Industrial Vending Machines Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Industrial Vending Machines Market
The industrial vending machines market size was valued at USD 2.365 billion in 2023, and the market is now projected to grow from USD 2.5132 billion in 2024 to USD 4.1645 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2024-2032.
COVID has greatly affected the industrial vending machine market since it helped terminate contact mode. As antibacterial concern rises, people started to rely on vending machines in order to contact fewer people throughout the day. It resulted in higher sales of machines providing PPE, sanitizers and food products and decrease in sales of conventional vending products. Further, disruptions in the supply chain impacted on inventory whereby; manufacturers embraced the need to improve on the machine technology. In general, the pandemic altered the market and the described trend is explainable by the need for changing to more intelligent and antibacterial vending equipment.
Current emerging trends in industrial vending machine market are smart vending solutions which incorporate IoT solutions for tracking and monitoring the usage of inventory in rea;l time. Industries are advancing in touchless payments to improve the consumers’ experience and reduce the risks of contact. Also, globalization is emerging prominently as machines bring environmentally conscious products with energy-saving technologies. Also, vending solutions are customized to some extent thus can fit almost everyone’s needs depending on a certain business. Last but not the least; intrusion-related safety features are also getting integrated, thereby increasing safety against theft and other malpractices.
The need for automation of the inventory management system makes operations more efficient hence reduce on the cost of labor. Also, the importance of workplace safety and sanitation has increased the use of touchless vending solutions that enjoy a momentum post COVID-19. The shift to cutting operating expenses and waste is making it possible for companies to employ vending machines to track stocks better. Thus, all the above mentioned factors are contributing towards the industrial vending machines market growth.
Comprehensive Analysis Industrial Vending Machines Market
The industrial vending machine market categorization includes type, product, end user and geographical area. Some of these are carousel machines and coil machines; other common ones are cabinet machines. Products range include the goods used for maintenance, repair, and operations purposes, safety wears, and other items like cutting tools. Customers are across manufacturing, oil and gas industries with other industries such as military and defence contributing towards this demand. Such segmentation makes it easier to sell and market unique solutions to existing and potential clients according to industry, application as well as geographical location.
Currently, the largest number of industrial vending machines has North America as a market due to its focus on automation and innovative technologies. Large manufacturers located within the region and a strong manufacturing industry provides motivation for buying and using vending solutions. Moreover, rising need of high quality and affordable inventory management and safety solutions for oil & gas, manufacturing and other sectors boosts the market. The COVID -19 public health measures has seen the region embrace contactless vending machines especially on safety and hygiene inside work places. These aspects to some extent give a strong standing in North America to force in the global market place.
Key players in the market include Fastenal Company (Minnesota, United States), AutoCrib, Inc. (California, United States), IVM Ltd. (Indianapolis, United States), Apex Industrial Technologies LLC (Ohio, United States), Silkron (Penang, Malaysia), SupplyPro, Inc. (California, United States), SupplyPoint (Rugby, United Kingdom), CribMaster (Marietta, Georgia), CMT Industrial Solutions (South Carolina, United States), Brammers (London, United Kingdom)
Analyzing the trends in the international market in 2024, the modern industrial vending machines are pointing out significant tendencies connected with the development of smart vending technologies. More and more sophisticated product vending machines are being designed with features of artificial intelligence and IoT where stock, and more specifically the availability of particular products is detected in real time with the need for a refill. Moreover, the latest machines focus on environmental activities by providing natural products such as biodegradable products while using less energy. Additionally, customization is increasing, which allows organizations to adapt products to satisfy distinctive sector requirements thus enhancing the satisfaction of users.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2032
Base Year
2023
Estimated Year
2024
Forecast Period
2024-2032
Historical Period
2019-2022
Growth Rate
CAGR of 9.5% (2024-2032)
Unit
Value (USD Billion)
By Geography
By Ship Type
Commercial
Defense
By Installation Type
On-board
Onshore
By Fit
Line Fit
Retrofit
By Application
Fleet Operations
Vessel Traffic Management
Fleet Health Monitoring
North America (By Ship Type, Installation Type, Fit, Application, and Country)
- U.S. (By Ship Type)
- Canada (By Ship Type)
- U.K. (By Ship Type)
- Germany (By Ship Type)
- France (By Ship Type)
- Russia (By Ship Type)
- Rest of Europe (By Ship Type)
- China (By Ship Type)
- India (By Ship Type)
- Japan (By Ship Type)
- South Korea (By Ship Type)
- Rest of Asia Pacific (By Ship Type)
- Middle East & Africa (By Ship Type)
- Latin America (By Ship Type)
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. PESTLE Analysis
- 4.4. Porter’s Five Force Analysis
- 4.5. Global Industrial Vending Machine Market Share Analysis and Matrix, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Key Financials
- 6.3.2.1. Past and Current Revenue
- 6.3.2.2. Gross Margin
- 6.3.2.3. Geographical Share
- 6.3.2.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 9.
