Industrial Vending Machine Market Segmentation by Product Type - MRO Tools | PPE
Industry: Industrial Automation
Published Date: November-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 324
Report ID: PMRREP33193
The overall market value for industrial vending machines was estimated to be around US$ 2.8 Billion in the current year, 2022, and during the forecast years covering 2022 to 2032, it is anticipated to grow at an impressive rate of 9.5%. As per the industrial vending machine market analysis report released by the PMR, the net worth of the total sales by 2032 is poised to reach nearly US$ 7 Billion.
The global and regional markets for industrial vending machines are anticipated to increase substantially during the forecast years as small and medium businesses are now increasingly adopting such industrial products to expand their business. Due to the cost-effectiveness of the supply vending machine and equipment, which allow enterprises to enhance their income, it is anticipated that the deployment of this product would rise over the next few years and boost the market key trends and opportunities.
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Attributes |
Details |
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Industrial Vending Machine Market CAGR (2022-2032) |
9.5% |
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Industrial Vending Machine Market Size (2022) |
US$ 2.3 Billion |
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Industrial Vending Machine Market (2032) |
US$ 7 Billion |
The need for machines has grown significantly over the last several years, and the development of automation and robotic methods at industrial units has sped up the adoption of industrial vending machines around the world. By keeping a record of the product kind, the timing of delivery, and the user identity, industrial vending machines are equipped to keep a record of inventory utilization, offering transparency and responsibility.
The global market for luxury vending machines has expanded as a result of expanding urbanization and industrialization, among other factors. The significant expense of unneeded downtime is what encourages many businesses to embrace industrial or tool vending machines. Due to the lucrative sales of industrial vending machines in emerging or rapidly industrializing nations, cosmetic vending machine manufacturers have also entered the market recently.
Conventional tool vending machines also boost a company's output by speeding up labour productivity and decreasing walk-around time, consequently preventing the stockpiling of different products. Demand for products such as fastener vending machines in this market is expected to be driven by the expanding small and medium-scale enterprises in China, India, the United Arab Emirates, and Latin American countries.
Due to the high equipment cost, including cutting and drilling tools and PPE, the industrial gumbali machine market reach has only remained restricted in the advanced and large industrial economies. For many businesses, especially small ones, the high installation and maintenance costs of this product may provide difficulty and a constraint for the emergence of new players as well.
However, the high cost of industrial luxury vending machines is predicted to be covered by the rental income model as the market ages. Additionally, similar to other industries, this market can also experience production delays as a result of problems with the availability of raw materials brought on by supply chain disruption.
As per the market analysis in 2021, the coil vending machine segment led the market and represented 38% of total sales by type segment. As these machines are more cost-effective since they can store more merchandise than other product types, use less energy, and are simple to maintain, therefore, it is expected to be the highest contributing segment for the market expansion. Coil machines also provide automated monitoring that can be tailored to a client's individual requirements, so they are more in demand than carousel vending machines.
However, during the projected period, the carousel vending machine segment is anticipated to have a greater growth rate of more than 10%, making it very popular among manufacturers. These are employed for industry supply vending machines and require less floor space. Additionally, this equipment is affordable, making it economical for SMEs who frequently utilize them. Nonetheless, depending on the intended usage, cabinets and scale-based vending machines are other varieties of vending machines that are appreciably contributing to the growth of the overall market.
By Component, which Category is likely to dominate the Industrial Vending Machine Market?
Based on product, traditionally, the personal protective equipment (PPE) market segment held the majority of the market, with nearly 40% of the total sales achieved each year globally. Personal protective equipment storage in industrial vending machines is a result of a growing focus on worker safety and convenience, and the demand for such PPE vending machine prices is also anticipated to rise as a result of tighter rules pertaining to worker safety.
While throughout the projection period, the maintenance, repair, and operations (MRO) product segment is anticipated to post a higher CAGR of 10%. During downtime, MRO equipment is regularly replenished and serviced in sectors with significant downtime costs that are expected to drive this market segment, including office supplies vending machines, further.
Which Segment is Likely to Lead the Industrial Vending Machine Market by Deployment mode?
As per the industrial vending machine market survey report obtained by PMR, the overall market is led by the manufacturing end-use category and is anticipated to develop at a CAGR of 9.6% during the projected period. In order to reduce operational downtime and hasten the maintenance and repair process, manufacturing supply vending machines are widely used in the industrial sectors and also aid in increasing operational effectiveness and monitoring inventory levels.
Other than that, the oil and gas end-user category, which had a 22.5% share of the market revenue generated in the previous years, is also anticipated to have rapid expansion throughout the projected period. Considering the nature of the hazardous job in oil extraction points and refineries, labour safety is also becoming a top issue, further substantiating the growth of this segment. Healthcare, aviation, and the military and defence sectors are also among the key end-use industries having the substantial potential to further the market trend in the future.
