Global Industrial Vending Machine Market
The global Industrial Vending Machine market was valued at USD 2.8 billion in 2021 which expected to reach USD 5.8 billion by 2027 at a CAGR 9.7% from 2021-2027.
The industrial vending machine automatically tracks all transactions and costing data such as department, job, machine, cost center, customer number, and other custom fields. The increased acceptance of these products by small and medium-sized businesses is likely to propel the market forward (SMEs). Because of its low cost, this product is projected to see increased use in the coming years, allowing businesses to produce more money.
Market Drivers
SME Manufacturing Units Are Increasingly Using Industrial Vending Machines. These machines' applications can cater to a massive consumer base, whether a large player or a small and medium firm. Across numerous locations, emerging SMEs choose carousal machines because they are cost-effective, demand less floor space, and consume less energy. These vending systems aid in inventory management and improve performance, resulting in a better market position and increased equipment demand globally.
Market Restraints
High Purchase Price the Rental Model Market is both hampered and served. Industrial vending machines are highly intricate vending systems with significant initial purchase costs. The recent pandemic COVID-19 outbreak has caused the manufacturing sector to close, limiting IVM adoption. These machines are expensive to maintain and cause extra operating downtime for manufacturers during the present lockdown period, offering a substitute for rental models and stifling global market growth.
Impact of COVID-19
Unlike other industries (such as consumer goods), the manufacturing sector has the most of these machine applications because they are utilized to keep proper tools, safety equipment, and other items needed by laborers. As a result of the rapid closure of manufacturing plants, demand for vending machines decreased. The supply chain of IVM has been significantly impacted by the development in trade barriers and conflicts between countries. In addition, with the goal of reducing COVID-19 cases, major governments ceased international and national trading of IVM, impeding supply chain management around the world.
Market Segmentation
The Global Industrial Vending Machine Market is segmented into Type, Product, Distribution Channel and Growing System. By Type such as Carousel Vending Machine, Coil Vending Machine, Cabinet Vending Machine, Others. By Product such as MRO Tools, PPE, Others. By End-use such as Manufacturing, Oil & Gas, Construction, Aerospace, Other.
Regional Analysis
Global Industrial Vending Machine Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Industrial Vending Machine market in North America is expected to grow at the fastest CAGR. Owing to region's abundance of OEMs and distributors furthermore, increased workplace safety awareness in hazardous work conditions promotes market demand for industrial vending machines.
Asia Pacific is expected to witness during the forecast period. The region's rising manufacturing industries boost the demand for inventory management solutions. Furthermore, emerging manufacturing and production processes are being adopted by nations such as China, India, and South Korea, and the area is expected to gain traction during the evaluation period.
Key Players
Various key players are listed in this report such as Apex Industrial Technologies, LLC; AutoCrib, Inc.; Brammer; IMC Group; SecuraStock; CribMaster; Fastenal Company; Airgas Inc.; IVM Ltd.
Market Taxonomy
By Type
By Product
By End-use
By Region
Key Questions Addressed by the Report
Global Industrial Vending Machine Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Industrial Vending Machine Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Industrial Vending Machine Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Industrial Vending Machine Market Share Analysis, By Type
5.3 Global Industrial Vending Machine Market Size and Forecast, By Type
5.3.1 Carousel Vending Machine
5.3.2 Coil Vending Machine
5.3.3 Cabinet Vending Machine
5.3.4 Others
6 Global Industrial Vending Machine Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Industrial Vending Machine Market Share Analysis, By Product
6.3 Global Industrial Vending Machine Market Size and Forecast, By Product
6.3.1 MRO Tools
6.3.2 PPE
6.3.3 Others
7 Global Industrial Vending Machine Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Industrial Vending Machine Market Share Analysis, By End-use
7.3 Global Industrial Vending Machine Market Size and Forecast, By End-use
7.3. Manufacturing
7.3.2 Oil & Gas
7.3.3 Construction
7.3.4 Aerospace
7.3.5 Other
8 Global Industrial Vending Machine Market, By Region
8.1 Global Industrial Vending Machine Market Share Analysis, By Region
8.2 Global Industrial Vending Machine Market Share Analysis, By Region
8.3 Global Industrial Vending Machine Market Size and Forecast, By Region
9 North America Industrial Vending Machine Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Industrial Vending Machine Market Share Analysis, By Type
9.3 North America Industrial Vending Machine Market Size and Forecast, By Product
9.4 North America Industrial Vending Machine Market Size and Forecast, By End-use
9.6 North America Industrial Vending Machine Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Industrial Vending Machine Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Industrial Vending Machine Market Share Analysis, By Type
10.3 Europe Industrial Vending Machine Market Size and Forecast, By Product
10.4 Europe Industrial Vending Machine Market Size and Forecast, By End-use
10.6 Europe Industrial Vending Machine Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Industrial Vending Machine Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Industrial Vending Machine Market Share Analysis, By Type
11.3 Asia Pacific Industrial Vending Machine Market Size and Forecast, By Product
11.4 Asia Pacific Industrial Vending Machine Market Size and Forecast, By End-use
11.6 Asia Pacific Industrial Vending Machine Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Industrial Vending Machine Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Industrial Vending Machine Market Share Analysis, By Type
12.3 Latin America Industrial Vending Machine Market Size and Forecast, By Product
12.4 Latin America Industrial Vending Machine Market Size and Forecast, By End-use
12.6 Latin America Industrial Vending Machine Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Industrial Vending Machine Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Industrial Vending Machine Market Share Analysis, By Type
13.3 Middle East Industrial Vending Machine Market Size and Forecast, By Product
13.4 Middle East Industrial Vending Machine Market Size and Forecast, By End-use
13.6 Middle East Industrial Vending Machine Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Apex Industrial Technologies, LLC
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. AutoCrib, Inc
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Brammer
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IMC Group
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 SecuraStock
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 CribMaster
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Fastenal Company
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Airgas Inc
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
16.9 IVM Ltd
16.9.1 Overview
16.9.2 Types
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
