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Industrial Vending Machine Market Size, Share & Trends Analysis Report by Type (Carousel, Coil), by Product (MRO, PPE), by End Use (Manufacturing, Oil & Gas), by Region, and Segment Forecasts, 2020 - 2027

  • ID: 4452044
  • Report
  • February 2020
  • Region: Global
  • 109 Pages
  • Grand View Research

FEATURED COMPANIES

  • Airgas, Inc.
  • AutoCrib, Inc.
  • Brammer
  • CMT Industrial Solutions
  • CribMaster
  • Fastenal Company
The global industrial vending machine market size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027. The increasing need for downtime cost reduction in companies is expected to drive the growth of the market over the forecast period. Industrial vending machines are expected to lower operational downtime by enabling companies to efficiently manage their inventory. Moreover, these systems are available in different types such as carousel and coil vending machines and are designed by original equipment manufacturers (OEMs) to cater to diverse requirements across various end-use industries.

Increasing regulations in companies concerning employee safety are expected to drive the growth of the market. Vending machines for personal protective equipment (PPE) are increasingly being implemented in manufacturing and oil and gas companies to enable the efficient usage of protective equipment such as gloves, goggles, and helmets. Furthermore, maintenance, repair, and operations (MRO) machines are installed at maintenance facilities in aviation industries, where downtime is unfavorable for business operations.

OEMs are developing industrial vending machines that are IoT-enabled. For instance, vending machines are connected to the internet enable data management of inventory usage and tracking of inventory to prevent fraudulent activities such as theft. Moreover, these systems are connected to the cloud to enable remote access to data. Thus, the company can carry out effective management of the inventory and prevent unnecessary expenses on inventory replenishment.

The market comprises a few major players such as Fastenal Company, Grainger, and AutoCrib, which are mainly involved in the manufacturing and distribution of this equipment. Additionally, these players provide services such as consulting and maintenance, and offer either supplier-managed solutions or supplier-agnostic solutions. Numerous solution vendors are also upgrading their existing offerings with cloud-based tracking capabilities, which is expected to further drive the market.

Further key findings from the study suggest:
  • Industrial coil vending machines are expected to be widely adopted over the forecast period due to their large inventory holding capacity
  • Asia Pacific is expected to be the fastest-growing regional industrial vending machine market, registering a CAGR of 11.1% over the forecast period. The growth can be attributed to the increasing adoption of automation processes across various industries in this region
  • Small and medium enterprises (SMEs) and specialty manufacturing units are increasingly adopting industrial vending systems owing to long-term benefits of cost saving
  • The market is expected to gain significant traction in the manufacturing end use segment owing to the benefits of efficient monitoring of inventory
  • Personal and protective equipment is estimated to be the fastest-growing product segment, registering a CAGR of more than 10.0% over the forecast period owing to increased emphasis on employee safety
  • Key industry participants include Fastenal Company, AutoCrib, Inc., Apex Industrial Technologies LLC, Silkron, SupplyPro, Inc., SupplyPoint, CribMaster, CMT Industrial Solutions, IVM Ltd., Brammer, and Grainger, Inc.


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FEATURED COMPANIES

  • Airgas, Inc.
  • AutoCrib, Inc.
  • Brammer
  • CMT Industrial Solutions
  • CribMaster
  • Fastenal Company

