Vending Machine Franchise for Sale in India
Vending Machine
Franchise for Sale in India
Firstly, you need to know what vending machines are
and how they work. This is an automatic machine
which dispenses products like snacks, cold drinks,
energy drinks and more usually at high volume
locations such as train stations or airports. These
vending machines are designed to eliminate the
need to wait in line for purchases and allow you to
make purchases at any time of the day.
INDIA VENDING MACHINE
MARKET SIZE AND FORECAST:
The Indian vending machine market is projected
to register a CAGR of 21% from 2014-2019.
There are many factors which will drive this
market. We have listed out some of them below:
Vendors entering into tie-ups with existing retail
chains for selling their products through vending
machines will propel the growth of this market.
For instance, Coca Cola has tied up with Reliance
Retail for selling its beverages in about 1,000
stores through vending machines which will be
installed by year end.
On the other hand, most of the major vendors
of these machines have come up with
innovative machines that can be used just
like a mobile phone and allow customers to
pay through different modes such as
credit/debit cards and mobile wallets. As a
result, many franchisees are opting to go for
this type of machine in their outlets.
DEMAND FOR VENDING
MACHINE IN INDIA:
India has a growing preference for snacks and
cold drinks which is one of the most important
factors that will drive growth of the Indian
vending machine market. It is expected that
India will have the largest number of vending
machines in the world by the end of 2017 as
compared to any other country in the world. The
vending machine industry currently employs
more than 50,000 people and is predicted to
employ more than 200,000 people by 2020.
BENEFITS OF VENDING
MACHINE:
It is a cost-effective way for retailers to offer their products
to customers.
Vending machines can help reduce errors and may not
require sanitation as compared to other methods of selling.
It attracts new customers because vending machines are
easy to use, unlike cash registers.
Some brands have used their vending machines in malls,
railway stations and even on the street.
Grubox.in offers wide range of snacks and drinks for vending
machine. Vending machines are the modern way to sell
products and the vending machine industry in India has been
experiencing tremendous growth over the past few years.
With the increasing technology and advancement of vending
machines, there has been an increase in revenue through
these machines, which is why most restaurant brands are
opting for these machines. They provide immediate service
and have been a great way to engage customers through
added value services. Franchisors have also incorporated this
into their franchises as a means of service delivery, which has
only raised the bar even further.
For more information please visit our website:
https://www.grubox.in/
u…
k Y
o
an
Th
Comments