- 9.1. Global Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.1.1. By Type (Value)
- 9.1.1.1. Carousel Vending Machine
- 9.1.1.2. Coil Vending Machine
- 9.1.1.3. Others (Cabinet Vending Machine, etc.)
- 9.1.2. By Product (Value)
- 9.1.2.1. Maintenance, Repair, and Operations (MRO)
- 9.1.2.2. Personal Protective Equipment (PPE)
- 9.1.2.3. Others (Cutting Tools, etc.)
- 9.1.3. By End-User (Value)
- 9.1.3.1. Manufacturing
- 9.1.3.2. Oil & Gas
- 9.1.3.3. Others (Military & Defense, etc.)
- 9.1.4. By Region (Value)
- 9.1.4.1. North America
- 9.1.4.2. Europe
- 9.1.4.3. Asia Pacific
- 9.1.4.4. Middle East & Africa
- 9.1.4.5. Latin America
- 9.2. North America Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.2.1. By Type (Value)
- 9.2.1.1. Carousel Vending Machine
- 9.2.1.2. Coil Vending Machine
- 9.2.1.3. Others (Cabinet Vending Machine, etc.)
- 9.2.2. By Product (Value)
- 9.2.2.1. Maintenance, Repair, and Operations (MRO)
- 9.2.2.2. Personal Protective Equipment (PPE)
- 9.2.2.3. Others (Cutting Tools, etc.)
- 9.2.3. By End-User (Value)
- 9.2.3.1. Manufacturing
- 9.2.3.2. Oil & Gas
- 9.2.3.3. Others (Military & Defense, etc.)
- 9.2.4. By Country (Value)
- 9.2.4.1. United States
- 9.2.4.1.1. By Product (Value)
- 9.2.4.1.1.1. Maintenance, Repair, and Operations (MRO)
- 9.2.4.1.1.2. Personal Protective Equipment (PPE)
- 9.2.4.1.1.3. Others (Cutting Tools, etc.)
- 9.2.4.2. Canada
- 9.2.4.2.1. By Product (Value)
- 9.2.4.2.1.1. Maintenance, Repair, and Operations (MRO)
- 9.2.4.2.1.2. Personal Protective Equipment (PPE)
- 9.2.4.2.1.3. Others (Cutting Tools, etc.)
- 9.3. Europe Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.3.1. By Type (Value)
- 9.3.1.1. Carousel Vending Machine
- 9.3.1.2. Coil Vending Machine
- 9.3.1.3. Others (Cabinet Vending Machine, etc.)
- 9.3.2. By Product (Value)
- 9.3.2.1. Maintenance, Repair, and Operations (MRO)
- 9.3.2.2. Personal Protective Equipment (PPE)
- 9.3.2.3. Others (Cutting Tools, etc.)
- 9.3.3. By End-User (Value)
- 9.3.3.1. Manufacturing
- 9.3.3.2. Oil & Gas
- 9.3.3.3. Others (Military & Defense, etc.)
- 9.3.4. By Country (Value)
- 9.3.4.1. UK
- 9.3.4.1.1. By Product (Value)
- 9.3.4.1.1.1. Maintenance, Repair, and Operations (MRO)
- 9.3.4.1.1.2. Personal Protective Equipment (PPE)
- 9.3.4.1.1.3. Others (Cutting Tools, etc.)
- 9.3.4.2. Germany
- 9.3.4.2.1. By Product (Value)
- 9.3.4.2.1.1. Maintenance, Repair, and Operations (MRO)
- 9.3.4.2.1.2. Personal Protective Equipment (PPE)
- 9.3.4.2.1.3. Others (Cutting Tools, etc.)
- 9.3.4.3. France
- 9.3.4.3.1. By Product (Value)
- 9.3.4.3.1.1. Maintenance, Repair, and Operations (MRO)
- 9.3.4.3.1.2. Personal Protective Equipment (PPE)
- 9.3.4.3.1.3. Others (Cutting Tools, etc.)
- 9.3.4.4. Italy
- 9.3.4.4.1. By Product (Value)
- 9.3.4.4.1.1. Maintenance, Repair, and Operations (MRO)
- 9.3.4.4.1.2. Personal Protective Equipment (PPE)
- 9.3.4.4.1.3. Others (Cutting Tools, etc.)
- 9.3.4.5. Rest of Europe
- 9.4. Asia Pacific Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.4.1. By Type (Value)
- 9.4.1.1. Carousel Vending Machine
- 9.4.1.2. Coil Vending Machine
- 9.4.1.3. Others (Cabinet Vending Machine, etc.)
- 9.4.2. By Product (Value)
- 9.4.2.1. Maintenance, Repair, and Operations (MRO)
- 9.4.2.2. Personal Protective Equipment (PPE)
- 9.4.2.3. Others (Cutting Tools, etc.)
