Vending Machine - Market Analysis

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

According to reports by Research and Market and 6W Research, India’s Vending Machine Market is expected to witness substantial growth of 14.9% CAGR from 2020 to 2026.

Who we are?

We are India's first vending machine Merchandise, dealing with manufacturing, rental, retail, wholesale, and franchise model.
We have more than 6K vending machines installed worldwide. We are the first company to develop stationary, PPE, medical, and lightweight vending machines in 2015-16.