Market Forecast By Product Type (Beverages, Snacks, Chocolate and Candies, Tobacco & Others), By End Users (QSR, Shopping Malls, Retail Stores, Offices and Institutions, Public Transport & Others), By Countries (Saudi Arabia, UAE, Kuwait, Qatar, Turkey & Rest of the Middle East) and competitive landscape
Product Code: ETC002693 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Vending Machine Market is anticipated to register substantial growth, driven by a growing demand for automated retail solutions. Some of the latest developments in the market include the advent of smart vending machines as they are equipped with advanced technologies such as biometric authentication, facial recognition, and touchless payment options. With a growing focus on health and wellness, healthy vending machines have become gradually popular in the region. The adoption of contactless payment options in the Middle East vending machine industry is becoming increasingly popular due to the COVID-19 outbreak. Many vending machine manufacturers and operators are now offering mobile payments and contactless cards, to improve customer safety and prevent the spread of viruses by making contactless payments.
Moreover, cloud-based vending machine management systems are becoming increasingly popular in the Middle East as they allow operators to monitor and manage their machines remotely, and track sales in real time. Furthermore, there is a growing demand for sustainable vending machines in the Middle East. In general, these machines are designed to be environmentally friendly and energy-efficient, using renewable energy sources. Overall, the Middle East vending machine market size is expected to witness tremendous growth in the coming years on account of technological advancements and evolving consumer preferences.
The Middle East vending machine market is expected to register substantial growth over the coming years primarily on account of the increasing number of tourists and growing urbanization in the region. Vending machines have penetrated all public places in the Middle East region such as workplaces, shopping malls, retail stores, supermarkets, hypermarkets, pubs & bars, etc. Further, technological innovation and a growing number of partnerships will further boost the demand for vending machines in the region as Etisalat partnered with Adnoc Distribution in 2019 in UAE to sell smartphones at prime locations in Abu Dhabi. Etisalat is one of the pioneers to launch the first vending machine to serve the digital need of modern-day customers. These initiatives will transform the vending machine vendors from delivering day-to-day food and beverage products towards offering premium and luxury products in the Middle East region.
According to 6Wresearch, Middle East Vending Machine Market size is anticipated to register considerable growth during 2020-2026. An increasing number of partnerships, technological innovation, rising demand for premium products, growing hospitality and tourism sector, increasing disposable income, a rising standard of living, entry of a large number of food and beverage brands as well as rising number of the working population are some of the key growth drivers of the vending machine market in the Middle East. Additionally, a rising number of supermarkets, hypermarkets, shopping malls, QSR, and convenience stores along with the rapid expansion of the retail chain of consumer goods across the region will further spur the demand for vending machines in the Middle East region.
However, the growth of the vending machine is anticipated to witness a slowdown during the first half of 2020-2021 due to the outbreak of the Covid-19 pandemic. The government of most Middle East countries has implemented a lockdown which has resulted in a standstill of business operations and commercial activities in these countries. However, the market is expected to recover gradually at the beginning of 2021 and it may even take the next few years to retain normal business conditions in some countries in the Middle East.
Based on end-users, the vending machine market is segmented into QSR, shopping malls, & retail stores, offices, and institutions, public transport, and others. The QSR, shopping malls, and retail stores are witnessing significant growth in the vending machine market in the Middle East. Whereas, in terms of product type, the vending machine market in the Middle East is segmented into beverages, snacks, chocolates & candies, tobacco, and others. The snacks and beverages category leads the overall vending machine market sales in the Middle East due to busy lifestyles and a rising number of the working population. Further, the pharmacy outlets are also recording significant growth in revenues due to the spread of the Covid-19 pandemic which has resulted in increased usage of vending machines across hospitals and other healthcare centres.
Some of the key players operating in the Middle East vending machine market are Automated Merchandising Systems, Azkoyen Vending Systems, American Vending Machines, Continental Vending, Evoke Group, Bianchi Industry SpA, Bulk Vending Systems, Crane Merchandising Systems Inc, Fuji Electric Co., Ltd, Sanden Holdings Corporation and others.
The Middle East vending machine market report comprehensively covers the market by product types, end-users, and by key countries including Saudi Arabia, UAE, Kuwait, Qatar, Turkey, and the Rest of the Middle East region. The Middle East vending machine market outlook report provides an unbiased and detailed analysis of the Middle East vending machine market trends, the Middle East vending machine market share, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Vending Machines Market is projected to secure tremendous growth prospects underpinned by an increase in the growth of the young working population who spends more on shopping and food consumption which is leading to instigate the establishment of the shopping centre and food courts across the region simultaneously is estimated to leave a favourable impact on the product installation. Further, the growing number of travellers leading to an increase in vending machine installation at the airport is one of the factors witnessing a major growth of the Middle East vending machine market in the coming timeframe.
Middle East Vending Machines Market is projected to secure tremendous growth prospects underpinned by an increase in the growth of the young working population who spends more on shopping and food consumption which is leading to instigate the establishment of the shopping centre and food courts across the region simultaneously is estimated to leave a favourable impact on the product installation. Further, the growing number of travellers leading to an increase in vending machine installation at the airport is one of the factors witnessing major growth for the Middle East vending machine market in the coming timeframe.