- 9.4.3. By End-User (Value)
- 9.4.3.1. Manufacturing
- 9.4.3.2. Oil & Gas
- 9.4.3.3. Others (Military & Defense, etc.)
- 9.4.4. By Country (Value)
- 9.4.4.1. China
- 9.4.4.1.1. By Product (Value)
- 9.4.4.1.1.1. Maintenance, Repair, and Operations (MRO)
- 9.4.4.1.1.2. Personal Protective Equipment (PPE)
- 9.4.4.1.1.3. Others (Cutting Tools, etc.)
- 9.4.4.2. Japan
- 9.4.4.2.1. By Product (Value)
- 9.4.4.2.1.1. Maintenance, Repair, and Operations (MRO)
- 9.4.4.2.1.2. Personal Protective Equipment (PPE)
- 9.4.4.2.1.3. Others (Cutting Tools, etc.)
- 9.4.4.3. India
- 9.4.4.3.1. By Product (Value)
- 9.4.4.3.1.1. Maintenance, Repair, and Operations (MRO)
- 9.4.4.3.1.2. Personal Protective Equipment (PPE)
- 9.4.4.3.1.3. Others (Cutting Tools, etc.)
- 9.4.4.4. Southeast Asia
- 9.4.4.4.1. By Product (Value)
- 9.4.4.4.1.1. Maintenance, Repair, and Operations (MRO)
- 9.4.4.4.1.2. Personal Protective Equipment (PPE)
- 9.4.4.4.1.3. Others (Cutting Tools, etc.)
- 9.4.4.5. Rest of Asia Pacific
- 9.5. Middle East & Africa Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.5.1. By Type (Value)
- 9.5.1.1. Carousel Vending Machine
- 9.5.1.2. Coil Vending Machine
- 9.5.1.3. Others (Cabinet Vending Machine, etc.)
- 9.5.2. By Product (Value)
- 9.5.2.1. Maintenance, Repair, and Operations (MRO)
- 9.5.2.2. Personal Protective Equipment (PPE)
- 9.5.2.3. Others (Cutting Tools, etc.)
- 9.5.3. By End-User (Value)
- 9.5.3.1. Manufacturing
- 9.5.3.2. Oil & Gas
- 9.5.3.3. Others (Military & Defense, etc.)
- 9.5.4. By Country (Value)
- 9.5.4.1. GCC
- 9.5.4.1.1. By Product (Value)
- 9.5.4.1.1.1. Maintenance, Repair, and Operations (MRO)
- 9.5.4.1.1.2. Personal Protective Equipment (PPE)
- 9.5.4.1.1.3. Others (Cutting Tools, etc.)
- 9.5.4.2. South Africa
- 9.5.4.2.1. By Product (Value)
- 9.5.4.2.1.1. Maintenance, Repair, and Operations (MRO)
- 9.5.4.2.1.2. Personal Protective Equipment (PPE)
- 9.5.4.2.1.3. Others (Cutting Tools, etc.)
- 9.5.4.3. Rest of Middle East & Africa
- 9.6. Latin America Industrial Vending Machines Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.6.1. By Type (Value)
- 9.6.1.1. Carousel Vending Machine
- 9.6.1.2. Coil Vending Machine
- 9.6.1.3. Others (Cabinet Vending Machine, etc.)
- 9.6.2. By Product (Value)
- 9.6.2.1. Maintenance, Repair, and Operations (MRO)
- 9.6.2.2. Personal Protective Equipment (PPE)
- 9.6.2.3. Others (Cutting Tools, etc.)
- 9.6.3. By End-User (Value)
- 9.6.3.1. Manufacturing
- 9.6.3.2. Oil & Gas
- 9.6.3.3. Others (Military & Defense, etc.)
- 9.6.4. By Country (Value)
- 9.6.4.1. Brazil
- 9.6.4.1.1. By Product (Value)
- 9.6.4.1.1.1. Maintenance, Repair, and Operations (MRO)
- 9.6.4.1.1.2. Personal Protective Equipment (PPE)
- 9.6.4.1.1.3. Others (Cutting Tools, etc.)
- 9.6.4.2. Mexico
- 9.6.4.2.1. By Product (Value)
- 9.6.4.2.1.1. Maintenance, Repair, and Operations (MRO)
- 9.6.4.2.1.2. Personal Protective Equipment (PPE)
- 9.6.4.2.1.3. Others (Cutting Tools, etc.)
- 9.6.4.3. Rest of Latin America
- 10. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 11. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
- 12. Fastenal Company
- 13. AutoCrib, Inc.
- 14. IVM Ltd.
- 15. Apex Industrial Technologies LLC.
- 16. Silkron
- 17. SupplyPro, Inc.
- 18. SupplyPoint
- 19. CribMaster
- 20. CMT Industrial Solutions
- 21. Brammers
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