Vending in China is projected to maintain steady, moderate current value growth over the forecast period. Continued urbanisation and busy lifestyles will sustain demand for convenient purchasing options.
Smart vending machines are poised to gain even stronger traction in China in the coming years, driven by advances in technology and shifting consumer behaviours. Similar to Cofe+, speciality vending machines offering fresh coffee, smoothies, and even hot meals are projected to expand significantly, especially in high-demand locations such as office buildings, schools, and public transportation hubs.
Despite the expectation of growth in the forecast period, moving forward the current value growth rates for vending are projected to be lower than those seen pre-pandemic, as the channel is likely to see increasing competition from convenience stores. The penetration of convenience stores is expected to continue to rise in China, which will make it more likely that there is one nearby, while convenience stores also offer a wider range of products and services than vending, such as fresh food.
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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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