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Industrial Vending Machine Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 Global Industrial Vending Machine Market, 2016 - 2027
2.2.1 Global industrial vending machine market, by region, 2016 - 2027
2.2.2 Global industrial vending machine market, by type, 2016 - 2027
2.2.3 Global industrial vending machine market, by product, 2016 - 2027
2.2.4 Global industrial vending machine market, by end use, 2016 - 2027
Chapter 3 Industrial Vending Machine Industry Outlook
3.1 Market Segmentation and Scope
3.2 Industrial Vending Machine Market - Value Chain Analysis
3.3 Market Size and Growth Prospects
3.4 Industrial Vending Machine Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Cost saving benefits
3.4.1.2 Usage monitoring and control
3.4.2 Market challenge analysis
3.4.2.1 High equipment cost
3.5 Penetration and Growth Prospect Mapping
3.6 Industrial Vending Machine Market - Porter’s Five Forces Analysis
3.7 Industrial Vending Machine Market - PESTEL Analysis
3.8 Industrial Vending Machine Market - Company Ranking, 2019
3.9 Market Lineage Outlook
3.9.1 Parent market outlook
3.9.2 Related/ancillary market outlook
3.9.2.1 Maintenance Repair and Overhaul (MRO) market
3.9.2.2 Personal Protective Equipment (PPE) market
3.10 Industrial Vending Machine Market - Case Study
Chapter 4 Industrial Vending Machine Type Outlook
4.1 Industrial Vending Machine Market Share by Type, 2019 & 2027
4.2 Carousel Vending Machine
4.2.1 Industrial carousel vending machine market, 2016 - 2027
4.3 Coil Vending Machine
4.3.1 Industrial coil vending machine market, 2016 - 2027
4.4 Others
4.4.1 Other industrial vending machine market, 2016 - 2027
Chapter 5 Industrial Vending Machine Product Outlook
5.1 Industrial Vending Machine Market Share by Product, 2019 & 2027
5.2 Maintenance, Repair and Operations (MRO)
5.2.1 Industrial MRO vending machine market, 2016 - 2027
5.3 Personal Protective Equipment (PPE)
5.3.1 Industrial PPE vending machine market, 2016 - 2027
5.4 Others
5.4.1 Other industrial vending machine products market, 2016 - 2027
Chapter 6 Industrial Vending Machine End Use Outlook
6.1 Industrial Vending Machine Market Share by End Use, 2019 & 2027
6.2 Manufacturing
6.2.1 Industrial vending machine in manufacturing, 2016 - 2027
6.3 Oil & Gas
6.3.1 Industrial vending machine in oil & gas, 2016 - 2027
6.4 Others
6.4.1 Industrial vending machine in other end use, 2016 - 2027
Chapter 7 Industrial Vending Machine Regional Outlook
7.1 Industrial Vending Machine Market Share, by Region, 2019 & 2027
7.2 North America
7.2.1 North America industrial vending machine market, 2016 - 2027
7.2.2 North America industrial vending machine market, by type, 2016 - 2027
7.2.3 North America industrial vending machine market, by product, 2016 - 2027
7.2.4 North America industrial vending machine market, by end use, 2016 - 2027
7.2.5 U.S.
7.2.5.1 U.S. industrial vending machine market, 2016 - 2027
7.2.5.2 U.S. industrial vending machine market, by type, 2016 - 2027
7.2.5.3 U.S. industrial vending machine market, by product, 2016 - 2027
7.2.5.4 U.S. industrial vending machine market, by end use, 2016 - 2027
7.2.6 Canada
7.2.6.1 Canada industrial vending machine market, 2016 - 2027
7.2.6.2 Canada industrial vending machine market, by type, 2016 - 2027
7.2.6.3 Canada industrial vending machine market, by product, 2016 - 2027
7.2.6.4 Canada industrial vending machine market, by end use, 2016 - 2027
7.3 Europe
7.3.1 Europe industrial vending machine market, 2016 - 2027
7.3.2 Europe industrial vending machine market, by type, 2016 - 2027
7.3.3 Europe industrial vending machine market, by product, 2016 - 2027
7.3.4 Europe industrial vending machine market, by end use, 2016 - 2027
7.3.5 U.K.
7.3.5.1 U.K. industrial vending machine market, 2016 - 2027
7.3.5.2 U.K. industrial vending machine market, by type, 2016 - 2027
7.3.5.3 U.K. industrial vending machine market, by product, 2016 - 2027
7.3.5.4 U.K. industrial vending machine market, by end use, 2016 - 2027
7.3.6 Germany
7.3.6.1 Germany industrial vending machine market, 2016 - 2027
