The global industrial vending machine market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 11%.
The market growth can be attributed to several factors, such as the growing need for high-security industrial vending machines in data centers, increasing use of point-of-use inventory management and tracking solutions for industrial and safety supplies, and integration of IoT and cloud infrastructure into industrial vending machines.
The industrial vending machine market witnessed a significant decline in its size in 2020 owing to the spread of the virus. The pandemic has adversely impacted the supply chain of the industrial vending machine market, as some of the prominent market players are based in China, which was the epicenter of the COVID-19. Moreover, in the wake of the current situation, the key players are focusing on maintaining and generating operating revenues. This led to a reduction in the number of developments in the industrial vending machine market in 2020. A number of scheduled product launches and related developments have been delayed due to the pandemic. However, the impact of COVID-19 is expected to reduce during the forecast period.
The software segment is expected to exhibit a higher CAGR of the industrial vending machine market during the forecast period
Based on the offering, the industrial vending machine market has been divided into hardware and software. The software integrated into the industrial vending machine reports real-time data for every item in the inventory to track where it is, who has checked it out, and what job it has been assigned. Industrial vending machines and inventory control systems allow 24/7 access to safety gear and PPE supplies at the point of use. Employees have immediate access to these crucial items, while the inventory management software automatically maintains inventory quantities and purchase orders to prevent stock-outs.
Manufacturing segment to hold the largest share of industrial vending machine market during the forecast period
Industrial vending machines are automated devices that provide employees involved in a manufacturing process with the tools and materials to correctly and efficiently perform their duties on a timely basis. Industrial vending machines store, supply, and perform automatic inventory of tools and components used in the manufacturing process. The use of a vending machine for industrial supply helps eliminate costly restocking delays by predicting tool shortages. However, the outbreak of the COVID-19 pandemic has resulted in a temporary shutdown of manufacturing sites and facilities, which has hampered the purchasing power and financial condition of companies. This has adversely affected the growth of the industrial vending machine market for the short term.
The market for vertical lift machines to grow at the highest CAGR during the forecast period
On the basis of type, the market is categorized into vertical lift machines, coil vending machines, carousel vending machines, scale vending machines, and others. Rapid industrialization in emerging Asian economies, such as India and Vietnam, expanding e-commerce industry, and growing need for automated warehousing operations are the key factors fueling the demand for single-level delivery type vertical lift machines. Besides, there has been an increase in the adoption of vertical lift machines in various industries, such as semiconductor & electronics, aerospace, healthcare, and automotive, to store and retrieve components and raw materials.
APAC is expected to register the highest CAGR in the market during the forecast period
Among all regions, APAC is expected to register the highest growth in the industrial vending machine market during the forecast period. The entry of new players, increasing sales of industrial vending machines, and growing adoption of inventory management systems in the food, manufacturing, and healthcare industries are also driving the growth of the APAC market. However, the sudden outbreak of the COVID-19 pandemic has affected economic conditions and the adoption rate of inventory & asset management machines in many industries due to the high cost of industrial vending machines. However, the market’s growth is expected to pick up pace in the coming years with a gradual recovery of the region’s economy.
Research Coverage
In this report, the industrial vending machine market has been segmented on the basis of offering, type, end-user industry, and geography. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions - North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the industrial vending machine ecosystem.
Some of the major players in the industrial vending machine market include AutoCrib, Inc. (US), Fastenal Company (US), Airgas, Inc. (US), BRAMMER (Norway), SupplyPoint (UK), SupplyPro, Inc. (US), SECURASTOCK, LLC. (US), CribMaster (Georgia), IVM, Inc. (US), and Silkron (Malaysia), and so on.
Breakdown of primary participants:
- By Company Type: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25%
- By Designation: C-Level Executives = 40%, Directors = 35%, and Others = 25%
- By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%
Key benefits of buying the report:
- This report includes statistics for the industrial vending machine market based on offering, type, end-user industry, and geography, along with their respective market sizes.
- Value chain analysis and key industry trends have been provided for the market.
- Major drivers, restraints, opportunities, and challenges for the industrial vending machine market have been provided in detail in this report.
