India Hot Beverage Vending Machine Market Research Report: Forecast (2023-2028)

1. MARKET RESEARCH REPORT India Hot Beverage Vending Machine Market Research Report: Forecast (2023-2028) UPDATED SAMPLE 2024-30 MARKNTEL ADVISORS

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4. Market Insights The India Hot Beverage Vending Machine market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2023-28. The factors attributing to the growth are the rising usage of vending appliances in commercial offices. A hot beverage vending machine is a self-operating machine that produces & dispenses hot drinks such as coffee, tea, soups, etc. These machines are typically found in public places like corporate offices, airports, railway stations, and educational institutions since they provide customers with convenient & quick service. India has emerged as a pivot center for commercial offices in recent years.

5. Market Drivers The number of corporate offices in India is rapidly increasing owing The number of corporate offices in India is rapidly increasing owing to factors such as the government to factors such as the government’s favorable policies & the rising foreign investments in the Information Technology (IT) sector. foreign investments in the Information Technology (IT) sector. Moreover, the country has witnessed a surge in its economic Moreover, the country has witnessed a surge in its economic growth. According to the World Bank, in 2022, India registered growth. According to the World Bank, in 2022, India registered around 6.9% overall growth amid global uncertainties such as the around 6.9% overall growth amid global uncertainties such as the Russia Russia- -Ukraine War & Spread of COVID Ukraine War & Spread of COVID- -19. Thus, the emergence of India as one of the fastest India as one of the fastest- -growing economies across the globe growing economies across the globe made the country more suitable for establishing corporate offices. made the country more suitable for establishing corporate offices. s favorable policies & the rising 19. Thus, the emergence of

6. Market Segments By Type (Table Top, Free Standing), By Drinks Offered (Tea, Coffee, Soups, Others (Hot Chocolate, Milk, etc.)), By Distribution Channel (B2B, B2C (Dealers & Distributors, Online, Others)), By End Users (Corporate Offices, Educational Institutes, Airports, Transportation Facilities, Hotels & Restaurants, Others), By Region ( North, East, West South)

7. Top Companies Vending Updates India Pvt. Ltd., Cafe Desire, Mountain Trail Food Pvt. Ltd., Godrej & Boyce Manufacturing Company Limited, Georgia, Nestlé India Limited, Rhea Vendors Group Spa, Coffee Day, Atlantis, Max Vending, and Others

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