Thailand is one of the fastest-growing retail industries in Southeast Asia. The booming tourism industry is driving the rapid development of the retail industry. As the type of shopping malls gradually become diversified, small and medium-sized community shopping centers and shopping malls for leisure and fashion spring up quickly in Thailand's retail industry, with an increase of 2,000 by 2020.
Like China, Southeast Asia is enjoying higher standards of living thanks to economic development, which in turn is leading to more diverse consumer preferences in the beverage industry. With the cost of labor rising as well, vending machines are increasingly coming to the fore as a beverage sales channel.
Fuji Electric is in the process of having its subsidiaries in Thailand and Singapore roll out sales and marketing activities for the purpose of expanding its vending machine business in the Southeast Asian market. The company began assembling and producing beverage and food vending machines at its Thai production subsidiary in July 2014, going on to establish a vending machine operation company in Thailand in June of 2016 in order to further develop the vending machine market.
Now, with Kubota withdrawing from the vending machine business, Fuji Electric intends to expand its activities in this sector by reinforcing its foundations in Southeast Asia through the acquisition of PTMS.Besides,it is reported that some excellent Chinese vending machine manufacturers such as Zhongji and Xingyuan have began to explore southeast Asian markets while Thailand becomes their first target.
It’s reported that as early as July 2017, Alipay has already entered into vending machines in Bangkok, Nonthaburi and Pattaya. The most popular science spots in Thailand among Chinese tourists are equipped with 24 vending machines that support Alipay payment. When tourists purchase food and drinks, they only need to present the QR code on the Alipay scanning vending machine to pay; Within the next three years,these vending machines will increase to 500.
KASIKORNBANK (KBank, Kaitai Bank), Thailand’s leading banking group, recently posted on the official website that the bank has set up cooperation with Alipay, Thai retail business company and SUN 108 Co., Ltd., an operator of vending machines to launch these vending machines, which are expected to provide services for 9.8 million Chinese tourists this year.
General manager of SUN 108 Vathit Chokwatana claimed that the most popular tourist attractions in Thailand such as Bangkok, Nonthaburi, and the central shopping mall in Pattaya are equipped with vending machines that support Alipay.
Therefore, Thailand is expected to become Asia's most dynamic and potential self-service vending industry market after China!
As the organizer of Asia's most successful Vending machine & self-service trade fair, Guangdong Grandeur International Exhibition Group is going to hold another vending machine exhibition with our previously successful experience in Thailand,with the aim to create the largest and most professional self-service vending expo in Southeast Asia.
Thailand IMPACT Exhibition Management Co., Ltd.,the partner of this exhibition, is not only the owner the IMPACT exhibition center, which is one of the largest and most advanced convention and exhibition centers in Asia, but also the organizer of the fifth ASEAN Retail Show (RetailEX 2018).
Taking the advantage of the ASEAN Retail Show, Impact has maintained a good relationship with many hotels, shopping centers, supermarkets, department stores, fast moving consumer goods and other industries.Cooperating with Impcat,Guangdong Grandeur tends to create a new record in Southeast Asia's self-service industry.
So far, the exhibition has attracted some well-known international brands, such as Visa, VISAO LED BIGHIPE, QuickFrame system, PSPN SPD Retail, Spot online furnmetto GETCOK Retail, etc. The summit forum organized by the Thailand Retail Association and the Asia-Pacific Federation of Self-selling Industries was held at the same time. Let the participants have a glimpse of the future self-selling industry and the new retail market in Southeast Asia!