First vending machine for public health products aims to make it easier for citizens to access important health products

Global Industrial Vending Machines Market

Dublin, August 22, 2024 (GLOBE NEWSWIRE) — The report “Industrial Vending Machines Market by Offering (Hardware, Software), Type (Carousel Vending Machines, Reel Vending Machines, Weighing Machines), End-User Industry – Global Forecast 2024-2030” has been added to The Offer.

The Industrial Vending Machines market grew from USD 1.66 billion in 2023 to USD 1.81 billion in 2024. It is expected to continue growing at a compound annual growth rate of 9.66% to reach USD 3.16 billion by 2030.

These vending machines significantly increase operational efficiency by ensuring the availability of the right tools and supplies at the right time, thereby reducing downtime and increasing productivity in industrial settings. Industrial vending machines are used in various industries, including manufacturing, healthcare, and logistics. In manufacturing, these vending machines manage the dispensing of safety equipment, cutting tools, welding supplies, and more right on the shop floor.

In healthcare, they help efficiently manage medical supplies, medications, and PPE kits. Logistics operations use these machines to optimize the distribution of critical tools and equipment for maintenance and operations. These machines offer significant benefits by optimizing operating costs, increasing productivity through faster tool access, and ensuring compliance with safety standards.

Furthermore, the market is benefiting from the increased need of the industry for cost-effective workflow and inventory management solutions. The increasing use of point-of-use inventory management and tracking solutions in the industry is driving the global demand for industrial vending machines. However, high initial expenditure, complex implementation processes and maintenance in demanding industrial environments are hampering the market growth. Moreover, continuous technological improvements such as real-time data monitoring, IoT integration and cloud-based inventory management systems are driving the market growth.

The industrial vending machine market is poised for significant growth, driven by demand for operational efficiency and technological advancements. Focusing on innovation and addressing the unique needs of different industries can open new avenues for expansion and profitability.

Regional insights

The Americas region is witnessing robust market growth, especially in the US and Canada, where industrial vending machines are being used more due to the presence of major industries such as automotive, aerospace, and electronics. These industries require precise inventory management to minimize operational downtime and reduce costs. Current investments and research in the US are focused on improving IoT integration in vending machines, ensuring inventory optimization, and real-time data analytics. In Canada, industrial automation and smart manufacturing initiatives are also relevant and are driving the adoption of these solutions. This region is witnessing a significant increase in adoption, especially in China, Japan, and India.

The story continues

Rapid industrialization, coupled with increasingly lean manufacturing methods, is driving the adoption of vending machines. Japan’s focus on technological innovation is on integrating advanced technologies into vending units and cloud computing to increase operational efficiency. Investments in these areas are supported by both private and government entities, with research being a priority in product development. In the EU region, there is a strong emphasis on regulatory compliance and sustainability, which is driving the need for industrial vending machines.

EU industries use these machines to comply with strict regulations on worker safety and waste reduction. In addition, the EU’s focus on circular economy initiatives makes industrial vending machines an effective solution for reusing and recycling materials.

The Middle East and Africa are beginning to realise the potential of industrial vending machines, particularly in the oil and gas, mining and construction industries. In these regions, the focus is on improving safety and controlling stock loss, which is critical in high-value industries. Recent patents and innovations show a clear trend towards developing software solutions that are integrated into industrial vending machines to adapt functionalities to different geographical requirements.

Market drivers

• Increasing use of point-of-use inventory management and tracking solutions in industry

• Increasing digitalization of supply chain monitoring in smart factories

• Increasing demand for highly secure industrial vending machines in data centers

Market restrictions

Market opportunities

Market challenges

Market segmentation analysis

Recent developments

Outagamie County launches first public health product vending machine to improve community access to essential health products

Outagamie County has launched its first public health vending machine, providing residents with easy access to essential health products. Located in a strategic public location, this initiative is designed to reduce barriers to accessing essential health resources. The project is a real-world example of improving health outcomes in the community through accessible and non-judgmental services.

Strategy analysis and recommendation

Strategic analysis is essential for companies seeking to gain a foothold in the global market. Companies are better able to make informed decisions that align with their long-term goals by thoroughly evaluating their current position in the Industrial Vending Machines market. This critical assessment includes a thorough analysis of the company’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Main features:

Main topics covered:

1. Foreword

2. Research methodology

3. Summary

4. Market overview

5. Market insights
5.1. Market dynamics
5.2. Market segmentation analysis
5.3. Market disruption analysis
5.4. Porter’s Five Forces Analysis
5.5. Value chain and critical path
5.6. Price analysis
5.7. Technology analysis
5.8. Patent analysis
5.9. Trading analysis
5.10 Analysis of the regulatory framework

6. Industrial Vending Machines Market by Supply
6.1. Introduction
6.2. Hardware
6.3. Software

7. Industrial Vending Machines Market by Type
7.1 Introduction
7.2. Carousel vending machines
7.3. Automatic spool machines
7.4. Scale vending machines
7.5. Vertical lifting machines

8. Industrial Vending Machines Market by End-User Industry
8.1 Introduction
8.2. Aerospace
8.3. Construction
8.4. Healthcare
8.5. Manufacturing
8.6. Oil and gas

9. Industrial Vending Machines Market in America

10. Asia Pacific Industrial Vending Machines Market

11. Industrial Vending Machines Market in Europe, Middle East and Africa

12. Competitive landscape
12.1. Market share analysis, 2023
12.2. FPNV positioning matrix, 2023
12.3. Competitive scenario analysis
12.3.1. Outagamie County introduces the first public health vending machine to improve community access to essential health products
12.4. Strategy analysis and recommendation

13. Competitive portfolio

• Airgas, Inc. from Air Liquide SA

• Autocrib by Snap-on Incorporated

• BlackHawk Industrial Distribution, Inc.

• Digital Media Vending International, LLC

• Fastening material

• International Vending Management, Inc.

• Seaga Manufacturing Inc.

• SecuraStock

• Seidenron

• Stanley Black & Decker, Inc.

• Supplypro, Inc.

• TouchPoint, Inc.

• Turtle & Hughes Integrated Care

• Sales stop

For more information about this report visit https://www.researchandmarkets.com/r/x4e301

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