Talking about what kind of industry the vending machine is

What kind of industry is the vending machine? In 1994, China launched its first vending machine, and the industry has been in a downturn ever since. Nowadays, the concept of unmanned retail is very popular, and vending machines have been silent for a long time and are beginning to usher in a good opportunity. Industry Overview Vending machines are the ancestor of the unmanned retail industry that emerged in the 1970s. It originated in Japan. The rising rent and labor force promoted the rapid development of the industry. At present, there are as many as 5 million vending machines in Japan, with an average of one for every 24 people. At present, China is at a similar stage to Japan at the time, but China, with a population of 1.4 billion, had only about 200,000 vending machines in use by the end of 2016. Compared with developed countries, the market space is huge. Perhaps in response to the 'new retail' call, this store has been particularly fierce in the past two years, because the data in 2014 was less than 100,000 units nationwide. The vending machine industry chain involves a wide range of areas, including: sheet metal, accessory manufacturers, manufacturers, operators, electronic payments, beverage manufacturers, software development, etc. After more than ten years of development, the industrial chain has become quite mature. There are many manufacturers of vending machines in China, with strong brand strength and industry influence. Currently, new companies are springing up like mushrooms. Under the impact of the new era, old manufacturers have also begun to attach importance to the research and development of new products. Business characteristics How do vending machines make money? Youbao’s prospectus clearly states that the company’s business model revolves around the operation and management of vending machines. The main income includes retail income, advertising income from external advertising, and income from display fees collected from some suppliers. Operating costs mainly include commodity procurement and distribution, point rent, machine depreciation, labor costs, etc. The retail revenue is easy to understand, that is, to earn the difference in the gross profit of the product. The display fee is the practice of traditional supermarkets, because vending machine space is limited, and the products of the supplier on the shelf have to charge an entry fee (change one if you don't give it, mainly for disadvantaged suppliers). Advertising revenue comes from the fuselage and APP, which is easy to understand, but there are also doorways. The actual sales of vending machines placed in public places such as subway stations, commercial centers, and scenic spots are limited. Because in these open spaces, consumers often pass by in a hurry. In addition, the current urban retail outlets are very dense, and the increase in sales volume will be limited. The vending machines in these places are largely to collect advertising costs. The retail revenue of vending machines mainly depends on relatively closed channels such as office buildings, factories, schools, and hospitals. This has some things in common with the unmanned shelf selection in a closed space, but the unmanned shelf needs to be more refined. Well, what kind of industry the vending machine is for you will be introduced here. Thank you for reading. If you need to know more about the characteristics of the unmanned vending machine in Guangdong, please continue to pay attention to the news of our company. Previous: The daily maintenance of vending machines requires long-term persistence Next: Analysis on the points of the vending machine business model