Reports

Industrial Vending Machine Market

Global Industrial Vending Machine Market: By Type: Carousel, Coil, Others; By Product: Personal Protective Equipment, Maintenance, Repair and Operations, Others; By End Use: Aerospace, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Industrial Vending Machine Market Outlook

The global industrial vending machine market reached a value of about USD 2.38 billion in 2020. The market is further expected to grow at a CAGR of 8% in the forecast period of 2023-2028.

 

Global Industrial Vending Machine Market

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Increasing Demand for Personal Protective Equipment to Augment the Industrial Vending Machine Industry Growth

Based on product, personal protective equipment (PPE) accounts for a significant share in the industrial vending machine industry. This can be attributed to the rise in the safety concerns for the employees across the globe. The stringent government regulations regarding safety have been a huge boost for the PPE market.

By type, coil vending machines are expected to see a robust growth in the forecast period due to the increase in demand for high-capacity industrial vending machines in several end-user industries.

 

The Asia Pacific to Provide Enhanced Growth Opportunities to the Industrial Vending Machine Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the growth of the manufacturing industry in countries like India and China. These machines help in increasing the efficiency of inventory management, and, thus, help the manufacturing industry increase its profit.  This is expected to be the major factor driving the growth of the industry in the Asia Pacific.

 

Industrial Vending Machine: Market Segmentation

Industrial vending machine is a 24*7 solution at the manufacturing site that automatically dispenses the necessary servicing and repair and operation products and conducts automated record keeping. The computer may be programmed to be accessed for a specified time frame by a single employee or group of employees, for a specific sum. This helps the company remove the excessive use of inventory. From gloves to wrenches, it can also be designed to handle irregular-sized and shaped supplies, thus, removing the need to repackage or reform items before returning them. The auto-replenishment option also comes with vending machines.

 

Global Industrial Vending Machine Market

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By type, the market is divided into:

  • Carousel
  • Coil
  • Others

Based on product, the industry can be segmented into:

  • Personal Protective Equipment
  • Maintenance, Repair, and Operations (MRO)
  • Others

The market is divided based on end use into:

  • Aerospace
  • Engineering Services
  • Manufacturing
  • Oil and Gas
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Industrial Vending Machine Market

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Increasing Demand from Small and Medium Industries in Various End Use Sectors to Bolster the Growth of the Industrial Vending Machine Industry

With a rise in the number of small and medium industries all across the globe, the demand for industrial vending machines in various sectors, including aerospace, engineering services, and others, is at an all-time high. As the industries have to cater to a large customer base, the carousel vending machine has turned out to be one of the most preferred machines. This can be understood as carousel machines are small, cost-effective, and consume less energy, which make it an ideal choice for use among consumers. This has led to a significant growth of the industrial vending machine industry. However, the downside with a vending machine is the high initial cost, which may lead to its poor sales. Thus, this may hinder the growth of the industrial vending machine industry.
 
Over the forecast period, increasing demand for PPE kits and carousel vending machine is expected to favour the industry growth. The rise in technological advancements is expected to be a major trend in the coming years.

 

Key Industry Players in the Global Industrial Vending Machine Market

The report gives a detailed analysis of the following key players in the global industrial vending machine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • AutoCrib, Inc 
  • Airgas, Inc. 
  • Fastenal Company  
  • MSC Industrial Direct Co., Inc 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Product, End Use, Region
Breakup by Type Carousel, Coil, Others
Breakup by Product Personal Protective Equipment, Maintenance, Repair and Operations, Others
Breakup by End Use Aerospace, Engineering Services, Manufacturing, Oil and Gas, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered AutoCrib, Inc., Airgas, Inc., Fastenal Company, MSC Industrial Direct Co., Inc, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Industrial Vending Machine Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Industrial Vending Machine Historical Market (2018-2022) 
    8.3    Global Industrial Vending Machine Market Forecast (2023-2028)
    8.4    Global Industrial Vending Machine Market by Type
        8.4.1    Carousel
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Coil
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Industrial Vending Machine Market by Product
        8.5.1    Personal Protective Equipment
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Maintenance, Repair and Operations
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Industrial Vending Machine Market by End Use
        8.6.1    Aerospace
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Engineering Services
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Manufacturing
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Oil and Gas
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others    
    8.7    Global Industrial Vending Machine Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Industrial Vending Machine Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Industrial Vending Machine Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Industrial Vending Machine Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Industrial Vending Machine Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Industrial Vending Machine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    AutoCrib, Inc. 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Airgas, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Fastenal Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    MSC Industrial Direct Co., Inc 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Others
16    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Industrial Vending Machine Market: Key Industry Highlights, 2018 and 2028
2.    Global Industrial Vending Machine Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Industrial Vending Machine Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Industrial Vending Machine Historical Market: Breakup by Product (USD Billion), 2018-2022
5.    Global Industrial Vending Machine Market Forecast: Breakup by Product (USD Billion), 2023-2028
6.    Global Industrial Vending Machine Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Industrial Vending Machine Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Industrial Vending Machine Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Industrial Vending Machine Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Industrial Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Industrial Vending Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Industrial Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Industrial Vending Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Industrial Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Industrial Vending Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Industrial Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Industrial Vending Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Industrial Vending Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Industrial Vending Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Industrial Vending Machine Market Structure

Key Questions Answered in the Report

What was the global industrial vending machine market size in 2020?

In 2020, the global industrial vending machine market attained a value of nearly USD 2.38 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 8% between 2023 and 2028.

What are the major industry drivers?

The industry is primarily being driven by the rise in technological advancements, growth of the manufacturing industry, rise in safety concerns, and stringent government regulations.

What are the key industry trends of the global industrial vending machine market?

The key trends leading the market’s growth are the rise in the number of small and medium industries, and increasing demand for PPE kits and carousel vending machine.

What are the major regional markets of the global industrial vending machine market, according to the EMR report?

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.

What is the dominant product in the industry?

The personal protective equipment (PPE) segment is the dominant product in the industry.

What is the leading type of machine in the industry?

Coil vending machines are the leading type of machine in the sector.

What is the end-use of the market?

The end-uses are aerospace, engineering services, manufacturing, oil and gas, among others.

Who are the key industry players, according to the report?

The major players in the industry are AutoCrib, Inc., Airgas, Inc., Fastenal Company, and MSC Industrial Direct Co., Inc, among others.

Analyst Review

The global industrial vending machine market attained a value of USD 2.38 billion in 2020, driven by the growing demand for industrial vending machines in different sectors, such as aerospace and engineering services. Aided by the rise in the number of small and medium industries, and increasing demand for PPE kits, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global industrial vending machine industry can be segmented into carousel and coil, among others, with coil accounting for the largest market share. By product, the industry can be classified into personal protective equipment and maintenance, repair and operations, among others, with personal protective equipment (PPE) accounting for the largest market share. By end-use, aerospace, engineering services, manufacturing, oil and gas, among others are the various sectors. The major regional markets for industrial vending machine are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include AutoCrib, Inc., Airgas, Inc., Fastenal Company, and MSC Industrial Direct Co., Inc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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