7.3.6.2 Germany industrial vending machine market, by type, 2016 - 2027
7.3.6.3 Germany industrial vending machine market, by product, 2016 - 2027
7.3.6.4 Germany industrial vending machine market, by end use, 2016 - 2027
7.4 Asia Pacific
7.4.1 Asia Pacific industrial vending machine market, 2016 - 2027
7.4.2 Asia Pacific industrial vending machine market, by type, 2016 - 2027
7.4.3 Asia Pacific industrial vending machine market, by product, 2016 - 2027
7.4.4 Asia Pacific industrial vending machine market, by end use, 2016 - 2027
7.4.5 China
7.4.5.1 China industrial vending machine market, 2016 - 2027
7.4.5.2 China industrial vending machine market, by type, 2016 - 2027
7.4.5.3 China industrial vending machine market, by product, 2016 - 2027
7.4.5.4 China industrial vending machine market, by end use, 2016 - 2027
7.4.6 India
7.4.6.1 India industrial vending machine market, 2016 - 2027
7.4.6.2 India industrial vending machine market, by type, 2016 - 2027
7.4.6.3 India industrial vending machine market, by product, 2016 - 2027
7.4.6.4 India industrial vending machine market, by end use, 2016 - 2027
7.4.7 Japan
7.4.7.1 Japan industrial vending machine market, 2016 - 2027
7.4.7.2 Japan industrial vending machine market, by type, 2016 - 2027
7.4.7.3 Japan industrial vending machine market, by product, 2016 - 2027
7.4.7.4 Japan industrial vending machine market, by end use, 2016 - 2027
7.5 Latin America
7.5.1 Latin America industrial vending machine market, 2016 - 2027
7.5.2 Latin America industrial vending machine market, by type, 2016 - 2027
7.5.3 Latin America industrial vending machine market, by product, 2016 - 2027
7.5.4 Latin America industrial vending machine market, by end use, 2016 - 2027
7.5.5 Brazil
7.5.5.1 Brazil industrial vending machine market, 2016 - 2027
7.5.5.2 Brazil industrial vending machine market, by type, 2016 - 2027
7.5.5.3 Brazil industrial vending machine market, by product, 2016 - 2027
7.5.5.4 Brazil industrial vending machine market, by end use, 2016 - 2027
7.5.6 Mexico
7.5.6.1 Mexico industrial vending machine market, 2016 - 2027
7.5.6.2 Mexico industrial vending machine market, by type, 2016 - 2027
7.5.6.3 Mexico industrial vending machine market, by product, 2016 - 2027
7.5.6.4 Mexico industrial vending machine market, by end use, 2016 - 2027
7.6 MEA
7.6.1 MEA industrial vending machine market, 2016 - 2027
7.6.2 MEA industrial vending machine market, by type, 2016 - 2027
7.6.3 MEA industrial vending machine market, by product, 2016 - 2027
7.6.4 MEA industrial vending machine market, by end use, 2016 - 2027
Chapter 8 Competitive Landscape
8.1 Airgas, Inc.
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Apex Industrial Technologies, LLC
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 AutoCrib, Inc.
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Brammer
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.5 CMT Industrial Solutions
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.6 CribMaster
8.6.1 Company overview
8.6.2 Product benchmarking
8.6.3 Strategic initiatives
8.7 Fastenal Company
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 MSC Industrial Direct Co., Inc.
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 IVM Ltd.
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.10 Silkron
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.11 SupplyPoint
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarking
8.11.4 Strategic initiatives
8.12 SupplyPro, Inc.
8.12.1 Company overview
8.12.2 Financial performance
8.12.3 Product benchmarking
8.12.4 Strategic initiatives
8.13 W.W. Grainger, Inc.
8.13.1 Company overview
8.13.2 Financial performance
8.13.3 Product benchmarking
Note: Product cover images may vary from those shown
  • Airgas, Inc.
  • Apex Industrial Technologies, LLC
  • AutoCrib, Inc.
  • Brammer
  • CMT Industrial Solutions
  • CribMaster
  • Fastenal Company
  • MSC Industrial Direct Co., Inc.
  • IVM Ltd.
  • Silkron
  • SupplyPoint
  • SupplyPro, Inc.
  • W.W. Grainger, Inc.
Note: Product cover images may vary from those shown

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