Vending Machine Market in India 2011
Author: prbharatbook | Posted: 11.06.2012The annual vending machine production in India will grow strongly over the next few years, with the number of such machines produced annually expected to reach 12,500 by 2013. Sale of goods and services through vending machines are pegged to be worth INR 48 bn by 2012. Both sales of vending machines, and goods and services sold through these machines are expected to develop strongly in the next five years.
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The report begins with an introduction to vending machines and its operational model. Vending machines follows a simple mechanism including product selection, payment modes, article dispensing and vending feedback.
This section is followed by the market overview section which begins with an insight into the overall vending machine market in India, growth in annual production and the potential market for vending machines. Only a small fraction of the potential vending machine market in India has been tapped, indicating a huge scope for growth of this market. Vending machine market in India is expected to grow strongly in the near future. The business model for vending machines has also been covered. It further delves into the various types of vending applications and includes details of hot beverages vending machines, box vending machines, snacks and beverages vending machines, coin/ currency vending machines and ticket vending machines. Additionally, sub-segments of vending machines have been included as well as their installed location and future outlook
Exports and imports of this sector have been highlighted, which throws light on the various types of vending products that are traded internationally. This section includes an overview of export-import of such machines, the growth in their total value, the countrywise segmentation and the share of exports-imports across various vending products.
An analysis of the drivers and challenges explains the factors leading to the growth of the market including increasing consumerism, growth in organised retail, growing urbanization and corporate culture, improved technology and new applications and changing lifestyle. Strong opportunity exists in the market as increasing disposable income and higher consumption pattern drive the demand for such machines. This coupled with the fact that organized retail space and urbanization in India is growing will lead to a developing market. Additionally, corporate culture and changing lifestyle of people in India will help to stimulate growth in this market. The key challenges identified are payment mechanism and maintenance, availability of cheap labour and consumer perception. Poor payment gateways and lack of adequate maintenance of vending machines deter the growth of this market. Varying perceptions of consumers regarding the use of vending machines also acts as a major bottleneck. Industry Analysis
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Vending Machine Market in India 2011
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Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.
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