Snack vending machines tops automatic retailing in Australia
Automatic retailing is growing by leaps in Australia. With the super popularity of drink and snack vending machines the industry is showing highest growth in the market. Experts suggest its because of the competition, technically updated machines and the growing demand. The machines are popular in all age groups including kids, youth, adults and elderly.
Amongst all types of machines, snack vending machines show highest business. Retailers selling snacks through machines are making big moolah as these are the most profitable form of vending. And if one takes due care of cleaning, hygiene and maintenance then it generates best word of mouth publicity. People buying snacks from the machines give good reviews to friends thus increasing number of potential customers.
The reason behind the overwhelming demand of snack vending machines is that apart from packaged food, vendors are also coming up with machines selling freshly made stuff like pizza, burgers etc. Moreover, there are many vendors selling healthy, nutritious and low cal snacks. This factor is the highest contributor of increase in sales of these machines in the realm of automatic retailing.
According to Intel’s reports there would be 49% CAGR (Compound Annual Growth Rate) in vending industry. In addition, there would be 2 million units of vending machines installed across the globe. In this whopping figure the biggest share is that of snack selling machines. Also payment methods like mobile payments and card readers are facilitating any time, anywhere purchase of snacks.
For all these reasons, there is a surge of vending business on a global platter. And this industry tops automatic retailing coliseum!