/PRNewswire/ The "India Vending Machine Market (2020-2026): Market Forecast by Product Type, by End Users, by Regions, and Competitive Landscape" report has.
India Vending Machine Market is expected to witness substantial growth of 14.9% CAGR during 2020-2026.
The 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 was decreased during 20