Electrical Engineering and Electronics Industry in Latvia

2022 ASIA VENDING & SMART RETAIL EXPO

Type: 
Exhibition
Industry: 
MANUFACTURING
27 Manufacture of electrical equipment
28 Manufacture of machinery and equipment n.e.c.
Date: 
19.02.2022 to 21.02.2022
Country: 
China
Venue: 
China Import and Export Fair Complex
Organizer: 
Guangdong Grandeur International Exhibition Group
Phone: 
+86-15913593827
E-mail: 
gbe [at] grandeurhk.com
Contact person: 
Candice Li
Description: 

China to Drive Global Vending & Smart Retail Market Growth

On the Vending Front

With 100-200 thousand new equipment added to the market yearly, there will be 2.08 million vending machines in use across China in 2025. The global vending market is estimated to grow from 40.5 billion yuan in 2019 to 49.6 billion yuan in 2026, at a CAGR of 2.9%.

On the Smart Retail Front

2017-2019, the CAGR of China’s smart retail market was as high as 115%, and the market is projected to surpass 1800 billion yuan by 2022. With a CAGR hovering at 24.12% from 2019 to 2024, It’s been estimated that the global smart retail market will increase to 38.5 billion dollars in 2023.

Review of VRE 2021

Gathering 700 exhibitors on a record 50,000 sq.m show floor, throughout the hectic three days, the show counted over 100,000 visits. Not expecting so huge a crowd, many exhibitors ran out of product catalogs on the second day and gaily announced that they would be more prepared next year.

Preview of VRE 2022

As one of the biggest and most influential vending shows in Asia, VMF is the ideal platform to grab post-pandemic business opportunities in the region! To secure the best locations for 2022, many exhibitors have reserved their exhibit space soon after the show. Attending almost every edition, TCN booked another 360 sq.m for next year, following YoPoint, which booked 450 sq.m space, probably the biggest booth next year. Taking advantage of a combined resources of up to 400 media partners,   immense worldwide exposure will be generated for our exhibitors!

Exhibition Scope

  • Vending Machines & Self-service Kiosks
  • Micro Market/Unmanned Stores
  • Payment Solutions
  • Office Coffee Services
  • Vending Items
  • Vending Machine Parts & Accessories
  • Logistics & Cold Chain for Perishable Vending Items
  • Vending Machines Management & Operation; etc.

 

For more information visit the given web-page.