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Industrial Vending Machines Market By Offering (Hardware, Software) By Type (Vertical lift machines, Coil vending machines, Carousel vending machines, Scale vending machines, Others) By End-user industry (Aerospace, Healthcare, Manufacturing, Oil & gas, Construction, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global Industrial vending machines market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Industrial vending machines industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Industrial vending machines industry and how economic and non-economic barriers are helping the Industrial vending machines market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Industrial vending machines Market?

  • In 2021, the software Industrial vending machines dominated the offering segment. The software integrated into industrial vending machines reports real-time data from every item inventory to track where it is and who checked out this. These factor has supported the growth of the software Industrial vending machines segment. 
  • In 2021, coil vending machines dominated the type segment due to increasing demand for high-capacity industrial systems. This machine has a high capacity to organize and maintain with less power consumption. 
  • In 2021, manufacturing captured the highest market share in the end-user industry segments due to the need for maintenance and personal protective equipment across the aviation and automotive manufacturing industries.

Which Region dominated the Industrial vending machines Market?

North American region dominated the highest market share in 2021. The increasing demand for industrial vending machines in North America is due to the rising awareness about employee safety. Vending machines allow organizations to easily track which employees have access to supplies at any given time, providing valuable insight into internal supply needs. Those factors are for North America’s Industrial vending machines market. Furthermore, the widely used PPE vending machines are also a growing factor of industrial vending machines. The benefits of Industrial vending machines are viewed as a major driver in the Industrial vending machines market share increase during the projection period. 

What is the competitive environment of the Industrial vending machines market?

The Industrial vending machines market’s competitive environment offers information on the total economic profit made by suppliers and manufacturers, the sales and revenues produced in this sector, the Industrial vending machines market share, the company overview, the launch of new products, and the opportunities for the Industrial vending machines market. Furthermore, the market players are launching new products that raise awareness in developing countries such as India, China, Brazil, and others. These activities promote a healthy market competition environment and offer opportunities for new market players.

Executive Summary

What are all the developments being developed in the Industrial vending machines Market?

Development for the products is in industrial vending machines. The global industrial vending machine market's expansion is driven by an increase in demand for new products to boost utilization in many industries. For instance, in March 2019, Arcturus, AutoCrib's next-generation enterprise inventory management software, is a cloud-based platform that interacts with any ERP, is jam-packed with strong new capabilities, and is designed from the ground up to optimize the business's asset management potential while lowering expenses.

Which are the key investments by the Industrial vending machines industry players?

Industrial vending machines have been used in various industries such as agriculture, food & beverage, pharmaceutical, and others due to their exceptional flexibility and adaptability to any conditions. In addition, many market players are investing heavily in industrial vending machines due to the growing infrastructure of developing countries. Furthermore, many new market players are entering the Industrial vending machines market with huge investments, such as Fastenal Company, Autocrib, Inc, Airgas, Inc, and others. 

Some major players in the market are Fastenal Company, Autocrib, Inc, Airgas, Inc, Supplypoint, Brammer, Supplypro, Inc, Cribmaster, Ivm, Inc, Securastock, Llc, Silkron, Intelligent Dispensing Solutions, Automatybhp, MSC Industrial Direct Co Inc, W.W. Grainger, Inc, Seaga Manufacturing Inc, Easier Vending llc, Turtle & Hughes, Digital Media Vending International, llc, Sourcevend, Vending Design Works, Industrial Vending Systems, Vechnology, Reliance Supply, Inc, Engineers Mate Ltd, And IMC Group.

What are the Major Driving Factors for the Industrial vending machines market?

The increasing use of vending machines in various end-use industries and their ability to provide point-of-use inventory management solutions for industrial and safety supplies are expected to increase the growth of the industrial vending machine market. These advantages are projected to enhance the demand for Industrial vending machines. Moreover, the growing need to reduce the cost of downtime for businesses is expected to boost the growth of the market. Industrial vending machines are expected to reduce downtime by allowing businesses to manage their inventory efficiently. Additionally, these systems are available in different types such as coil and carousel vending machines. These factors increase the sales of Industrial vending machines.

Additionally, rising regulations in companies’ awareness about safety are expected to increase the industrial vending machines market. The increasing uses of Industrial vending machines in prospective personal equipment are being implemented in manufacturing and are expected to boost Industrial vending machine sales even more during the forecast period.

What are the Major Risks for the Industrial vending machines market?

Industrial vending machines, which are vending systems with a very complicated structure, have high initial costs, and the initial acquisition costs increase rapidly. Additionally, due to his recent COVID-19 outbreak, these machines have resulted in high maintenance costs with unnecessary operational downtime for manufacturers during the current lockdown period, offering an alternative to the rental model. Thus, the high initial investment and high maintenance cost are anticipated to limit the growth of the industrial vending machines.

Which is the key End-user industry in the Industrial vending machines market?

