USD 3.4 billion
Industrial Vending Machine Market Size, Share, and Growth Analysis
Industrial Vending Machine Market By Type (Carousel Vending Machine, Coil Vending Machine), By Product (MRO Tools, PPE), By End Use (Manufacturing, Oil & Gas), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2331 |
Region:
Global |
Published Date: January, 2025
Pages:
196
|Tables:
93
|Figures:
65
Format -
Industrial Vending Machine Market Insights
Global Industrial Vending Machine Market size was valued at USD 3.4 billion in 2023 and is poised to grow from USD 3.75 billion in 2024 to USD 8.22 billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).
Rapid industrialization around the world and increasing emphasis on improving efficiency in industrial operations are forecasted to boost sales of industrial vending machines going forward. The surge in manufacturing activity and growing use of automation are slated to uplift the demand for industrial vending machines over the coming years. Increasing awareness regarding the benefits of industrial vending machine use for inventory management, labor cost reduction, and better productivity are also expected to create new opportunities for industrial vending machine suppliers in the future. High emphasis on improving worker safety to comply with stringent regulations is also estimated to bolster the global industrial vending machine market growth in the long run. On the contrary, resistance to change, high initial investments, complexity in customization, and lack of awareness in emerging countries are slated to impede the sales of industrial vending machines across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
PPE
Fastest Growth
MRO Tools
Growth Rate
10.3% CAGR
Global Industrial Vending Machine Market ($ Bn)
Country Share for North America Region (%)
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Industrial Vending Machine Market Segments Analysis
Global Industrial Vending Machine Market is segmented by Type, Product, End Use and region. Based on Type, the market is segmented into Carousel Vending Machine, Coil Vending Machine, Cabinet Vending Machine and Others. Based on Product, the market is segmented into MRO Tools, PPE and Others. Based on End Use, the market is segmented into Manufacturing, Oil & Gas, Construction, Aerospace and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Coil vending machines are projected to account for a substantial chunk of the global industrial vending machine market share going forward. High versatility of coil vending machines in handling small to medium-sized products is expected to help this segment hold sway over others. Precise control over inventory and low waste due to the coil design are also expected to promote the popularity of this type of industrial vending machine across multiple industry verticals. Moreover, the ease of customization offered by coil vending machines also makes them a preferred choice among multiple end users.
Meanwhile, the demand for carousel vending machines is expected to rise at a notable pace over the coming years. High space optimization through dense product placement is promoting the sales of carousel vending machines around the world. Increasing emphasis on optimizing space and efficiency is slated to create new opportunities for suppliers of carousel vending machines in the long run. Rotating shelves of these carousel vending machines further enhance their operational efficiency and thereby also help generate more revenue for industrial vending machine companies targeting this segment through 2031. From tools to supplies, almost all products can be dispensed using an industrial carousel vending machine.
Analysis by Product
PPE (personal protective equipment) is projected to bring in the most revenue for industrial vending machine providers going forward. Growing emphasis on improving worker safety and imposition of stringent worker safety mandates are all contributing to the surging adoption of PPE in industrial settings. Easy and secure access to safety gear, such as gloves, masks, and helmets through vending machines is allowing this segment to hold sway over others. Moreover, these machines not only improve compliance with safety regulations but can also help keep track of PPE usage to optimize productivity and safety in the long run.
Meanwhile, the demand for MRO (maintenance, repair, and operations) tools via industrial vending machines is projected to increase at a robust pace across the study period. Growing emphasis on improving operational efficiency in industrial operations is projected to bolster the use of industrial vending machines for MRO tools. Providing MRO tools via vending machines can help minimize delays and downtimes for industrial machines as tools can be made available easily in any event of machine failure. Easy tracking and minimizing wastage of these MRO tools can also be enabled by industrial vending machines.
Global Industrial Vending Machine Market By Product
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Industrial Vending Machine Market Regional Insights
North America is forecasted to account for a prominent share of the global industrial vending machine industry in the future. Growing emphasis on improving operational efficiency across multiple industry verticals and quick adoption of industrial vending machines are supporting the dominance of this region. Presence of a stringent workplace safety framework and increasing efforts to ensure compliance with the same are also expected to bolster the sales of industrial vending machine in the North American region going forward. The United States and Canada are projected to emerge as the most opportune markets for industrial vending machine providers operating in this region.
Asia Pacific is expected to emerge as the fastest expanding market in the world for industrial vending machine suppliers. Growing industrialization, presence of a robust manufacturing industry, and rising awareness regarding workplace and worker safety are expected to boost sales of industrial vending machines going forward. Investments of industrial companies to enhance operational efficiency and promote the use of automation also offer an opportune setting for industrial vending machine providers. India, China, and Japan are slated to emerge as the most rewarding markets for industrial vending machines in the Asia Pacific region in the long run.
Global Industrial Vending Machine Market By Region
- Largest
- Fastest
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Industrial Vending Machine Market Dynamics
Drivers
Demand for Cost-effective Inventory Management
- Industries around the world are focusing on opting for solutions that help them maximize their profitability and productivity, which is expected to bolster the global industrial vending machine market growth in the future. Industrial vending machines help industries do just that by reducing stock-outs, minimizing waste, and ensuring the availability of critical tools and supplies.
Rising Emphasis Productivity and Hike in Labor Costs
- The world is witnessing a major surge in labor costs and industries are focusing on offsetting these high costs by improving productivity of their operations. Industrial vending machines reduce time spent on inventory retrieval and management, addressing rising labor costs. They enhance workforce productivity by allowing employees to focus on core tasks instead of inventory-related activities.
Restraints
Complexity in Customization
- Different industries have different requirements and hence, industrial vending machines need to be customized as per every industry’s application scope. This is a highly challenging task as vending machines have complex setups and limited flexibility, which results in the investment of multiple resources to provide customization and impedes adoption as well.
Resistance to Change in Traditional Workplaces
- Although industrial vending machines are highly efficient and advanced, their adoption in traditional workplaces and industries is expected to be quite low. Employees and management in such setting are accustomed to manual inventory systems that have been used for years resulting in them resisting change due to lack of awareness or training to utilize industrial vending machines.
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Industrial Vending Machine Market Competitive Landscape
Industrial vending machine manufacturers should focus on launching new machines with better features to stand out from the competition. Product innovation is expected to be highly crucial for industrial vending machine companies looking to expand their business scope going forward. Targeting developing countries with increasing industrialization is expected to help companies boost their industrial vending machine sales over the coming years.
Top Players in Industrial Vending Machine Market
- Fastenal (USA)
- MSC Industrial Direct (USA)
- Grainger (USA)
- CribMaster (USA)
- SupplyPoint (UK)
- AutoCrib (USA)
- Apex Supply Chain Technologies (USA)
- Vending Solutions Inc. (USA)
- 1sourcevend (USA)
- Snap-on Industrial (USA)
- Wurth Industry North America (USA)
- Stanley Black & Decker (USA)
- Kennametal (USA)
- Sandvik Coromant (Sweden)
- Seco Tools (Sweden)
- Atlas Copco (Sweden)
- Siemens (Germany)
- Bosch Rexroth (Germany)
- FANUC (Japan)
Recent Developments
- In May 2023, Asahi Soft Drinks, a leading soft drink provider based in Japan announced the launch of a new vending machine capable of absorbing CO2 from the atmosphere to turn it into industrial raw materials. This move is expected to help Asahi attain its sustainability goals and contribute towards a better future.
- In March 2021, Industrial Tooling Corporation, a renowned supplier of industrial tools and products announced the launch of a new vending solution. SmartDrawer® vending solution can offer better inventory management and uses smart technology to dispense multiple or single items as required.
Industrial Vending Machine Key Market Trends
- Modular and Scalable Designs: Industrial vending machine manufacturers should invest in the research and development of new designs that take a modular approach. Developing industrial vending machines that are modular and have a high potential for scalability is projected to emerge as a major industrial vending machine market trend for companies looking to outsmart their competition and boost sales.
- Diversification of Industry Verticals: Industrial vending machine suppliers should focus on diversifying their business scope by targeting new industry verticals and applications. healthcare, construction, and hospitality are slated to emerge as some of the most opportune verticals for companies looking to expand and diversify their business on a global level going forward.
Industrial Vending Machine Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid industrialization around the world and growing emphasis on safety in industries are expected to bolster industrial vending machine demand in the future. However, competitive pricing pressure and high costs of deployment and maintenance are projected to slow down industrial vending machine market growth in the future. The presence of strong industrial infrastructure and growing automotive manufacturing are helping the Asia Pacific region emerge as the leading market for industrial vending machine companies in the world. Development of smart valves is expected to pay off big time for all industrial vending machine providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.4 billion |
| Market size value in 2032 | USD 8.22 billion |
| Growth Rate | 10.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Vending Machine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Vending Machine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Vending Machine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Vending Machine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Vending Machine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Vending Machine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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