Product Code: ETC043999 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Vending Machines market is expected to register a CAGR of 4.7% during the forecast period from 2025-2031. Factors such as an increase in disposable income, growing health awareness among consumers, and rising convenience needs are driving the growth of vending machines across Saudi Arabia. Furthermore, increasing purchasing power has led to rising demand for various types of snacks and beverages purchased through vending machines. Additionally, technological advances are promoting online payments via mobile phones and credit cards, which enable customers to make cashless purchases more easily than before.
An increase in disposable income among citizens has resulted in greater availability of money that can be spent on a variety of products purchased through vending machines like snacks & beverages etc.. As per World Bank??s estimate for 2025-2031 GDP per capita was estimated to be US$ 21000 by 2022 with population of 34 million people indicating towards strong spending capacity especially related food services sector where most commonly vended item being consumed. Adoption of new technologies along with consumer preference towards cashless transactions is another major driver for the growth in usage rate & revenue generated via vending machine industry across Saudi Arabia region. Increasing adoption e-payment methods like wallet or card payment options becoming more popular as they facilitate quick purchase process without need carrying hard cash around with them while also allowing vendors providing these services at cheaper cost than traditional banking infrastructure charges associated with it thus helping them expand their businesses further.
Despite significant potential present within rural areas due to large number untapped consumers living there it remains largely untapped primarily due low level awareness regarding functioning & utility provided by vending machine business model making difficult companies establish foothold there no matter how attractive pricing offered might be compared other channels . This factor coupled higher installation cost associated setting up operation makes challenging many vendors invest into this segment despite lucrative opportunities available here long term perspective if right initiatives taken ensure better reach remote locations.
The COVID-19 pandemic has had an adverse effect on all retail businesses that include bakery stores as well as convenience stores which sell food products through vending machines. Many customers have stopped buying such products due to fears over hygiene and contamination from using public touchscreens or buttons on such machines. This has resulted in lower sales for operators who own these vending machines with many choosing not to operate them until further notice as precautionary measures against coronavirus transmission.
Major players operating in the Saudi Arabia Vending Machines Market include Azkoyen Group S.A., Fuji Electric Co., Ltd., Koolatron Corporation, Seaga Manufacturing Inc., N&W Global Vending SPA, Crane Merchandising Systems LLC (Crane Co.), SandenVendo America Inc., Royal Vendors Incorporated (Allegheny Bradford Corporation), Westomatic Vending Services Ltd., Selecta One Europe GmbH &CoKG , among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Vending machines Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Vending machines Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Vending machines Market - Industry Life Cycle |
3.4 Saudi Arabia Vending machines Market - Porter's Five Forces |
3.5 Saudi Arabia Vending machines Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.6 Saudi Arabia Vending machines Market Revenues & Volume Share, By Payment Mode, 2021 & 2031F |
4 Saudi Arabia Vending machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Vending machines Market Trends |
6 Saudi Arabia Vending machines Market, By Types |
6.1 Saudi Arabia Vending machines Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Vending machines Market Revenues & Volume, By Applications, 2021-2031F |
6.1.3 Saudi Arabia Vending machines Market Revenues & Volume, By Commercial Places, 2021-2031F |
6.1.4 Saudi Arabia Vending machines Market Revenues & Volume, By Offices, 2021-2031F |
6.1.5 Saudi Arabia Vending machines Market Revenues & Volume, By Public Places, 2021-2031F |
6.1.6 Saudi Arabia Vending machines Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Vending machines Market, By Payment Mode |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Vending machines Market Revenues & Volume, By Cash, 2021-2031F |
6.2.3 Saudi Arabia Vending machines Market Revenues & Volume, By Cashless, 2021-2031F |
7 Saudi Arabia Vending machines Market Import-Export Trade Statistics |
7.1 Saudi Arabia Vending machines Market Export to Major Countries |
7.2 Saudi Arabia Vending machines Market Imports from Major Countries |
8 Saudi Arabia Vending machines Market Key Performance Indicators |
9 Saudi Arabia Vending machines Market - Opportunity Assessment |
9.1 Saudi Arabia Vending machines Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.2 Saudi Arabia Vending machines Market Opportunity Assessment, By Payment Mode, 2021 & 2031F |
10 Saudi Arabia Vending machines Market - Competitive Landscape |
10.1 Saudi Arabia Vending machines Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Vending machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |