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Vending Machine

PUBLISHER: Grand View Research | PRODUCT CODE: 1552945

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PUBLISHER: Grand View Research | PRODUCT CODE: 1552945

Industrial Vending Machine Market Size, Share & Trends Analysis Report By Type (Carousel, Coil, Cabinet), By Product (MRO Tools, PPE), By End-use (Manufacturing, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Industrial Vending Machine Market Growth & Trends:

The global industrial vending machine market size is expected to reach USD 5.77 billion by 2030, registering to grow at a CAGR of 9.8% from 2024 to 2030 according to a new report by Grand View Research, Inc. Technological improvements in vending machines have made it possible for businesses to increase the effectiveness of inventory management and track inventory consumption with real-time data analysis, which has led to market growth.

Due to their cost effectiveness, which would allow enterprises to raise their revenue, industrial vending machine use is anticipated to rise in the coming years. Also, a greater focus on worker safety encourages the usage of personal protective equipment (PPE), which in turn leads to a rise in the use of industrial vending machines for PPE. The use of personal protective equipment, MRO tools, and other consumables and durables heavily depends on the growth of key industry sectors like automotive, construction, aviation, manufacturing, and oil and gas.

The need for industrial vending machines is anticipated to increase as these industries continue to expand due to industrialization and globalization. The continuous technological transformation in the vending sector boosts market expansion. The integration of RFID and cloud infrastructure in vending systems have made it possible to track and monitor inventory to stop fraud, including misuse and theft, further fueling the market growth for industrial vending machines.

Industrial vending machines reduce expenses by reducing employee work hours. Employee work time is well-spent when inventory is managed effectively, allowing for productive work during set working hours. Additionally, the reduction of freight costs and stock outages made possible by industrial vending machines is predicted to boost demand for these devices and subsequently support market expansion.

Furthermore, intelligent vending machines can help reduce operational costs for businesses. These machines can be remotely monitored, reducing the need for on-site maintenance and repair. Additionally, inventory tracking and real-time data analysis can be realized using these devices, enabling the expansion of the industry during the projection period.

Industrial vending machines cut costs by shortening employee shifts. Effective inventory management prevents employee downtime and permits productive work during predetermined working hours. A variety of strategies, including joint ventures, mergers, and acquisitions, are being used by product manufacturers to boost their market penetration.

Industrial Vending Machine Market Report Highlights:

  • The coil vending machine segment accounted for over 37.8% of the global revenue share in 2023, owing to its higher penetration across various end-use industries such as construction, manufacturing, and oil & gas
  • The PPE segment accounted for the largest share in 2023 due to the increased use of protective items, including hard hats, safety goggles, and safety gloves, across various industries
  • The manufacturing segment held the largest market revenue share in 2023. This is credited to the strong growth in the manufacturing sector worldwide, especially in emerging economies
  • North America accounted for the largest regional share in 2023, owing to the strong presence of key players and distributors in the region, and high awareness about these machines across various industries
  • Key players are opting for various strategies, including product development, expansion to new geographic locations, and joint ventures, to increase sales and improve market share
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Product Code: GVR-2-68038-039-2

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definitions
  • 1.3. Information Procurement
    • 1.3.1. Information Analysis.
    • 1.3.2. Market Formulation & Data Visualization
    • 1.3.3. Data Validation & Publishing
  • 1.4. Research Scope & Assumptions
    • 1.4.1. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Industrial Vending Machine Market Snapshot, 2022 & 2030
  • 2.2. Industrial Vending Machine Market - Segment Snapshot, 2022 & 2030

Chapter 3. Industrial Vending Machine Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market Driver Analysis
    • 3.3.2. Market Restraint Analysis
    • 3.3.3. Market Opportunity Analysis
  • 3.4. Industry Analysis Tools
    • 3.4.1. Porter's Five Forces Analysis
    • 3.4.2. PESTEL Analysis
  • 3.5. COVID - 19 Impact Analysis

Chapter 4. Industrial Vending Machine Market Type Outlook

  • 4.1. Type Movement Analysis & Market Share, 2022 & 2030 (USD Million)
  • 4.2. Industrial Vending Machine Market Estimates & Forecast, by Type (USD Million)
    • 4.2.1. Carousel Vending Machine
    • 4.2.2. Coil Vending Machine
    • 4.2.3. Cabinet Vending Machine
    • 4.2.4. Others

Chapter 5. Industrial Vending Machine Market Product Outlook

  • 5.1. Product Movement Analysis & Market Share, 2022 & 2030 (USD Million)
  • 5.2. Industrial Vending Machine Market Estimates & Forecast, by Product (USD Million)
    • 5.2.1. MRO Tools
    • 5.2.2. PPE
    • 5.2.3. Others

Chapter 6. Industrial Vending Machine Market End - use Outlook

  • 6.1. End - use Movement Analysis & Market Share, 2022 & 2030 (USD Million)
  • 6.2. Industrial Vending Machine Market Estimates & Forecast, by end - use (USD Million)
    • 6.2.1. Manufacturing
    • 6.2.2. Oil & Gas
    • 6.2.3. Construction
    • 6.2.4. Aerospace
    • 6.2.5. Others

