PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1483711
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1483711
Singapore Vending Machine Market, By Type; By Technology; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Singapore Vending Machine Market Size Set to Expand at Significant CAGR of 6.09% to Reach USD 603.17 Million by 2030
Singapore Vending Machine Market is flourishing because of the busy lifestyles, an increasing level of disposable income, and growing urban population prioritizes toward convenience and efficiency.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Singapore Vending Machine Market size at USD 476.22 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Singapore Vending Machine Market size to expand at a CAGR of 6.09% reaching a value of USD 603.17 million by 2030. The increasing need for convenience, given that vending machines offer 24-hour access to a variety of items, is one of the major driving factors for the Singapore Vending Machine Market. The market will also be driven by growing technology integration, including touch screens, interactive displays, and cashless payment systems during the period in analysis.
Opportunity: Setup of new vending machines by various companies
The increasing popularity of vending machines among consumers in Singapore is prompting companies of food and beverages and other products to set up vending machines for their respective products to boost their sales. For instance, 7-Eleven, a major convenience store chain headquartered in the United States, launched vending machines at Geylang Bahru MRT station in Singapore, selling food items such as onigiri and sandwiches. Re.juve, a Singaporean brand for premium cold-pressed fruit and vegetable juices, also recently introduced a cold-pressed juice vending machine at Tanglin Mall, Singapore.
Singapore Vending Machine Market
Segmental Coverage
Singapore Vending Machine Market - By Application
Based on application, the Singapore Vending Machine Market is segmented into hotels & restaurants, corporate offices, public places, and others. The public place segment dominates the Singapore Vending Machine Market. Public places like shopping malls, train stations, airports, supermarkets, and hypermarkets, as these places attract large crowds. A significant number of vending machines are found in shopping malls in Singapore, which contributes to the segment's growth. However, corporate offices also cover a significant market share as employers install them to enhance their employee's working experience.
Competitive Landscape
Major players operating in the Singapore Vending Machine Market include Royal Vending Pte Ltd, Le Tach Vending Pte Ltd, JR Group, UniConnect Systems Pte Ltd, Juicy Fresh, Milano Vending Private Limited, and Absolute Vending (AGPG Asia Pte Ltd).
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Singapore Vending Machine Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Singapore Vending Machine Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Singapore Vending Machine Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Urbanization in Singapore
- 3.2.1.2. Busy Lifestyles and Growing Disposable Income
- 3.2.1.3. Growing Urban Population Prioritizes toward Convenience and Efficiency
- 3.2.1.4. Advancements in Technology
- 3.2.2. Restraints
- 3.2.2.1. High Cost Involved
- 3.2.2.2. Competition from Traditional Retail
- 3.2.3. Opportunities
- 3.2.3.1. Increasing Demand for Healthy and Organic Vending
- 3.2.3.2. Increasing Integration of Cashless and Contactless Payment Systems
- 3.2.3.3. Utilizing Data from Vending Machines on Consumer Preferences and Buying Patterns
- 3.2.4. Challenges
- 3.2.4.1. Ensuring Proper Maintenance and Hygiene of Vending Machines
- 3.2.4.2. Singapore's Land Scarcity
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Singapore Vending Machine Market: Pricing Analysis
5. Singapore Vending Machine Market: Marketing Strategies
6. Singapore Vending Machine Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share and Forecast
- 6.2.1. By Type
- 6.2.1.1. Beverages Vending Machine
- 6.2.1.2. Tobacco Vending Machine
- 6.2.1.3. Other Vending Machine
- 6.2.1.4. Food Vending Machine
- 6.2.2. By Technology
- 6.2.2.1. Semi-Automatic Machine
- 6.2.2.2. Smart Machine
- 6.2.2.3. Automatic Machine
- 6.2.3. By Application
- 6.2.3.1. Hotels & Restaurants
- 6.2.3.2. Corporate Offices
- 6.2.3.3. Public Places
- 6.2.3.4. Others
- 6.2.1. By Type
7. Singapore Vending Machine Market: Import & Export
8. Competitive Landscape
- 8.1. List of Key Players and Their Offerings
- 8.2. Singapore Vending Machine Market Share Analysis, 2023
- 8.3. Competitive Benchmarking, By Operating Parameters
- 8.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
9. Impact of Escalating Geopolitical Tensions on Singapore Vending Machine Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 10.1. Royal Vending Pte Ltd
- 10.2. Le Tach Vending Pte Ltd
- 10.3. JR Group
- 10.4. UniConnect Systems Pte Ltd
- 10.5. Juicy Fresh
- 10.6. Milano Vending Private Limited
- 10.7. Absolute Vending (AGPG Asia Pte Ltd)
- 10.8. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
- 12.1. Qualitative Research
- 12.1.1. Primary & Secondary Research
- 12.2. Quantitative Research
- 12.3. Market Breakdown & Data Triangulation
- 12.3.1. Secondary Research
- 12.3.2. Primary Research
- 12.4. Breakdown of Primary Research Respondents
- 12.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Singapore Vending Machine Segmentation
- Figure 2 Singapore Vending Machine Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Singapore Vending Machine Market Size, By Value (USD Million), 2019-2030
- Figure 5 Singapore Vending Machine Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 6 Singapore Vending Machine Market Share, By Technology, By Value (USD Million), 2019-2030
- Figure 7 Singapore Vending Machine Market Share, By Application, By Value (USD Million), 2019-2030
List of Tables
- Table 1 Singapore Vending Machine Market Size, By Value (USD Million), 2019-2030
- Table 2 Singapore Vending Machine Market Share, By Type, By Value (USD Million), 2019-2030
- Table 3 Singapore Vending Machine Market Share, By Technology, By Value (USD Million), 2019-2030
- Table 4 Singapore Vending Machine Market Share, By Application, By Value (USD Million), 2019-2030
- Table 5 Royal Vending Pte Ltd Company Overview
- Table 6 Royal Vending Pte Ltd Financial Overview
- Table 7 Le Tach Vending Pte Ltd Company Overview
- Table 8 Le Tach Vending Pte Ltd Financial Overview
- Table 9 JR Group Company Overview
- Table 10 JR Group Financial Overview
- Table 11 UniConnect Systems Pte Ltd Company Overview
- Table 12 UniConnect Systems Pte Ltd Financial Overview
- Table 13 Juicy Fresh Company Overview
- Table 14 Juicy Fresh Financial Overview
- Table 15 Milano Vending Private Limited Company Overview
- Table 16 Milano Vending Private Limited Financial Overview
- Table 17 Absolute Vending (AGPG Asia Pte Ltd) Company Overview
- Table 18 Absolute Vending (AGPG Asia Pte Ltd) Financial Overview
