Vending machine market in India is
still at a nascent stage and is expected to witness dynamic growth in the near
future. The market will be boosted by the increasing consumerism coupled with
changing lifestyle, resulting in increased demand for vending machines.
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, along with growth in annual installations of vending machines
across major segments and the potential market for vending machines. Hot
beverage vending machine segment accounts for the largest share of the market.
Only a small fraction of the potential vending machine market in India has been
tapped, indicating a huge scope for growth.
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contents, visit: http://www.marketresearchreports.biz/analysis-details/vending-machine-market-in-india-2012
The report provides detailed
information about the exports and imports of vending machines under specific HS
code in terms of value and volume. It provides country-wise export-import data
along with share of export-import across various vending products for the year
2011-12.
Factors driving the growth of
vending machine market in India are also explained in detail. Increasing
consumerism coupled with growing organized retail stimulates the demand for
more vending machines across the country. India is one of the most lucrative
consumer markets in the world with about one sixth of the global population.
FMCG sector is one the major factors influencing the growth of the vending machine
market. Growing urbanization and corporate culture provides opportunity for
vending machine installations. Improved technology and new applications has
facilitated the market to grow further. Changing needs and preferences arising
from a modified lifestyle enables the players to increase their domestic
customer base.
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