## Tuesday, October 6, 2020

### The economics of vending machines

https://thehustle.co/the-economics-of-vending-machines/

It is estimated that roughly ⅓ of the world’s ~15m vending machines are located in the US.

Of these 5m US-based vending machines, ~2m are currently in operation, collectively bringing in $7.4B in annual revenue for those who own them. This means that the average American adult spends ~$35 per year on vending machine items.

What makes the vending industry truly unique is its stratification: The landscape is composed of thousands of small-time independent operators — and no single entity owns >5% of the market.