CHINA VMF 2019 is an opportunity to explore the Chinese Vending Market
Recently, the report Market Prospect Forecast and Investment Strategy Planning of China Vending Machine Industry from 2018 to 2023gave a few interesting insights about the vending industry developments in the country.
According to the publication, the stalled base of China's self-service vending machines was about 190,000 at the end of 2016, a 1400% increase compared with 2011. On the whole, the number of vending machines in China grows rapidly. The report predicts that the number of vending machines in use will increase an average of around 80,000 each year in the following years and eventually to 1,400,000 by 2020. It means that vending machinemarket plays an important role in the current national economy.
So the vending industry in China seems to offer quite a lot of opportunities. It is believed that the rise of unmanned markets will definitely benefit the vending machine industry, which will directly change the tendency of retail industry. And if we look at some examples, we can tell that many players are moving in. For example, Allibaba has invested heavily in vending machine industry and the company has purchased a large number of offline supermarkets. Furthermore, SF Express has launched a project that a large quantity of unmanned convenience shelves will be operated across the country. Another one is Auchan testing an unmanned supermarket in Shanghai.
So for those who want to tap in the vast potential of the Chinese market, whether as a brand or operator, China VMF 2019 is most probably for you. The show is going to host over 350 exhibitors and is an effective business trade platform for companies to tap into China. The show will take place end of February 2019 and is currently offering early bird fees.
China Int’ l Vending Machines and Self-service Facilities Fair 2019 (China VMF 2019), from 26thtill 28THof February 2019, China Import & Export Fair Complex, Guangzhou, China, http://www.chinavmf.com/index.php?lang=en
For early bird fees:
China VMF 2019Organizing Committee
Contact: Shirely Wu
Tel:+86 20 22106418
Mobile/What’s app: +86 15975829231
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