PROSPECTS AND OPPORTUNITIES
Infrastructure development will drive expansion in vending machines
The implementation of Vision 2030 projects is set to enhance public spaces, including business centres and train stations. As a result, operators are likely to increase the number of vending machines, improving market penetration and resulting in smaller players focusing on semi-captive environments to remain competitive.
Vending machines expected to see more diversified offerings
Vending machines are anticipated to expand their product range as they grow to become an appealing option for emerging local food and beverage retailers aiming to enhance their market presence. Diversification in offerings will also aim to benefit from the momentum in health and wellness, effectively creating scope for food vending.
Increase in tourism footfall and new commercial shopping areas creates new vending opportunities
The number of shopping malls being built in the country will continue to grow over the forecast period with this in turn creating new opportunities for more vending machines. As the number of shopping malls in the country increases, coupled with investments in festivals and entertainment seasons, it is expected that the number of vending machines will grow and there will be good opportunities for higher sales.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- Which are the leading retailers in Vending in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
Vending machines witness steady increases
Competitive landscape evolves to accommodate more products and services
Saudi Energy Ministry grants first license for LPG cylinder vending machines
Infrastructure development will drive expansion in vending machines
Vending machines expected to see more diversified offerings
Increase in tourism footfall and new commercial shopping areas creates new vending opportunities
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
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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