Industry Analysis & Industry Trends
Companies in the Vending Machine Operators industry have found it difficult to absorb food price increases from manufacturers and wholesalers, resulting in lost earnings. Furthermore, consumer priorities have increasingly shifted toward value over convenience, pushing snack purchases away from vending machines toward lower-priced outlets such as supermarkets and coffee shops. In the next five years, operators will work to meet changing consumer preferences by offering a wider selection of products, including more healthy snacks, though industry revenue is expected to still rely heavily on soda and candy. As a result, consumers' increasing focus on healthy eating will likely keep industry growth from expanding too aggressively... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Vending machine operators are suffering from a decline in demand from industrial sites, which have long served as a major market. Moderate profit growth largely reflects higher prices rather than the strength of purchases, while industry revenue keeps declining.
Vending machine businesses operate in a fairly crowded market. The low concentration level and high share of nonemployer operators (operators that are self-employed individuals) reflect the preponderance of small vending machine operators. Retailing consumables in a saturated environment also means that many retailers compete for consumers' attention... purchase to read more