According to the Analysis Report on Market Prospect Forecast and Investment Strategy Planning of China Vending Machine Industry from 2018 to 2023, the stalled base of China's self-service vending machines was about 190,000 at the end of 2016, a 1400% increase compared with 2011. On the whole, the number of vending machines in China grows rapidly. The report predicts that the number of vending machines in use will increase an average of around 80,000 each year in the following years and eventually to 1,400,000 by 2020. It means that vending machine market plays an important role in current national economy.
It goes without saying that there are broad and bright development prospect for vending machine industry in China. It has been reported that Allibaba has invested heavily in vending machine industry and the company has purchased a large number of offline supermarkets. After Allibaba, SF Express has launched a project that a large quantity of unmanned convenience shelves will be operated across the country. The rise of unmanned markets will definitely benefit the vending machine industry, which will directly change the tendency of retail industry.
The huge potential Chinese market must bring unprecedented opportunity for international brands to explore Chinese Market. If you want to grasp your market share in China, there is a good chance for you. China VMF 2019, which is going to host 350+ exhibitors,is a effective and authoritative business trade platform for international outstanding enterprises to tap into China.
Early bird catches the worm! You will can't afford to miss China VMF 2019! So take action now!
China Int l Vending Machines and Self-service Facilities Fair 2019 (China VMF 2019)
Date: February 26th-28th, 2019
Venue: China Import & Export Fair Complex, Guangzhou
China VMF 2019 Organizing Committee
Contact person: Shirely Wu
Mobile/Whats app: +8615975829231