Industrial Vending Machine Market

Industrial Vending Machine Market with COVID-19 Impact Analysis, by Type (Vertical Lift Machine, Coil Vending Machine, Carousel Vending Machine, Scale Vending Machine), Offering, Business Model, End-user Industry, and Geography - Global Forecast to 2026

Report Code: SE 7963 Aug, 2021, by marketsandmarkets.com

[216 Pages Report] The industrial vending machine market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 11.0%. The market growth can be attributed to several factors, such as growing need for high-security industrial vending machines in data centers, increasing use of point-of-use inventory management and tracking solutions for industrial and safety supplies, and integration of IoT and cloud infrastructure into industrial vending machines.

Industrial Vending Machine Market

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Industrial Vending Machine Market Size, Forecast to 2026 With COVID-19 Impact Analysis

The industrial vending machine market includes major Tier II and Tier III suppliers such as AutoCrib, Inc. (US), Fastenal Company (US), Airgas, Inc. (US), BRAMMER (Norway), SupplyPoint (UK), SupplyPro, Inc. (US), SECURASTOCK, LLC. (US), CribMaster (Georgia), IVM, Inc. (US), and Silkron (Malaysia), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

Market Dynamics of Industrial Vending Machine

Driver: Integration of IoT and cloud infrastructure into industrial vending machines

The industrial vending machine market has gained significant impetus with the emergence of advanced technologies. The integration of RFID tags and cloud infrastructure into industrial vending machines to provide a multi-lingual display system is expected to create growth opportunities for the market in the coming years. For instance, IVM, Inc. provides industrial vending machines that are integrated with SaveLog software, which 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 any staff intervention. The growing adoption of industrial vending machines in small and medium manufacturing facilities owing to their benefits, such as less energy consumption and cost-effectiveness, and rising focus of companies from different industries on reducing the management inventories are expected to increase their sale in the future.

The prominent companies in this market are highly focusing on integrating advanced features in their vending machines to remain at the forefront of the competition. Companies are introducing advanced products to cater to their customer base. Besides, the intensifying competition among companies can improve the prospects of the market in the future. The technology has evolved significantly with time, and many new use cases have been explored for various industries.

A key trend is the Internet of Things (IoT). “Things” are devices embedded with computers and connected to the internet. These devices offer valuable monitoring, control, optimization, and autonomy to a firm. The number of devices that are part of the IoT is increasing exponentially. Companies have been providing smart dispensing technology and internet-based software for many years. Employees can identify themselves with employee badges, biometrics, or other means and then provide desired overhead data before being allowed to access inventory, assets, or any other identifiable stored item. This data can then be retrieved through the company’s web service for the client’s ERP, MRP, or any other application. Web services also allow seamless two-way data exchange between software applications

Also, with the implementation of artificial intelligence-based face recognition, a vending machine can identify the user and their previous preference. This helps the vending machine to collect the user’s data from a server and provide them with a personalized set of supplies by analyzing the collected data. With advancements in facial recognition algorithms, it has become easier for machines to identify individuals based on age or gender.

Restraint: Difficulties in management of wide range of consumables by manufacturers

The manufacturing industry is facing challenges in managing MRO items, mostly consumables such as fasteners, tools, personal protective equipment (PPE), and other low-value, high-volume items.

Ineffective ordering and improper identification of stocks, lack of predictability or inadequate forecasting, and large inventory of non-critical and high-volume items in stores, which not only increase the holding cost but also occupy warehouse space, most of the time increase the company’s expenditure.

Moreover, the major challenge faced by maintenance personnel on shop floors is to order and issue items required during production operations. A considerable production time is spent on procurement of consumables and other spare parts from the centralized store and to make purchase requisitions to the purchasing department, which orders different items from multiple suppliers, creating multiple work logs.

The entire process is time-consuming and labor-intensive. Besides, products are often purchased in large batches to reduce the possibility of stock-outs or gain discounts. This stock becomes obsolete over time. In contrast, failure in the stocking of the required items can result in unplanned downtime and can have a major impact across the manufacturing process and supply chain in terms of both costs and service level to the customer.

Opportunity: Growing adoption of industrial vending machines in small- and medium-sized enterprises

The manufacturers of machines cater to small- and medium-sized enterprises related to various industries, such as aerospace, manufacturing, healthcare, construction, and oil & gas, which have a large customer base. The emerging SMEs in all the regions are opting for carousel machines, as they are cost-effective, require less floor space, and consume minimum energy. These vending machines help mitigate the management of inventories and enhance their performance, which is propelling their demand globally.

Challenge: Requirement of high initial investments in installation of industrial vending machines

The initial purchasing cost of vending machines can be a crucial factor in limiting their demand during the forecast period. Moreover, the COVID-19 outbreak has led to a temporary shutdown of the manufacturing sector, which has hampered the adoption of vending machines in industries. Nonetheless, the high maintenance costs associated with vending machines alongside their excessive operational downtime will consequently hamper the growth of the market players during the forecast period.

Coil vending machines segment to account for the largest share of industrial vending machine market in 2020

On the basis of type, the market is categorized into vertical lift machines, coil vending machines, carousel vending machines, scale vending machines, and other types. With the help of a coil vending machine, one can vend high-use consumable items such as gloves and safety goggles, tools and screwdrivers, spare parts and batteries, material processing and cutting discs, building materials, and paintbrushes. However, due to the outbreak of the COVID-19 pandemic, market players have witnessed a significant decline in the sale of coil vending machines. According to the European Vending & Coffee Service Association (EVA), vending operators are reporting business losses of up to 90% as the major share of the workforce across the globe is working from home. Likewise, the vending service industry has been particularly impacted by the decline in economic activities due to office closures.

The healthcare segment is expected to witness the highest growth rate of industrial vending machine market during the forecast period

On the basis of end-user industry, the market is categorized into aerospace, healthcare, manufacturing, oil & gas, construction, and others. Emergency medical professionals regularly need access to large, costly items. Oxygen tanks, medical toolkits, and emergency medical devices are very costly, and improper storage of these items can lead to high financial losses. Hence, industrial vending machines or locker dispensing systems help medical professionals keep track of expensive tools and equipment. Also, having an industrial vending machine by the side helps the medical professionals and doctors to have a central access point for all critical medical devices during an emergency. In the light of the COVID-19 outbreak, manufacturers are selling health protection products in their vending machines and placing them anywhere convenient to the consumers.

North America is leading the market for industrial vending machine in 2020

North America held the largest share in the industrial vending machine market in 2020. North America is expected to continue to dominate the market during the forecast period due to the presence of various key players.

The major factors fueling the growth of the market are the growing adoption of PPE vending machines and rising concerns about workforce safety. Also, governments are making high investments in vending technology, which is projected to boost regional market growth. However, the size of the US market decreased remarkably in 2020 due to the adverse effects of COVID-19 on the food & beverage, construction, and manufacturing industries. The adoption rate of industrial vending machines was highly impacted in 2020 due to the shutdown of various ongoing production sites and supply chain disruptions.

Industrial Vending Machine Market by Region

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Key Market Players

Major players in the industrial vending machine market include AutoCrib, Inc. (US); Fastenal Company (US); Airgas, Inc. (US); BRAMMER (Norway); SupplyPoint (UK), and so on.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Billion/Million)

Segments covered

Offering, Type, End-use Industry, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

AutoCrib, Inc. (US), Fastenal Company (US), Airgas, Inc. (US), BRAMMER (Norway), SupplyPoint (UK), SupplyPro, Inc. (US), SECURASTOCK, LLC. (US), CribMaster (Georgia), IVM, Inc. (US), and Silkron (Malaysia), and so on.
(Total 25 major players covered)

In this research report, the industrial vending machine market has been segmented on the basis of offering, type, end-user industry, and geography.

Industrial Vending Machine Market, by Offering

  • Hardware
  • Software

Industrial Vending Machine Market, by Type

  • Vertical Lift Machines
  • Coil Vending Machines
  • Carousel Vending Machines
  • Scale Vending Machines
  • Others

Industrial Vending Machine Market, by End-user Industry

  • Aerospace
  • Healthcare
  • Manufacturing
  • Oil & Gas
  • Construction
  • Others

Geographic Analysis

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In December 2020, SupplyPoint launched LockerSense, a new weigh scale smart locker. The launch of LockerSense extends the current locker range, which includes clear and steel front lockers. LockerSense offers fast transactions and easy replenishment through SupplyPoint software capabilities such as minimal withdrawal actions, user group settings, and easy restocking of items.
  • In April 2020, Fastenal Company acquired certain assets of Apex Industrial Technologies, an automated point-of-use dispensing and supply chain technology development company based in Mason, Ohio, to promote a fast-growing sales channel of industrial vending machines.
  • In June 2018, AutoCrib, Inc. announced its new regional partner, AutoCrib South Asia, which is likely to offer the full scope of the company’s products and services, as well as regional, technical, and logistical support to distributors and end users.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 INDUSTRIAL VENDING MACHINE MARKET: SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Secondary sources
                    2.1.2.2 List of key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Primary interviews with experts
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF KEY PLAYERS
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (DEMAND SIDE): BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF INDUSTRIAL VENDING MACHINE MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up analysis (demand side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size using top-down approach (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 8 INDUSTRIAL VENDING MACHINE MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2026
    3.1 MARKET: REALISTIC SCENARIO (POST-COVID-19)
    3.2 MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)
           FIGURE 9 HARDWARE SEGMENT TO HOLD LARGER SHARE OF MARKET FROM 2021 TO 2026
           FIGURE 10 VERTICAL LIFT MACHINES SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FROM 2021 TO 2026
           FIGURE 11 HEALTHCARE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 12 NORTH AMERICA HELD LARGEST SHARE OF MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 KEY OPPORTUNITIES IN MARKET
           FIGURE 13 APAC MARKET TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
    4.2 MARKET, BY OFFERING
           FIGURE 14 SOFTWARE SEGMENT TO REGISTER HIGHER CAGR IN INDUSTRIAL VENDING MACHINE MARKET FROM 2021 TO 2026
    4.3 ARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
           FIGURE 15 MANUFACTURING SEGMENT AND CHINA HELD LARGEST SHARES OF APAC MARKET IN 2020
    4.4 ARKET, BY COUNTRY
           FIGURE 16 INDIA TO REGISTER HIGHEST CAGR IN INDUSTRIAL VENDING MACHINE DURING FORECAST PERIOD
    4.5 MARKET, BY TYPE
           FIGURE 17 COIL VENDING MACHINES SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL MARKET FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing need for high-security industrial vending machines in data centers
                    5.2.1.2 Increasing use of point-of-use inventory management and tracking solutions for industrial and safety supplies
                    5.2.1.3 Integration of IoT and cloud infrastructure into industrial vending machines
                               FIGURE 19 IMPACT ANALYSIS OF DRIVERS ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Availability of low-cost vending machines and unnecessary operational downtime of industrial vending machines in COVID-19 period
                    5.2.2.2 Difficulties in management of wide range of consumables by manufacturers
                               FIGURE 20 IMPACT ANALYSIS OF RESTRAINTS ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing adoption of carousel vending machines by small- and medium-sized enterprises
                    5.2.3.2 Digitization of supply chains in smart factories through use of industrial vending machines
                               FIGURE 21 IMPACT ANALYSIS OF OPPORTUNITIES ON MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement of high initial investments in installation of industrial vending machines
                               FIGURE 22 IMPACT ANALYSIS OF CHALLENGES ON INDUSTRIAL VENDING MACHINE MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 23 ALMOST 65% OF VALUE IS ADDED BY SUPPLY SIDE OF VALUE CHAIN
    5.4 TECHNOLOGY ANALYSIS
    5.5 PATENT ANALYSIS
           TABLE 1 PATENTS IN MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 24 PORTER’S FIVE FORCES ANALYSIS, 2020
           TABLE 2 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.6.1 INTENSITY OF COMPETITIVE RIVALRY
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF BUYERS
           5.6.4 BARGAINING POWER OF SUPPLIERS
           5.6.5 THREAT OF NEW ENTRANTS
    5.7 ECOSYSTEM ANALYSIS
           FIGURE 25 KEY MARKETS RELATED TO INDUSTRIAL VENDING MACHINE ECOSYSTEM
    5.8 TRENDS IMPACTING BUSINESSES OF CUSTOMERS
    5.9 CASE STUDY ANALYSIS
           TABLE 3 CASE STUDY 1: CRIBMASTER
           TABLE 4 CASE STUDY 2: MSC INDUSTRIAL SUPPLY CO., INC.
           TABLE 5 CASE STUDY 3: AUTOCRIB, INC.
           TABLE 6 CASE STUDY 4: AUTOCRIB, INC.
    5.10 AVERAGE SELLING PRICE (ASP) TREND
           FIGURE 26 TREND OF AVERAGE SELLING PRICES FOR INDUSTRIAL VENDING MACHINES
    5.11 TRADE ANALYSIS
                    FIGURE 27 IMPORT DATA FOR PARTS OF AUTOMATIC GOODS-VENDING MACHINES,  INCL. MONEY-CHANGING MACHINES, N.E.S., BY COUNTRY,  2016–2020 (USD THOUSAND)
                    FIGURE 28 EXPORT DATA FOR PARTS OF AUTOMATIC GOODS-VENDING MACHINES,  INCL. MONEY-CHANGING MACHINES, N.E.S., BY COUNTRY,  2016–2020 (USD THOUSAND)
    5.12 REGULATORY LANDSCAPE
           5.12.1 RELEVANT REGULATIONS FOR INDUSTRIAL VENDING MACHINE MANUFACTURERS IN FOOD INDUSTRY
                    5.12.1.1 Directive (EC) 1935/2004
                    5.12.1.2 Directive (EC) 10/2011
                    5.12.1.3 Food and drug administration (FDA)
                    5.12.1.4 National sanitation foundation (NSF)
                    5.12.1.5 European Hygienic Equipment Design Group (EHEDG)
    5.13 MNM INSIGHTS
           5.13.1 ARE TRADITIONAL F&B TYPE VENDING MARKET LEADERS GETTING INTO INDUSTRIAL VENDING – WHY OR WHY NOT? WHAT COULD BE THE TREND GOING AHEAD?”

