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
By technology, the market is divided into automatic and manual. Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles. On the basis of component type, the market has been classified into electric compressors, heat exchanging equipment, expansion valves, and receiver-drier. By region, the market has been grouped into North America, Europe, Asia Pacific, and the Rest of the World.
Sanden Holdings Commences Automated Production of Electric Compressors
In January 2021, Japan-based Sanden Holdings Corporation announced the commencement of automated mass production of electric compressors at its Gunma plant to support advancements in electric vehicle HVAC technologies. The plant has an annual production capacity of 750,000 units and the company has managed to achieve 75% automation on this assembly line. The new automated systems are also equipped to perform sophisticated quality control operations, such as image analysis and image detection using 3D
Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Automotive Thermal System Global Retrospective Market
Scenario in US$ Million by Region/Country: 2012-2019
Table 3: Automotive Thermal System Market Share Shift across
Key Geographies Worldwide: 2012 VS 2020 VS 2027
Table 4: Compressor (Segment) World Market by Region/Country in
US$ Million: 2020 to 2027
Table 5: Compressor (Segment) Historic Market Analysis by
Region/Country in US$ Million: 2012 to 2019
Table 6: Compressor (Segment) Market Share Breakdown of
Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
Table 7: HVAC (Segment) Potential Growth Markets Worldwide in
US$ Million: 2020 to 2027
Table 8: HVAC (Segment) Historic Market Perspective by
Region/Country in US$ Million: 2012 to 2019
Table 9: HVAC (Segment) Market Sales Breakdown by