. In the ten years since 2005, China’s labor costs have risen five times, 15 times more than in 1995. As an indispensable part of the traditional retail process, manpower is an indispensable part of the traditional retail process. The increase in employee wages has caused the cost of each link in the retail chain to increase, and the profit margin is compressed.　　 At the same time, since 2005, house prices across the country have risen sharply, and land rents have risen accordingly. Take Shanghai as an example. Commercial rents in the Shanghai area have increased by at least 8 times in ten years, and store holding costs have soared. Physical retail companies are struggling with e-commerce, labor costs, and rental costs, and their lives are getting harder and harder.　　 Vending machines have the advantages of not being restricted by time and location, occupying a small area, saving manpower, etc., avoiding the pain points faced by today's physical retail stores, and thus become a retail model that many dealers are optimistic about.　　 In addition, as a high-tech and intelligent product integrating sound, light, and mechatronics, the development of vending machines is inseparable from the update and iteration of technology. The popularization of mobile payment technology has greatly improved the settlement efficiency of vending machines and the shopping experience of consumers. The in-depth application of AI technology, big data, cloud computing, biometrics and other technologies has made the stability and operational efficiency of vending machines unprecedentedly improved, making it possible to find people with unlimited goods.　　 This article is organized by the vending machine, this article does not represent the point of view of this site Previous post: Introduction to the difference between the vending machine market in Japan and China