6 SOLUTIONS PROVIDED BY INDUSTRIAL VENDING MACHINES (Page No. - 77)
    6.1 INTRODUCTION
           FIGURE 29 SOLUTIONS OFFERED BY INDUSTRIAL VENDING MACHINE MARKET
    6.2 INVENTORY MANAGEMENT
    6.3 AUTOMATED LOCKER SOLUTIONS
    6.4 ASSET MANAGEMENT SOLUTIONS

7 INDUSTRIAL VENDING MACHINE MARKET, BY OFFERING (Page No. - 79)
    7.1 INTRODUCTION
           FIGURE 30 MARKET, BY OFFERING
           FIGURE 31 SOFTWARE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 7 MARKET, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 8 MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    7.2 HARDWARE
           7.2.1 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET
    7.3 SOFTWARE
           7.3.1 CLOUD-BASED SOFTWARE SUITE IS HIGHLY PREFERRED FOR INDUSTRIAL VENDING MACHINES

8 INDUSTRIAL VENDING MACHINE MARKET, BY TYPE (Page No. - 83)
    8.1 INTRODUCTION
           FIGURE 32 MARKET, BY TYPE
           FIGURE 33 COIL VENDING MACHINES SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL VENDING MACHINE MARKET IN 2021
           TABLE 9 MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 10 MARKET, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 11 MARKET, 2017–2020 (THOUSAND UNITS)
           TABLE 12 MARKET, 2021–2026 (THOUSAND UNITS)
    8.2 VERTICAL LIFT MACHINES
           8.2.1 VERTICAL LIFT MACHINES OFFER HIGHER FLEXIBILITY THAN OTHER AUTOMATED STORAGE AND RETRIEVAL SYSTEMS (ASRSS)
                    TABLE 13 MARKET FOR VERTICAL LIFT MACHINES, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 14 MARKET FOR VERTICAL LIFT MACHINES, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 15 INDUSTRIAL VENDING MACHINE MARKET FOR VERTICAL LIFT MACHINES, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 16 MARKET FOR VERTICAL LIFT MACHINES, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 17 MARKET FOR VERTICAL LIFT MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 18 MARKET FOR VERTICAL LIFT MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 19 MARKET FOR VERTICAL LIFT MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 20 MARKET FOR VERTICAL LIFT MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 21 MARKET FOR VERTICAL LIFT MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 22 MARKET FOR VERTICAL LIFT MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 23 MARKET FOR VERTICAL LIFT MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 24 MARKET FOR VERTICAL LIFT MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 25 MARKET FOR VERTICAL LIFT MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 26 MARKET FOR VERTICAL LIFT MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 27 MARKET FOR VERTICAL LIFT MACHINES IN OTHERS,  BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 28 MARKET FOR VERTICAL LIFT MACHINES IN OTHERS,  BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 29 MARKET FOR VERTICAL LIFT MACHINES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 30 MARKET FOR VERTICAL LIFT MACHINES, BY REGION, 2021–2026 (USD MILLION)
    8.3 COIL VENDING MACHINES
           8.3.1 COIL VENDING MACHINE IS WIDELY ADOPTED AS IT IS LONG-LASTING AND EASY-TO-SERVICE MACHINE CURRENTLY AVAILABLE
                    TABLE 31 MARKET FOR COIL VENDING MACHINES, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 32 MARKET FOR COIL VENDING MACHINES, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 33 MARKET FOR COIL VENDING MACHINES, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 34 MARKET FOR COIL VENDING MACHINES, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 35 MARKET FOR COIL VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 MARKET FOR COIL VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 37 MARKET FOR COIL VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 38 MARKET FOR COIL VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 39 MARKET FOR COIL VENDING MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 40 MARKET FOR COIL VENDING MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 41 MARKET FOR COIL VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 42 MARKET FOR COIL VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 43 MARKET FOR COIL VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 44 MARKET FOR COIL VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 45 MARKET FOR COIL VENDING MACHINES IN OTHERS,  BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 46 MARKET FOR COIL VENDING MACHINES IN OTHERS,  BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 47 MARKET FOR COIL VENDING MACHINES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 MARKET FOR COIL VENDING MACHINES, BY REGION, 2021–2026 (USD MILLION)
    8.4 CAROUSEL VENDING MACHINES
           8.4.1 CAROUSEL VENDING MACHINES PROVIDE MORE FLEXIBILITY IN STOCKING OF ITEMS COMPARED TO COIL-BASED MACHINES
