China Retail Vending Machine Market Size & Outlook
China retail vending machine market, 2018-2030 (US$M)
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China retail vending machine market highlights
- The China retail vending machine market generated a revenue of USD 2,491.0 million in 2023 and is expected to reach USD 6,383.1 million by 2030.
- The China market is expected to grow at a CAGR of 14.4% from 2024 to 2030.
- In terms of segment, beverage vending machines was the largest revenue generating type in 2023.
- Beauty & Personal Care Vending Machines is the most lucrative type segment registering the fastest growth during the forecast period.
Retail vending machine market data book summary
| Market revenue in 2023 | USD 2,491.0 million |
| Market revenue in 2030 | USD 6,383.1 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Beverage vending machines |
| Fastest growing segment | Beauty & Personal Care Vending Machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Vending Machines, Beverage Vending Machines, Games/Amusement Vending Machines, Tobacco Vending Machine, Candy & Confectionery Vending Machines, Beauty & Personal Care Vending Machines, Ticket Vending Machine |
| Key market players worldwide | Cantaloupe Inc, Sanden Corp, Fuji Electric Co Ltd, Azkoyen, Westomatic, Royal Vendors, Glory Global Solutions, Seaga Manufacturing, Sellmat |
Other key industry trends
- In terms of revenue, China accounted for 4.1% of the global retail vending machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan retail vending machine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,840.0 million by 2030.
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Retail Vending Machine Market Scope
Retail Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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China retail vending machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail vending machine market will help companies and investors design strategic landscapes.
Beverage vending machines was the largest segment with a revenue share of 41.15% in 2023. Horizon Databook has segmented the China retail vending machine market based on food vending machines, beverage vending machines, games/amusement vending machines, tobacco vending machine, candy & confectionery vending machines, beauty & personal care vending machines, ticket vending machine covering the revenue growth of each sub-segment from 2018 to 2030.
China has a high penetration of vending machines and it is expected to grow over the forecast period. By the end of 2019, there were 490-515 thousand machines in operation in China. East China had the highest market penetration rate where 40-43% machines were located, followed by North China, which was home to 26-28% vending machines.
Shanghai Online New Economy Development Plan (2020- 2022) released in April 2022 encourages contact-free delivery and new retail, such as smart takeout/package pickup lockers and vending machines in business parks, residential areas, school campus, and others.
China’s unmanned retail transaction volume keeps going up. According to surveys by PROCOOL, a commercial refrigerator supplier, in 2021, 83.6% of people are willing to continue shopping in unmanned stores, while only 4.8% are unwilling.
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Horizon Databook provides a detailed overview of country-level data and insights on the China retail vending machine market , including forecasts for subscribers. This country databook contains high-level insights into China retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China retail vending machine market size, by type, 2018-2030 (US$M)
China Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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