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From 2024–2031, the worldwide market for industrial vending machines is expected to expand from an initial valuation of $2,757.99 million, at a CAGR (compound annual growth rate) of 10.8 percent. Industrial vending machines are expected to see a surge in demand as a result of the rising popularity of these devices among SMEs. It is expected that the installation of these devices will increase in the next years due to their cost-effectiveness, which would enable firms to raise their revenue.
This market is growing because the vending business is increasingly focusing on implementing technology implications for real-time inventory management of products like tools and industrial equipment. Businesses in the oil and gas and manufacturing sectors have begun using these systems to automate the dispensing of personal protective equipment (PPE) and maintenance, repair, and overhaul (MRO), which has greatly improved the efficiency of stock management. The essential manufacturing process in the aviation industry has seen less operational downtime since these vending devices were implemented. The major benefit of this approach is that it promotes product demand worldwide by making employees more likely to use personal protective equipment (PPE).
As a result of the abrupt global spread of the COVID-19 epidemic, governments have imposed stringent regulations on the manufacturing industry. The manufacturing sectors ground to a standstill for over a quarter as a result of the lockdown strategy that was implemented across many countries. Because of this, the manufacturing and distribution of these equipment were both impacted.
The demand for high-security industrial vending machines in data centers is on the rise, as is the importance of employee safety and the use of personal protective equipment (PPE) on a global scale. These factors are propelling the industrial vending machines market. Modern innovation has been a boon to the industrial vending machines industry. Future market opportunities for multilingual display systems will be greatly enhanced by including RFID tags and cloud infrastructure.
For example, IVM's vending machines use the SaveLog software, which has features like RFID tags for recording transactions, multi-language screens, and stock replenishment notifications. Automatic vending machines can distribute all commodities without the need for personnel help. There will be a brisk increase in sales of industrial vending machines to meet the rising demand for smart devices.
Important spare parts can be dispensed via industrial vending machines in the event of a breakdown. A high-security industrial vending machine equipped with storage management software can be used to track crucial IT equipment, thereby addressing the difficulty of storage resource management (SRM) that facilities encounter. You have round-the-clock access control with the industrial vending machine. Drives and other essential replacement parts can be borrowed from an industrial vending machine rather being retrieved from unsupervised storage closets. The system updates itself when a drive's service life is up, so it can keep track of which cluster and rack the drive is in when it's checked out to a work order. There are a number of ways in which data centers might manage access, such as limiting the amount of drives that each technician can access or removing individual pieces of hardware from a system.
Manufacturing organizations face difficulties in managing maintenance, repair, and operations (MRO) products. These products primarily consist of consumables such as fasteners, tools, PPE, and other low-value, high-volume items. Typically, a company's expenses are inflated due to inefficient ordering, inaccurate stock identification, unpredictable or insufficient forecasting, and an abundance of non-essential, high-volume commodities in stock, which not only increase holding costs but also occupy warehouse space.
Vending machines can now be enhanced with RFID tags and cloud infrastructure to create a multilingual display system, thanks to the surge in new technologies that are driving industrial progress. With the help of intelligent equipment, any product or item, no matter its size or shape, may be processed automatically and securely protected from unwanted access with the use of security codes. In addition, RFID tags are coupled with smart equipment to facilitate inventory management, which further supports their adoption. Integrated video machines (IVMs) come with built-in software called SaveLog, which uses RFID tags to track every purchase. The software also has features like multi-language screens and stock-fill warnings.
Report Coverage
Global Industrial Vending Machine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Vending Machine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Vending Machine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Vending Machine market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Vending Machine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Vending Machine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apex Industrial Technologies, LLC, AutoCrib, Inc., Brammer, IMC Group, SecuraStock, CribMaster, Fastenal Company, Airgas Inc., IVM Ltd., Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co. Ltd, Fastcorp Vending LLC Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation, Selecta TMP AG, and Bianchi Industry.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Industrial Vending Machine market based on the below-mentioned segments:
Global Industrial Vending Machine Market, By Type
Carousel Vending Machine
Coil Vending Machine
Cabinet Vending Machine
Others
Global Industrial Vending Machine market, By Product Type
MRO Tools
PPE
Others
Global Industrial Vending Machine Market, By End User
Manufacturing
Oil & Gas
Construction
Aerospace
Others
Global Industrial Vending Machine market, Regional Analysis
This market is growing because the vending business is increasingly focusing on implementing technology implications for real-time inventory management of products like tools and industrial equipment. Businesses in the oil and gas and manufacturing sectors have begun using these systems to automate the dispensing of personal protective equipment (PPE) and maintenance, repair, and overhaul (MRO), which has greatly improved the efficiency of stock management. The essential manufacturing process in the aviation industry has seen less operational downtime since these vending devices were implemented. The major benefit of this approach is that it promotes product demand worldwide by making employees more likely to use personal protective equipment (PPE).
