Saudi Arabia Vending Machine Market (2022-2028) | Outlook, Forecast, Analysis, Trends, Value, Revenue, Growth, Industry, Size, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Product Type (Beverages, Snacks, Chocolate and Candies, Tobacco & Others), By End Users (QSRShopping MallsRetail StoresOffices and InstitutionsPublic Transport & Others) and competitive landscape

Product Code: ETC002629 Publication Date: Dec 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Vending Machine Market Synopsis

Saudi Arabia Vending Machine Market is expected to grow during the forecast period. There is a growing trend of vending machines in Saudi Arabia, as the country's population continues to grow and age. Additionally, there is an increase in the number of people with disabilities, which has led to the growth of vending machines for them. The Saudi Arabia Vending Machine market is a part of Middle East vending machine market and global vending machine market.

According to 6Wresearch, the Saudi Arabia Vending Machine market size is likely to witness growth during 2022-28. The growth is attributed to increasing awareness about the benefits of using vending machines in healthcare and other sectors, and the increasing popularity of healthy eating. Additionally, there are several factors that are driving the Saudi Arabia vending machine market such as increasing adoption of vending machines for various applications such as food and beverage, health & fitness, retail, and others. Further, growing demand from government bodies and other organizations for improved efficiency and reduced costs. Moreover, the Food and beverage machines account for the largest share of the overall market, followed by tobacco machines. Other items such as flowers and newspapers are also growing in popularity due to rising disposable incomes among consumers.

Market Analysis By Product Type

In terms of type, the Saudi Arabia vending machine market is categorized into automatic and manual machines. The automatic machines include those that dispense pre-packaged food items while manual machines involve human intervention such as selecting items from a menu. Additionally, the key factors that are expected to drive the growth of the Saudi Arabia vending machine market are increasing consumer awareness and spending, changing lifestyles, and rising healthcare costs. The increasing prevalence of obesity and diabetes highlights the need for healthy food options, which in turn increases demand for vending machines that vend healthy foods. Moreover, the rise in electronic payments is also fuelling the growth of the Saudi Arabia vending machine market.

Market Analysis By Competitive Landscape

The market faces significant competition from international vendors such as Coca Cola and Pepsi, who are aggressively expanding their distribution networks in the country and hold significant market share. Furthermore, local vendors are also competing with each other for a share of the pie. This has resulted in a high level of consolidation among vendors, with only a few players accounting for more than 50% of the market share. Additionally, the increasing number of hospitals and nursing homes in the country is anticipated to drive the demand for vending machines, which in turn will help companies such as PepsiCo and Coca-Cola increase their share in the market. In addition, the government's push for healthy living is expected to spur sales of vending machines that dispense healthy food options.

COVID-19 Influence on the Saudi Arabia Vending Machine Market

The pandemic has resulted in a slowdown in the market growth few years back. However, the circumstances have upgraded gradually post pandemic. Currently, the market has demonstrated substantial growth prospects. Further, Saudi Arabia is home to some of the most important industries of the Middle East, and one of them is vending machines. This growth is mainly attributed to the increasing demand for healthier food and drinks, as well as the increasing adoption of vending machines in public places.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market
  • 8 Years of Market Numbers
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Upcoming Developments and Projects.

Key Highlights of the Report:

  • Saudi Arabia Vending Machine Market Overview
  • Saudi Arabia Vending Machine Market Outlook
  • Saudi Arabia Vending Machine Market Forecast
  • Historical Data of Saudi Arabia Vending Machine Market Revenues for the Period 2018-2021
  • Saudi Arabia Vending Machine Market Size and Saudi Arabia Vending machine Market Forecast of Revenues, Until 2028
  • Historical Data of Saudi Arabia Vending Machine Market Revenues, By Product Type, for the period 2018-2028
  • Market Size & Forecast of Saudi Arabia Vending Machine Market Revenues and Volumes, By Product Type, Until 2028.
  • Historical Data of Saudi Arabia Vending Machine Market Revenues, By End Users, for the period 2018-2028
  • Market Size & Forecast of Saudi Arabia Vending Machine Market Revenues and Volumes, By End Users, Until 2028.
  • Market Drivers and Restraints
  • Saudi Arabia Vending Machine Market Trends and Industry Life Cycle
  • Market Opportunity Assessment
  • Saudi Arabia Vending Machine Market Share, By Players
  • Saudi Arabia Vending Machine Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Scope and Segmentation

The report delivers a widespread study of the subsequent 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 Enquired Queries Regarding the Market Study: FAQs

1). Does the report include the impression of COVID-19?

The report not only has considered COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.

2). Which product type accounts for the maximum market share in the Saudi Arabia vending machine market?

In terms of product type, the snacks and beverages products accounted for the highest share due to growing tourism and busy lifestyle of consumers.

3). Which end user is exhibited to gain traction over the forecast period?

In terms of end user, the QSR and shopping malls acquired the highest market revenue share in Saudi Arabia vending machine market due to increasing consumer awareness and spending, changing lifestyles, and rising healthcare costs.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is attributed to increasing adoption of vending machines for various applications such as food and beverage, health & fitness, retail, and others. Further, growing demand from government bodies and other organizations for improved efficiency and reduced costs.

5). What are the key challenges faced by Saudi Arabia vending machine market?                                                                                                

The increasing prevalence of obesity and diabetes has resulted in a need for healthy food and beverages in Saudi Arabia as well as stringent competition is also a challenge for vending machines in Saudi Arabia.

6). Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.

7). We also want to have market reports for other countries/regions.

6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.

1. Executive Summary
2. Introduction
2.1  Report Description
2.2  Key Highlights
2.3  Market Scope & Segmentation
2.4  Research Methodology
2.5  Assumptions
3. Saudi Arabia Vending Machine Market Overview
3.1 Saudi Arabia Vending Machine Market Revenues and Volume, 2018-2028F
3.2 Saudi Arabia Vending Machine Market  Revenue Share, By Product Types, 2021 & 2028F
3.3 Saudi Arabia Vending Machine Market  Revenue Share, By End Users, 2021 & 2028F
3.4 Saudi Arabia Vending Machine Market - Industry Life Cycle
3.5 Saudi Arabia Vending Machine Market - Porter’s Five Forces
4. Saudi Arabia Vending Machine Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Saudi Arabia Vending Machine Market Trends
6. Saudi Arabia Vending Machine Market Overview, By Product Types
6.1 Saudi Arabia Vending Machine Market  Revenues and Volume, By Beverages, 2018-2028F
6.2 Saudi Arabia Vending Machine Market  Revenues and Volume, By Snacks, 2018-2028F
6.4 Saudi Arabia Vending Machine Market Revenues and Volume, By Chocolates and Candies, 2018-2028F
6.3 Saudi Arabia Vending Machine Market Revenues and Volume, By Tobacco, 2018-2028F
6.4 Saudi Arabia Vending Machine Market Revenues and Volume, By Others, 2018-2028F
7. Saudi Arabia Vending Machine Market Overview, By End Users
7.1 Saudi Arabia Vending Machine Market Revenue and Volumes, By QSR, 2018-2028F
7.2 Saudi Arabia Vending Machine Market Revenue and Volumes, By Shopping Malls, 2018-2028F
7.3 Saudi Arabia Vending Machine Market Revenue and Volumes, By Retail Stores, 2018-2028F
7.4 Saudi Arabia Vending Machine Market Revenue and Volumes, By Offices and Institutions, 2018-2028F
7.5 Saudi Arabia Vending Machine Market Revenue and Volumes, By Public Transport, 2018-2028F
7.6 Saudi Arabia Vending Machine Market Revenue and Volumes, By Others, 2018-2028F
8. Saudi Arabia Vending Machine Market Key Performance Indicators
9. Saudi Arabia Vending Machine Market Opportunity Assessment
9.1 Saudi Arabia Vending Machine Market Opportunity Assessment, By Product Types, 2028F
9.2 Saudi Arabia Vending Machine Market Opportunity Assessment, By End Users, 2028F
10. Saudi Arabia Vending Machine Market Competitive Landscape
10.1 Saudi Arabia Vending Machine Market By Companies, 2021
10.2 Saudi Arabia Vending Machine Market Competitive Benchmarking, By Operating Parameters, 2021
11. Company Profiles
12. Key Strategic Recommendations
13. Disclaimer
 

Market Forecast By Product Type (Beverages, Snacks, Chocolate and Candies, Tobacco & Others), By End Users (QSRShopping MallsRetail StoresOffices and InstitutionsPublic Transport & Others) and competitive landscape

Product Code: ETC002629 Publication Date: May 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia vending machine market is anticipated to witness substantial growth over the coming years primarily due to the growing demand for ready-to-use snacks and beverages on account of the busy routine of consumers as well as rapid urbanization. Further, a growing number of shopping complexes, malls, supermarkets, hypermarkets, and convenience stores would further fuel the demand for vending machines in Saudi Arabia.

According to 6Wresearch, Saudi Arabia Vending Machine Market size is expected to witness significant growth during 2020-2026. Growing usage of mobile wallets and other cashless payment options, entry of international food chains, presence of expatriate population, rising investment in the retail sector, an increasing number of tourists as well as changing food preference of consumers are some of the key growth drivers of the vending machine market in Saudi Arabia. However, the growth of the vending machine in Saudi Arabia 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 Saudi Arabia.  

Based on product type, the vending machine market in Saudi Arabia is categorized into beverages, snacks, chocolates and candies, tobacco, and others. The snacks and beverages category together dominates the overall vending machine market sales in Saudi Arabia due to a busy lifestyle and changing preferences of modern-day 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 Saudi Arabia. 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 Saudi Arabia 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 Saudi Arabia vending machine market report comprehensively covers the market by product types, by end-users, and by regions. The Saudi Arabia vending machine market outlook report provides an unbiased and detailed analysis of the Saudi Arabia vending machine market trends, Saudi Arabia vending machine market share, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Saudi Arabia Vending Machine Market is anticipated to register sound revenues on the back of the increased continued growth of supermarket and retail stores that tends to offers vending machine facility especially to attract children to try on the new technology-driven confectionary offering machine which is not only leading to modern shopping technique but is also expected to be a revenue-generating source for the store and would leave favorable impact the over the market growth in the coming timeframe. Additionally, increased foreign delegation and tourism visits especially business and religious tourism in the country which is estimated to shape the hospitality sector is expected to be of great benefit for the Saudi Arabia vending machine market with the increased installation of the product at airports and other commercial places where high footfall is witnessed each day. Additionally, rising snack and beverage vending machine installation at these commercial hubs and airports are likely to benefit the Saudi Arabia Vending Machine market make serious headway towards spectacular growth in the forthcoming years.

Key Highlights of the Report:

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

 Markets Covered

The Saudi Arabia 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

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