Chapter 7. Industrial Vending Machine Market: Regional Outlook

  • 7.1. Industrial Vending Machine Market Share by Region, 2022 & 2030 (USD Million)
  • 7.2. North America
    • 7.2.1. North America Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.2.2. U.S.
      • 7.2.2.1. U.S. Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.2.3. Canada
      • 7.2.3.1. Canada Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
  • 7.3. Europe
    • 7.3.1. Europe Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.3.2. UK
      • 7.3.2.1. UK Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.3.3. Germany
      • 7.3.3.1. Germany Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.3.4. France
      • 7.3.4.1. France Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.3.5. Italy
      • 7.3.5.1. Italy Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.3.6. Spain
      • 7.3.6.1. Spain Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.4.2. China
      • 7.4.2.1. China Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.4.3. India
      • 7.4.3.1. India Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.4.4. Japan
      • 7.4.4.1. Japan Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.4.5. Australia
      • 7.4.5.1. Australia Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.4.6. South Korea
      • 7.4.6.1. South Korea Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
  • 7.5. Latin America
    • 7.5.1. Latin America Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.5.2. Brazil
      • 7.5.2.1. Brazil Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.5.3. Mexico
      • 7.5.3.1. Mexico Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.5.4. Argentina
      • 7.5.4.1. Argentina Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
  • 7.6. Middle East & Africa
    • 7.6.1. Middle East & Africa Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.6.2. UAE
      • 7.6.2.1. UAE Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.6.3. Saudi Arabia
      • 7.6.3.1. Saudi Arabia Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 7.6.4. South Africa
      • 7.6.4.1. South Africa Industrial Vending Machine Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

  • 8.1. Apex Industrial Technologies, LLC
  • 8.2. AutoCrib, Inc.
  • 8.3. Brammer
  • 8.4. IMC Group
  • 8.5. SecuraStock
  • 8.6. CribMaster
  • 8.7. Fastenal Company
  • 8.8. Airgas Inc.
  • 8.9. IVM, Inc.
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Product Code: GVR-2-68038-039-2

List of Tables

  • Table 1 Industrial Vending Machine market, by type, 2018 - 2030 (USD Million)
  • Table 2 Industrial Vending Machine market, by product, 2018 - 2030 (USD Million)
  • Table 3 Industrial Vending Machine market, by end-use, 2018 - 2030 (USD Million)
  • Table 4 Company heat map analysis
  • Table 5 Key companies undertaking agreements
  • Table 6 Key companies involved in expansions
  • Table 7 Key companies involved in mergers and acquisitions
  • Table 8 Key companies launching new products
  • Table 9 Key companies undergoing partnerships & collaborations

List of Figures

  • Fig. 1 Industrial Vending Machine Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Model
  • Fig. 4 Market Formulation Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Market Snapshot
  • Fig. 7 Segment Snapshot
  • Fig. 8 Competitive Landscape Snapshot
  • Fig. 9 Industrial Vending Machine - Industry Value Chain Analysis
  • Fig. 10 Industrial Vending Machine Market - Market Dynamics
  • Fig. 11 Industrial Vending Machine Market: PORTER's Five Forces Analysis
  • Fig. 12 Industrial Vending Machine Market: PESTEL Analysis
  • Fig. 13 Industrial Vending Machine Market, by Type: Key Takeaways
  • Fig. 14 Industrial Vending Machine Market, by Type: Market Share, 2022 & 2030
  • Fig. 15 Carousel Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 16 Coil Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 17 Cabinet Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 18 Others Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 19 Industrial Vending Machine Market, by Product: Key Takeaways
  • Fig. 20 Industrial Vending Machine Market, by Product: Market Share, 2022 & 2030
  • Fig. 21 MRO Tools Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 22 PPE Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 23 Others Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 24 Industrial Vending Machine Market, by End - use: Key Takeaways
  • Fig. 25 Industrial Vending Machine Market, by End - use: Market Share, 2022 & 2030
  • Fig. 26 Manufacturing Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 27 Oil & Gas Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 28 Construction Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 29 Aerospace Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 30 Others Industrial Vending Machine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • Fig. 31 North America Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 32 US Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 33 Canada Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 34 Europe Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 35 UK Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 36 Germany Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 37 France Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 38 Italy Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 39 Spain Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 40 Rest of Europe Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 41 Asia Pacific Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 42 China Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 43 India Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 44 Japan Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 45 Australia Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 46 South Korea Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 47 Rest of Asia Pacific Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 48 Latin America Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 49 Brazil Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 50 Mexico Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 51 Argentina Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 52 Rest of Latin America Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 53 Middle East & Africa Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 54 UAE Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 55 Saudi Arabia Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 56 South Africa Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 57 Rest of Middle East & Africa Industrial Vending Machine Market Estimates & Forecast, 2018 - 2030 (USD Billions)
  • Fig. 58 Key Company Categorization
  • Fig. 59 Company Market Share Analysis, 2022
  • Fig. 60 Strategic Framework
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