India Vending Machine Market Assessment, By Product Type [Food, Beverages, Chocolates and Candies, Tobacco, Others], By Technology [Automatic, Smart, Manual], By Payment Type [Cash-based, Cashless], By Application [Hotels and Restaurants, Shopping Malls and Metro Stations, Corporate Offices, Educational Institutions, Others], By Region, Opportunities and Forecast, FY2018-FY2032F

India vending machine market is projected to witness a CAGR of 14.71% during the forecast period FY2025-FY2032, growing from USD 150.60 million in FY2024 to USD 451.50 million in FY2032. 

India Vending Machine Market Size, Share, Growth Forecast 2032

India Vending Machine Market is projected to witness a CAGR of 14.71% during the forecast period FY2025-FY2032, growing from USD 150.60 million in FY2024 to USD 451.50 million in FY2032. The market is registering smooth growth due to increasing urbanization, changing consumer lifestyles, and a growing preference for automated retailing. The increasing demand for convenience products, which can be purchased at any time, day, or night, from locations like metro stations, airports, and corporate offices to commercial spaces, has made vending machines a good opportunity for a fast and contactless transaction.
Market growth is being further fueled by the increased adoption of digital payments, especially UPI and mobile wallets, bypassing limitations on cash-handling. Moreover, the recent advances in IoT and AI integration have developed smart vending solutions for remote monitoring, real-time inventory management, and personalized recommendations, thereby improving user experience and operational efficiency.
Companies have started investing in vending machines to reduce reliance on manual labor and ensure easy availability of goods. Healthy food options and sustainable vending solutions are also emerging trends aligned with shifting customer preferences. With the advancement of smart city initiatives and digital infrastructure development, the vending machine industry in India is likely to witness profound growth in the coming decades.
In October 2024, Bharat Sanchar Nigam Limited (BSNL), the government-backed telecom company, partnered with Intense Technologies Limited and Mantra Softech (India) Pvt. Ltd. (Moreze), which is an interactive kiosk manufacturing company, to launch SIM vending kiosk, similar to ATMs. These machines allow users to obtain SIM cards anytime using the vending machine and the BSNL Self Care app. The machines are available in places such as airports and railway stations, where people can access them more easily.
Growing Retail Automation Catalyzes Market Expansion
In India, the most significant driving force behind the vending machine market is that stores increasingly integrate retail automation into their store operations. These contactless vending machines reduce the cost associated with catering to consumers through technology-driven solutions. Smart features like inventory management integrated with AI, digital payment systems, and real-time data analytics make all operations more convenient and efficient.
With the growing number of cities and changing lifestyles, automated retail solutions are becoming increasingly popular in office premises, metro stations, airports, and shopping malls. The 24-hour availability and self-service demand further expedite market growth. Moreover, IoT has advanced to enable remote monitoring for a continuous stock-replenishment and maintenance drive. The cashless transactions through UPI and mobile wallets add to the potential of the marketplace. Companies are increasingly adopting automation with improved efficiency and scarce reliance on labor, making vending machine market show growth prospects in the years to come.
In November 2024, Bummer, a D2C innerwear brand by Ballr Apparels Pvt. Ltd., introduced India&rsquo;s first-ever vending machine designed for innerwear shopping. With user-friendly interfaces, the customers can select and buy a pair of innerwear with utmost ease using these vending machines. The packaging is made convenient and travel-friendly so that travelers may carry their purchases in their bags without much hassle. Apart from the easy-to-use setup, the vending machines allow payment through UPI, making purchases quick and convenient.
24/7 Accessibility Spurs Market Growth
The ever-increasing demand for 24/7 services is driving the growth of the vending machine industry in India. Consumers constantly look for convenient solutions for food, beverages, and other essential products. Hence, vending machines are favorable in high-traffic locations like metro stations, airports, office complexes, and hospitals. Unlike traditional retail outlets, vending machines are unattended and, therefore, allow for anytime access to the product. This adds to customer convenience and helps in keeping operational costs down for the businesses.
