PROSPECTS AND OPPORTUNITIES
Competition set to contribute to decline in vending in 2025
The surge in sales via vending in recent years was largely driven by increased activities outside of the home and demand for contactless transactions. However, the novelty factor may fade, which is expected to prevent current value growth in 2025.
The rise of unique vending machines likely to drive a return to growth
Nevertheless, after a year of decline in 2025, a return to growth is expected for the rest of the forecast period, due to the widening product range and the convenience of vending machines in consumers’ busy lives. Vending machines in South Korea are evolving beyond traditional snacks and beverages, offering a diverse range of speciality products.
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Overview:
Understand the latest market trends and future growth opportunities for the Vending industry in South Korea 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 South Korea, 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 South Korea 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 South Korea?
- Which are the leading retailers in Vending in South Korea?
- 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 South Korea - Category analysis
KEY DATA FINDINGS
Vending value sales continue to rise amidst increase in activities outside the home
Offline retailers expand speciality vending machines to attract customers
Competition set to contribute to decline in vending in 2025
The rise of unique vending machines likely to drive a return to growth
Retail in South Korea - Industry Overview
Retail in 2024: The big picture
Competition for fast delivery in South Korea
Convenience stores are evolving into lifestyle platforms
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Summer Sale
Black Friday/Korea Sale Festa
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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