South Africa Vending Machine Market (2020-2026) | Share, Value, Companies, Outlook, Growth, Size, Trends, Analysis, Revenue, Forecast, COVID-19 IMPACT & Industry

South Africa vending machine market is likely to register substantial growth over the coming years predominantly due to changing consumer lifestyles and rising consumption of snacks and beverages. Tourism plays a major role in the South African economy and the arrival of foreign tourists also leads to the growth of vending machines in the country. Additionally, growing urbanization along with a rising number of supermarkets, hypermarkets, and modern retail stores will further boost the demand for vending machines in South Africa over the coming years.

According to 6Wresearch, the South Africa Vending Machine Market size is expected to witness considerable growth during 2020-2026. The growing retail sector, increasing tourism activities, rising number of the working population, changing lifestyle of consumers as well as increasing spending on food and beverages are some of the key growth drivers of the vending machine market in South Africa. However, the growth of the vending machine in South Africa is likely to witness a slow down during the first half of 2020-2021 due to the outbreak of the Covid-19 pandemic. The market is expected to recover at the beginning of the year 2021 in South Africa and it may even take the next few years to get back to the normal business conditions in the country.

In terms of product type, the vending machine market in South Africa is segmented into beverages, snacks, chocolates and candies, tobacco, and others. The snacks and beverages category leads to the overall vending machine market sales in South Africa due to a busy lifestyle and changing preferences of consumers. Whereas, 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 South Africa. 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 centers.

Some of the key players operating in the South Africa 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 South Africa vending machine market report comprehensively covers the market by product types, by end-users, and by regions. The South Africa vending machine market outlook report provides an unbiased and detailed analysis of the South Africa vending machine market trends, South Africa 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.

South Africa Vending Machine Market is projected to register sound revenues in the coming timeframe backed by growing foreign tourism rapidly coupled with changing consumer preferences which are leading to the rising consumption of beverages and snacks steadily and is anticipated to propel the installations of vending machines in the country. Further, the Growing working population demand for ready-to-eat food with ease of availability through using vending machines products. Moreover, vending machines are not only confined to food products but contain medical equipment in order to avoid long queues in hospitals which are expected to leave a positive impact on the country and would proliferate the substantial growth of the South Africa vending machine market in the upcoming six years. 

South Africa Vending Machine Market is projected to register sound revenues in the coming timeframe backed by the rising installation of Vending machines at airports which are cost-efficient machines as it offers products at a real price rather than purchasing products from retail outlets which attract a number of tourist towards vending machine purchase at the airport and is projected to make serious headway towards the growth of the market. Further, rising tourism has led to increasing hotels infrastructure such as Grootbos forest lodge is leading to better accommodation system along with instigating the vending machine installation for essential goods available in hotels and is expected to leave a positive impact and would proliferate the substantial growth of South Africa vending machine market in the upcoming six years.

South Africa vending machine market is estimated to gain traction in the coming timeframe backed by the rising growth of the healthcare sector. The increase in the growth of the hospital infrastructure especially the private sector spending amount to the establishment of clinics and hospitals which is a positive indication of the installation of vending machines and ensures easy availability of medicines at midnight as well without any long queue and this is estimated to act as a catalyst for the growth of South Africa vending machine market in the upcoming six years.

Key Highlights of the Report:

• South Africa Vending Machine Market Overview
• South Africa Vending Machine Market Outlook
• South Africa Vending Machine Market Forecast
• Historical Data of South Africa Vending Machine Market Revenues for the Period 2016-2019
• South Africa Vending Machine Market Size and South Africa Vending machine Market Forecast of Revenues, Until 2026
• Historical Data of South Africa Vending Machine Market Revenues, By Product Type, for the period 2016-2026
• Market Size & Forecast of South Africa Vending Machine Market Revenues and Volumes, By Product Type, Until 2026.
• Historical Data of South Africa Vending Machine Market Revenues, By End Users, for the period 2016-2026
• Market Size & Forecast of South Africa Vending Machine Market Revenues and Volumes, By End Users, Until 2026.
• Market Drivers and Restraints
• South Africa Vending Machine Market Trends and Industry Life Cycle
• Market Opportunity Assessment
• South Africa Vending Machine Market Share, By Players
• South Africa Vending Machine Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

 Markets Covered

The South Africa vending machine market report provides a detailed analysis of the following market segments:

• By Product Type:
• Beverages
• Snacks
• Chocolate and Candies
• Tobacco
• Others
  
  
• By End Users:
• QSR
• Shopping Malls
• Retail Stores
• Offices and Institutions
• Public Transport
• Others

Frequently Asked Questions About the Market Study (FAQs):