The implementation of Vision 2030 projects is set to enhance public spaces, including business centres and train stations. As a result, operators are likely to increase the number of vending machines, improving market penetration and resulting in smaller players focusing on semi-captive environments to remain competitive.
Vending machines are anticipated to expand their product range as they grow to become an appealing option for emerging local food and beverage retailers aiming to enhance their market presence. Diversification in offerings will also aim to benefit from the momentum in health and wellness, effectively creating scope for food vending.
The number of shopping malls being built in the country will continue to grow over the forecast period with this in turn creating new opportunities for more vending machines. As the number of shopping malls in the country increases, coupled with investments in festivals and entertainment seasons, it is expected that the number of vending machines will grow and there will be good opportunities for higher sales.
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Understand the latest market trends and future growth opportunities for the Vending industry in Saudi Arabia 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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