Today: February 10, 2016, 2:02 pm

China vending market: 8% CAGR growth forecast between 2012-17
Vending in China - a new market research report on 2014-03-11 04:30:03
Formerly known as Tianjin Nankai Guard Group Co Ltd, Guard Group Co Ltd takes the lead in the China vending market, with a value share of nearly 12% in 2012. Guard Group was among the first companies to introduce vending into China, through both the production and operation of vending machines in the country. Years of operation in this category have enabled Guard Group to forge an effectively running supply chain for vending, covering manufacturing, service provision and operation solution provision.

Vending represents a very insignificant portion of total retailing in China, of rather less than 1% in 2012. Vending has been facing fierce competition from other retailing formats, in particular convenience stores. Convenience stores provide a convenient place for impulse purchases, such as soft drinks, hot drinks and snack food. In addition, many convenience stores offer 24-hour business operation, hence consumers can make purchases at any time.

In spite of the small customer base, vending is expected to maintain its steady growth pace over the forecast period, with a CAGR of 8% in constant value terms between 2012 and 2017. Store-based retailing formats, such as supermarkets/hypermarkets and convenience stores, can meet consumers´ rising demand in China. Business hours for such retailing formats are quite long, particularly convenience stores, with some running 24 hours a day and seven days a week. In addition, the personal service in these store-based retailing formats may also put vending in the shade. Overall, the intensified competition from other retailing formats is expected to lead to the only moderate growth of vending in China over the forecast period.

Click for report details: ..

Browse all Retail Market Research Reports ..

Browse all Retail Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 456 Words
Related Articles
More From Finance Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]
The Experts at Explain How to [..]
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.