The status quo and development trend of China's vending machine industry in 2019

With the take-off of China's economy, since the end of last century and the beginning of this century, after nearly 20 years of development, the domestic vending machine industry has developed well. According to incomplete statistics, my country's vending machines are mainly distributed in developed coastal areas such as Beijing, Shanghai, Guangzhou, Shenzhen, Dalian, Hangzhou, and Zhejiang. Due to the advantages of flexibility and low operating costs of vending machines, they are widely welcomed by consumers and businesses. The development potential of the vending machine industry is huge and the market space is broad. With the continuous improvement of vending machine models, sales categories have been greatly expanded. Early vending machines in the Chinese market only accepted coins or small denomination banknotes, and only sold low-temperature bottled or canned drinks. One device can sell beverages and food at the same time and can set up independent double rooms, hot and cold can still be converted into one-time coin can be sold continuously. Smart vending machines that support the Internet and mobile payments can not only sell beverages and food, but the exit of the commodity cabinet can also prevent any commodities of moderate size, including fast food, daily necessities, etc. In 2018, the size of China's vending machine market reached about 19 billion. From the perspective of market size, according to the statistics of the 'China's Vending Machine Industry Market Prospect Forecast and Investment Strategic Planning Analysis Report' released by the Qianzhan Industry Research Institute, from 2013 to 2017 , China's vending machine market is growing rapidly. In 2013, the scale of China's vending machine market was only 1.9 billion yuan. By 2016, the scale of China's vending machine market has grown rapidly to 7.5 billion yuan, a year-on-year increase of 74.42%. As of 2017, the scale of China's vending machine market exceeded 10 billion to 12 billion yuan, a year-on-year increase of 60%. In 2018, the scale of China's vending machine market reached about 19 billion yuan, a year-on-year increase of 58.5%. The area with the most vending machines: factory/office building Based on the research on the global retail market, when the per capita GDP reaches 10,000 US dollars, consumers' demand for vending machines will usher in an explosion. With the introduction of mobile technology, vending machines will become an emerging channel for FMCG retailing. On the whole, the volume of vending machines in my country has grown rapidly, but compared with my country's huge population base, the overall penetration rate of vending machines in my country is still very low. At present, it is mainly spreading to the first- and second-tier cities, and the third- and fourth-tier cities are still to be developed, and the market space is huge. Specifically, the cities with high vending machine penetration in my country are located in the Pearl River Delta, Yangtze River Delta and the Bohai Rim region. Major cities include Beijing, Shanghai, Guangzhou, Shenzhen, Hebei, Shandong, Shanxi, Liaoning, Jiangsu and Zhejiang. According to statistics, the total occupancy rate of these areas is close to 80%, while the total occupancy rate of other cities in the country is only 20.5%.
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