Industry Analysis & Industry Trends
Vending machines will inch back into growth over the next five years as disposable incomes improve. To compete with the rising tide of coffee and snack shops, operators will invest in technology to improve their machines' usability and appearance, as well as diversify their product offerings. However, competition will remain a significant threat for vending machine operators, and healthy eating trends will also inhibit demand... purchase to read more
Industry Report - Industry Products Chapter
Soft drinks are estimated to account for about 40.4% of revenue in 2014. Importantly, vending machines that soda producers own are not included in this figure or in industry revenue. This segment is a steady share of revenue because although the price of soft drinks has increased, soft drink sales are declining by volume due to changing consumer preferences.
Health concerns are leading to a product substitution from carbonated drinks to noncarbonated drinks. Vending machine operators were slow to capitalize in this new growth area in comparison with other retailers like convenience stores. As a result, consumers who had embraced the health trend left the industry over the five years to 2014 contributing to the drop in industry revenue... purchase to read more