Vending Market – 2019-2025
Vending remained an extremely small retail channel in the Philippines in 2018. Indeed, sales declined steadily over the review period. The channel is not anticipated to record any significant growth over the forecast period, thus remaining a niche.
The global vending machine market size was valued at USD 30.30 billion in 2018 and is expected to register a CAGR of 9.4% from 2019 to 2025. Growing demand for on-the-go snacks, drinks, etc. due to a hectic lifestyle is boosting product sales. The growth can also be attributed to the machine’s ability to deliver goods quickly making it an extremely convenient option for consumers.
Also, flexibility, in terms of location, i.e. indoor or outdoor coupled with the option to operate the machines 24/7 without any manual intervention makes them ideal for use in offices and commercial and public areas. Vending machines are highly effective as they help save labor costs, which is also driving their demand.
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Technological innovations, such as face and voice recognition, interactive display system, and big data integration, making the product easier and more convenient to use will also have a positive impact on the demand. With such advancements, vending machines can now deliver custom-made food items, salads, etc. apart from hot and cold beverages. For instance, in 2018, Pizza Deli 24/7 introduced a pizza vending machine that offers pizza in five flavors.
Moreover, these machines are considered as the most lucrative channel for sales at places like airports and train and bus stations due to increasing impulse purchases. However, strict regulations regarding the sales of unhealthy, junk food and tobacco products in public places and the majority of commercial spaces are expected to restrain the growth of this market. Fixed product prices may also act as a major challenge for the industry.
Vending in Philippines report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
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Product coverage: Hot Drinks Vending, Other Products Vending, Packaged Drinks Vending, Packaged Foods Vending, Personal Hygiene Vending, Tobacco Vending, Traditional Toys and Games Vending.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the Philippines market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the Philippines market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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Table of Content:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
About the Author :
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.