The cause of the outbreak of the vending machine industry

The vending machine first appeared in America in the 1960 s, as a kind of new way of retail, since it has a very wide range of sales, quickly in some developed countries become the mainstream of retail way. In Japan, 70% of canned drinks is through the vending machine sales, each person also spend more than $400 a year in the vending machine is used for shopping. Coca-Cola around the world hundreds of thousands of the vending machine. 1993, China began to vending machines imported from Japan, South Korea and other countries, and put it into the Chinese market. 1995, the domestic first the vending machine was born. 1999, mass production and mass market. In the next 10 years, the cost of equipment, people's consumption idea, business environment constraints, such as slow development of the vending machine sales in China. According to Japan the vending machine industry association in a survey conducted in 2016, that year until June of 2018, only 55000 the vending machine in China, Japan and the United States, 5. 8 million and 6. 91 million, far more than China. In 2017, as the 'new retail' trend sweeping the country, the vending machine 'fortunes, for the perfect moment. Just two years time, from empty to the forefront, the vending machine become numerous players compete to fans' properties'. Enterprise players from a few years ago, less than 50 surged to more than 260, the public areas on the number of the vending machine average annual growth of 25%. According to the historical experience of developed countries, when GDP per capita is expected to top $10000, the vending machine will get a surge in demand, in 2016 GDP per capita of nine provinces and cities in China have been more than the standard. With the increase of consumer disposable income, demand for vending machine has been expanding. Experts predict that China's explosive growth inflection point or vending industry has come, in the next few years, the Chinese market will increase each year 5. 1 million the vending machine, the mature period, the vending machine can reach 3 million units in the domestic market, the market outlook is not promising. The outbreak of the three main factors: the vending machine industry wages, rent, technology is not hard to find, in recent years, the human cost is higher and higher. Since 2005, during the ten years of China's rising labor costs, five times up 15 times than in 1995. Human as an integral part of the process of traditional retail, employee wages rise in retail chain of each link cost, profit space is compressed. At the same time, since 2005, the national house prices straight up and rent rent. In Shanghai, for example, in the Shanghai area of commercial rent ten years increased at least eight times, store holding costs soared. Entity retail enterprises in e-commerce, three surface between the human cost, rent cost, life is becoming more and more difficult. In addition, the vending machine as a set of sound, light, mechanical and electrical integration of high-tech intelligent products, its development depends on technology update iteration. The popularity of mobile payment technology, greatly improve the efficiency of settlement of the vending machine and consumer shopping experience. AI technology, big data and cloud computing, in-depth application of the biological recognition technology, the stability of the vending machine and operating efficiency is an unprecedented increase, 'infinite goods have become possible.