PROSPECTS AND OPPORTUNITIES
Pessimistic outlook for vending due to high prices and competition
Value sales of vending (at constant 2024 prices) are predicted to gradually decline in Australia over the forecast period. The unit price of products sold through vending is typically higher than in other channels such as supermarkets and is lacking in terms of price promotional strategies regularly employed by convenience retailers.
Further innovation in vending can help to offset declining consumer spending
New developments in vending can potentially reignite consumer interest and encourage greater spending through this channel. Some recent innovations include Cake Mail’s vending machines which dispense mini cakes in various flavours.
Shift towards better-for-you snacks could help vending remain competitive
Local consumers are increasingly demanding healthier food and drinks in an attempt to improve the quality of their health and wellbeing, which is impacting spending patterns on snacks and beverages. As most vending machines are filled with soft drinks and snacks perceived as unhealthy, a shift in positioning can potentially help to encourage consumers to buy from this channel.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Vending industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Vending in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Vending in Australia?
- Which are the leading retailers in Vending in Australia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Vending in Australia - Category analysis
KEY DATA FINDINGS
Steady growth for vending driven by consumers seeking convenience
New Coke&Go innovation aims to enhance the vending experience
Competitive landscape remains relatively static amid vending’s recovery
Pessimistic outlook for vending due to high prices and competition
Further innovation in vending can help to offset declining consumer spending
Shift towards better-for-you snacks could help vending remain competitive
Retail in Australia - Industry Overview
Retail in 2024: The big picture
Shifting trust among consumers and shrinkflation strategies
Industrial disputes at Australian ports drive up cost of imports
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
End of year/Christmas shopping
Back-to-school
DISCLAIMER
Vending
Vending (automatic merchandising) is the sale of products at an unattended point of sale through a machine operated by introducing coins, bank notes, payment cards, tokens or other means of cashless payment. Sales figures cover vended products only (i.e. food, drink and other consumable goods such as vended tobacco, sanitary products and condoms). Services such as the public telephone, launderette facilities, travel tickets, stamps, passport photographs, domestic energy supplies and business card creation are excluded. Coverage includes vending systems installed in public and semi-captive environments only. Hotels, transport networks, recreational centres, shopping centres/malls are included. Factories, offices, hospitals, prisons, schools and other captive environments are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Vending research and analysis database.
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