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Attributes |
Industrial Vending Machine Market |
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CAGR (2022 to 2032) |
9.5% |
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Market Value (2022) |
US$ 2.3 Billion |
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Growth Factor |
Rapid industrialization of emerging economies has surged the sales of the product in recent years. |
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Future Opportunities |
Improvement government regulations for betterment of workplaces is anticipated to boost their adoption. |
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Market Trends |
Long term partnership with end buyers to provide them necessary services and technical support. |
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Attributes |
Industrial Air Filtration Market |
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CAGR (2022 to 2032) |
7.1% |
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Market Value (2022) |
US$ 13.5 Billion |
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Growth Factor |
Soaring electricity demand has resulted in the creation of new power production facilities. |
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Future Opportunities |
Growing trend of sustainable alternatives and approaches like green manufacturing to get a competitive edge and enhance income. |
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Market Trends |
Research and development of high-performance and energy-efficient goods is likely to boost the brand recognition. |
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Attributes |
Industrial Pump Market |
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CAGR (2022 to 2032) |
5.5% |
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Market Value (2022) |
US$ 79 Billion |
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Growth Factor |
Increased deployment across new end-use verticals, such as water and wastewater, oil and gas, and construction. |
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Future Opportunities |
Development of energy efficient and use of better material to withstand the industrial environment to boost the sales. |
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Market Trends |
Integration of raw material procuring, component manufacturing and production and distribution stages. |
How will the United States Maintain its Dominance in the Global Industrial Vending Machine Market?
As per the analysis, due to the abundance of Industrial equipment manufacturers and suppliers in the area, the United States continues to be the leading market in the world and contributed nearly 35% revenue share until last year. Moreover, the country also has the highest demand for industrial vending machines, driven by growing awareness regarding worker safety in hazardous work conditions.
How Different Economies are shaping the Industrial Vending Machine Market in Europe?
As per the previous year's reports on the sales of industrial vending machines across the globe, European nations contributed significantly to the market's revenue. The United Kingdom, France, Germany, and Italy are a few of the major industrial nations in the world that hold a substantial amount of demand for industrial vending machines. The European industrial vending machine market is anticipated to be driven by these nations' rising investments in research & development during the forecast years.
How Japan Companies are competing with the Global Market Leaders?
The global market over the forecast term is predicted to follow a growth rate of 10.6% in the Asia Pacific geographical part. The demand for tool vending machines is getting driven by the expanding industrial sector in several emerging economies in the region. So, in the last few years, Japan has emerged to be a major exporter of automatic vending machines designed and manufactured by domestic players.
Additionally, nations like China, India, and South Korea are implementing cutting-edge manufacturing and production techniques, and it is projected that it would gain momentum throughout the evaluation period favouring the Japanese companies.
How South Korea is emerging as a Strong Market for Industrial Vending Machines?
It is anticipated that robust economic growth in developing nations like South Africa, Saudi Arabia, and the United Arab Emirates would fuel the expansion of a number of sectors in Asia Pacific countries. The availability of inexpensive labour and raw materials in the Asian region has caused a number of manufacturing businesses to progressively relocate to East Asian nations, which is anticipated to increase demand for industrial vending machines over the course of the projected period.
Key players in the global Industrial Vending Machine market are Apex Industrial Technologies, LLC, AutoCrib, Inc., Brammer, IMC Group, SecuraStock, CribMaster, Fastenal Company, Airgas Inc., and IVM Ltd. among others.
Given the significant investment needed to build up an infrastructural foundation, such as manufacturing plants and warehouses, and produce the equipment, the industry is very competitive, making it challenging for new competitors to break into the market. Established participants in the global industrial vending machine business also offer extra services including advising, upkeep, and inventory supply, which prevents new businesses from entering the marketplace. Comparatively s mall-scale market participants then work together or form partnerships with big firms to enter the market in new industrial zones.
To keep ahead of the prevailing market competition, key businesses also concentrate on collaborative ventures and new product designs with better and more advanced features. For instance, CribMaster introduced FlipTop last year, which is a new type of vending machine created especially for expensive tools and accessories. This machine has drawers and comes in three sizes and can hold up to 1,782 bins.
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Attributes |
Details |
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Forecast Period |
2022 to 2032 |
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Historical Data Available For |
2016 to 2021 |
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Market Analysis |
US$ Million for Value |
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Key Countries Covered |
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By Market Segments |
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Key Companies Profiled |
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Pricing |
Available Upon Request |
Industrial Vending Machine Industry by Type
Industrial Vending Machine Industry by Product
Industrial Vending Machine Industry by End User
Industrial Vending Machine Industry by Region
To know more about delivery timeline for this report Contact Sales
The global industrial vending machine market is estimated at US$ 2.3 Billion in 2022.
The global market is likely to grow at a rate of 9.5% through 2032.
The global market is expected to garner US$ 7 Billion by 2032.
US is projected to be best performing regional market by contributing more than 35%.
The PPE vending machine segment is expected to take a lead in the coming days.
