Vending Machine Operators in Canada - Industry Market Research Report

Vending Machine Operators in Canada - Industry Market Research Report

Vending Machine Operators in Canada

Vending machine operators have struggled to keep pace with changing consumer tastes, resulting in contracting revenue. Downstream consumers have cut discretionary spending on many foods traditionally sold in vending machines. Most consumers that did not halt spending on these goods were more likely to acquire them from grocery stores and other retailers. Consumers' price sensitivity has persisted, limiting impulse purchases of more expensive goods at vending machines. Consumer tastes have increasingly shifted toward healthier snacks not usually stocked in vending machines. Also, the COVID-19 pandemic reduced foot traffic in many locations with vending machines, including offices, educational institutions and warehouses. Revenue is expected to slide at a CAGR of 11.2% to $289.3 million through the end of 2023, include a decline of 2.0% in 2023 alone, when profit will account for 3.4% of revenue.

The Vending Machine Operators industry in Canada comprises establishments that own, stock and service automated machines that retail merchandise, primarily confectionery, snack foods and soft drinks, but also cigarettes, newspapers and other goods. This industry does not include revenue from soft drink producers that operate their own vending machines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.