- This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, partnerships/acquisitions/contracts.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Definition and Scope
1.2.1 Inclusions and Exclusions
1.3 Study Scope
Figure 1 Industrial Vending Machine Market: Segmentation
1.3.1 Geographic Scope
1.3.2 Years Considered
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Market Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.2.2 List of Key Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Primary Interviews with Experts
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology - Approach 1 (Supply Side): Revenue of Key Players
Figure 4 Market Size Estimation Methodology - Approach 2 (Demand Side): Bottom-Up Approach for Estimation of Size of Industrial Vending Machine Market
2.2.1 Bottom-Up Approach
2.2.1.1 Estimating Market Size Using Bottom-Up Analysis (Demand Side)
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Estimating Market Size Using Top-Down Approach (Supply Side)
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
2.5 Risk Assessment
3 Executive Summary
Figure 8 Industrial Vending Machine Market: Optimistic, Realistic, and Pessimistic Scenario Analysis, 2017-2026
3.1 Industrial Vending Machine Market: Realistic Scenario (Post-COVID-19)
3.2 Industrial Vending Machine Market: Optimistic Scenario (Post-COVID-19)
3.3 Industrial Vending Machine Market: Pessimistic Scenario (Post-COVID-19)
Figure 9 Hardware Segment to Hold Larger Share of Industrial Vending Machine Market from 2021 to 2026
Figure 10 Vertical Lift Machines Segment to Register Highest CAGR in Industrial Vending Machine Market from 2021 to 2026
Figure 11 Healthcare Segment to Record Highest CAGR During Forecast Period
Figure 12 North America Held Largest Share of Industrial Vending Machine Market in 2020
4 Premium Insights
4.1 Key Opportunities in Industrial Vending Machine Market
Figure 13 APAC Industrial Vending Machine Market to Register Highest CAGR from 2021 to 2026
4.2 Industrial Vending Machine Market, by Offering
Figure 14 Software Segment to Register Higher CAGR in Industrial Vending Machine Market from 2021 to 2026
4.3 Industrial Vending Machine Market in APAC, by Country and End-user Industry
Figure 15 Manufacturing Segment and China Held Largest Shares of APAC Industrial Vending Machine Market in 2020
4.4 Industrial Vending Machine Market, by Country
Figure 16 India to Register Highest CAGR in Industrial Vending Machine During Forecast Period
4.5 Industrial Vending Machine Market, by Type
Figure 17 Coil Vending Machines Segment to Hold Largest Share of Industrial Vending Machine Market from 2021 to 2026
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Drivers, Restraints, Opportunities, and Challenges: Industrial Vending Machine Market
5.2.1 Drivers
5.2.1.1 Growing Need for High-Security Industrial Vending Machines in Data Centers
5.2.1.2 Increasing Use of Point-of-Use Inventory Management and Tracking Solutions for Industrial and Safety Supplies
5.2.1.3 Integration of IoT and Cloud Infrastructure into Industrial Vending Machines
Figure 19 Impact Analysis of Drivers on Industrial Vending Machine Market
5.2.2 Restraints
5.2.2.1 Availability of Low-Cost Vending Machines and Unnecessary Operational Downtime of Industrial Vending Machines in COVID-19 Period
5.2.2.2 Difficulties in Management of Wide Range of Consumables by Manufacturers
Figure 20 Impact Analysis of Restraints on Industrial Vending Machine Market
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Carousel Vending Machines by Small- and Medium-Sized Enterprises
5.2.3.2 Digitization of Supply Chains in Smart Factories Through Use of Industrial Vending Machines
Figure 21 Impact Analysis of Opportunities on Industrial Vending Machine Market
5.2.4 Challenges
5.2.4.1 Requirement of High Initial Investments in Installation of Industrial Vending Machines
Figure 22 Impact Analysis of Challenges on Industrial Vending Machine Market
5.3 Value Chain Analysis
Figure 23 Almost 65% of Value is Added by Supply Side of Value Chain
5.4 Technology Analysis
5.5 Patent Analysis
Table 1 Patents in Industrial Vending Machine Market
5.6 Porter's Five Forces Analysis
Figure 24 Porter's Five Forces Analysis, 2020
Table 2 Industrial Vending Machine Market: Porter's Five Forces Analysis
5.6.1 Intensity of Competitive Rivalry
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Buyers
5.6.4 Bargaining Power of Suppliers
5.6.5 Threat of New Entrants
5.7 Ecosystem Analysis
Figure 25 Key Markets Related to Industrial Vending Machine Ecosystem
5.8 Trends Impacting Businesses of Customers
5.9 Case Study Analysis
Table 3 Case Study 1: CribMaster
Table 4 Case Study 2: MSC Industrial Supply Co. Inc.
Table 5 Case Study 3: AutoCrib, Inc.
