India Vending Machine Market (2020-2026) | Size, Share, Trends, Revenue, Forecast, industry, Outlook & COVID-19 IMPACT

Market Forecast By Product Type (Beverages, Snacks, Chocolate and Candies, Tobacco & Others), By End Users (QSRShopping MallsRetail StoresOffices and InstitutionsPublic Transport & Others), By Regions (Eastern, Western, Northern, Southern) and competitive landscape

Product Code: ETC054277 Publication Date: Aug 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 68 No. of Figures: 11 No. of Tables: 2

India Vending Machine Market Competition 2023

India Vending Machine market currently, in 2023, has witnessed an HHI of 5179, Which has increased moderately as compared to the HHI of 2679 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 India Vending Machine Market Competition 2023

India Export Potential Assessment For Vending Machine Market (Values in USD Thousand)


India Export Potential Assessment For Vending Machine Market (Values in USD Thousand)

India Vending Machine Market report comprehensively covers the market by product types and by end-users. The report provides an unbiased and detailed analysis of ongoing trends, share, opportunities, high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the India Vending Machine Market

India Vending Machine Market is forecast to grow at a significant growth rate driven by rapid urbanization, changing consumer lifestyles, and increasing demand for convenience foods and beverages. Several latest developments in this market include the adoption of cashless payment methods such as mobile wallets, UPI, and contactless cards to make transactions more convenient for customers. The expansion into new locations such as airports, hospitals, and public transport stations to the growing demand for on-the-go food and beverage options. Vending machine manufacturers in India were introducing new products such as smart vending machines with facial recognition, touchscreens, and machines that dispensed fresh fruits and vegetables.

Moreover, the government of India is taking several initiatives to promote the use of vending machines. The government is offering subsidies to vending machine operators and supporting the development of vending machine infrastructure in public places. There are several growth factors for the vending machine market in India such as the increasing disposable income of the middle class in India which led to an upsurging spending power and a higher demand for convenient food options. In general, vending machines provide a convenient and accessible way for people to purchase food and beverages, without visiting traditional retail outlets. Overall, these factors are anticipated to drive the Vending Machine Market in India. 

India Vending Machine Market Synopsis

India Vending Machine Market is expected to witness robust growth over the coming years on account of the growing retail industry and rapid urbanization. The Indian retail markets have transformed from traditional shops towards new organized retail formats and the emergence of shopping malls, supermarkets, hypermarkets, and convenience stores. Vending machines were first introduced in India in the government transportation and hospitality sector to provide convenience to consumers to procure essential products even during closed hours. Currently, vending machines are mainly used in India's retail sector. The majority of the vending machines operating in the country are being installed at airports, educational institutions, railway stations, offices, hospitals, petrol stations, malls, supermarkets, and hypermarkets. Moreover, demand for vending machines decreased during 2020, on account of COVID-19 pandemic lockdowns and low public footfall in commercial and transportation complexes post lockdowns in the market. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in overall market growth.

According to 6Wresearch, India Vending Machine Market size is projected to grow at a CAGR of 14.9% during 2020-2026. The rising population, growing digitization, mobile-based cashless payment options increasing investment in the retail sector, raising awareness, and increasing consumers' purchasing power are key growth drivers of India's vending machine market. Additionally, the demand for vending machines will be primarily driven by the growth of organized retailing across malls and multiplexes, BPOs, IT, and ITES sectors in India during the forecast period. However, the vending machine's growth in India is anticipated to slow down during the first half of 2020-2021 due to the outbreak of the Covid-19 pandemic. The market is expected to recover at the beginning of 2021 in some regions in India. In other regions of India, the market is likely to recover gradually over the next few years.

India Vending Machine Market Overview

Market Analysis by Product Type

In terms of product type, India's vending machine market is categorized into beverages, snacks, chocolates and candies, etc. The snacks and beverages category together dominates India's overall vending machine market sales in 2019 due to modern-day consumers' busy lifestyles. Based on end-users, the vending machine market is segmented into QSR, shopping malls, & retail stores, offices, institutions, public transport, etc. Shopping malls and retail stores are leading the overall vending machine market sales in India.

