Global Industrial Vending Machines Industry Expected To Reach $ 1.8 Billion By 2026
DUBLIN, September 10, 2021 / PRNewswire / – The Global Industrial Vending Machines Market with COVID-19 Impact Analysis by Type (Vertical Lifting Machine, Coil Vending Machine, Carousel Vending Machine, Scale Vending Machine), Supply, Business Model, Industry end user and geography – forecast until 2026 ” report was added to ResearchAndMarkets.com offer.
The global industrial vending machine market is expected to grow by $ 1.1 billion in 2021 to $ 1.8 billion by 2026, at a CAGR of 11%.
Software Segment is Expected to Post Higher CAGR of Industrial Vending Machines Market Over the Forecast Period
On the basis of supply, 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 each item in the inventory so that it knows where it is, who has checked it and what task has been assigned to it. Industrial vending machines and inventory control systems provide 24/7 access to safety equipment and PPE supplies at the point of use. Employees have immediate access to these critical items, while inventory management software automatically manages inventory quantities and purchase orders to prevent stockouts.
Manufacturing segment will 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 perform their tasks correctly and efficiently in a timely manner. Industrial vending machines store, supply and perform automatic inventory of tools and components used in the manufacturing process. Using a vending machine for industrial supply can eliminate costly reorder times by predicting tool shortages. However, the outbreak of the COVID-19 pandemic has resulted in a temporary closure of manufacturing sites and facilities, which has hampered the purchasing power and financial position of businesses. This has hampered the growth of the industrial vending machine market in the short term.
Vertical Lifting Machinery Market is expected to grow at the highest CAGR during the forecast period
On the basis of type, the market is classified into vertical lifting machines, coil vending machines, carousel vending machines, ladder vending machines, and others. Rapid industrialization in emerging Asian economies, such as India and Vietnam, the expansion of the e-commerce industry and the growing need for automated warehousing operations are the key factors fueling the demand for single-level delivery type vertical lift machines. In addition, there has been an increase in the adoption of vertical lift machines in various industries, such as semiconductor and 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 the regions, APAC is expected to record 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 increasing adoption of inventory management systems in 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 the economic conditions and the rate of adoption of inventory and asset management machines in many industries due to the high cost of industrial vending machines. However, market growth is expected to accelerate in the coming years with a gradual recovery in the region’s economy.
Main topics covered:
2 Research methodology
3 Executive summary
4 premium information
4.1 Key Opportunities in the Industrial Vending Machines Market
4.2 Industrial Vending Machines Market, by Offer
4.3 Industrial Vending Machines Market in APAC, by Country and End-User Industry
4.4 Industrial Vending Machines Market, by Country
4.5 Industrial Vending Machines Market, by Type
5 Market overview
5.2 Market dynamics
18.104.22.168 Growing need for high security industrial vending machines in data centers
22.214.171.124 Growing use of point-of-use inventory management and tracking solutions for industrial and safety supplies
126.96.36.199 Integration of IoT and cloud infrastructure in industrial vending machines
188.8.131.52 Availability of low cost vending machines and unnecessary downtime of industrial vending machines during the COVID-19 period
184.108.40.206 Difficulties in managing a wide range of consumables by manufacturers
220.127.116.11 Growing adoption of carousel vending machines by small and medium-sized enterprises
18.104.22.168 Digitization of supply chains in smart factories through the use of industrial vending machines
22.214.171.124 Requirement of high initial investments in the installation of industrial vending machines
5.3 Value chain analysis
5.4 Technological analysis
5.5 Patent analysis
5.6 Porter’s five forces analysis
5.7 Ecosystem analysis
5.8 Trends Affecting Client Business
5.9 Analysis of the case studies
5.10 Trend in average selling price (ASP)
5.11 Business analysis
5.12 Regulatory landscape
5.13 Analyst outlook
5.13.1 Are the market leaders in traditional F&B type sales entering industrial sales – Why or why not? What could be the trend ahead?
6 solutions provided by industrial vending machines
6.2 Inventory management
6.3 Automated locker solutions
6.4 Asset management solutions
7 Industrial Vending Machines Market, By Offer
7.2.1 Hardware Segment Will Account for Largest Share of Industrial Vending Machines Market
7.3.1 Cloud-based software suite is highly preferred for industrial vending machines
8 Industrial Vending Machines Market, By Type
8.2 Vertical lifting machines
8.2.1 Vertical lifting machines offer greater flexibility than other automated storage and retrieval systems (Assrs)
8.3 Automatic coil dispensers
8.3.1 The automatic coil dispenser is widely adopted because it is a durable and easy to maintain machine currently available
8.4 Automatic carousel vending machines
8.4.1 Carousel vending machines offer more flexibility in item storage compared to coil machines
8.5 Scale vending machines
8.5.1 Scale vending machines are ideal for fast moving, high volume and inexpensive items
9 business models for industrial vending machines
9.2 Supplier managed solutions
9.2.1 The vendor managed solutions model is mainly followed by maintenance, repair and operations (MRO) product distributors / integrators
9.3 Supplier independent solutions
9.3.1 The vendor independent solution model is followed by OEMs
10 Industrial Vending Machines Market, By End User Industry
10.2.1 The Industry 4.0 revolution has increased the use of smart vending machines in organizations belonging to the aerospace industry
10.3.1 Industrial vending machines automate inventory management and help with regulatory compliance in the medical industry
10.4.1 Using vending machines for industrial supply helps eliminate costly replenishment delays by predicting tool shortages
10.4.1.2 Food and beverages
10.5 Oil and gas
10.5.1 Industrial Distribution Solutions Maximize Productivity in the Oil and Gas Industry
10.6.1 Industrial vending machines are widely used in rail / transit industry
10.7.2 Energy and utilities
10.7.3 Government and military
11 Geographic analysis
12 Competitive landscape
12.2 Key player strategies / Right to win
12.2.1 Overview of strategies adopted by key players in the Industrial Vending Machines Market
12.3 Revenue Analysis of Top Players
12.4 Major Players Market Share Analysis in 2020
12.5 Business valuation quadrant, 2020
12.5.2 Emerging Leader
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 society
12.7.3 Dynamic business
12.7.4 Starting block
12.8 Competitive situations and trends
12.8.1 Product launches / developments
13 company profiles
13.2 Impact of COVID-19 on Industrial Vending Machines Market Players
13.3 Key players
13.3.1 Fixing company
13.3.2 AutoCrib, Inc.
13.3.3 Airgas, Inc.
13.3.4 Supply point
13.3.6 SupplyPro, Inc.
13.3.8 IVM, Inc.
13.3.9 SecuraStock, LLC
13.4 Other players
13.4.1 Smart distribution solutions
13.4.2 BHP automation
13.4.3 MSC Industrial Direct Co. Inc.
13.4.4 WW Grainger, Inc.
13.4.5 Seaga Manufacturing Inc.
13.4.6 Easier Selling LLC
13.4.7 Turtle and Hughes
13.4.8 Digital Media Vending International, LLC
13.4.10 Vending machine design work
13.4.11 Industrial distribution systems
13.4.13 Trusted Sourcing, Inc.
13.4.14 Engineers Mate Ltd.
13.4.15 IMC Group
For more information on this report, visit https://www.researchandmarkets.com/r/6lkwv5
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