The Middle East vending machine market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Middle East Vending Machines Market Overview |
3.1 Middle East Indicators |
3.2 Middle East Vending Machines Market Revenue & Volume, 2016-2026F |
3.3 Middle East Vending Machines Market Revenue Share, By Product Type, 2019 & 2026F |
3.4 Middle East Vending Machines Market Revenue Share, By End Users, 2019 & 2026F |
3.5 Middle East Vending Machines Market Revenue Share, By Countries, 2019 & 2026F |
3.6 Middle East Vending Machines Market - Industry Life Cycle |
3.7 Middle East Vending Machines Market - Porter’s Five Forces |
4. Middle East Vending Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Middle East Vending Machines Market Trends |
6. Middle East Vending Machines Market Overview, By Product Type |
6.1 Middle East Vending Machines Market Revenues & Volume, By Beverages, 2016-2026F |
6.2 Middle East Vending Machines Market Revenues & Volume, By Snacks, 2016-2026F |
6.3 Middle East Vending Machines Market Revenues & Volume, By Chocolates and Candies, 2016-2026F |
6.4 Middle East Vending Machines Market Revenues & Volume, By Tobacco, 2016-2026F |
6.5 Middle East Vending Machines Market Revenues & Volume, By Others, 2016-2026F |
7. Middle East Vending Machines Market Overview, By End Users |
7.1 Middle East Vending Machines Market Revenues & Volume, By QSR, 2016-2026F |
7.2 Middle East Vending Machines Market Revenues & Volume, By Shopping Malls, 2016-2026F |
7.3 Middle East Vending Machines Market Revenues & Volume, By Retail Stores, 2016-2026F |
7.4 Middle East Vending Machines Market Revenues & Volume, By Offices and Institutions, 2016-2026F |
7.5 Middle East Vending Machines Market Revenues & Volume, By Public Transport, 2016-2026F |
7.6 Middle East Vending Machines Market Revenues & Volume, By Others, 2016-2026F |
8. Saudi Arabia Vending Machines Market Overview |
8.1 Saudi Arabia Vending Machines Market Revenue & Volume, 2016-2026F |
8.2 Saudi Arabia Vending Machines Market Revenues, By Product Type, 2016-2026F |
8.3 Saudi Arabia Vending Machines Market Revenues, By End Users, 2016-2026F |
9. UAE Vending Machines Market Overview |
9.1 UAE Vending Machines Market Revenue & Volume, 2016-2026F |
9.2 UAE Vending Machines Market Revenues, By Product Type, 2016-2026F |
9.3 UAE Vending Machines Market Revenues, By End Users, 2016-2026F |
10. Qatar Vending Machines Market Overview |
10.1 Qatar Vending Machines Market Revenue& Volume, 2016-2026F |
10.2 Qatar Vending Machines Market Revenues, By Product Type, 2016-2026F |
10.3 Qatar Vending Machines Market Revenues, By End Users, 2016-2026F |
11. Kuwait Vending Machines Market Overview |
11.1 Kuwait Vending Machines Market Revenue& Volume, 2016-2026F |
11.2 Kuwait Vending Machines Market Revenues, By Product Type, 2016-2026F |
11.3 Kuwait Vending Machines Market Revenues, By End Users, 2016-2026F |
12. Turkey Vending Machines Market Overview |
12.1 Turkey Vending Machines Market Revenue& Volume, 2016-2026F |
12.2 Turkey Vending Machines Market Revenues, By Product Type, 2016-2026F |
12.3 Turkey Vending Machines Market Revenues, By End Users, 2016-2026F |
13. Rest of the Middle East Vending Machines Market Overview |
13.1 Rest of the Middle East Vending Machines Market Revenue & Volume, 2016-2026F |
13.2 Rest of the Middle East Vending Machines Market Revenues, By Product Type, 2016-2026F |
13.3 Rest of the Middle East Vending Machines Market Revenues, By End Users, 2016-2026F |
14. Middle East Vending Machines Market - Opportunity Assessment |
14.1 Middle East Vending Machines Market Opportunity Assessment, By Product Type, 2026F |
14.2 Middle East Vending Machines Market Opportunity Assessment, By End Users, 2026F |
14.3 Middle East Vending Machines Market Opportunity Assessment, By Regions, 2026F |
15. Middle East Vending Machines Market Competitive Landscape |
15.1 Middle East Vending Machines Market Revenue Share, By Companies, 2019 |
15.1.1 Saudi Arabia Vending Machines Market Revenue Share, By Companies, 2019 |
15.1.2 UAE Vending Machines Market Revenue Share, By Companies, 2019 |
15.1.3 Qatar Vending Machines Market Revenue Share, By Companies, 2019 |
15.1.4 Kuwait Vending Machines Market Revenue Share, By Companies, 2019 |
15.1.5 Turkey Vending Machines Market Revenue Share, By Companies, 2019 |
15.2 Middle East Vending Machines Market Competitive Benchmarking, By Operating & Technical Parameters, 2019 |
16. Company Profiles |
17. Key Recommendations |
18. Disclaimer |