                    TABLE 49 MARKET FOR CAROUSEL VENDING MACHINES,  BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 50 MARKET FOR CAROUSEL VENDING MACHINES,  BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 51 MARKET FOR CAROUSEL VENDING MACHINES,  BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 52 MARKET FOR CAROUSEL VENDING MACHINES,  BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 53 MARKET FOR CAROUSEL VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 54 MARKET FOR CAROUSEL VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 55 MARKET FOR CAROUSEL VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 56 MARKET FOR CAROUSEL VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 57 MARKET FOR CAROUSEL VENDING MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 58 MARKET FOR CAROUSEL VENDING MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 59 MARKET FOR CAROUSEL VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 60 MARKET FOR CAROUSEL VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 61 MARKET FOR CAROUSEL VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 62 MARKET FOR CAROUSEL VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 63 MARKET FOR CAROUSEL VENDING MACHINES IN OTHERS, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 64 MARKET FOR CAROUSEL VENDING MACHINES IN OTHERS, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 65 MARKET FOR CAROUSEL VENDING MACHINES,  BY REGION, 2017–2020 (USD MILLION)
                    TABLE 66 MARKET FOR CAROUSEL VENDING MACHINES,  BY REGION, 2021–2026 (USD MILLION)
    8.5 SCALE VENDING MACHINES
           8.5.1 SCALE VENDING MACHINES ARE IDEAL FOR QUICK-TURN, HIGH VOLUME, AND INEXPENSIVE ITEMS
                    TABLE 67 MARKET FOR SCALE VENDING MACHINES, BY OFFERING, 2017–2020 (USD MILLION)
                    TABLE 68 MARKET FOR SCALE VENDING MACHINES, BY OFFERING, 2021–2026 (USD MILLION)
                    TABLE 69 MARKET FOR SCALE VENDING MACHINES, BY END-USER INDUSTRY, 2017–2020 (USD THOUSAND)
                    TABLE 70 MARKET FOR SCALE VENDING MACHINES, BY END-USER INDUSTRY, 2021–2026 (USD THOUSAND)
                    TABLE 71 MARKET FOR SCALE VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 72 MARKET FOR SCALE VENDING MACHINES IN AEROSPACE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 73 MARKET FOR SCALE VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 74 MARKET FOR SCALE VENDING MACHINES IN HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 75 MARKET FOR SCALE VENDING MACHINES IN MANUFACTURING, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 76 MARKET FOR SCALE VENDING MACHINES IN MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 77 MARKET FOR SCALE VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 78 MARKET FOR SCALE VENDING MACHINES IN OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 79 MARKET FOR SCALE VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 80 MARKET FOR SCALE VENDING MACHINES IN CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 81 MARKET FOR SCALE VENDING MACHINES IN OTHERS,  BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 82 MARKET FOR SCALE VENDING MACHINES IN OTHERS,  BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 83 MARKET FOR SCALE VENDING MACHINES, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 84 MARKET FOR SCALE VENDING MACHINES, BY REGION, 2021–2026 (USD THOUSAND)
    8.6 OTHERS
           TABLE 85 MARKET FOR OTHERS, BY OFFERING,  2017–2020 (USD MILLION)
           TABLE 86 MARKET FOR OTHERS, BY OFFERING,  2021–2026 (USD MILLION)
           TABLE 87 MARKET FOR OTHERS, BY END-USER INDUSTRY,  2017–2020 (USD THOUSAND)
           TABLE 88 MARKET FOR OTHERS, BY END-USER INDUSTRY,  2021–2026 (USD THOUSAND)
           TABLE 89 MARKET FOR OTHERS IN AEROSPACE INDUSTRY,  BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 90 MARKET FOR OTHERS IN AEROSPACE INDUSTRY,  BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 91 MARKET FOR OTHERS IN HEALTHCARE INDUSTRY,  BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 92 MARKET FOR OTHERS IN HEALTHCARE INDUSTRY,  BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 93 MARKET FOR OTHERS IN MANUFACTURING INDUSTRY, BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 94 MARKET FOR OTHERS IN MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 95 MARKET FOR OTHERS IN OIL & GAS INDUSTRY,  BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 96 MARKET FOR OTHERS IN OIL & GAS INDUSTRY,  BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 97 MARKET FOR OTHERS IN CONSTRUCTION INDUSTRY,  BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 98 MARKET FOR OTHERS IN CONSTRUCTION INDUSTRY,  BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 99 MARKET FOR OTHERS IN OTHER END-USER INDUSTRIES, BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 100 MARKET FOR OTHERS IN OTHER END-USER INDUSTRIES, BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 101 MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 102 MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

