China Vending Industry News Flash

According to the report by Research And Markets, the Asia Pacific Vending Machine Market is expected to witness market growth of 17.6% CAGR during the forecast period (2017-2023). Developing countries have adopted vending machines which are very convenient to use. Vending machine technology continues to provide latest advancements like face recognition systems, ID card identification to check the buying history of customers, thereby ushering an era of technologically advanced vending machines. The major countries in Asia-Pacific region include China, Japan, Taiwan, Singapore and others ASEAN region. The adoption rate of self-services technology in these region is notably high, owing to technological advancements and emergence of new business models.

VMF 2020 Newsflash