Furthermore, quick and smooth transactions offered by digital payment systems such as UPI, mobile wallets, and contactless cards are made possible using these vending machines. In addition, automated inventory management and real-time monitoring help in maintaining constant availability without stockouts, thus enhancing user experience. Vending solutions are gaining prominence among businesses and property developers as urbanization and busy lifestyles increase demand for shopping on the go, further driving the sustained growth of India vending machine market.
In February 2025, Bharat Petroleum Corporation Limited (BPCL) introduced its latest initiative, BHARATGAS INSTA, an IoT and AI-enabled smart vending machine for LPG. The machine provides continuous access to LPG cylinders with no manual involvement. It comes with sensors that detect gas leak, motion, smoke and vibration, providing maximum security.
Cashless Segment Gaining Dominance
The rise of cashless alternatives is quickly gaining traction in India vending machine industry owing to the increasing penetration of digital payments. In the wake of ever-increasing penetration of smartphones and government promotion of a cashless economy, consumers are choosing vending machines that offer payment options such as UPI, mobile wallets, or contactless card payments. These systems not only speed up the transaction process but also secure and ease cash management without the need for exact change while reducing machine maintenance, which otherwise involves cash handling.
Also, with the help of such measures, businesses can track sales on a real-time basis while reconciling accounts with automated software, thereby greatly enhancing the overall efficiency of business operations. The trend of vending machines incorporating IoT features is gaining traction as it allows consumers a very smooth transaction flow, including complete digital payments and remote monitoring. With an increasing number of tech-savvy customers, cashless vending solutions have been increasingly preferred by high-footfall sites such as metro stations, airports, corporate offices, and shopping malls. Digital payments are shaping consumer behavior, leading to an increase in demand for cashless vending machines, and solidifying their dominance in the Indian market.
In December 2024, vending machine for 'laddu prasad' was inaugurated at the Mahakal temple in Ujjain, in presence of union health minister and chief minister. The devotees can use QR codes to buy laddus to ensure smooth cashless transaction and get the laddu packets from the machine after the completion of online payment. They can get packets of laddus weighing 100 g, 200 g, or 500 g through this machine.
South Region Dominates Geographically
The South region of India dominates the vending machine market because of the brisk urbanization taking place in the region, coupled with a very high consumer spending and a higher presence of IT hubs, business offices, and commercial spaces. The cities of Bengaluru, Chennai, and Hyderabad have led the way in automating retail solutions driven by the tech-savvy population and the increasing acceptance of digital payments. In addition, the region comprises a geographically extensive metro system, airports, shopping malls, and educational institutions. This creates a huge demand for vending machines disbursing beverages, snacks, and essentials.
The working populace is becoming increasingly metropolitan in lifestyle, increasing the need for self-service applications that can be accessed 24 hours a day, seven days a week. The government initiatives for smart city development and digital infrastructure further boosts this growth in the region. As businesses and public spaces incorporate vending machines as a convenience feature, South India remains a catalyst for the vending machine market in the country, solidifying its geographic dominance.
In March 2024, Pearson India Education Services Private Limited launched its first book vending machine in India in its office on Richmond Road, Bengaluru, to reach out to learners directly. Through this initiative, the company aimed to provide a wide range of academic books directly to customers, improving their overall purchase experience. The machine accepts payments through UPI, completing the entire purchase process in less than 30 seconds.
<a href="https://www.marketsandata.com/industry-reports/india-vending-machine-market/sample-request">Download Free Sample Report</a>
Future Market Scenario (FY2025 &ndash; FY2032F)
<ul>
<li>The acceptance of cashless transactions using UPI, mobile wallets, and contactless payments will reduce the issues with cash handling.</li>
<li>Due to environmental concerns, energy-efficient and eco-friendly vending machines would see a spike.</li>
<li>Workplace automation and smart cities would drive market growth.</li>
</ul>
Report Scope&nbsp;
"India Vending Machine Market Overview, FY2018-FY2032F,&rdquo; is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India vending machine market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.&nbsp;&nbsp;
