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Why are vending machines not highly popular in China?

In Japan, there is an average of one vending machine for every 25 people, in the United States, one for every 40 people, and one for every 50 to 120 people in Europe. In some countries, the sales of vending machines account for more than 60% of the national retail industry, and it is increasing at an annual rate of 10%. The industry believes that an important reason for the popularity of vending machines in developed countries is the renewal of residents' consumption concepts. The number and popularity of vending machines in China are not high enough for the following reasons: 1. Low utilization rate: The main reason is probably that Chinese consumers have doubts about the reliability and ease of operation of vending machines. In addition, the products sold by vending machines are relatively single, and the prices are generally higher than similar products in supermarkets and convenience stores. 2. Uneven distribution: Since our vending machines have not yet been fully popularized, the equipment is more concentrated in large cities and business districts and other places with high traffic, resulting in limited service coverage and unable to fully develop consumers. usage habit. Although the development of self-service vending machines in my country is relatively late, the speed is fast, the development space is large, and the industry has a good momentum of development. In 2019, the number of people in my country reached 1.4 billion people. The volume reached 350,000 units. In terms of market size, in 2018, the sales scale of goods and services in the self-service vending machine industry continued to maintain rapid growth, with the market size reaching 19 billion. According to the growth rate of self-service vending machine equipment in 2019 and the growth rate of my country’s social consumer goods retail sales, it is preliminarily estimated that the market size of the self-service vending machine industry in 2019 will be 28.5 billion yuan. (Source of the above data: Qianzhan Industry Research Institute) We firmly believe that China's vending machine industry, after experiencing a slow period of market introduction and gradual development, will surely usher in a stage of accelerated development and explosive growth, and the industry's spring is coming. Cloud Selection is a big data-driven public space operation service platform for the entire value chain. Focusing on the three major business sectors of new infrastructure, new retail, and new communities, it provides one-stop services for site selection, construction, and operation, so that public spaces can better serve the public. Relying on the advantages of powerful platform resources, Yunxuan covers residential communities, commercial offices, industrial parks and stations, school scenic spots and other property public spaces, connecting 5G communication base stations, communication equipment rooms, charging piles for new energy vehicles and electric bicycles, charging and changing cabinets and New infrastructure such as charging and swapping stations; new retail such as vending machines, express cabinets, takeaway self-pickup cabinets, and three new communities such as smart garbage sorting, face recognition, access control barriers, cultural, sports, and health education, and are committed to becoming a leader in China Public space operation service platform.

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