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China VMF 2017 Returning Next March

Author:admin Source:本站 Update:2016-11-30 11:34:48   Click:742
China Int’l Vending Machines & Self-service Facilities Fair 2017 (China VMF 2017) will descend on China Import & Export Fair Complex next March, expected to attract over 300 enterprises and tens of thousands of professional buyers. Guangdong Grandeur International Exhibition Group, organizer of China VMF, said that being regarded as 24/7 mini supermarkets, vending machines had been eventually applied to many fields in China Mainland. According to research institutions, by 2020 the number of vending machines in China will reach 1.38 million, growing by 8 times compared with 2015.

China Int’l Vending Machines & Self-service Facilities Fair 2017 (China VMF 2017) will descend on China Import & Export Fair Complex next March, expected to attract over 300 enterprises and tens of thousands of professional buyers. Guangdong Grandeur International Exhibition Group, organizer of China VMF, said that being regarded as 24/7 mini supermarkets, vending machines had been eventually applied to many fields in China Mainland. According to research institutions, by 2020 the number of vending machines in China will reach 1.38 million, growing by 8 times compared with 2015. 

Vending Industry Reaching a Turing Point

Kantar Retail has discovered that when a country’s GDP per capita reaches 10,000 USD, demand for vending machines will increase drastically. So far, 7 provinces and municipalities populated by 390 million people in China Mainland have measured up to this standard, yet vending machine distribution channel is still lagging behind the holistic retail environment, therefore there is a huge gap in the market. With such an economic growth rate, the turning point of vending industry will soon arrive and in order to seize more business opportunity, you need to enter the market in advance.    
 
As the market grows, trade and communication inside this field take place more and more often, which facilitates the growth of international large-scale trade shows. After 4 years of development, China VMF 2017 will break its records for exhibition area with a show floor of over 20,000㎡. With rapidly increasing sales and unlimited market potentials, vending machines are now drawing more and more attention from brand enterprises. It has been estimated that China VMF will be attended by more than 300 exhibitors and tens of thousands of professional visitors.        
 
Vending Industry Ushering in the Era of “Internet +” 
 
Based on the experience of vending industry in places like Taiwan, Japan, etc, during the start-up period, there should at least be 100,000 vending machines installed in China Mainland, generating revenue of 1,000 million RMB annually; during development period 500,000 vending machines with an annual revenue of 10,000 million RMB; and during mature period 3 million vending machines with 60,000 million RMB of annual revenue. By that time, the scale of China’s vending industry will be enormous. It has been pointed out in 2016 Chinese Vending Market Report of Asia-Pacific Vending Industry Association (APVA) that enterprises, buyers and operators should firmly grasp this opportunity and hew out a smooth path for the development of vending industry.
 
The 2nd APVA Summit Forum on November 24th has attracted industry experts like Mr. Yu Enze, President of APVA, Mr. Ding Shaohui, Deputy Secretary General of China Food and Packaging Machinery Industry Association, Mr. Zheng Chunri, Director General of Taiwan Vending Machine Council, Mrs Fuyumi Kitasato, President of TKB, Mr. Chen Zhigang, Director of Wechat Payment Industry of Tencent, etc to engage in deep discussion. Mr. Tang Yuanyi, General Manager of Yunmao Internet of Things, said that since last year, the new era of “Internet + vending machines” had begun. Amid the tide of internet, vending machines with advertising screens, interactive screens, mobile payment terminals, etc, start to show up. These changes have helped solve a lot of problems, such as the cost of operation and distribution channel development .  
 
 
Latest Products and Technologies Displayed All Together
 
So far, there are at least 18 million vending machines in operation all around the world and the total annual sales of vending industry, including manufacturing and operation, have exceeded 250,000 million USD. Vending machine industry has become one of the fastest growing sectors in the field of retail. As the world’s biggest vending market, Japan has 4.23 million vending machines providing over 6,000 varieties of goods, including drinks, cigarettes, magazines, drugs, and even some big-sized goods like jeans, etc. Last year, the sales of beverages alone amounted to 159,300 million RMB.
 
 
With the development of technology, great changes are taking place in vending industry, which is why China VMF is expanding its exhibition scope, adding exhibits from all over the world like internet-integrated vending machines, self-service coffee machines for offices or commercial venues, series products of self-service supermarkets, payment systems, etc. Other new technology and new products,  including all sorts of vending machines, accessories of vending machines, self-service coffee devices and raw materials, fast moving consumer goods, digital touch screens, etc, will demonstrate the latest technological results of vending industry worldwide.  

 

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