Vending Machine Operators in Canada - Industry Market Research Report
Description
Vending Machine Operators in Canada
Vending machine operators have struggled to keep pace with changing consumer tastes, resulting in contracting revenue. Downstream consumers have cut discretionary spending on many foods traditionally sold in vending machines. Most consumers that did not halt spending on these goods were more likely to acquire them from grocery stores and other retailers. Consumers' price sensitivity has persisted, limiting impulse purchases of more expensive goods at vending machines. Consumer tastes have increasingly shifted toward healthier snacks not usually stocked in vending machines. Also, the COVID-19 pandemic reduced foot traffic in many locations with vending machines, including offices, educational institutions and warehouses. Revenue is expected to slide at a CAGR of 11.2% to $289.3 million through the end of 2023, include a decline of 2.0% in 2023 alone, when profit will account for 3.4% of revenue.
The Vending Machine Operators industry in Canada 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.
Vending machine operators have struggled to keep pace with changing consumer tastes, resulting in contracting revenue. Downstream consumers have cut discretionary spending on many foods traditionally sold in vending machines. Most consumers that did not halt spending on these goods were more likely to acquire them from grocery stores and other retailers. Consumers' price sensitivity has persisted, limiting impulse purchases of more expensive goods at vending machines. Consumer tastes have increasingly shifted toward healthier snacks not usually stocked in vending machines. Also, the COVID-19 pandemic reduced foot traffic in many locations with vending machines, including offices, educational institutions and warehouses. Revenue is expected to slide at a CAGR of 11.2% to $289.3 million through the end of 2023, include a decline of 2.0% in 2023 alone, when profit will account for 3.4% of revenue.
The Vending Machine Operators industry in Canada 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.
Table of Contents
73 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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