As a result of the abrupt global spread of the COVID-19 epidemic, governments have imposed stringent regulations on the manufacturing industry. The manufacturing sectors ground to a standstill for over a quarter as a result of the lockdown strategy that was implemented across many countries. Because of this, the manufacturing and distribution of these equipment were both impacted.
The demand for high-security industrial vending machines in data centers is on the rise, as is the importance of employee safety and the use of personal protective equipment (PPE) on a global scale. These factors are propelling the industrial vending machines market. Modern innovation has been a boon to the industrial vending machines industry. Future market opportunities for multilingual display systems will be greatly enhanced by including RFID tags and cloud infrastructure.
For example, IVM's vending machines use the SaveLog software, which has features like RFID tags for recording transactions, multi-language screens, and stock replenishment notifications. Automatic vending machines can distribute all commodities without the need for personnel help. There will be a brisk increase in sales of industrial vending machines to meet the rising demand for smart devices.
Important spare parts can be dispensed via industrial vending machines in the event of a breakdown. A high-security industrial vending machine equipped with storage management software can be used to track crucial IT equipment, thereby addressing the difficulty of storage resource management (SRM) that facilities encounter. You have round-the-clock access control with the industrial vending machine. Drives and other essential replacement parts can be borrowed from an industrial vending machine rather being retrieved from unsupervised storage closets. The system updates itself when a drive's service life is up, so it can keep track of which cluster and rack the drive is in when it's checked out to a work order. There are a number of ways in which data centers might manage access, such as limiting the amount of drives that each technician can access or removing individual pieces of hardware from a system.
Manufacturing organizations face difficulties in managing maintenance, repair, and operations (MRO) products. These products primarily consist of consumables such as fasteners, tools, PPE, and other low-value, high-volume items. Typically, a company's expenses are inflated due to inefficient ordering, inaccurate stock identification, unpredictable or insufficient forecasting, and an abundance of non-essential, high-volume commodities in stock, which not only increase holding costs but also occupy warehouse space.
Vending machines can now be enhanced with RFID tags and cloud infrastructure to create a multilingual display system, thanks to the surge in new technologies that are driving industrial progress. With the help of intelligent equipment, any product or item, no matter its size or shape, may be processed automatically and securely protected from unwanted access with the use of security codes. In addition, RFID tags are coupled with smart equipment to facilitate inventory management, which further supports their adoption. Integrated video machines (IVMs) come with built-in software called SaveLog, which uses RFID tags to track every purchase. The software also has features like multi-language screens and stock-fill warnings.
Report Coverage
Global Industrial Vending Machine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Vending Machine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Vending Machine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Vending Machine market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Apex Industrial Technologies, LLC, AutoCrib, Inc., Brammer, IMC Group, SecuraStock, CribMaster, Fastenal Company, Airgas Inc., IVM Ltd., Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co. Ltd, Fastcorp Vending LLC Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation, Selecta TMP AG, and Bianchi Industry. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Vending Machine Market from 2021 to 2031.
- Market Forecast for Industrial Vending Machine Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Vending Machine competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Vending Machine
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Vending Machine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Vending Machine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apex Industrial Technologies, LLC, AutoCrib, Inc., Brammer, IMC Group, SecuraStock, CribMaster, Fastenal Company, Airgas Inc., IVM Ltd., Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co. Ltd, Fastcorp Vending LLC Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation, Selecta TMP AG, and Bianchi Industry.
Primary Target Market
- Market Players of Industrial Vending Machine
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Industrial Vending Machine market based on the below-mentioned segments:
Global Industrial Vending Machine Market, By Type
Carousel Vending Machine
Coil Vending Machine
Cabinet Vending Machine
Others
Global Industrial Vending Machine market, By Product Type
MRO Tools
PPE
Others
Global Industrial Vending Machine Market, By End User
Manufacturing
Oil & Gas
Construction
Aerospace
Others
Global Industrial Vending Machine market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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