Industrial Vending Machine Companies -Fastenal Company (US) and Airgas, Inc. (US) are the Key Players
The global industrial vending machine market size is expected to grow from USD 1.6 billion in 2024 to USD 2.5 billion by 2029, at a CAGR of 10.1% from 2024 to 2029. The benefits of industrial vending are interminable. With industrial vending machines, one can cut spending, reduce inventory consumption, and eliminate stock-outs and downtime. Machines can be programmed to dispense reconditioned, older tools before new tools, reducing inventory cost.
As of 2023, Fastenal Company (US), Airgas, Inc. (US), RUBIX GROUP (UK), MSC Industrial Direct Co., Inc. (US), Turtle (US), and W.W. Grainger, Inc. (US) are some of the notable players in this market.
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Major Industrial Vending Machine companies include:
- Fastenal Company (US)
- Airgas, Inc. (US)
- RUBIX GROUP (UK)
- MSC Industrial Direct Co., Inc. (US)
- Turtle (US), W.W. Grainger, Inc. (US).
Fastenal Company
Fastenal Company is a supplier of fasteners and industrial and construction supplies. The company operates under a single business segment. Its product line includes threaded fasteners; tools and equipment; abrasives and cutting tools; components and accessories for hydraulics, pneumatics, plumbing, and HVAC; material-handling products; and janitorial, welding, safety, and electrical supplies. The company introduced industrial vending (FAST Vend) in 2008 to provide its customers with improved monitoring and control products, offering benefits such as reduced consumption, reduced purchase orders, reduced product handling, and 24-hour product availability.
Airgas, Inc.
Airgas, Inc. is involved in the supply of industrial, medical, and specialty gases, as well as hard goods such as welding equipment, specialty tools, and maintenance, repair, and operations (MRO) products. The company also produces atmospheric gases, carbon dioxide, dry ice, and nitrous oxide and supplies refrigerants, ammonia products, and process chemicals. The company serves diverse industries, such as construction, energy and chemicals, food and beverages, government, defense and aerospace, life sciences and healthcare, manufacturing and metal fabrication, power utilities and materials, and retail services.
RUBIX GROUP
RUBIX GROUP is one of the market leading distributors of industrial products and services in Europe. The company is an authorized distributor for several engineering component manufacturers. Further, it supplies maintenance, repair and overhaul (MRO) products and services for the technical maintenance of industrial production. In addition, it also supplies bearings, mechanical power transmission components, cutting, tooling, flow technology and fluid power products, machining, general maintenance products, and the associated logistics and technical services, offering a wide variety of products to customers.
Related Reports:
Industrial Vending Machine Market by Type (Vertical Lift, Coil, Carousel, Scale, Locker, Drawer), Product Type (PPE, Hand Tools, Power Tools, Industrial Supplies, Fastening, General Supplies), Offering, Industry and Region - Global Forecast to 2029
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