India Intelligent Vending Machines Market Size & Outlook
The intelligent vending machines market in India is expected to reach a projected revenue of US$ 1,853.5 million by 2030. A compound annual growth rate of 17.9% is expected of India intelligent vending machines market from 2023 to 2030.
Revenue, 2022 (US$M)
$497.9
Forecast, 2030 (US$M)
$1,853.5
CAGR, 2023 - 2030
17.9%
Report Coverage
India
India Intelligent Vending Machines Market, 2018-2030 (US$M)
Global Market
Related Markets
India intelligent vending machines market highlights
- The India intelligent vending machines market generated a revenue of USD 497.9 million in 2022 and is expected to reach USD 1,853.5 million by 2030.
- The India market is expected to grow at a CAGR of 17.9% from 2023 to 2030.
- In terms of segment, food (food, candy, icream & frozen) was the largest revenue generating product category in 2022.
- Snacks is the most lucrative product category segment registering the fastest growth during the forecast period.
Intelligent vending machines market data book summary
| Market revenue in 2022 | USD 497.9 million |
| Market revenue in 2030 | USD 1,853.5 million |
| Growth rate | 17.9% (CAGR from 2022 to 2030) |
| Largest segment | Food (food, candy, icream & frozen) |
| Fastest growing segment | Snacks |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beverages (Cold & Hot), Snacks, Food (Food, Candy, Icream & Frozen), Confections |
| Key market players worldwide | Crane Co, Seagate Technology Holdings PLC, Sanden Corp, Royal Vendors, Advantech, Azkoyen, Fas International, Bianchi Vending, Rheavendors Servomat, N&W Global Vending S.p.A., Westomatic, Jofemar SA |
Other key industry trends
- In terms of revenue, India accounted for 2.4% of the global intelligent vending machines market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China intelligent vending machines 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 1,853.5 million by 2030.
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Intelligent Vending Machines Market Scope
Intelligent Vending Machines Market segmentation & scope
Intelligent Vending Machines Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Crane Co | View profile | 7,300 | 100 First Stamford Place, Stamford, CT, United States, 06902 | www.craneco.com |
| Seagate Technology Holdings PLC | View profile | 33,400 | 38/39 Fitzwilliam Square, Dublin, Ireland, D02 NX53 | www.seagate.com |
| Sanden Corp | View profile | 7,873 | 20 Kotobuki-cho, Gunma, Isesaki, Japan, 372-8502 | www.sanden.co.jp |
| Royal Vendors | View profile | 251-500 | Kearneysville, West Virginia, United States, North America | royalvendors.com |
| Advantech | View profile | 5001-10000 | Taipei, T'ai-pei, Taiwan, Asia | www.advantech.com |
| Azkoyen | View profile | 501-1000 | Navarrés, Comunidad Valenciana, Spain, Europe | www.azkoyen.com/ |
| Fas International | View profile | 51-100 | Schio, Veneto, Italy, Europe | www.fas.it |
| Bianchi Vending | View profile | 1-10 | Bergamo, Lombardia, Italy, Europe | www.bianchivending.com/ |
| Rheavendors Servomat | View profile | 11-50 | Beimerstetten, Baden-Wurttemberg, Germany, Europe | www.rv-servomat.de |
| N&W Global Vending S.p.A. | View profile | 251-500 | Bergamo, Lombardia, Italy, Europe | www.nwglobalvending.com/ |
India Intelligent Vending Machines 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 Intelligent Vending Machines Market Outlook will help companies and investors design strategic landscapes.
Food (Food, Candy, Icream & Frozen) was the largest segment with a revenue share of 34.89% in 2022.
Horizon Databook has segmented the India intelligent vending machines market based on beverages (cold & hot), snacks, food (food, candy, icream & frozen), confections covering the revenue growth of each sub-segment from 2018 to 2030.
- India Intelligent Vending Machines Market Product Category Outlook (Revenue, USD Million , 2018-2030)
- Beverages (Cold & Hot)
- Snacks
- Food (Food, Candy, Icream & Frozen)
- Confections
- Others
- India Intelligent Vending Machines Market Application Outlook (Revenue, USD Million , 2018-2030)
- Manufacturing
- Offices
- Commercial Malls & Retail Stores
- Educational institutes
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Intelligent Vending Machines Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Intelligent Vending Machines Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Intelligent Vending Machines Market, 2018-2030 (US$M)
India intelligent vending machines market statistics, by product category, 2018-2030 (US$M)
