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India Hot Beverage Vending Machine Market Size, Share, Growth Insight – 12% Estimated CAGR Growth By 2028

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India Hot Beverage Vending Machine Market Analysis and Insights:

The India Hot Beverage Vending Machine Market size is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2023-28.

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India Hot Beverage Vending Machine Market Dynamics

Key Driver: Surging Number of Corporate Offices in India to Amplify the Market Growth

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

Further, corporate offices are one of the prominent end-users of the market since offices are generally equipped with these machines to provide their employees with a convenient & feasible option. The employees tend to go to the cafeterias to drink tea or coffee, which costs them money & takes a lot of their time, thus to curb the issues faced by the employees, the organizations are planting hot vending machines in their buildings. In addition, with the surge in the number of corporate offices across the country, the demand for these machines is predicted to grow in the forthcoming years.

India Hot Beverage Vending Machine Market Report Segmentation:

The report has segmented the market into the following categories:

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

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Market Divided by Region/Country:

By Region

-East

–Assam

–West Bengal

–Others

-West

–Gujarat

–Maharashtra

–Rajasthan

–Others

-North

–Uttar Pradesh

–Haryana

–Punjab

–Delhi NCR

–Others

-South

–Tamil Nadu

–Karnataka

–Telangana

–Others

Who are the top Companies in the India Hot Beverage Vending Machine Market?

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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