The global market for Vending Machines estimated at US$134.4 Billion in the year 2020, is projected to reach a revised size of US$146.6 Billion by 2027, growing at a CAGR of 1.3% over the analysis period 2020-2027.

Growth Factors

• Rise of cashless payment options
• Rise of cashless payment options
• Technological advancements in vending machine interactions
• Growing use of self-service technology
• Increased consumer spending power
• Growing demand for the Internet of Things (IoT)
• Adoption of cloud computing-enabled vending machines
• High potential target locations for vending machines

Segmental Overview Automatic Vending Machines By Type

By Type

• Packaged Food
• Beverages
• Other Types

By Application

• Commercial Places
• Corporate Offices
• Others (Amusement Parks, Sports Venues, Healthcare Facilities, Transport Facilities, etc.)

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

ASIA – PACIFIC REGION

• Fast-growing commercial and corporate sector creating opportunities
• Changing lifestyles and urbanization driving demand for Ready-to-Eat meals
• Asia witnessing rural residents moving to cities
• China aiming to raise urbanization rate to 65% in 14th Five-Year Plan
• Growth of ICT sector driving demand for office spaces in India, the Philippines, and China
• Indian IT industry’s revenue expected to increase to USD 227 billion in FY22 from USD 196 billion in FY21 (source: Nasscom)

Indian Vending Machine Market Scope

India has more than 65 lakh potential locations in more than 500 Indian locations where a vending machine can be installed.

• 40K hospitals
• 555K workplaces
• 249k factories
• 113k public places
• 630K residentials
• 220k ATM locations