Global Industrial Vending Machine Market to reach USD 4.58 Billion by 2027. Global Industrial Vending Machine Market is valued approximately at USD 2.41 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.6% over the forecast period 2021-2027. Increasing demand for high-security industrial vending machines in data centers and rising adoption of vending machines by SMSEs enterprises are the factors which are driving the growth of Industrial Vending Machine market. Furthermore, digitization of supply chains in smart factories through use of industrial vending will be anticipating the growth of market in forecasted period. For instance: in April 2020, Fastenal Company acquired Apex Industrial Technologies, an automated point-of-use dispensing and supply chain company to promote a fast-growing sales channel of industrial vending machines. This strategy will help them to strengthen the position in global market. However, high investments are needed in the installation of industrial vending machines which may impede market growth over the forecast period of 2021-2027.
Global Industrial Vending Machine market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to the presence of major key market players in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the increasing adoption of PPE vending machines and concerns about workforce safety in the region.
Major market player included in this report are:
AutoCrib, Inc.
Fastenal Company
Airgas, Inc.
BRAMMER
SupplyPoint
SupplyPro, Inc.
SECURASTOCK, LLC.
CribMaster
IVM, Inc.
Silkron
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering
Hardware
Software
By Type
Vertical Lift Machines
Coil Vending Machines
Carousel Vending Machines
Scale Vending Machines
Others
By End-User
Aerospace
Healthcare
Manufacturing
Oil & Gas
Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Industrial Vending Machine Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors