The new advanced Vending Machine is an automated machine that delivers various products like beverages, snacks, lottery tickets, accessories, etc. to the consumer with cashless payment methods. These types of vending machines have gained popularity around the world, especially due to the convenience it offers to the customers and also benefits to the operator. Vending machines have full control over the purchases and further eliminate the intervention of middlemen in the supply chain; making the products directly available to the customers.

Vending machines are witnessing positive growth in the market owing to the increased disposable income of people, technological innovations, urbanization, advancing lifestyle, busy day schedules, increased preference of cashless transactions, consumers looking for convenient options, etc.

Moreover, vending machines offer advantages to the customers by making the buying process easy, providing hassle-free shopping experience, remembering the preferences of buyers, providing 24 hours availability of goods depending on location, eliminating face to face interaction, and so on.

A few of the trends witnessed in this industry include the integration of big data & IoT, Facial recognition technologies, growing demand for retrofitting, the cashless economy. Consumers directing healthy food options like vegan and gluten-free products.

The market for Vending machines can be segmented based on:
• Products: Beverages, Snacks, Fruits & Vegetables, Medicinal products, Beauty and Cosmetics, Clothing, Accessories, Electronics, etc.
• Location: University campuses, Public transport, Shopping malls, Corporate houses, Restaurants, etc.

The global market for Vending Machine is valued to be $15.5 in the year 2020 and projected to grow at a CAGR of 16% year-on-year showing a good market potential.

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What I will get from these reports?

• It will give you a brief idea about Vending Machine Business.
• It will give you knowledge on technical, commercial aspects of Vending Machine Business.
• It will give you the information required budget, daily expenses and profitability.
• It will provide you market-related information.

Key questions answered in the report: -

• What is the feasibility of starting Vending Machine Business in India?
• What are the most important affecting factors for Vending Machine Business?
• Which are the high growth market segments in Vending Machine Business?
• With what capacity per day one should start?
• What are the requirements for starting Vending Machine Business?
• What will be the budget for “xx” unit daily capacity?
• How to minimize the operating cost?
• What are the market forecasts and estimates from the period 2020-2023?
• What are the major drivers, trends, restrains, threats, and opportunities in the Industry?
• Who are the major players in the Vending Machine Business?
• How to get loan or raise funds?
• How to operate the business?

All these and many more questions will be answered in these reports with detailed information.

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