Vending machines meet the era of electronic payment, the market has huge potential

Vending machines have been around for a long time, but it has been difficult to get out of the embarrassing situation of tepidity in China. For more than ten years, vending machines have been in a state of inadequacy in the market. In recent years, vending machines have ushered in development opportunities. According to authoritative data, the annual revenue of vending machines in China will reach 100 billion yuan in 2020. I believe that many people who have used vending machines have this experience. A bottle of drink priced at 3 yuan, if a consumer stuffs a 20 yuan bill, it means to find 17 1 yuan coins. How long will the coins in the machine run out? The extremely low use efficiency and high maintenance costs, coupled with the lack of domestic retail experience and the lack of channel expansion have become a stumbling block to the development of vending machines. In foreign countries, the vending machine is known as 'a robot that brings wealth 24 hours a day'. It does not require guards, sells things by itself, and collects money by itself. According to TechNavio data, the ratio of vending machines (VEM) to convenience stores in the United States is 30:1. The expected compound growth rate (CAGR) of vending machines in the United States from 2014 to 2018 is higher than 54.3%. The size of the vending machine market in the United States will be expected in 2021. Reached 13.34 billion U.S. dollars. In Japan, there are nearly 6 million vending machines, and on average every 20 people own one vending machine. In comparison, Japan and the United States have a market capacity of more than 5 million units at any time, while China's vending machines are still less than 200,000 units, which are still in the embryonic state and are bound to usher in a wave of development. Data shows that China's labor costs have risen five times in the past 10 years. In 2016, Chinese employee salaries increased by 8%, ranking first in the world, far higher than the world average of 2.5%. In addition, China's overall rent growth was 7%. Rising labor and rental costs in China have reduced the business profits of physical stores. This makes vending machines an important role in the new retail scene. On the one hand, vending machines save rent and labor costs; on the other hand, vending machines can quickly lay channels and take the lead in the development of the current retail industry. The more brands pay attention to. Online payment has also made vending machines more and more popular. The biggest reason why China did not popularize vending machines before is because of the many machine failures. Even in small settlements such as the purchase of beverages, banknotes are needed, and banknotes are often crumpled directly in the pockets of clothes. Therefore, it often happens that banknotes get stuck in vending machines, and consumers start to change. Have to be willing to buy beverages through a beverage company. At present, domestic vending machines basically realize the access to payment platforms such as WeChat and Alipay. Consumers can complete self-service transactions by doing a few simple operations on their mobile devices. The risk of failure caused by inferior banknotes is reduced, and the risk of cash being stolen due to the destruction of the vending machine is also reduced, which has played a very good role in promoting the popularization of vending machines. According to data from the China Chain Store and Franchise Association, the number of domestic convenience stores is approximately 90,000. As mentioned above, the number of domestic vending machines should be 2.7 million against the 30:1 ratio in the United States. At present, domestic vending machines are only less than 200,000, and the market for vending machines is huge. According to relevant data forecasts, based on the monthly revenue of each vending machine of 6,000 yuan, China's annual revenue of vending machines in 2020 can reach 100 billion yuan. Intelligence is the development trend of vending machines at the moment. Vending machines are no longer simply providing self-service retail services, but will provide high-end technology and service support in the field of smart vending. Through the leading management system of cloud services, easy management and operation of the mobile terminal can be realized, allowing the rapid penetration of smart retail terminals At the same time, a win-win situation between enterprises, franchisees and consumers will be realized. As mentioned above, the number of domestic vending machines is less than 200,000. Among them, the largest number is Youbao vending machines, with 60,000 units. As a self-service equipment supplier of Youbao, Guangdong has achieved fruitful results in its tireless pursuit in the field of commercial self-service. It has accumulatively obtained hundreds of national patents, two of which are international patents applied by the World Intellectual Property Organization (PCT) and many have been registered. Item software copyright. The company’s products have passed 3C, CE or UL certifications, and have been exported to more than 50 countries and regions around the world. With decades of industry development experience, and accumulated superb technical research and development capabilities, our company can serve all walks of life. Industry customers develop customized and mass-produce vending machines of various styles to help the development of China's self-service vending industry and support the development and growth of operator customers. Choose, let us be the cornerstone of your success. The above article is provided by the vending machine. 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