5.10 Average Selling Price (ASP) Trend
Figure 26 Trend of Average Selling Prices for Industrial Vending Machines
5.11 Trade Analysis
Figure 27 Import Data for Parts of Automatic Goods-Vending Machines, Incl. Money-Changing Machines, N.E.S., by Country, 2016-2020 (USD Thousand)
Figure 28 Export Data for Parts of Automatic Goods-Vending Machines, Incl. Money-Changing Machines, N.E.S., by Country, 2016-2020 (USD Thousand)
5.12 Regulatory Landscape
5.12.1 Relevant Regulations for Industrial Vending Machine Manufacturers in Food Industry
5.12.1.1 Directive (EC) 1935/2004
5.12.1.2 Directive (EC) 10/2011
5.12.1.3 Food and Drug Administration (FDA)
5.12.1.4 National Sanitation Foundation (NSF)
5.12.1.5 European Hygienic Equipment Design Group (EHEDG)
5.13 Analyst Insights
5.13.1 Are Traditional F&B Type Vending Market Leaders Getting into Industrial Vending - Why or Why Not? What Could be the Trend Going Ahead?
6 Solutions Provided by Industrial Vending Machines
6.1 Introduction
Figure 29 Solutions Offered by Industrial Vending Machine Market
6.2 Inventory Management
6.3 Automated Locker Solutions
6.4 Asset Management Solutions
7 Industrial Vending Machine Market, by Offering
7.1 Introduction
Figure 30 Industrial Vending Machine Market, by Offering
Figure 31 Software Segment to Register Higher CAGR During Forecast Period
Table 7 Industrial Vending Machine Market, by Offering, 2017-2020 (USD Million)
Table 8 Industrial Vending Machine Market, by Offering, 2021-2026 (USD Million)
7.2 Hardware
7.2.1 Hardware Segment to Account for Largest Share of Industrial Vending Machine Market
7.3 Software
7.3.1 Cloud-Based Software Suite is Highly Preferred for Industrial Vending Machines
8 Industrial Vending Machine Market, by Type
8.1 Introduction
Figure 32 Industrial Vending Machine Market, by Type
Figure 33 Coil Vending Machines Segment to Hold Largest Share of Industrial Vending Machine Market in 2021
Table 9 Industrial Vending Machine Market, by Type, 2017-2020 (USD Million)
Table 10 Industrial Vending Machine Market, by Type, 2021-2026 (USD Million)
Table 11 Industrial Vending Machine Market, 2017-2020 (Thousand Units)
Table 12 Industrial Vending Machine Market, 2021-2026 (Thousand Units)
8.2 Vertical Lift Machines
8.2.1 Vertical Lift Machines Offer Higher Flexibility Than Other Automated Storage and Retrieval Systems (Asrss)
Table 13 Industrial Vending Machine Market for Vertical Lift Machines, by Offering, 2017-2020 (USD Million)
Table 14 Industrial Vending Machine Market for Vertical Lift Machines, by Offering, 2021-2026 (USD Million)
Table 15 Industrial Vending Machine Market for Vertical Lift Machines, by End-user Industry, 2017-2020 (USD Million)
Table 16 Industrial Vending Machine Market for Vertical Lift Machines, by End-user Industry, 2021-2026 (USD Million)
Table 17 Industrial Vending Machine Market for Vertical Lift Machines in Aerospace Industry, by Region, 2017-2020 (USD Thousand)
Table 18 Industrial Vending Machine Market for Vertical Lift Machines in Aerospace Industry, by Region, 2021-2026 (USD Thousand)
Table 19 Industrial Vending Machine Market for Vertical Lift Machines in Healthcare Industry, by Region, 2017-2020 (USD Thousand)
Table 20 Industrial Vending Machine Market for Vertical Lift Machines in Healthcare Industry, by Region, 2021-2026 (USD Thousand)
Table 21 Industrial Vending Machine Market for Vertical Lift Machines in Manufacturing Industry, by Region, 2017-2020 (USD Thousand)
Table 22 Industrial Vending Machine Market for Vertical Lift Machines in Manufacturing Industry, by Region, 2021-2026 (USD Thousand)
Table 23 Industrial Vending Machine Market for Vertical Lift Machines in Oil & Gas Industry, by Region, 2017-2020 (USD Thousand)
Table 24 Industrial Vending Machine Market for Vertical Lift Machines in Oil & Gas Industry, by Region, 2021-2026 (USD Thousand)
Table 25 Industrial Vending Machine Market for Vertical Lift Machines in Construction Industry, by Region, 2017-2020 (USD Thousand)
Table 26 Industrial Vending Machine Market for Vertical Lift Machines in Construction Industry, by Region, 2021-2026 (USD Thousand)
