India Retail Vending Machine Market Size & Outlook
India retail vending machine market, 2018-2030 (US$M)
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India retail vending machine market highlights
- The India retail vending machine market generated a revenue of USD 2,114.9 million in 2023 and is expected to reach USD 5,840.0 million by 2030.
- The India market is expected to grow at a CAGR of 15.6% from 2024 to 2030.
- In terms of segment, beverage vending machines was the largest revenue generating type in 2023.
- Beauty & Personal Care Vending Machines is the most lucrative type segment registering the fastest growth during the forecast period.
Retail vending machine market data book summary
| Market revenue in 2023 | USD 2,114.9 million |
| Market revenue in 2030 | USD 5,840.0 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Beverage vending machines |
| Fastest growing segment | Beauty & Personal Care Vending Machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Vending Machines, Beverage Vending Machines, Games/Amusement Vending Machines, Tobacco Vending Machine, Candy & Confectionery Vending Machines, Beauty & Personal Care Vending Machines, Ticket Vending Machine |
| Key market players worldwide | Cantaloupe Inc, Sanden Corp, Fuji Electric Co Ltd, Azkoyen, Westomatic, Royal Vendors, Glory Global Solutions, Seaga Manufacturing, Sellmat |
Other key industry trends
- In terms of revenue, India accounted for 3.4% of the global retail vending machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan retail vending machine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,840.0 million by 2030.
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Retail Vending Machine Market Scope
Retail Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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India retail vending machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail vending machine market will help companies and investors design strategic landscapes.
Beverage vending machines was the largest segment with a revenue share of 47.71% in 2023. Horizon Databook has segmented the India retail vending machine market based on food vending machines, beverage vending machines, games/amusement vending machines, tobacco vending machine, candy & confectionery vending machines, beauty & personal care vending machines, ticket vending machine covering the revenue growth of each sub-segment from 2018 to 2030.
Vending machines are quite popular in India, especially in metro cities, where corporate offices are among the major consumers. However, they are not as popular as they are in Japan or the U.S. owing to higher chances of vandalism and theft.
According to a market survey by Daalchini in 2022, the increase in organized retailing across malls and multiplexes, BPOs, IT, and the ITES industry in India will fuel the demand for vending machines. Additionally, increased investment in public infrastructure and the development of the organized retail sector is likely to drive the vending machine market over the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the India retail vending machine market , including forecasts for subscribers. This country databook contains high-level insights into India retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India retail vending machine market size, by type, 2018-2030 (US$M)
India Retail Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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