9 BUSINESS MODELS FOR INDUSTRIAL VENDING MACHINES (Page No. - 118)
    9.1 INTRODUCTION
           FIGURE 34 MARKET, BY BUSINESS MODEL
    9.2 SUPPLIER-MANAGED SOLUTIONS
           9.2.1 SUPPLIER-MANAGED SOLUTIONS MODEL IS PREDOMINANTLY FOLLOWED BY MAINTENANCE, REPAIR, AND OPERATION (MRO) PRODUCT DISTRIBUTORS/INTEGRATORS
    9.3 SUPPLIER AGNOSTIC SOLUTIONS
           9.3.1 SUPPLIER AGNOSTIC SOLUTIONS MODEL IS FOLLOWED BY OEMS

10 INDUSTRIAL VENDING MACHINE MARKET, BY END-USER INDUSTRY (Page No. - 120)
     10.1 INTRODUCTION
               FIGURE 35 INDUSTRIAL VENDING MACHINE MARKET, BY END-USER INDUSTRY
               FIGURE 36 MARKET FOR MANUFACTURING INDUSTRY TO HOLD LARGEST SHARE DURING FORECAST PERIOD
               TABLE 103 MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 104 MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
     10.2 AEROSPACE
             10.2.1 INDUSTRY 4.0 REVOLUTION HAS INCREASED USAGE OF INTELLIGENT AUTOMATED DISPENSING MACHINES IN ORGANIZATIONS BELONGING TO AEROSPACE INDUSTRY
                       TABLE 105 MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 106 MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.3 HEALTHCARE
             10.3.1 INDUSTRIAL VENDING MACHINES AUTOMATE INVENTORY MANAGEMENT AND ASSIST WITH REGULATORY COMPLIANCE OF MEDICAL INDUSTRY
                       FIGURE 37 DRIVING FACTORS FOR INDUSTRIAL VENDING MACHINE MARKET FOR HEALTHCARE INDUSTRY
                       TABLE 107 MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 108 MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.4 MANUFACTURING
             10.4.1 USE OF VENDING MACHINES FOR INDUSTRIAL SUPPLY HELPS ELIMINATE COSTLY RESTOCKING DELAYS BY PREDICTING TOOL SHORTAGES
                       10.4.1.1 Steel mill
                       10.4.1.2 Food & beverage
                       10.4.1.3 Automotive
                                   TABLE 109 MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 110 MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.5 OIL & GAS
             10.5.1 INDUSTRIAL VENDING SOLUTIONS MAXIMIZE PRODUCTIVITY IN OIL & GAS INDUSTRY
                       TABLE 111 MARKET FOR OIL & GAS INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                       TABLE 112 MARKET FOR OIL & GAS INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
     10.6 CONSTRUCTION
             10.6.1 INDUSTRIAL VENDING MACHINES HAVE PROMINENT USAGE IN RAIL/TRANSIT SECTOR
                       TABLE 113 MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 114 MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.7 OTHERS
             10.7.1 MINING
             10.7.2 ENERGY & UTILITY
             10.7.3 GOVERNMENT & MILITARY
                       TABLE 115 MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 116 MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 132)
     11.1 INTRODUCTION
               FIGURE 38 MARKET, BY REGION
               FIGURE 39 NORTH AMERICA TO HOLD LARGEST SIZE OF INDUSTRIAL VENDING MACHINE MARKET DURING FORECAST PERIOD
               TABLE 117 MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 118 MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 40 SNAPSHOT: MARKET IN NORTH AMERICA
               TABLE 119 MARKET IN NORTH AMERICA, BY COUNTRY,  2017–2020 (USD MILLION)
               TABLE 120 MARKET IN NORTH AMERICA, BY COUNTRY,  2021–2026 (USD MILLION)
               TABLE 121 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 122 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY,  2021–2026 (USD MILLION)
               TABLE 123 MARKET IN NORTH AMERICA, BY TYPE,  2017–2020 (USD MILLION)
               TABLE 124 MARKET IN NORTH AMERICA, BY TYPE,  2021–2026 (USD MILLION)
             11.2.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
                       FIGURE 41 ANALYSIS OF MARKET IN NORTH AMERICA: PRE- VS. POST-COVID-19
             11.2.2 US
                       11.2.2.1 Large presence of major players to drive market growth in US
             11.2.3 CANADA
                       11.2.3.1 Increasing government-led investments in vending technology for healthcare industry to drive market growth
             11.2.4 MEXICO
                       11.2.4.1 Mexico to witness high growth opportunities for industrial vending machine market
     11.3 EUROPE
               FIGURE 42 SNAPSHOT: INDUSTRIAL VENDING MACHINE MARKET IN EUROPE
