Market Overview:
The global industrial vending machines market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial vending machines from various end-use industries, such as manufacturing, oil & gas, and others. Additionally, the growing trend of automation across various industries is also fueling the demand for industrial vending machines. Based on type, the global industrial vending machines market can be segmented into carousel vending machine, coil vending machine, and others. Coil vending machines are expected to witness high growth during the forecast period owing to their ability to dispense a wide variety of products quickly and efficiently. Based on application, the global industrial vending machines market can be segmented into manufacturing sector, oil & gas sector,, and others sectors including healthcare & pharmaceuticals; food & beverage; automotive; aerospace; defense; marine etc.).
Product Definition:
Industrial vending machines are machines that dispense materials, tools, or other items used in a factory or industrial setting. They are important because they help to automate the process of distributing materials and tools to workers in a factory or industrial setting. This helps to improve efficiency and productivity in the workplace.
Carousel Vending Machine:
Carousel vending machine is a mechanical device which consists of rotating drums or cylinders, on which are mounted separate coin acceptors. These machines are available in different sizes and shapes and can be customized as per the requirement. The most common types of carousel vending machines have five or six barrels with two to four coin acceptors on each barrel.
Coil Vending Machine:
Coil vending machine is a mechanical device which consists of a vertical rotating shaft, carrying several groups of coils. These machines are used to dispense various products such as food & beverages, tobacco products and medicines. The most important function of these machines is to provide hot and cold drinks in less time along with the availability of various other options such as tea/coffee shops.
Application Insights:
The others application segment includes retail, healthcare, hospitality and leisure, banking and financial services, public places (such as offices), education facilities and other industries. Retail is the largest application segment in the global vending machines market. The oil & gas industry is also anticipated to have considerable growth over the forecast period owing to extensive use of coil-type vending machines in this sector.
Vending machine manufacturers are introducing new products with advanced features that cater to various industry segments such as manufacturing; oil & gas; healthcare; hospitality & leisure; banking & financial services; public places (office); education facilities etc. Manufacturing was one of the prominent applications for which these products were used across numerous industries worldwide until about 10 years ago when they started being replaced by automated teller machines or ATM for short at banks and other commercial institutions.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing investments and favorable government policies in developing countries such as China and India. In addition, rising demand for automated machines from various end-use industries will drive regional growth during the forecast period.
The Asia Pacific was followed by North America, which accounted for a revenue share of more than 20% in 2017 owing to high demand from several end-use industries such as food & beverage, pharmaceuticals and manufacturing sector operating at maximum capacity utilization rates across U.S., Canada and Mexico are anticipated to boost product adoption over the next eight years (2018–2030).
Growth Factors:
- Increasing demand for industrial vending machines from small and medium enterprises (SMEs) due to the advantages offered by these machines over traditional methods of procurement such as purchasing or leasing.
- Rapid technological advancements in industrial vending machines that are making them more user-friendly, efficient, and secure, thereby increasing their adoption among businesses of all sizes.
- Rising awareness about the benefits of using industrial vending machines among business owners, which is resulting in an increase in demand for these machines across different industries.
- Growing popularity of cashless transactions, which is helping to drive the uptake of industrial vending machines as they offer a convenient and secure way to purchase goods and materials online.
- The increasing trend towards automation and digitization across various industries is also benefiting the growth prospects of the industrial vending machine market as it leads to an increased demand for these devices from businesses looking to streamline their operations."
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Vending Machines Market Research Report
By Type
Carousel Vending Machine, Coil Vending Machine, Others
By Application
Manufacturing, Oil & Gas, Others
By Companies
AutoCrib, Apex Industrial Technologies LLC, Silkron, SupplyPro, Fastenal Company, SupplyPoint, CribMaster, CMT Industrial Solutions, IVM Ltd., Brammer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Vending Machines Market Report Segments:
The global Industrial Vending Machines market is segmented on the basis of:
Types
Carousel Vending Machine, Coil Vending Machine, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AutoCrib
- Apex Industrial Technologies LLC
- Silkron
- SupplyPro
- Fastenal Company
- SupplyPoint
- CribMaster
- CMT Industrial Solutions
- IVM Ltd.
- Brammer
Highlights of The Industrial Vending Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carousel Vending Machine
- Coil Vending Machine
- Others
- By Application:
- Manufacturing
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Vending Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial vending machines are used in factories, warehouses, and other industrial settings to dispense products such as food, cigarettes, and drinks. They are typically automated and equipped with a variety of features to make them easier to use.
Some of the major players in the industrial vending machines market are AutoCrib, Apex Industrial Technologies LLC, Silkron, SupplyPro, Fastenal Company, SupplyPoint, CribMaster, CMT Industrial Solutions, IVM Ltd., Brammer.
The industrial vending machines market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Vending Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Vending Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Vending Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Vending Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Vending Machines Market Size & Forecast, 2020-2028
4.5.1 Industrial Vending Machines Market Size and Y-o-Y Growth
4.5.2 Industrial Vending Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Carousel Vending Machine
5.2.2 Coil Vending Machine
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Oil & Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Vending Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Vending Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Carousel Vending Machine
9.6.2 Coil Vending Machine
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Oil & Gas
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Carousel Vending Machine
10.6.2 Coil Vending Machine
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Oil & Gas
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Carousel Vending Machine
11.6.2 Coil Vending Machine
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Oil & Gas
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Carousel Vending Machine
12.6.2 Coil Vending Machine
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Oil & Gas
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Carousel Vending Machine
13.6.2 Coil Vending Machine
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Oil & Gas
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Vending Machines Market: Competitive Dashboard
14.2 Global Industrial Vending Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AutoCrib
14.3.2 Apex Industrial Technologies LLC
14.3.3 Silkron
14.3.4 SupplyPro
14.3.5 Fastenal Company
14.3.6 SupplyPoint
14.3.7 CribMaster
14.3.8 CMT Industrial Solutions
14.3.9 IVM Ltd.
14.3.10 Brammer
