South Africa Retail Vending Machine Market Size & Outlook
South Africa retail vending machine market, 2018-2030 (US$M)
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South Africa retail vending machine market highlights
- The South Africa retail vending machine market generated a revenue of USD 520.3 million in 2023 and is expected to reach USD 1,007.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.9% 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 520.3 million |
| Market revenue in 2030 | USD 1,007.0 million |
| Growth rate | 9.9% (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, South Africa accounted for 0.8% 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 Middle East & Africa, UAE retail vending machine market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,007.0 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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South Africa 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 44.15% in 2023. Horizon Databook has segmented the South Africa 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.
The vending machine market in South Africa is expected to develop significantly in the next few years, owing to changing consumer lifestyles and increased snack and beverage consumption. Tourism plays a vital role in the South African economy, and the entry of foreign tourists also leads to the growth of vending machine market in the country.
In addition, expanding urbanization, a rising working population, as well as an increase in the number of supermarkets, hypermarkets, and sophisticated retail outlets, are set to boost the demand for vending machines in South Africa in the coming years.
Many manufacturers are focusing on launching new vending machines to attract more customers across the country. For instance, in April 2021, The MENstruation Foundation, a non-profit organization dedicated to alleviating "period poverty," launched Africa's first sanitary pad vending machine. The pads are locally produced and are biodegradable.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa retail vending machine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa retail vending machine market size, by type, 2018-2030 (US$M)
South Africa Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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