               TABLE 125 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 126 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 127 MARKET IN EUROPE, BY END-USER INDUSTRY,  2017–2020 (USD MILLION)
               TABLE 128 MARKET IN EUROPE, BY END-USER INDUSTRY,  2021–2026 (USD MILLION)
               TABLE 129 MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 130 MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
             11.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE
                       FIGURE 43 ANALYSIS OF MARKET IN EUROPE: PRE- VS. POST-COVID-19
             11.3.2 UK
                       11.3.2.1 Growing use of touchless PPE vending machines in manufacturing industry to support market growth in UK
             11.3.3 GERMANY
                       11.3.3.1 Growing demand for vending machines in food & beverage industry to drive market growth in Germany
             11.3.4 FRANCE
                       11.3.4.1 France to register highest growth rate in European market during forecast period
             11.3.5 REST OF EUROPE
     11.4 APAC
               FIGURE 44 SNAPSHOT: INDUSTRIAL VENDING MACHINE MARKET IN ASIA PACIFIC
               TABLE 131 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 132 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 133 MARKET IN APAC, BY END-USER INDUSTRY,  2017–2020 (USD MILLION)
               TABLE 134 MARKET IN APAC, BY END-USER INDUSTRY,  2021–2026 (USD MILLION)
               TABLE 135 MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 136 MARKET IN APAC, BY TYPE,  2021–2026 (USD MILLION)
             11.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
                       FIGURE 45 ANALYSIS OF MARKET IN APAC: PRE- VS. POST-COVID-19
             11.4.2 CHINA
                       11.4.2.1 Integration of internet solutions into vending machines to drive market growth
             11.4.3 JAPAN
                       11.4.3.1 Increasing sale of industrial vending machines to boost market growth during the forecast period
             11.4.4 INDIA
                       11.4.4.1 Low cost of coil/helix industrial vending machines is increasing their usage in India
             11.4.5 REST OF APAC
     11.5 ROW
             11.5.1 IMPACT OF COVID-19 INDUSTRIAL VENDING MACHINE MARKET IN ROW
                       FIGURE 46 ANALYSIS OF MARKET IN ROW: PRE- VS. POST-COVID-19
                       TABLE 137 MARKET IN ROW, BY REGION,  2017–2020 (USD MILLION)
                       TABLE 138 MARKET IN ROW, BY REGION,  2021–2026 (USD MILLION)
                       TABLE 139 MARKET IN ROW, BY END-USER INDUSTRY,  2017–2020 (USD MILLION)
                       TABLE 140 MARKET IN ROW, BY END-USER INDUSTRY,  2021–2026 (USD MILLION)
                       TABLE 141 MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 142 MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
             11.5.2 SOUTH AMERICA
                       11.5.2.1 Growing use of IoT-connected vending machines to boost growth of industrial vending machine market
             11.5.3 MIDDLE EAST & AFRICA
                       11.5.3.1 Increasing adoption of personal protection equipment and industrial management systems to fuel market growth

12 COMPETITIVE LANDSCAPE (Page No. - 153)
     12.1 INTRODUCTION
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL VENDING MACHINE MARKET
     12.3 REVENUE ANALYSIS OF TOP PLAYERS
               FIGURE 47 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL VENDING MACHINE MARKET, 2016–2020
     12.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2020
               FIGURE 48 MARKET SHARE ANALYSIS OF KEY PLAYERS IN INDUSTRIAL VENDING MACHINE MARKET IN 2020
               TABLE 143 MARKET: DEGREE OF COMPETITION
               TABLE 144 MARKET: RANKING ANALYSIS
     12.5 COMPANY EVALUATION QUADRANT, 2020
             12.5.1 STAR
             12.5.2 EMERGING LEADER
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANT
                       FIGURE 49 INDUSTRIAL VENDING MACHINE MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     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 COMPANY
             12.7.3 DYNAMIC COMPANY
             12.7.4 STARTING BLOCK
                       FIGURE 50 INDUSTRIAL VENDING MACHINE MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020
     12.8 COMPETITIVE SITUATIONS AND TRENDS
             12.8.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 145 PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2021
             12.8.2 DEALS
                       TABLE 146 DEALS, 2019–2020

