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Report on the Current Situation of the vending machine Market from 2022 to 2026

Date:2024-01-15 16:01:29

According to the "2022-2026 Investigation and Development Prospects Analysis Report on the Current Situation of the Automated Vending Machine Market" released by Hangzhou Zhongjing Zhisheng Market Research Co., Ltd.: it is revealed that in the 17th century, automatic cigarette vending machines were introduced in small bars in the United Kingdom. In the course of vending machine history, Japan developed practical vending machines, which occurred in the early years of this century. The first vending machine in Japan was the "Stamp Postcard Automatic Vending Machine" introduced in 1904, combining the sale of stamps and postcards with mailbox services. The widespread popularity of vending machines occurred after World War II. In the 1950s, the "Spray-Type Juice Vending Machine" became popular, selling juice in paper cups. Subsequently, with the entry of large American beverage companies into the Japanese market, a revolution in the distribution sector centered around vending machines emerged in 1962. In 1967, all currencies below 100 yen were changed to coins, further promoting the development of the vending machine industry.

Regarding the distribution of vending machines in Chinese cities, the report indicates that new first-tier cities hold the highest market share at approximately 32.3%, followed by third-tier and below cities with a market share of around 23.5%. The total market share of first-tier cities, new first-tier cities, and second-tier cities is approximately 76.4%. The advantage of first-tier cities, new first-tier cities, and second-tier cities lies in the dominance of provincial capitals and municipalities with high urbanization rates, developed economies, and rapid per capita income growth. New first-tier cities are expected to experience the fastest growth in terms of vending machine numbers.

The vending machine market generally relies on five major scene types to reach a wide customer base. Traditional venue types, including campuses, factories, and office spaces, account for over half of the market's machine quantity. On the other hand, the continuous penetration of smart containers and related technological innovations are driving the rapid growth of vending machines in office spaces. The market share of vending machines in factory locations is the highest, at approximately 37.78%.

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