Additionally, growing investment in public infrastructure and the organized retail sector's development would further drive the demand for India's vending machine market over the coming years. Additionally, the pharmacy outlets are also recording significant growth in revenues due to the spread of the COVID-19 pandemic, which has resulted in increased usage of vending machines across hospitals and other healthcare centres.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects

Key Highlights of the Report

  • India Vending Machine Market Overview
  • India Vending Machine Market Outlook
  • India Vending Machine Market Forecast
  • Historical Data and Forecast of India Vending Machine Market Revenues for the Period 2016-2026.
  • Historical Market Data and Forecast of Revenues, by Product Type for the Period 2016-2026.
  • Historical Market Data and Forecast of Revenues, by End-users for the Period 2016-2026.
  • Market Drivers and Restraints
  • India Vending Machine Market Trends
  • Industry Life Cycle
  • Porter's Five Force Analysis
  • Market Opportunity Assessment
  • India Vending Machine Market Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

  • Beverages
  • Snacks
  • Chocolates and Candies
  • Others

By End Users

  • QSR
  • Shopping Malls
  • Retail Stores
  • Offices and Institutions
  • Public Transport
  • Others
India Vending Machine Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The India Vending Machine Market revenue is anticipated to record a CAGR of 14.9% during 2020-2026.
Snacks and Beverages are the leading market segment in the overall market revenues in the year 2019.
Shopping malls and retail stores are expected to record key growth throughout the forecast period 2020-2026.
The key players in the market include- Automated Merchandising Systems, Azkoyen Vending Systems, American Vending Machines, Continental Vending, Evoca Group, Bulk Vending Systems, Crane Merchandising Systems Inc, Fuji Electric Co. Ltd., Sanden Holdings Corporation
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India Vending Machine Market Overview
3.1 India Vending Machine Market Revenues, 2016-2026F
3.2 India Vending Machine Market-Industry Life Cycle
3.3 India Vending Machine Market-Porter’s Five Forces
4. India Vending Machine Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. India Vending Machine Market Trends
6. India Vending Machine Market Overview, By Product Type
6.1 India Vending Machine Market Revenue, By Product Type
6.2 India Vending Machine Market Revenues, By Product Type, 2016-2026F
6.2.1 India Vending Machine Market Revenues, By Beverages, 2016-2026F
6.2.2 India Vending Machine Market Revenues, By Snacks, 2016-2026F
6.2.3 India Vending Machine Market Revenues, By Chocolate and Candies, 2016-2026F
6.2.4 India Vending Machine Market Revenues, By Others, 2016-2026F
7. India Vending Machine Market Overview, By End Users
7.1 India Vending Machine Market Revenue Share, By End Users
7.2 India Vending Machine Market Revenues, By End Users, 2016-2026F
7.2.1 India Vending Machine Market Revenues, By QSR, 2016-2026F
7.2.2 India Vending Machine Market Revenues, By Shopping Malls, 2016-2026F
7.2.3 India Vending Machine Market Revenues, By Retail Stores, 2016-2026F
7.2.4 India Vending Machine Market Revenues, By Offices and Institutions, 2016-2026F
7.2.5 India Vending Machine Market Revenues, By Public Transport, 2016-2026F
7.2.6 India Vending Machine Market Revenues, By Others, 2016-2026F
8. India Vending Machine Market Key Performance Indicators
9. India Vending Machine Market Opportunity Assessment
9.1 India Vending Machine Market, Opportunity Assessment, By Product Type, 2026F
9.2 India Vending Machine Market, Opportunity Assessment, By End Users, 2026F
10. India Vending Machine Market Competitive Landscape
10.1 India Vending Machine Market Revenue Share, By Company, 2019
10.2 India Vending Machine Market Competitive Benchmarking
10.2.1 India Vending Machine Market Competitive Benchmarking, By Technical Parameters
10.2.2 India Vending Machine Market Competitive Benchmarking, By Operating Parameters
11. Company Profiles
11.1 Automated Merchandising Systems
11.2 Azkoyen Vending Systems
11.3 American Vending Machines
11.4 Continental Vending
11.5 Evoca Group
11.6 Evoca Group
11.7 Bulk Vending Systems
11.8 Crane Merchandising Systems Inc
11.9 Fuji Electric Co. Ltd.
11.10 Sanden Holdings Corporation
12. Key Strategic Recommendations
13. Disclaimer
List of Figures
1. India Vending Machine Market Revenues, 2016-2026F ($ Million)
2. Percentage of Indian population using Internet
3. Purchasing Power Parity of India (Local Currency Unit per USD)
4. GDP Per Capita of India 2018-2025 (US$)
5. India Vending Machine Market Revenue Share, By Product Type, 2019 & 2026F
6. India Vending Machine Market Revenue Share, By End Users, 2019 & 2026F
7. Total Number of Employees in Indian Retail (in Million)
8. India’s Retail Selling Space (in Million Square Meters)
9. India Vending Machine Market Opportunity Assessment, By Product Type, 2026F
10. India Vending Machine Market Opportunity Assessment, By End Users, 2026F
11. India Vending Machine Market Revenue Share, By Companies, 2019
List of Tables
1. India Vending Machine Market Revenues, By Product Type, 2016-2026F ($ Million)
2. India Vending Machine Market Revenues, By End Users, 2016-2026F ($ Million)
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