13 COMPANY PROFILES (Page No. - 166)
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
     13.1 INTRODUCTION
     13.2 IMPACT OF COVID-19 ON PLAYERS IN INDUSTRIAL VENDING MACHINE MARKET
     13.3 KEY PLAYERS
             13.3.1 FASTENAL COMPANY
                       TABLE 147 FASTENAL COMPANY: BUSINESS OVERVIEW
                       FIGURE 51 FASTENAL COMPANY: COMPANY SNAPSHOT
                       TABLE 148 FASTENAL COMPANY: PRODUCT LAUNCHES
                       TABLE 149 FASTENAL COMPANY: DEALS
             13.3.2 AUTOCRIB, INC.
                       TABLE 150 AUTOCRIB, INC.: BUSINESS OVERVIEW
                       TABLE 151 AUTOCRIB, INC.: DEALS
             13.3.3 AIRGAS, INC.
                       TABLE 152 AIRGAS, INC.: BUSINESS OVERVIEW
                       TABLE 153 AIRGAS, INC.: DEALS
             13.3.4 SUPPLYPOINT
                       TABLE 154 SUPPLYPOINT: BUSINESS OVERVIEW
                       TABLE 155 SUPPLYPOINT: PRODUCT LAUNCHES
             13.3.5 BRAMMER
                       TABLE 156 BRAMMER: BUSINESS OVERVIEW
             13.3.6 SUPPLYPRO, INC.
                       TABLE 157 SUPPLYPRO, INC.: BUSINESS OVERVIEW
                       TABLE 158 SUPPLYPRO, INC.: PRODUCT LAUNCHES
             13.3.7 CRIBMASTER
                       TABLE 159 CRIBMASTER: BUSINESS OVERVIEW
                       TABLE 160 CRIBMASTER: PRODUCT LAUNCHES
             13.3.8 IVM, INC.
                       TABLE 161 IVM, INC.: BUSINESS OVERVIEW
             13.3.9 SECURASTOCK, LLC.
                       TABLE 162 SECURASTOCK, LLC.: BUSINESS OVERVIEW
             13.3.10 SILKRON
                       TABLE 163 SILKRON: BUSINESS OVERVIEW
     13.4 OTHER PLAYERS
             13.4.1 INTELLIGENT DISPENSING SOLUTIONS
             13.4.2 AUTOMATYBHP
             13.4.3 MSC INDUSTRIAL DIRECT CO., INC.
             13.4.4 W.W. GRAINGER, INC.
             13.4.5 SEAGA MANUFACTURING INC.
             13.4.6 EASIER VENDING LLC
             13.4.7 TURTLE & HUGHES
             13.4.8 DIGITAL MEDIA VENDING INTERNATIONAL, LLC.
             13.4.9 1SOURCEVEND
             13.4.10 VENDING DESIGN WORKS
             13.4.11 INDUSTRIAL VENDING SYSTEMS
             13.4.12 VECHNOLOGY
             13.4.13 RELIANCE SUPPLY, INC.
             13.4.14 ENGINEERS MATE LTD.
             13.4.15 IMC GROUP

*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 210)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the industrial vending machine market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred to for this research study include organizations such as Vending Connection, Automatic Vending Association (AVA), National Automatic Merchandising Association (NAMA), National Bulk Vendors Association (NBVA), and so on; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, and business. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the industrial vending machine market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (aerospace, healthcare. Manufacturing, oil & gas, construction, and others) and supply-side (OEM, system integrators, software providers, solution providers) players across four major regions, namely, North America, Europe, APAC, and Rest of the World (South America, Africa, Middle East). Approximately 75% and 25% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Industrial Vending Machine Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial vending machine market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Global Industrial vending machine market Size: Bottom-Up Approach

Industrial Vending Machine Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives:

  • To define, describe, segment, and forecast the industrial vending machine market in terms of value based on offering, type, and end-user industry
  • To describe and forecast the size of the market for four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide qualitative information about different types
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed value chain for the industrial vending machine market
  • To analyze opportunities in the market for stakeholders, along with a detailed competitive landscape of the industrial vending machine market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies2, along with the competitive leadership mapping chart
  • To provide a detailed impact of COVID-19 on the industrial vending machine market
  • To provide the impact of COVID-19 on the market segments and the players operating in the industrial vending machine market
  • To analyze the competitive developments such as product launches/developments, partnerships/acquisitions/contracts in the industrial vending machine market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Industrial Vending Machine Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Vending Machine Market

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