Vending is expected to see slow, yet steady growth over the forecast period, with drinks and snacks leading the way. However, the channel will face increasing competition in the form of the growing availability of hot beverages in modern grocery outlets, such as convenience stores.
Technological innovation is a must for vending machines. Consumers are increasingly seeking modern vending machines which allow them to pay in a variety of ways, such as contactless payments using a card, smartphone app or smart watch.
The competitive environment is unlikely to change substantially over the forecast period, Very Goodies is anticipated to experience a higher rate of growth than Delikomat, due to the former’s focus on transport hubs, which will benefit from the recovery of travel and tourism. The company also has an e-commerce business-to-business presence In addition, the parent company of Very Goodies, Karlovarske Mineralny Vody, produces one of country’s best known mineral water brands, Mattoni.
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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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