The return to pre-COVID-19 conditions in terms of mobility, returning to work/school etc is set to give a boost to vending sales over the forecast period as foot traffic will increase in locations with a high prevalence of vending machines. However, inflationary pressures are likely to continue to exert an influence on consumer spending in 2023 and 2024, causing consumers to hold back on discretionary spending.
The full recovery and the development of vending over the forecast period is linked to innovation. Among the key factors in innovation is payment methods.
The broadening of the vending offer to include non-grocery products, such as beauty and personal care products, is likely to have a positive impact on sales in the channel, especially over the second half of the forecast period, once inflation is on the wane.
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Vending (automatic merchandising) is the sale of products at an unattended point of sale through a machine operated by introducing coins, bank notes, payment cards, tokens or other means of cashless payment. Sales figures cover vended products only (i.e. food, drink and other consumable goods such as vended tobacco, sanitary products and condoms). Services such as the public telephone, launderette facilities, travel tickets, stamps, passport photographs, domestic energy supplies and business card creation are excluded. Coverage includes vending systems installed in public and semi-captive environments only. Hotels, transport networks, recreational centres, shopping centres/malls are included. Factories, offices, hospitals, prisons, schools and other captive environments are excluded.See All of Our Definitions
This report originates from Passport, our Vending research and analysis database.
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