With economic recovery and an end to COVID-19 restrictions as well as an expanding real estate market, vending operators are expected to see greater interest over the forecast period. There is an opportunity to expand when it comes to generating demand for vending products, which could also eventually bolster non-food products sold via vending.
While the bulk of vending machines still require payment with cash, the increasing digitalisation of payments in recent years could encourage vending machines to more widely adopt such payment methods. Financial inclusion is a trend that is being seen in the retail industry, which vending operators can look into as more consumers use e-wallets like GCash or GrabPay.
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Understand the latest market trends and future growth opportunities for the Vending industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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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 DefinitionsThis report originates from Passport, our Vending research and analysis database.
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