PROSPECTS AND OPPORTUNITIES
Further innovation to expand vending use
Over the forecast period, vending is expected to gain even more popularity, partly because it offers several advantages over traditional retail. Vending machines occupy less space, reducing rental costs, and can operate 24 hours a day without needing staff on-site.
Unconventional categories embrace vending
Aside from popular groceries and ready-to-eat meals, merchants in Singapore are venturing into unconventional product categories using vending machines. Some offer beauty and personal care items, while others dispense gold or even luxury cars on a promotional basis.
Cashless payments becoming the norm
Historically, vending machines in Singapore accepted cash payments in the form of coins and SGD2 notes. However, older machines that support only these methods are becoming rare.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading retailers in Vending in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Renewed social movement drives vending sales
7-Eleven’s new vending concept in Singapore
Growing product diversity in vending
Further innovation to expand vending use
Unconventional categories embrace vending
Cashless payments becoming the norm
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
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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