The industrial vending machines by end-user industry segment are classified into aerospace, healthcare, manufacturing, oil & gas, construction and others. The manufacturing captured the highest market share in the end-user industry segments due to the requirement for maintenance and PPE (personal protective equipment) across the air travel and automotive industrial industries to look over the high-cost drilling equipment, thus increasing the demand for industrial vending machines in these sectors. Furthermore, the gas & oil sector has also seen significant growth due to the necessity for accurate IMS (inventory management systems), which are expected to grow the demand for industrial vending machines during the forecast period.   

How is the Industrial vending machines market performing in regions?

North American region dominated the highest market share in 2021. The increasing demand for industrial vending machines in North America is due to the rising awareness about employee safety. Vending machines allow organizations to easily track which employees have access to supplies at any given time, providing valuable insight into internal supply needs. Those factors are for North America’s Industrial vending machines market. Furthermore, the widely used PPE vending machines are also a growing factor of industrial vending machines. The benefits of Industrial vending machines are viewed as a major driver in the Industrial vending machines market share increase during the projection period. 

industrial-vending-machines-market

Moreover, the Asia Pacific region will grow with the fastest CAGR forecast period. The increasing number of manufacturing industries in Asia is expected to increase the industrial vending machine market. Furthermore, emerging countries such as China, India and Japan are adopting upcoming manufacturing and production practices in this region. These factors are the growth of the Industrial vending machines market in the Asia Pacific region. 

What is the regulatory landscape for the Industrial vending machines Market?

The governments are supporting the installation and use of industrial vending machines due to the ease of doing business without any salesperson. Thus, due to its many benefits and no harm to individual, the regulatory landscape for industrial vending machines are supportive and cooperative.

What is the Market Size of the Industrial vending machines market regarding value?

The global Industrial vending machines market is anticipated to grow at a substantial CAGR of 7.20% in the upcoming years. The global Industrial vending machines market was estimated to be worth USD 2.3 billion in 2021 and was expected to be worth USD 3.49 billion by 2028.

What are the major players planning for the future of the Industrial vending machines market?

The previously fairly concentrated global industrial vending machine market is becoming increasingly diversified with the emergence of a number of strong competitors. In addition, large companies are focusing on expanding their commercial activities in developing countries. At the same time, most of the new industrial vending machine companies in the global market plan to develop new products and expand their product portfolios through investment and innovation. In order to maintain existing market demand and enhance brand equity, the top players in the industrial vending machine market constantly carry out a global industrial vending machine needs analysis and improve product quality. 

Segmentation of the Global Industrial vending machines Market-

Global Industrial vending machines Market – By Offering

  • Hardware
  • Software

 Global Industrial vending machines Market – By Type

  • Vertical lift machines
  • Coil vending machines
  • Carousel vending machines
  • Scale vending machines
  • Others

 Global Industrial vending machines Market – By End-user industry

  • Aerospace
  • Healthcare
  • Manufacturing
  • Oil & gas
  • Construction
  • Others  

Global Industrial vending machines Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently Asked Questions (FAQs):

The increasing use of vending machines in various end-use industries and their ability to provide point-of-use inventory management solutions for industrial and safety supplies are expected to increase the growth of the industrial vending machine market. These advantages are projected to enhance the demand for Industrial vending machines. Moreover, the growing need to reduce the cost of downtime for businesses is expected to boost the growth of the market. Industrial vending machines are expecte

The global Industrial vending machines market is anticipated to grow at a substantial CAGR of 7.20% in the upcoming years. The global Industrial vending machines market was estimated to be worth USD 2.3 billion in 2021 and was expected to be worth USD 3.49 billion by 2028.

North American region dominated the highest market share in 2021. The increasing demand for industrial vending machines in North America is due to the rising awareness about employee safety. Vending machines allow organizations to easily track which employees have access to supplies at any given time, providing valuable insight into internal supply needs. Those factors are for North America’s Industrial vending machines market. Furthermore, the widely used PPE vending machines are also a growing

Some major players in the market are Fastenal Company, Autocrib, Inc, Airgas, Inc, Supplypoint, Brammer, Supplypro, Inc, Cribmaster, Ivm, Inc, Securastock, Llc, Silkron, Intelligent Dispensing Solutions, Automatybhp, MSC Industrial Direct Co Inc, W.W. Grainger, Inc, Seaga Manufacturing Inc, Easier Vending llc, Turtle & Hughes, Digital Media Vending International, llc, Sourcevend, Vending Design Works, Industrial Vending Systems, Vechnology, Reliance Supply, Inc, Engineers Mate Ltd, And IMC Group

In 2021, manufacturing captured the highest market share in the end-user industry segments due to the need for maintenance and personal protective equipment across the aviation and automotive manufacturing industries.

Industrial Vending Machines Market Scope

Report Attribute Details
Market Value in 2021 USD 2.3 billion
Market Value in 2028 USD 3.49 billion
CAGR 7.20%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Nov 2022
Category:  Automation & Process Control
Report ID:   60769
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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