Table 27 Industrial Vending Machine Market for Vertical Lift Machines in Others, by Region, 2017-2020 (USD Thousand)
Table 28 Industrial Vending Machine Market for Vertical Lift Machines in Others, by Region, 2021-2026 (USD Thousand)
Table 29 Industrial Vending Machine Market for Vertical Lift Machines, by Region, 2017-2020 (USD Million)
Table 30 Industrial Vending Machine Market for Vertical Lift Machines, by Region, 2021-2026 (USD Million)
8.3 Coil Vending Machines
8.3.1 Coil Vending Machine is Widely Adopted as It is Long-Lasting and Easy-To-Service Machine Currently Available
Table 31 Industrial Vending Machine Market for Coil Vending Machines, by Offering, 2017-2020 (USD Million)
Table 32 Industrial Vending Machine Market for Coil Vending Machines, by Offering, 2021-2026 (USD Million)
Table 33 Industrial Vending Machine Market for Coil Vending Machines, by End-user Industry, 2017-2020 (USD Million)
Table 34 Industrial Vending Machine Market for Coil Vending Machines, by End-user Industry, 2021-2026 (USD Million)
Table 35 Industrial Vending Machine Market for Coil Vending Machines in Aerospace Industry, by Region, 2017-2020 (USD Million)
Table 36 Industrial Vending Machine Market for Coil Vending Machines in Aerospace Industry, by Region, 2021-2026 (USD Million)
Table 37 Industrial Vending Machine Market for Coil Vending Machines in Healthcare Industry, by Region, 2017-2020 (USD Million)
Table 38 Industrial Vending Machine Market for Coil Vending Machines in Healthcare Industry, by Region, 2021-2026 (USD Million)
Table 39 Industrial Vending Machine Market for Coil Vending Machines in Manufacturing Industry, by Region, 2017-2020 (USD Thousand)
Table 40 Industrial Vending Machine Market for Coil Vending Machines in Manufacturing Industry, by Region, 2021-2026 (USD Thousand)
Table 41 Industrial Vending Machine Market for Coil Vending Machines in Oil & Gas Industry, by Region, 2017-2020 (USD Thousand)
Table 42 Industrial Vending Machine Market for Coil Vending Machines in Oil & Gas Industry, by Region, 2021-2026 (USD Thousand)
Table 43 Industrial Vending Machine Market for Coil Vending Machines in Construction Industry, by Region, 2017-2020 (USD Thousand)
Table 44 Industrial Vending Machine Market for Coil Vending Machines in Construction Industry, by Region, 2021-2026 (USD Thousand)
Table 45 Industrial Vending Machine Market for Coil Vending Machines in Others, by Region, 2017-2020 (USD Thousand)
Table 46 Industrial Vending Machine Market for Coil Vending Machines in Others, by Region, 2021-2026 (USD Thousand)
Table 47 Industrial Vending Machine Market for Coil Vending Machines, by Region, 2017-2020 (USD Million)
Table 48 Industrial Vending Machine Market for Coil Vending Machines, by Region, 2021-2026 (USD Million)
8.4 Carousel Vending Machines
8.4.1 Carousel Vending Machines Provide More Flexibility in Stocking of Items Compared to Coil-Based Machines
Table 49 Industrial Vending Machine Market for Carousel Vending Machines, by Offering, 2017-2020 (USD Million)
Table 50 Industrial Vending Machine Market for Carousel Vending Machines, by Offering, 2021-2026 (USD Million)
Table 51 Industrial Vending Machine Market for Carousel Vending Machines, by End-user Industry, 2017-2020 (USD Million)
Table 52 Industrial Vending Machine Market for Carousel Vending Machines, by End-user Industry, 2021-2026 (USD Million)
Table 53 Industrial Vending Machine Market for Carousel Vending Machines in Aerospace Industry, by Region, 2017-2020 (USD Thousand)
Table 54 Industrial Vending Machine Market for Carousel Vending Machines in Aerospace Industry, by Region, 2021-2026 (USD Thousand)
Table 55 Industrial Vending Machine Market for Carousel Vending Machines in Healthcare Industry, by Region, 2017-2020 (USD Thousand)
Table 56 Industrial Vending Machine Market for Carousel Vending Machines in Healthcare Industry, by Region, 2021-2026 (USD Thousand)
Table 57 Industrial Vending Machine Market for Carousel Vending Machines in Manufacturing Industry, by Region, 2017-2020 (USD Million)
Table 58 Industrial Vending Machine Market for Carousel Vending Machines in Manufacturing Industry, by Region, 2021-2026 (USD Million)
