Industrial vending machines Market is anticipated to reach around USD 3.49 billion in 2028 – Credence Research

The latest market report published by Credence Research, Inc. is “Global Industrial vending machines Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global Industrial vending machines market generated revenue of around USD 2.3 billion in 2021 and is anticipated to grow a CAGR of over 7.20% during the forecast period from 2022 to 2028 to reach around USD 3.49 billion in 2028.

The increasing use of vending machines in various end-use sectors, as well as their capacity to provide point-of-use inventory management solutions for industrial and safety supplies, are likely to drive the industrial vending machine market forward. These benefits are expected to increase demand for industrial vending machines. Furthermore, the growing requirement for enterprises to reduce downtime costs is projected to drive market expansion. Industrial vending machines are intended to reduce operational downtime by allowing businesses to manage their inventories more effectively. Furthermore, these systems are available in a variety of configurations, including carousels and coil vending machines. These elements boost the sales of industrial vending machines.

The global Industrial vending machines market is bifurcated into By Offering, Type, end-user industry, and Geography. Based on the offering, the market is categorized into hardware and software. Based on the type, the global market is segmented into vertical lift machines, coil vending machines, carousel vending machines, sales vending machines and others. Based on the end-user industry, the global market is segmented into aerospace, healthcare, manufacturing, oil & gas, construction and others. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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North America region dominated the highest market share in 2021. The growing demand for industrial vending machines in North America is due to increased worker safety awareness. Vending machines allow organizations to easily track which employees have access to supplies at any given time, providing valuable insight into internal supply needs. These factors apply to the North American commercial vending machine market. The widespread use of PSA vending machines is also a growth factor for commercial vending machines. The advantages of industrial vending machines are considered to be the main driving force for increasing the market share of industrial vending machines during the forecast period.

Why to Buy This Report-

• The report provides a qualitative and quantitative analysis of the global Industrial vending machines market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
• The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
• In-depth analysis of the global Industrial vending machines market segmentation based on offering, type and end-user industry.
• Major countries in each region with their import/export statistics
• The global Industrial vending machines market report also includes analyzing the global, regional, and country levels, along with key market trends, significant player analysis, market growth strategies, and key application areas.

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 Table of Content:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Industrial Vending Machines Market
2.2. Global Industrial Vending Machines Market, By Offering
2.3. Global Industrial Vending Machines Market, By Type
2.4. Global Industrial Vending Machines Market, By End-user Industry
2.5. Global Industrial Vending Machines Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Industrial Vending Machines Market Value, 2016-2028, (US$ Mn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Offering
3.3.2. Type
3.3.3. End-user Industry
3.3.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Offerings
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted By Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID-19 Impact Analysis
6.1. Global Industrial Vending Machines Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Industrial Vending Machines Market
7.1. Global Industrial Vending Machines Market, By Offering, 2016-2028(US$ Mn)
7.1.1. Overview
7.1.2. Global Industrial Vending Machines Market, By Offering, 2021 vs 2028 (in%)
7.1.3. Global Industrial Vending Machines Market, By Hardware, 2016-2028 (US$ Mn)
7.1.4. Global Industrial Vending Machines Market, By Software, 2016-2028 (US$ Mn)
7.2. Global Industrial Vending Machines Market, By Type, 2016-2028(US$ Mn)
7.2.1. Overview
7.2.2. Global Industrial Vending Machines Market, By Type, 2021 vs 2028 (in%)
7.2.3. Global Industrial Vending Machines Market, By Vertical lift machines, 2016-2028 (US$ Mn)
7.2.4. Global Industrial Vending Machines Market, By Coil vending machines, 2016-2028 (US$ Mn)
7.2.5. Global Industrial vending machines Market, By Carousel vending machines, 2016-2028 (US$ Mn)
7.2.6. Global Industrial vending machines Market, By Scale vending machines, 2016-2028 (US$ Mn)
7.2.7. Global Industrial vending machines Market, By Others, 2016-2028 (US$ Mn)
7.3. Global Industrial vending machines Market, By End-user Industry, 2016-2028(US$ Mn)
7.3.1. Overview
7.3.2. Global Industrial vending machines Market, By End-user Industry, 2021 vs 2028 (in%)
7.3.3. Global Industrial vending machines Market, By Aerospace, 2016-2028 (US$ Mn)
7.3.4. Global Industrial vending machines Market, By Healthcare, 2016-2028 (US$ Mn)
7.3.5. Global Industrial vending machines Market, By Manufacturing, 2016-2028 (US$ Mn)
7.3.6. Global Industrial vending machines Market, By Oil & Gas, 2016-2028 (US$ Mn)
7.3.7. Global Industrial vending machines Market, By Construction, 2016-2028 (US$ Mn)
7.3.8. Global Industrial vending machines Market, By Others, 2016-2028 (US$ Mn)

8. North America Industrial vending machines Market Analysis
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10. Asia Pacific Industrial vending machines Market Analysis
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11. Latin America Industrial vending machines Market Analysis
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12. Middle East and Africa Industrial vending machines Market Analysis
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13. Company Profiles
13.1. McCormick & Company, Inc.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis

13.2. FASTENAL COMPANY
13.3. AUTOCRIB, INC.
13.4. AIRGAS, INC.
13.5. SUPPLYPOINT
13.6. BRAMMER
13.7. CRIMBMASTER
13.8. IVM, INC.
13.9. SECURASTOCK, LLC.
13.10. SILKRON
13.11. INTELLIGENT DISPENSING SOLUTIONS
13.12. AUTOMATYBHP
13.13. MSC INDUSTRIAL DIRECT CO, INC.
13.14. W.W. GRAINGER, INC.
13.15. SEAGA MANUFACTURING INC.
13.16. EAISER VENDING LLC
13.17. TURTLE & HUGHES
13.18. DIGITAL MEDIA VENDING INTERNATIONAL, LLC.
13.19. SOURCEVEND
13.20. VENDING DESIGN WORKS
13.21. INDUSTRIAL VENDING SYSTEMS
13.22. VECHNOLOGY
13.23. RELIANCE SUPPLY, INC.
13.24. ENGINEERS MATE LTD.
13.25. IMC GROUP

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