PROSPECTS AND OPPORTUNITIES
Vending reaches maturity, slowing future growth potential
While vending is expected to record a positive performance over the forecast period, supported by consumer movement and the convenience of vending machines in high footfall areas, space remains for innovation and further expansion. Food and drink will continue to drive demand, especially as local consumers are more accustomed to buying these items from machines.
Innovative experiences could help channel attract attention
Vending machines focused on specific products, be it food and drinks, or other fashionable items, are expected to continue to emerge across the country as brands look to experiment with innovative formats and surprise consumers looking for new shopping experiences. Consumers are set to respond well to any developments, with opportunities remaining for products such as toys and games, accessories, and special promotional initiatives.
Vending to adapt to demand for more efficient and cashless payments
The reduction in the use of cash, which has been occurring in Chile for many years, and the rise in the use of debit and credit cards, means that often consumers choose to buy from competing channels if they do not have cash to use in vending machines. New payment methods, such as tap to pay, card readers, QR codes and digital wallets have helped maintain the channel’s relevance to tech-savvy consumers, especially as on-the-go buying is quicker than purchasing from convenience stores or kiosks.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading retailers in Vending in Chile?
- 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 Chile - Category analysis
KEY DATA FINDINGS
Slow growth for vending due to limited innovation in Chile
Soft and hot drinks drive vending demand in Chile
Safety concerns drive players to install vending machines in captive environments
Vending reaches maturity, slowing future growth potential
Innovative experiences could help channel attract attention
Vending to adapt to demand for more efficient and cashless payments
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence Day
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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