Increasing Consumerism to Drive Vending Machine Market in India09 Nov 2011 • by Natalie Aster
Mumbai, India – Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of the report “Vending Machine Market in India 2011”. Vending machine market in India is still at a nascent stage and is expected to witness dynamic growth in the near future. Vending of services, which is a fairly new concept, is also likely to increase its share in the business with time. A large portion of the market is still untapped, leaving a huge scope for growth. Changing lifestyle and increasing consumerism is expected to increase the demand for vending machines in India.
Vending Machine Market in India 2011
Published: November 2011
Price: US$ 400.00
The 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.
Country-wise Exports (200-)
Share of Exports (200-)
- Increasing consumerism;
- Growth in organised retail;
- Growing urbanization and corporate culture;
- Improved technology and new applications;
- Changing lifestyle.
- Payment mechanism and maintenance;
- Availability of cheap labour;
- Consumer perception.
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