Present Scenario of Vending Industry

Although vending machines have been in existence for quite sometime, this industry had a very tough time during 1990’s. Inflation in 1990 affected this industry adversely. The convenience of getting merchandise in return to depositing coins disappeared as prices of products skyrocketed.

Manufacturers reacted to this problem in two different ways- introduction of debit cards and dollar bill acceptors. Debit cards were first introduced in 1985 and this eliminated the need to carry cash. Merchandise dollar bill acceptors also gained popularity by late 1990’s.

Besides these significant changes took place in vending industry due to changes in the society and technological advancements. Several new machines were developed during this time which was capable of vending food of high quality. More emphasis was laid on hot, nutritious foods and hence manufacturers began producing machines that dispense items such as French fries, fresh pizza and many more microwaveable frozen items.

Other trends in 1990’s include increased use of plastic beverage bottles in vending machines. The main reasons for this being sudden switch of soft drink makers towards large bottles for dispensing through vending machines. Other innovations during this period include coupon, debits and credit card accepted machines. Glass front vending machines showcasing drinks and branded products also gained popularity during this period.

Another most significant issue that affected vending industry during 1990’s was introduction of new currency. All these factors helped vending industry to gain popularity across the globe. However, it was observed that obsession towards vending machines was maximum in US. Off all the countries maximum utilisation of vending machines is observed in US alone.

Towards the end of 1900, vending machine industry entered a completely new era. As a result smart and full service vending machines capable of holding variety of products and performing various chores were developed. Thus variety of automatically vended products grew up and specifically designed items for vending machines like microwave popcorn etc made its first appearance. All these developments further enhanced the quality of services rendered to customers.

Thus vending industry seems to skyrocket least affect by recession and other economic downturns. If you are looking to start your own vending business, starting with Planet Antares is recommended because of the experience they have and the trust factor associated with their service.