<table width="601">
<tbody>
<tr>
<td width="270">
Report Attribute&nbsp;
</td>
<td width="331">
Details&nbsp;&nbsp;
</td>
</tr>
<tr>
<td width="270">
Base Year of the Analysis&nbsp;
</td>
<td width="331">
FY2024
</td>
</tr>
<tr>
<td width="270">
Historical Period&nbsp;
</td>
<td width="331">
FY2018-FY2023
</td>
</tr>
<tr>
<td width="270">
Forecast Period&nbsp;
</td>
<td width="331">
FY2025-FY2032
</td>
</tr>
<tr>
<td width="270">
Projected Growth Rate&nbsp;
</td>
<td width="331">
CAGR of 14.71% between FY2025-FY2032
</td>
</tr>
<tr>
<td width="270">
Revenue Forecast in FY2032
</td>
<td width="331">
USD 451.50 million&nbsp;&nbsp;
</td>
</tr>
<tr>
<td width="270">
Segments Covered&nbsp;&nbsp;
</td>
<td width="331">
Product Type, Technology, Payment Type, Application
</td>
</tr>
<tr>
<td width="270">
Regions Covered&nbsp;&nbsp;
</td>
<td width="331">
North, East, West and Central, South&nbsp;
</td>
</tr>
<tr>
<td width="270">
Key Companies Profile&nbsp;
</td>
<td width="331">
Vending Updates India Private Limited, Vendekin Technologies Pvt. Ltd., Daalchini Technologies Pvt. Ltd., Vendiman Pvt. Ltd., Fraxotic Innovations Pvt. Ltd., Vendstop, Vendolite India Private Limited, Wendor Innovations Private Limited, Seaga India Private Limited, Instant Retail India Ltd.
</td>
</tr>
<tr>
<td width="270">
Customization Scope&nbsp;&nbsp;
</td>
<td width="331">
15% free report customization with purchase&nbsp;&nbsp;
</td>
</tr>
<tr>
<td width="270">
Pricing and Purchase Options&nbsp;
</td>
<td width="331">
Avail the customized purchase options to fulfill your precise research needs&nbsp;
</td>
</tr>
<tr>
<td width="270">
Delivery Format&nbsp;
</td>
<td width="331">
PDF and Excel through email (subject to the license purchased)
</td>
</tr>
</tbody>
</table>
&nbsp;
In the report,&nbsp;India&nbsp;vending machine market&nbsp;has been segmented into the following categories:
<ul>
<li>By Product Type
<ul>
<li>Food</li>
<li>Beverages</li>
<li>Chocolates and Candies</li>
<li>Tobacco</li>
<li>Others</li>
</ul>
</li>
<li>By Technology
<ul>
<li>Automatic</li>
<li>Smart</li>
<li>Manual</li>
</ul>
</li>
<li>By Payment Type
<ul>
<li>Cash-based</li>
<li>Cashless</li>
</ul>
</li>
<li>By Application
<ul>
<li>Hotels and Restaurants</li>
<li>Shopping Malls and Metro Stations</li>
<li>Corporate Offices</li>
<li>Educational Institutions</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>East</li>
<li>West and Central&nbsp;</li>
<li>South</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook&nbsp;&nbsp;
India vending machine market has a competitive landscape formed of mixed domestic manufacturers and international players alike, willing to innovate and extend their reach. Companies seek smarter technologies, such as IoT, AI-driven analytics, and digital payments, for user convenience and operational efficiency. The growing need for cashless transactions and real-time monitoring has ignited newer investments into advanced vending solutions. Furthermore, companies have diversified product offerings to keep up with constantly changing consumer preferences. Healthy snacks, fresh produce, and essential items are among these offerings.
The market outlook remains bright, given urbanization, fast acceptance in corporate offices and metro stations, and the commercial spaces. All this is well backed by growth in Tier 2 and Tier 3 cities. The government is encouraging digital payments and smart city infrastructure, which are adding to the growth momentum. As competition is advancing, the market leaders must remain ahead through innovation, strategic partnerships, and tailoring their offerings to meet the growing demand for automated retail services.
Key Players Operating in India Vending Machine Market are:
<ul>
<li>Vending Updates India Private Limited</li>
<li>Vendekin Technologies Pvt. Ltd.</li>
<li>Daalchini Technologies Pvt. Ltd.</li>
<li>Vendiman Pvt. Ltd.</li>
<li>Fraxotic Innovations Pvt. Ltd.</li>
<li>Vendstop</li>
<li>Vendolite India Private Limited</li>
<li>Wendor Innovations Private Limited</li>
<li>Seaga India Private Limited</li>
<li>Instant Retail India Ltd.</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul>
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
If you can't find what you're searching for or have any custom requirements for India vending machine market, you may approach our team at&nbsp;<a href="mailto:info@marketsandata.com">info@marketsandata.com</a>

India Vending Machine Market Assessment, Opportunities and Forecast, FY2018-FY2032F

India vending machine market is anticipated to grow due to increasing urbanization, rising demand for contactless transactions, widespread digital payment adoption, expanding smart city initiatives, growing corporate investments, and the need for 24/7 accessible, automated retail solutions across high-traffic locations.

FAQs

Industry Reports

Blogs

Case Studies

Industry News

Press Release

Infographics