Table 59 Industrial Vending Machine Market for Carousel Vending Machines in Oil & Gas Industry, by Region, 2017-2020 (USD Thousand)
Table 60 Industrial Vending Machine Market for Carousel Vending Machines in Oil & Gas Industry, by Region, 2021-2026 (USD Thousand)
Table 61 Industrial Vending Machine Market for Carousel Vending Machines in Construction Industry, by Region, 2017-2020 (USD Thousand)
Table 62 Industrial Vending Machine Market for Carousel Vending Machines in Construction Industry, by Region, 2021-2026 (USD Thousand)
Table 63 Industrial Vending Machine Market for Carousel Vending Machines in Others, by Region, 2017-2020 (USD Thousand)
Table 64 Industrial Vending Machine Market for Carousel Vending Machines in Others, by Region, 2021-2026 (USD Thousand)
Table 65 Industrial Vending Machine Market for Carousel Vending Machines, by Region, 2017-2020 (USD Million)
Table 66 Industrial Vending Machine Market for Carousel Vending Machines, by Region, 2021-2026 (USD Million)
8.5 Scale Vending Machines
8.5.1 Scale Vending Machines are Ideal for Quick-Turn, High Volume, and Inexpensive Items
Table 67 Industrial Vending Machine Market for Scale Vending Machines, by Offering, 2017-2020 (USD Million)
Table 68 Industrial Vending Machine Market for Scale Vending Machines, by Offering, 2021-2026 (USD Million)
Table 69 Industrial Vending Machine Market for Scale Vending Machines, by End-user Industry, 2017-2020 (USD Thousand)
Table 70 Industrial Vending Machine Market for Scale Vending Machines, by End-user Industry, 2021-2026 (USD Thousand)
Table 71 Industrial Vending Machine Market for Scale Vending Machines in Aerospace Industry, by Region, 2017-2020 (USD Thousand)
Table 72 Industrial Vending Machine Market for Scale Vending Machines in Aerospace Industry, by Region, 2021-2026 (USD Thousand)
Table 73 Industrial Vending Machine Market for Scale Vending Machines in Healthcare Industry, by Region, 2017-2020 (USD Thousand)
Table 74 Industrial Vending Machine Market for Scale Vending Machines in Healthcare Industry, by Region, 2021-2026 (USD Thousand)
Table 75 Industrial Vending Machine Market for Scale Vending Machines in Manufacturing, by Region, 2017-2020 (USD Thousand)
Table 76 Industrial Vending Machine Market for Scale Vending Machines in Manufacturing Industry, by Region, 2021-2026 (USD Thousand)
Table 77 Industrial Vending Machine Market for Scale Vending Machines in Oil & Gas Industry, by Region, 2017-2020 (USD Thousand)
Table 78 Industrial Vending Machine Market for Scale Vending Machines in Oil & Gas Industry, by Region, 2021-2026 (USD Thousand)
Table 79 Industrial Vending Machine Market for Scale Vending Machines in Construction Industry, by Region, 2017-2020 (USD Thousand)
Table 80 Industrial Vending Machine Market for Scale Vending Machines in Construction Industry, by Region, 2021-2026 (USD Thousand)
Table 81 Industrial Vending Machine Market for Scale Vending Machines in Others, by Region, 2017-2020 (USD Thousand)
Table 82 Industrial Vending Machine Market for Scale Vending Machines in Others, by Region, 2021-2026 (USD Thousand)
Table 83 Industrial Vending Machine Market for Scale Vending Machines, by Region, 2017-2020 (USD Thousand)
Table 84 Industrial Vending Machine Market for Scale Vending Machines, by Region, 2021-2026 (USD Thousand)
8.6 Others
Table 85 Industrial Vending Machine Market for Others, by Offering, 2017-2020 (USD Million)
Table 86 Industrial Vending Machine Market for Others, by Offering, 2021-2026 (USD Million)
Table 87 Industrial Vending Machine Market for Others, by End-user Industry, 2017-2020 (USD Thousand)
Table 88 Industrial Vending Machine Market for Others, by End-user Industry, 2021-2026 (USD Thousand)
Table 89 Industrial Vending Machine Market for Others in Aerospace Industry, by Region, 2017-2020 (USD Thousand)
Table 90 Industrial Vending Machine Market for Others in Aerospace Industry, by Region, 2021-2026 (USD Thousand)
Table 91 Industrial Vending Machine Market for Others in Healthcare Industry, by Region, 2017-2020 (USD Thousand)
Table 92 Industrial Vending Machine Market for Others in Healthcare Industry, by Region, 2021-2026 (USD Thousand)
