- A very Promising Prospect
According to a research done by Kantar Retail, when GDP per capita reaches 10,000 USD, the demand for vending machines will soon explode. Data suggests that by 2015, regions with populations of at least 390 million in China can measure up to this standard. However, so far sales through vending machines only account for a very small percentage in China’s retail market, which means that there is still an enormous gap in the market that is needed to be filled. Therefore, it is believed that China’s vending machine market is about to witness an exponential growth in the next five years, and vending machines will become one major distribution channel for fast moving consumer goods.
- Exponential Growth in Quantity and Sales
−In America, the ratio of vending machines to convenience stores is 30:1. It has been estimated that by 2020, there will be up to 46,000 convenience stores in China. If by that time China’s vending machine market can be at the same development level of that in America, there will be 138 million vending machines in China. Besides, by 2015 there were 150,000 vending machines, 15 times more than 2011. If the market keeps growing at this rate, 138 million vending machines are easily achievable.
−In the last 5 years, sales made through vending machines have been increasing by over 100% annually thanks to the ever-developing economy and improving living standards. It can be expected that by 2020, the monthly sales of a vending machine in China can reach 6,000 RMB and the annual sales of all the vending machines will be up to 100 billion RMB.
- Future Development Trends
Not only the growth rate of China’s vending machine market is predicted, its development trends have also been pointed out by Kantar Retail, and they are as follows:
−Variety and healthy lifestyle will be the main focus.
−China will be at the frontier of smart vending machines and mobile payment.
−Vending machines for exclusive brands will be ubiquitous.
−Vending machines will be used for new product and brand promotion.
−Vending machines will be seen everywhere.
- Pearl River Delta, an Ideal Place for You to Have a Vending Machine Career
If you are looking for tips on where to start your vending machine career in China, I will recommend you the Pearl River Delta in Guangdong Province. It is one of the most mature vending machine markets of China and it is installed with about 26.8% of China’s vending machines. What’s more, the GDP per capita of this region, which was 67896.82 RMB by 2015, has been leading China for many years and it is unlikely that other regions can dislodge Pearl River Delta any time soon.
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With such an advantageous location, no wonder China VMF (China Int’l Vending Machines & Self-service Facility Fair) can grow into a vending machine fair that has influence over the Asian-Pacific Region. Every year held in Guangzhou City, Guangdong Province, China VMF attracts the attendance of world-leading vending machine enterprises such as Fuji Electric, T.K.B, Kubota Vending Machine, Nayax, Ubox, Easy Touch, etc. If you also want to beat other rivals to tapping into China’s vending machine market, then you better register as our exhibitor or visitor now!
China Int’l Vending Machines & Self-service Facilities Fair 2017 (China VMF2017)
Date: March 1st-3rd, 2017
Venue: China Import and Export Fair Complex
Contact Person: Ms. Eve Cheng
Mobile: +86 13560305370
Tel: +86 20-29188156
Fax: +86 20-82579220
E-mail: grand.ev@grahw.com; chinavmf@yeah.net
Website: www.chinavmf.com/en
Twitter: @ChinaVMF
