Pune, July 03, 2020 (GLOBE NEWSWIRE) -- The global industrial vending machine market size is predicted to reach USD 3.68 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period. The increasing adoption of personal protective equipment (PPE) in numerous industries will have a positive impact on the market during the forecast period, states Fortune Business Insights, in a report, titled “Industrial Vending Machines Market Size, Share & Industry Analysis, By Type (Carousel Vending Machine, Coil Vending Machine, and Others), By Product (Maintenance, Repair and Operations (MRO), Personal Protective Equipment (PPE), and Others), By End-User (Manufacturing, Oil & Gas, and Others) and Regional Forecast, 2020-2027” the market size stood at USD 2.17 billion in 2019.



Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-vending-machines-market-103176



The current COVID-19 pandemic has brought most businesses worldwide to a complete standstill. Import and export transportation is at a halt, further impacting the international businesses. The fact that we are not aware of the continuity of this lockdown period is not only creating chaos among people worldwide but also affecting the world economy at large. However, we soon hope to overcome this obstacle with the help of government support.
We, at Fortune Business Insights, are offering in-depth analytical reports on various markets impacted by the COVID-19 pandemic and their future outlooks. These reports are a prediction study of the current situation on multiple exchanges and what steps can be adapted to make the most benefit, thereby directing stable revenue to these market in the foreseeable future.



Click here to get the short-term and long-term impacts of COVID-19 on this Market.


Please visit:
https://www.fortunebusinessinsights.com/industrial-vending-machines-market-103176



The report on the
industrial vending machines market encompasses:

  • Through analysis of all the sections
  • Informative data and figures on every region
  • Latest Market trends and drivers
  • Superior insights into all emerging developments

Market Driver:

Advanced Technology Integrated Vending Machines to Foster Growth

The market has gained enormous impetus from the advent of advanced technologies. The integration of RFID tags and cloud infrastructure for a multi-lingual display system will create enormous opportunities for the market in the forthcoming years. For instance, IVM’s vending machines are integrated with SaveLog software that records each transaction using RFID tags, along with multi-language displays and alerts for filling up the stock. The automatic vending machines can be used to dispense all types of items without the need for staff intervention. Thus, heavy demand for smart machines will enable speedy expansion of the market. The growing adoption of industrial vending machines in small and medium manufacturing facilities owing to its benefits such as cost-effective and low energy consumption will further uplift market sales in the foreseeable future. The rising focus of industries towards lessening the management inventories and improving performance will subsequently propel the growth of the market.

Market Restraint:

High Initial Investment to Restrict Market Growth

The initial purchasing cost of vending machines can be a crucial factor limiting the demand for the market during the forecast period. Moreover, the COVID-19 outbreak has led to temporary shutdown of manufacturing sectors, which further reduces the adoption of such machines in industries. Nonetheless, the high maintenance associated with vending machines alongside its excessive operational downtime will consequently retard the growth of the market during the forecast period.



Speak to Analyst:
h https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/industrial-vending-machines-market-103176



Market Restraint
:

Evolving Industrial Automation to Promote Development in Asia Pacific

The market in Asia Pacific generated a revenue of USD 0.67 billion in 2019 and is likely to remain dominant during the forecast period. The rising employment of vending machines to enhance the productivity and efficiency in manufacturing processes will boost the market in the region. The increasing focus towards improving inventory management will aid the expansion of the market in the region. North America is predicted to witness a high growth rate during the forecast period. The growth in the region is attributed to the rising concerns regarding worker safety, which is boosting the adoption of vending machines in the region. Europe is predicted to rise excellently in the forthcoming years due to the emphasis on high productivity and accountability in manufacturing plants. The increasing purchase of cutting-edge machines in Italy, the UK, France, and Russia will bolster the healthy growth of the market during the forecast period.

Key Development:

June 2018: AutoCrib Inc, a world leader in automated inventory vending machines announced its new regional partner, AutoCrib South Asia to provide full delivery of company’s products and services

List of the Leading Companies Operating in the Industrial Vending Machines Market are:

  • Fastenal Company (Minnesota, United States)
  • AutoCrib, Inc. (California, United States)
  • IVM Ltd. (Indiana Polis, United States)
  • Apex Industrial Technologies LLC. (Ohio, United States)
  • Silkron (Penang, Malaysia)
  • SupplyPro, Inc. (California, United States)
  • SupplyPoint  (Rugby, United Kingdom)
  • CribMaster (Marietta, Georgia)
  • CMT Industrial Solutions (South Carolina, United States)
  • Brammers (London, United Kingdom)



Quick Buy –
Industrial Vending Machines Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103176



Detailed Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • COVID-19 Outbreak: Industrial Vending Machine Industry Impact
  • Global Industrial Vending Machines Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Type (Value)
      • Carousel Vending Machine
      • Coil Vending Machine
      • Others (Cabinet Vending Machine, etc.)
    • Market Sizing Estimations and Forecasts – By Product (Value)
      • Maintenance, Repair, and Operations (MRO)
      • Personal Protective Equipment (PPE)
      • Others (Cutting Tools, etc.)
    • Market Sizing Estimations and Forecasts – By End-User (Value)
      • Manufacturing
      • Oil & Gas
      • Others (Military & Defense, etc.)
    • Market Analysis, Insights and Forecast – By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

TOC Continued...!!!



Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/industrial-vending-machines-market-103176



Have a Look at Related Research Insights:

Industrial Robots Market Size, Share & Industry Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing and Others), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery and Others), and Regional Forecast, 2020-2027

Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment & Gaming and Others), and Regional Forecast, 2020-2027

Kiosk Market Size, Share and Industry Analysis By Type (Retail Kiosks, Financial Kiosks, QSR Kiosks, Tickets & Billing Kiosks, Information Kiosks, Self Service Kiosks & Others), By End-Use Industry (Retail, BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication & Others) and Regional Forecast, 2019 - 2026

Industrial Mezzanines Market Size, Share & Industry Analysis, By Type (Prefabricated, Structured, Free-standing, Perimeter), By Number of Storey (Single – level, Multi – level), By Application (Processing Plants, Industrial Facilities and Warehouse, Distribution Center, Retails Stores, Office buildings), and Regional Forecast, 2019-2026

Industrial Seals Market Size, Share & Industry Analysis, By Type (Axial Seals, Radial Seals and Mechanical Seals), By End-Use-Industry (Mining, Food & Beverage, Oil & Gas, Energy and Power, Aerospace, Marine, Construction, Others (Chemicals, etc.) and Regional Forecast, 2019-2026

Material Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Cranes & Lifting Equipment, Industrial Trucks, Racking & Storage Equipment), By Operations (Assembly, Distribution, Others), By Industry (Consumer Goods & Electronics, Automotive, Food & Beverages, Pharmaceutical, Construction, Others), and Regional Forecast, 2019-2026

Injection Molding Machine Market Size, Share and Industry Analysis, By Product Type (Plastic, Metal, Rubber, Ceramic, Others), By Machine Type (Electric, Hydraulic, and Hybrid), By Clamping Force (0 - 200 Ton Force, 201 - 500 Ton Force, and Above 500 Ton Force), By End-use Industry (Packaging, Automotive, IT & Telecommunication, Healthcare, Construction, Others) and Regional Forecast, 2019 – 2026

Construction Equipment Market Size, Share and Industry Analysis By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Regional Forecast, 2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release: https://www.fortunebusinessinsights.com/press-release/industrial-vending-machine-market-10066