Table 93 Industrial Vending Machine Market for Others in Manufacturing Industry, by Region, 2017-2020 (USD Thousand)
Table 94 Industrial Vending Machine Market for Others in Manufacturing Industry, by Region, 2021-2026 (USD Thousand)
Table 95 Industrial Vending Machine Market for Others in Oil & Gas Industry, by Region, 2017-2020 (USD Thousand)
Table 96 Industrial Vending Machine Market for Others in Oil & Gas Industry, by Region, 2021-2026 (USD Thousand)
Table 97 Industrial Vending Machine Market for Others in Construction Industry, by Region, 2017-2020 (USD Thousand)
Table 98 Industrial Vending Machine Market for Others in Construction Industry, by Region, 2021-2026 (USD Thousand)
Table 99 Industrial Vending Machine Market for Others in Other End-user Industries, by Region, 2017-2020 (USD Thousand)
Table 100 Industrial Vending Machine Market for Others in Other End-user Industries, by Region, 2021-2026 (USD Thousand)
Table 101 Industrial Vending Machine Market for Others, by Region, 2017-2020 (USD Million)
Table 102 Industrial Vending Machine Market for Others, by Region, 2021-2026 (USD Million)
9 Business Models for Industrial Vending Machines
9.1 Introduction
Figure 34 Industrial Vending Machine Market, by Business Model
9.2 Supplier-Managed Solutions
9.2.1 Supplier-Managed Solutions Model is Predominantly Followed by Maintenance, Repair, and Operation (MRO) Product Distributors/Integrators
9.3 Supplier Agnostic Solutions
9.3.1 Supplier Agnostic Solutions Model is Followed by OEMs
10 Industrial Vending Machine Market, by End-user Industry
10.1 Introduction
Figure 35 Industrial Vending Machine Market, by End-user Industry
Figure 36 Industrial Vending Machine Market for Manufacturing Industry to Hold Largest Share During Forecast Period
Table 103 Industrial Vending Machine Market, by End-user Industry, 2017-2020 (USD Million)
Table 104 Industrial Vending Machine Market, by End-user Industry, 2021-2026 (USD Million)
10.2 Aerospace
10.2.1 Industry 4.0 Revolution Has Increased Usage of Intelligent Automated Dispensing Machines in Organizations Belonging to Aerospace Industry
Table 105 Industrial Vending Machine Market for Aerospace Industry, by Region, 2017-2020 (USD Million)
Table 106 Industrial Vending Machine Market for Aerospace Industry, by Region, 2021-2026 (USD Million)
10.3 Healthcare
10.3.1 Industrial Vending Machines Automate Inventory Management and Assist with Regulatory Compliance of Medical Industry
Figure 37 Driving Factors for Industrial Vending Machine Market for Healthcare Industry
Table 107 Industrial Vending Machine Market for Healthcare Industry, by Region, 2017-2020 (USD Million)
Table 108 Industrial Vending Machine Market for Healthcare Industry, by Region, 2021-2026 (USD Million)
10.4 Manufacturing
10.4.1 Use of Vending Machines for Industrial Supply Helps Eliminate Costly Restocking Delays by Predicting Tool Shortages
10.4.1.1 Steel Mill
10.4.1.2 Food & Beverage
10.4.1.3 Automotive
Table 109 Industrial Vending Machine Market for Manufacturing Industry, by Region, 2017-2020 (USD Million)
Table 110 Industrial Vending Machine Market for Manufacturing Industry, by Region, 2021-2026 (USD Million)
10.5 Oil & Gas
10.5.1 Industrial Vending Solutions Maximize Productivity in Oil & Gas Industry
Table 111 Industrial Vending Machine Market for Oil & Gas Industry, by Region, 2017-2020 (USD Million)
Table 112 Industrial Vending Machine Market for Oil & Gas Industry, by Region, 2021-2026 (USD Million)
10.6 Construction
10.6.1 Industrial Vending Machines Have Prominent Usage in Rail/Transit Sector
Table 113 Industrial Vending Machine Market for Construction Industry, by Region, 2017-2020 (USD Million)
Table 114 Industrial Vending Machine Market for Construction Industry, by Region, 2021-2026 (USD Million)
10.7 Others
10.7.1 Mining
10.7.2 Energy & Utility
10.7.3 Government & Military
Table 115 Industrial Vending Machine Market for Others, by Region, 2017-2020 (USD Million)
Table 116 Industrial Vending Machine Market for Others, by Region, 2021-2026 (USD Million)
11 Geographic Analysis
11.1 Introduction
Figure 38 Industrial Vending Machine Market, by Region
