Kenya Vending Machine Market Shipment Analysis
Kenya Vending Machine Market registered a decline of -94.63% in value shipments in 2021 as compared to 2020 and an increase of 61.29% CAGR in 2021 over a period of 2017. In Vending Machine Market Kenya is becoming more competitive as the HHI index in 2021 was 7291 while in 2017 it was 9833. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Kenya has reportedly relied more on imports to meet its growing demand in Vending Machine Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Vending Machine Market in 2021 was 27.08 while in 2017 it was 25.49. India, China, Turkey, South Africa and were among the top players of the market in 2021, where India acquired the largest market share of 84.24% with a shipment value of 0.02 million USD in 2022 India also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 99.16% with the shipment value of 0.04 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Kenya Vending Machine Market in 2017.
Kenya vending machine market is likely to register substantial growth over the coming years primarily due to the growing commercial and retail sector in the country. Vending machines offer convenient and affordable options to consumers to acquire eatables quickly from various locations. Further, efforts of the East African food and beverage companies as well as online retailers to enhance their sales volume in the region has resulted in increased usage of vending machines in the country. Additionally, the growth of the organized retail sector such as restaurants, QSR, supermarkets, and hypermarkets as well as the changing lifestyle of consumers will further spur the demand for the vending machine market in Kenya.
According to 6Wresearch, Kenya Vending Machine Market size is expected to witness considerable growth during 2020-2026. Rising demand for ready-to-eat food products and beverages, the emergence of a large number of food and beverage players, rapid urbanization and rising spending on food products, entry of international food chains as well as busy lifestyle and changing food preference of consumers are some of the key growth drivers of the vending machine market in Kenya. However, the growth of the vending machine in Kenya is likely to witness a slowdown 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 Kenya.
In terms of product type, the vending machine market in Kenya is segmented into beverages, snacks, chocolates and candies, tobacco, and others. The snacks and beverages category together leads the overall vending machine market sales in Kenya due to the busy lifestyle and changing preference 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 Kenya. 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 Kenya 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 Kenya vending machine market report comprehensively covers the market by product types, by end-users, and by regions. The Kenya vending machine market outlook report provides an unbiased and detailed analysis of the Kenya vending machine market trends, Kenya 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.
Key Highlights of the Report:
- Kenya Vending Machine Market Overview
- Kenya Vending Machine Market Outlook
- Kenya Vending Machine Market Forecast
- Historical Data of Kenya Vending Machine Market Revenues for the Period 2016-2019
- Kenya Vending Machine Market Size and Kenya Vending machine Market Forecast of Revenues, Until 2026
- Historical Data of Kenya Vending Machine Market Revenues, By Product Type, for the period 2016-2026
- Market Size & Forecast of Kenya Vending Machine Market Revenues and Volumes, By Product Type, Until 2026.
- Historical Data of Kenya Vending Machine Market Revenues, By End Users, for the period 2016-2026
- Market Size & Forecast of Kenya Vending Machine Market Revenues and Volumes, By End Users, Until 2026.
- Market Drivers and Restraints
- Kenya Vending Machine Market Trends and Industry Life Cycle
- Market Opportunity Assessment
- Kenya Vending Machine Market Share, By Players
- Kenya Vending Machine Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Kenya 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):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
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1. Executive Summary
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2. Introduction
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2.1 Report Description
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2.2 Key Highlights
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2.3 Market Scope & Segmentation
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2.4 Research Methodology
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2.5 Assumptions
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3. Kenya Vending Machine Market Overview
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3.1 Kenya Vending Machine Market Revenues and Volume, 2016-2026F
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3.2 Kenya Vending Machine Market Revenue Share, By Product Types, 2019 & 2026F
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3.3 Kenya Vending Machine Market Revenue Share, By End Users, 2019 & 2026F
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3.4 Kenya Vending Machine Market - Industry Life Cycle
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3.5 Kenya Vending Machine Market - Porter’s Five Forces
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4. Kenya Vending Machine Market Dynamics
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4.1 Impact Analysis
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4.2 Market Drivers
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4.3 Market Restraints
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5. Kenya Vending Machine Market Trends
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6. Kenya Vending Machine Market Overview, By Product Types
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6.1 Kenya Vending Machine Market Revenues and Volume, By Beverages, 2016-2026F
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6.2 Kenya Vending Machine Market Revenues and Volume, By Snacks, 2016-2026F
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6.4 Kenya Vending Machine Market Revenues and Volume, By Chocolates and Candies, 2016-2026F
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6.3 Kenya Vending Machine Market Revenues and Volume, By Tobacco, 2016-2026F
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6.4 Kenya Vending Machine Market Revenues and Volume, By Others, 2016-2026F
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7. Kenya Vending Machine Market Overview, By End Users
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7.1 Kenya Vending Machine Market Revenue and Volumes, By QSR, 2016-2026F
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7.2 Kenya Vending Machine Market Revenue and Volumes, By Shopping Malls, 2016-2026F
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7.3 Kenya Vending Machine Market Revenue and Volumes, By Retail Stores, 2016-2026F
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7.4 Kenya Vending Machine Market Revenue and Volumes, By Offices and Institutions, 2016-2026F
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7.5 Kenya Vending Machine Market Revenue and Volumes, By Public Transport, 2016-2026F
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7.6 Kenya Vending Machine Market Revenue and Volumes, By Others, 2016-2026F
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8. Kenya Vending Machine Market Key Performance Indicators
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9. Kenya Vending Machine Market Opportunity Assessment
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9.1 Kenya Vending Machine Market Opportunity Assessment, By Product Types, 2026F
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9.2 Kenya Vending Machine Market Opportunity Assessment, By End Users, 2026F
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10. Kenya Vending Machine Market Competitive Landscape
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10.1 Kenya Vending Machine Market By Companies, 2019
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10.2 Kenya Vending Machine Market Competitive Benchmarking, By Operating Parameters, 2019
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11. Company Profiles
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12. Key Strategic Recommendations
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13. Disclaimer
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