Vending Machine Operators in Canada
The Vending Machine Operators industry in Canada has struggled to keep pace with changing consumer tastes, resulting in a contraction in industry revenue over the five years to 2019. During this time, consumers have cut their discretionary spending on many of the foods traditionally sold in vending machines when the price of those products increased. Consumers' heightened price sensitivity persisted during the period, limiting impulse purchases of more expensive goods at vending machines. Additionally, consumer tastes have shifted toward healthier snacks not usually stocked in vending machines. Demand for confections has declined while demand for relatively healthier foods has increased. Over the five years to 2024, IBISWorld expects the industry to mitigate the decline of recent years by stocking more healthy items.
This industry comprises establishments that own, stock and service automated machines that retail merchandise, primarily confectionery, snack foods and soft drinks, but also cigarettes, newspapers and other goods. This industry does not include revenue from soft drink producers that operate their own vending machines.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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