Why is the price of domestic vending machines getting lower and lower?

The Vending Machine has become more and more popular in the past ten years, and can be contacted in all aspects of life. With the rise of the new retail concept and the development of domestic vending machine manufacturers, the price of domestic vending machines has become lower and lower, but the functions are more and more! Why is this? The following factors may help you find the answer
1. Cost of making machine
In terms of the cost of the machine itself, it can be divided into four categories: site cost, labor cost, material cost and logistics cost

In terms of labor cost, it is mainly the cost input of workers. The production of each machine requires a certain amount of labor maintenance. The site cost, in short, is the rent of the factory. Generally speaking, the rent of large factory buildings is not cheap: the cost of materials is involved in the cost of each machine, whether it is the main board, the receipt of cash, the display screen, etc., which is also the main cost input of the machine body; The logistics cost is basically borne by the family at present, and the buyer does not need to care about the cost.

The reduction of the selling price has a great relationship with the cost of the machinery. Because of the popularity of vending machines, the industry has gradually standardized, and the efficiency of materials and manpower input has been greatly improved, and the cost has been reduced, resulting in lower prices.
2. The pressure of competition has been booming since the beginning of the year. Vending machine manufacturers have sprung up like mushrooms. At present, the number of manufacturers across the country has increased sharply. There has also been some vicious competition in price, but at present, the main approach is to introduce simple machines without affecting profits, in order to reduce the price and increase sales. Strictly speaking, competition has not brought about substantial price reduction, but promoted the birth of more economic machines.
From the cost analysis, it can be concluded that the price of domestic vending machines is determined according to the cost, and each manufacturer needs to consider its own living space. Therefore, it is almost impossible to reduce the price significantly. After all, the reduction of machine manufacturing costs is limited. Operators can only choose lighter and simpler machines to reduce costs.