The vending machine market is far from saturated

As a new form of commercial retail, self-service vending machines developed from Japan, Europe and the United States in the 1970s. The first batch of unmanned 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. China's vending machines are relatively late, and the market is far from saturated. According to a survey conducted by the Japan Vending Machine Industry Association in 2016, there are approximately 5.8 million self-service vending machines and 6.91 million in the United States so far. Although the number of self-service 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 of people, and there are only more than 200,000 self-service 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%. As people become more familiar with the use of vending machines, as well as the diversification of the types of goods sold and the convenience of payment methods, the self-service vending machine industry has huge room for future growth. According to the 'Market Prospect Analysis Report of the Self-service Vending Machine Industry' released by the Qianzhan Industry Research Institute, the number of self-service vending machines in China in 2015 was about 505,000 units, the output of the self-service vending machine industry was about 464,600 units, and the sales scale was about 128,200 units. The market size of the industry is approximately 2.295 billion yuan, an increase of 17.57% from the 1.952 billion yuan in 2014. The pressure of rent and cost just provides an opportunity for self-service vending machines to break out. An analyst from China's Vending Machine Industry Research Institute pointed out that when the per capita GDP exceeds 10,000 US dollars, the demand for vending machines will increase sharply. 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 exceed the 10,000 U.S. dollar indicator. With the increase in GDP and the increase in consumer disposable income, the demand for vending machines has also expanded. The popularization of self-service vending machines facilitates people's lives and solves many problems, especially saving high labor costs and resource costs. Coupled with the current popularity of new retail concepts, unmanned retail will be the future retail trend. In the past few years, everyone has focused on online business. Originally, they continued to exert their efforts online, but recently their interest in offline has increased greatly. Alibaba has madly bought shares and acquired offline supermarkets; JD.com wants to open one million convenience stores across the country. This wave may directly change the trend of the retail industry. Smart vending machines that advocate unmanned and self-service operation will also get more applications offline. There are more markets waiting to be developed in the future, and there is no doubt about the development prospects. The 'Self-service Vending Machine Industry Market Prospect Analysis Report' issued by the Foresight Industry Research Institute elaborated on the overall development of the vending machine project market from various perspectives such as market overview, industrialization progress, regional development, policy analysis, and key enterprises. On this basis, the investment potential of the unmanned vending machine project is analyzed. The above information is provided by the vending machine. Please mark the reprint. Previous post: The freshest vending machine in history. Eggs are now on sale