Figure 39 North America to Hold Largest Size of Industrial Vending Machine Market During Forecast Period
Table 117 Industrial Vending Machine Market, by Region, 2017-2020 (USD Million)
Table 118 Industrial Vending Machine Market, by Region, 2021-2026 (USD Million)
11.2 North America
Figure 40 Snapshot: Industrial Vending Machine Market in North America
Table 119 Industrial Vending Machine Market in North America, by Country, 2017-2020 (USD Million)
Table 120 Industrial Vending Machine Market in North America, by Country, 2021-2026 (USD Million)
Table 121 Industrial Vending Machine Market in North America, by End-user Industry, 2017-2020 (USD Million)
Table 122 Industrial Vending Machine Market in North America, by End-user Industry, 2021-2026 (USD Million)
Table 123 Industrial Vending Machine Market in North America, by Type, 2017-2020 (USD Million)
Table 124 Industrial Vending Machine Market in North America, by Type, 2021-2026 (USD Million)
11.2.1 Impact of COVID-19 on Industrial Vending Machine Market in North America
Figure 41 Analysis of Market in North America: Pre- vs. Post-COVID-19
11.2.2 US
11.2.2.1 Large Presence of Major Players to Drive Market Growth in US
11.2.3 Canada
11.2.3.1 Increasing Government-Led Investments in Vending Technology for Healthcare Industry to Drive Market Growth
11.2.4 Mexico
11.2.4.1 Mexico to Witness High Growth Opportunities for Industrial Vending Machine Market
11.3 Europe
Figure 42 Snapshot: Industrial Vending Machine Market in Europe
Table 125 Industrial Vending Machine Market in Europe, by Country, 2017-2020 (USD Million)
Table 126 Industrial Vending Machine Market in Europe, by Country, 2021-2026 (USD Million)
Table 127 Industrial Vending Machine Market in Europe, by End-user Industry, 2017-2020 (USD Million)
Table 128 Industrial Vending Machine Market in Europe, by End-user Industry, 2021-2026 (USD Million)
Table 129 Industrial Vending Machine Market in Europe, by Type, 2017-2020 (USD Million)
Table 130 Industrial Vending Machine Market in Europe, by Type, 2021-2026 (USD Million)
11.3.1 Impact of COVID-19 on Industrial Vending Machine Market in Europe
Figure 43 Analysis of Market in Europe: Pre- vs. Post-COVID-19
11.3.2 UK
11.3.2.1 Growing Use of Touchless PPE Vending Machines in Manufacturing Industry to Support Market Growth in UK
11.3.3 Germany
11.3.3.1 Growing Demand for Vending Machines in Food & Beverage Industry to Drive Market Growth in Germany
11.3.4 France
11.3.4.1 France to Register Highest Growth Rate in European Market During Forecast Period
11.3.5 Rest of Europe
11.4 APAC
Figure 44 Snapshot: Industrial Vending Machine Market in Asia-Pacific
Table 131 Industrial Vending Machine Market in APAC, by Country, 2017-2020 (USD Million)
Table 132 Industrial Vending Machine Market in APAC, by Country, 2021-2026 (USD Million)
Table 133 Industrial Vending Machine Market in APAC, by End-user Industry, 2017-2020 (USD Million)
Table 134 Industrial Vending Machine Market in APAC, by End-user Industry, 2021-2026 (USD Million)
Table 135 Industrial Vending Machine Market in APAC, by Type, 2017-2020 (USD Million)
Table 136 Industrial Vending Machine Market in APAC, by Type, 2021-2026 (USD Million)
11.4.1 Impact of COVID-19 on Industrial Vending Machine Market in APAC
Figure 45 Analysis of Market in APAC: Pre- vs. Post-COVID-19
11.4.2 China
11.4.2.1 Integration of Internet Solutions into Vending Machines to Drive Market Growth
11.4.3 Japan
11.4.3.1 Increasing Sale of Industrial Vending Machines to Boost Market Growth During the Forecast Period
11.4.4 India
11.4.4.1 Low Cost of Coil/Helix Industrial Vending Machines is Increasing Their Usage in India
11.4.5 Rest of APAC
11.5 RoW
11.5.1 Impact of COVID-19 Industrial Vending Machine Market in RoW
Figure 46 Analysis of Market in RoW: Pre- vs. Post-COVID-19
Table 137 Industrial Vending Machine Market in RoW, by Region, 2017-2020 (USD Million)
Table 138 Industrial Vending Machine Market in RoW, by Region, 2021-2026 (USD Million)
Table 139 Industrial Vending Machine Market in RoW, by End-user Industry, 2017-2020 (USD Million)
Table 140 Industrial Vending Machine Market in RoW, by End-user Industry, 2021-2026 (USD Million)
