Blueweave
Singapore Vending Machine Market

Singapore Vending Machine Market

Singapore Vending Machine Market, By Type (Beverages Vending Machine, Tobacco Vending Machine, Other Vending Machine, Food Vending Machine); By Technology (Semi-Automatic Machine, Smart Machine, Automatic Machine); By Application (Hotels & Restaurants, Corporate Offices, Public Places, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: May 2024
  • Report ID: BWC24342
  • Available Format: PDF
  • Page: 200

Report Overview

Busy lifestyles, growing disposable income, and growing urban population prioritizing toward convenience and efficiency are expected to boost the growth of Singapore Vending Machine Market during the forecast period between 2024 and 2030.

Singapore Vending Machine Market - Industry Trends & Forecast Report, 2030

The Singapore Vending Machine Market size was estimated to be worth USD 476.22 million in 2023. During the forecast period between 2024 and 2030, the Singapore Vending Machine Market size is projected to grow at a CAGR of 6.09%, reaching a value of USD 603.17 million by 2030. Major growth factors for the Singapore Vending Machine Market include rising demand for convenience as vending machines provide 24x7 access to various products. In addition, rising technological integration, such as touch screens, interactive displays, and cashless payment systems, is projected to drive the Singapore Vending Machine Market during the period in analysis.

Singapore Vending Machine Market

Vending Machine – Overview

A vending machine is a single, automated device that delivers small-sized commodities in return for tokens or cash. Among other culinary products, it is used to dispense candies, chocolate bars, cupcakes, pizza, hot and cold beverages, and packed snacks. They also distribute tickets, newspapers, toys, and smoke. The items are put into the machine and made available for purchase throughout the day. The machine dispenses the item that matches the item number or button that the consumer selects. It also has bill and coin validators, lighting systems, refrigeration units, and computer control boards to automate the vending process and provide the consumer with an ideal experience.

Singapore Vending Machine Market

Growth Drivers

Rising Adoption of Smart Vending Machines

Smart vending machines are gaining significant traction in Singapore due to their benefits, including cashless payments and touch panels. These vending machines are integrated with advanced technologies, such as cloud-based vending management systems, modular add-on payment systems, and QR code scanning, and are capable of offering much more than food and beverages. For instance, Changi General Hospital has set up a smart vending machine that will offer pharmacy-only medicines as well as teleconsultations. The Health Sciences Authority has authorized the Pharmacy Smart Interface System. Such developments are anticipated to provide lucrative growth opportunities to the Singapore Vending Machine Market during the forecast period.

Challenges

Lack of Security for Vending Machines

High fence expenses and rising theft concerns are two key challenges that are expected to limit the expansion of the Singapore Vending Machine Market. It is anticipated that strict government regulations on the sale of junk food in public areas like schools and restrictions on the sale of potentially harmful products like cigarettes and tobacco may impede the market expansion. Further issues restricting the market for Singapore vending machines include poor operating margins, theft, and vandalism.

Singapore Vending Machine Market

Segmental Coverage

Singapore Vending Machine Market – By Type

Based on type, the Singapore Vending Machine Market is segmented into beverage vending machines, tobacco vending machines, other vending machines, and food vending machines. The beverage vending machine segment holds the largest share of the Singapore Vending Machine Market. The rising demand for coffee and other different types of beverages, such as soda, energy drinks, lemonade, and flavored drinks is driving the growth of the beverage vending machine segment. Water bottles are also available through vending machines, which further drives its market growth.

Singapore Vending Machine Market – By Technology

Based on technology, the Singapore Vending Machine Market is segmented into semi-automatic machines, smart machines, and automatic machines. The automatic vending machine segment accounts for the highest market share. This technology allows easy access to products, such as snacks and beverages, with cash or tokens and without direct human intervention in the process.

Singapore Vending Machine Market Share

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 places 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.

Recent Developments

  • In April 2024 – McDonald’s Singapore announced the launch of a burger vending machine at Plaza Singapura, the country’s main shopping street.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Product/ Service Segmentation

Type, Technology, Application

Key Players

Royal Vending Pte Ltd, Le Tach Vending Pte Ltd, JR Group, UniConnect Systems Pte Ltd, Juicy Fresh, Milano Vending Private Limited, Absolute Vending (AGPG Asia Pte Ltd)

 

By Type

  • Beverages Vending Machine

  • Tobacco Vending Machine

  • Other Vending Machine

  • Food Vending Machine

By Technology

  • Semi-Automatic Machine

  • Smart Machine

  • Automatic Machine

By Application

  • Hotels & Restaurants

  • Corporate Offices

  • Public Places

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Singapore Vending Machine Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Urbanization in Singapore
        2. Busy Lifestyles and Growing Disposable Income
        3. Growing Urban Population Prioritizes toward Convenience and Efficiency
        4. Advancements in Technology
      2. Restraints
        1. High Cost Involved
        2. Competition from Traditional Retail
      3. Opportunities
        1. Increasing Demand for Healthy and Organic Vending
        2. Increasing Integration of Cashless and Contactless Payment Systems
        3. Utilizing Data from Vending Machines on Consumer Preferences and Buying Patterns
      4. Challenges
        1. Ensuring Proper Maintenance and Hygiene of Vending Machines
        2. Singapore's Land Scarcity
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Singapore Vending Machine Market: Pricing Analysis
  5. Singapore Vending Machine Market: Marketing Strategies
  6. Singapore Vending Machine Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Type
        1. Beverages Vending Machine
        2. Tobacco Vending Machine
        3. Other Vending Machine
        4. Food Vending Machine
      2. By Technology
        1. Semi-Automatic Machine
        2. Smart Machine
        3. Automatic Machine
      3. By Application
        1. Hotels & Restaurants
        2. Corporate Offices
        3. Public Places
        4. Others
  7. Singapore Vending Machine Market: Import & Export
  8. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Singapore Vending Machine Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    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)
    1. Royal Vending Pte Ltd
    2. Le Tach Vending Pte Ltd
    3. JR Group
    4. UniConnect Systems Pte Ltd
    5. Juicy Fresh
    6. Milano Vending Private Limited
    7. Absolute Vending (AGPG Asia Pte Ltd)
    8. Other Prominent Players
  11. Key Strategic Recommendations
  12. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    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

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The Singapore Vending Machine Market size was estimated at USD 476.22 million in 2023.
Ans: The Singapore Vending Machine Market size is expected to grow at a CAGR of 6.09% during the forecast period between 2024 and 2030.
Ans: The Singapore Vending Machine Market size is forecast to reach a value of USD 603.17 million by 2030.
Ans: Major factors driving the growth of the Singapore Vending Machine Market include busy lifestyles and growing disposable income and growing urban population prioritizes toward convenience and efficiency.
Ans: Key players 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).
Ans: The public places segment holds the highest market share in the Singapore Vending Machine Market by application.
Ans: The automatic vending machine segment is expected to grow at the highest CAGR in the Singapore Vending Machine Market during the forecast period between 2024 and 2030.