Press release
Saudi Arabia Vending Machine Market Projected to Reach USD 285.6 Million by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 198.6 Million
Market Forecast in 2033: USD 285.6 Million
Market Growth Rate 2025-2033: 4.12%
Saudi Arabia Vending Machine Market Overview
The vending machine market in Saudi Arabia is growing. This is due to more tourists and hotels, help from the government, and more people using card or phone payments. These changes fit with Vision 2030 plans to make things easier for visitors and to increase digital payments in busy places.
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Saudi Arabia Vending Machine Market Trends and Drivers
Expansion of Tourism and Hospitality Sector:
Saudi Arabia's booming tourism sector, boosted by Vision 2030 and big plans like NEOM and the Red Sea Project, is creating a demand for vending machines. As the Kingdom grows as a travel hot spot, visitors increasingly need quick access to services. Vending machines in busy spots like tourist areas, hotels, airports, and fun places offer simple ways to get snacks, drinks, and basic items, meeting the needs of travelers.
Also, with more global events and meetings in Saudi Arabia, vending machines are needed in public areas, exhibition halls, and transport hubs. This ties into Saudi Arabia's aim to draw more visitors, pushing the vending machine market forward. Government support helps this growth too. For example, the Saudi Government eases the way into the tourism game with moves like the Tourism Investment Enabler Program (TIEP), started in March 2024, which cut the time to get a tourism business license to just five days.
Adoption of Cashless Payment Systems:
As more people use smartphones and digital wallets for shopping, vending machines now take cards, mobile wallets, and touch-pay options. This move to fewer cash payments fits with Saudi Arabia's Vision 2030. This plan works on making payments simpler for all and cutting down on cash use.
Saudi Arabia Vending Machine Market Segmentation
1. By Type
• Beverages
• Snacks
• Combination
• Others
2. By Technology
• Automatic
• Semi-Automatic
• Smart Vending Machines
3. By Payment Mode
• Cash
• Cashless
4. By Application
• Hotels and Restaurants
• Corporate Offices
• Public Places
• Others
5. By Region
• Central Region
• Western Region
• Eastern Region
• Southern Region
• Northern Region
Browse Full Report with TOC & List of Figure:
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Saudi Arabia Vending Machine Market News
March 2024: The Saudi Government launched the Tourism Investment Enabler Program (TIEP), simplifying the licensing procedure for tourism businesses to just 5 days. This initiative aims to boost the tourism sector, indirectly supporting the growth of vending machine installations in tourist-centric areas.
January 2025: A leading vending machine operator in Saudi Arabia announced the deployment of smart vending machines equipped with AI-driven inventory management and multilingual interfaces to cater to the diverse tourist population.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=32207&flag=E
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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