Why is it said that the vending machine industry has entered the 3.0 era

With the development of our country's economy, from the end of the last century to the beginning of this century, after nearly two decades 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. According to the statistics of China's vending machine market size in 2018, it reached about 19 billion. From the perspective of market size, according to the statistical data of 'China's vending machine industry market prospect forecast and investment strategic planning analysis report' released by Qianzhan Industry Research Institute, in 2013 -In 2017, the scale of 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%.

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The same determination is critical for business owners. The journey in vending machine business is both a challenging and rewarding experience.