Table 141 Industrial Vending Machine Market in RoW, by Type, 2017-2020 (USD Million)
Table 142 Industrial Vending Machine Market in RoW, by Type, 2021-2026 (USD Million)
11.5.2 South America
11.5.2.1 Growing Use of IoT-Connected Vending Machines to Boost Growth of Industrial Vending Machine Market
11.5.3 Middle East & Africa
11.5.3.1 Increasing Adoption of Personal Protection Equipment and Industrial Management Systems to Fuel Market Growth
12 Competitive Landscape
12.1 Introduction
12.2 Key Player Strategies/Right to Win
12.2.1 Overview of Strategies Adopted by Key Players in Industrial Vending Machine Market
12.3 Revenue Analysis of Top Players
Figure 47 5-Year Revenue Analysis of Top Players in Industrial Vending Machine Market, 2016-2020
12.4 Market Share Analysis of Key Players in 2020
Figure 48 Market Share Analysis of Key Players in Industrial Vending Machine Market in 2020
Table 143 Industrial Vending Machine Market: Degree of Competition
Table 144 Industrial Vending Machine Market: Ranking Analysis
12.5 Company Evaluation Quadrant, 2020
12.5.1 Star
12.5.2 Emerging Leader
12.5.3 Pervasive
12.5.4 Participant
Figure 49 Industrial Vending Machine Market (Global) Company Evaluation Quadrant, 2020
12.6 Competitive Benchmarking
12.6.1 Company Footprint, by End-user Industry
12.6.2 Company Footprint, by Region
12.6.3 Company Product Footprint
12.7 Startup/SME Evaluation Quadrant, 2020
12.7.1 Progressive Company
12.7.2 Responsive Company
12.7.3 Dynamic Company
12.7.4 Starting Block
Figure 50 Industrial Vending Machine Market (Global) Startup/SME Evaluation Quadrant, 2020
12.8 Competitive Situations and Trends
12.8.1 Product Launches/Developments
Table 145 Product Launches/Developments, 2018-2021
12.8.2 Deals
Table 146 Deals, 2019-2020
13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
13.1 Introduction
13.2 Impact of COVID-19 on Players in Industrial Vending Machine Market
13.3 Key Players
13.3.1 Fastenal Company
Table 147 Fastenal Company: Business Overview
Figure 51 Fastenal Company: Company Snapshot
Table 148 Fastenal Company: Product Launches
Table 149 Fastenal Company: Deals
13.3.2 AutoCrib, Inc.
Table 150 AutoCrib, Inc.: Business Overview
Table 151 AutoCrib, Inc.: Deals
13.3.3 Airgas, Inc.
Table 152 Airgas, Inc.: Business Overview
Table 153 Airgas, Inc.: Deals
13.3.4 SupplyPoint
Table 154 SupplyPoint: Business Overview
Table 155 SupplyPoint: Product Launches
13.3.5 Brammer
Table 156 Brammer: Business Overview
13.3.6 SupplyPro, Inc.
Table 157 SupplyPro, Inc.: Business Overview
Table 158 SupplyPro, Inc.: Product Launches
13.3.7 CribMaster
Table 159 CribMaster: Business Overview
Table 160 CribMaster: Product Launches
13.3.8 IVM, Inc.
Table 161 IVM, Inc.: Business Overview
13.3.9 SecuraStock, LLC
Table 162 SecuraStock, LLC: Business Overview
13.3.10 Silkron
Table 163 Silkron: Business Overview
13.4 Other Players
13.4.1 Intelligent Dispensing Solutions
13.4.2 AutomatyBHP
13.4.3 MSC Industrial Direct Co. Inc.
13.4.4 W.W. Grainger, Inc.
13.4.5 Seaga Manufacturing Inc.
13.4.6 Easier Vending LLC
13.4.7 Turtle & Hughes
13.4.8 Digital Media Vending International, LLC
13.4.9 1SourceVend
13.4.10 Vending Design Works
13.4.11 Industrial Vending Systems
13.4.12 Vechnology
13.4.13 Reliance Supply, Inc.
13.4.14 Engineers Mate Ltd.
13.4.15 IMC Group
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: The Subscription Portal
14.3 Available Customizations
Executive Summary
Companies Mentioned
- 1SourceVend
- Airgas, Inc.
- AutoCrib, Inc.
- AutomatyBHP
- Brammer
- CribMaster
- Digital Media Vending International, LLC
- Easier Vending LLC
- Engineers Mate Ltd.
- Fastenal Company
- IMC Group
- Industrial Vending Systems
- Intelligent Dispensing Solutions
- IVM, Inc.
- MSC Industrial Direct Co. Inc.
- Reliance Supply, Inc.
- Seaga Manufacturing Inc.
- SecuraStock, LLC
- Silkron
- SupplyPoint
- SupplyPro, Inc.
- Turtle & Hughes
- Vechnology
- Vending Design Works
- W.W. Grainger, Inc.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 209 |
| Published | August 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.8 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
