Global Industrial Vending Machine Market Insights Forecasts to 2030

• The Industrial Vending Machine Market was valued at USD 2.50 billion in 2021.
• The market is growing at a CAGR of 10.1% from 2021 to 2030
• The Industrial Vending Machine Market is expected to reach USD 5.94 billion by 2030
• The Asia Pacific is expected to grow the fastest during the forecast period

The Industrial Vending Machine Market is expected to reach USD 5.94 billion by 2030, at a CAGR of 10.1 during the forecast period 2021 to 2030. In the upcoming years, the Industrial Vending Machine market is expected to be driven by the growing adoption of industrial vending machines by small and medium-sized speciality manufacturing units.

Market Overview

Automated recycling machines were often known as reverse vending machines. Customers can use a reverse vending machine to return empty food and drink containers and earn rewards like cash or a refund. A reverse vending machine is a convenient and effective solution for recycling bottle containers. It is utilized in many locations, including malls, airports, municipalities, and metro stations. Individuals' rising expenditure on food and beverages, which in turn drives the demand for more reverse vending machines for efficient waste collection, is what drives the expansion of the reverse vending machine market globally. For instance, the population of South Africa's disposable income increased by 7.7% between the fourth quarter of 2018 and the fourth quarter of 2020. Due to environmental laws, garbage management has become a serious issue because of the enormous amounts of waste produced every day due to population expansion. The expansion of the worldwide reverse vending machine market is anticipated to be fuelled by an increase in the urban population. For instance, by 2025, there will be 5.3 billion people living in cities, producing 2.42 kg of municipal solid garbage per person daily, increasing demand for reverse vending machines and propelling the expansion of the global market. An initiative by the government to introduce reverse vending machines at airports, metro stations, and train stations for efficient waste management techniques is driving the growth of the reverse vending machine market globally. One example is the reverse vending machine that Glassglow Airport introduced for efficient waste management.  Due to temporary lockdowns implemented by nations worldwide, the COVID-19 pandemic has altered the commercial landscape in several industries. This action further resulted in enterprises temporarily ceasing regular operations while some industries were permitted to continue with a smaller workforce. Like other industries, Industrial Vending Machine Market experienced production delays due to problems with the availability of raw materials brought on by supply chain disruption. Because these products are available for hire, SMEs can rent them for a profit. In the upcoming years, this market is anticipated to be driven by the growing adoption of industrial vending machines by small and medium-sized speciality manufacturing units. During the projection period, countries in emerging areas are anticipated to fuel market expansion.

Report Coverage

This research report categorizes the market for Industrial Vending machines based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Industrial Vending Machine Market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each Industrial Vending Machine Market sub-segments. 

Segmentation Analysis

• In 2021, the Coil Vending Machine segment dominated the market with the largest market share of 37.6% and market revenue of 0.94 billion.

Based on the Type, the Industrial Vending Machine Market is categorized into Carousel Vending Machine, Coil Vending Machine, Cabinet and Others Vending Machine. In 2021, the Coil Vending Machine segment dominated the market with the largest market share of 37.6% and market revenue of 0.94 billion. The demand for Coil Vending Machine is more cost-effective since they can store more inventory than other product types, use less energy, and are simple to maintain. The category is therefore expected to fuel market expansion.

• In 2021, the PPE Tools segment accounted for the largest share of the market, with 39.8% and a market revenue of 0.99 billion.

Based on product, the Industrial Vending Machine Market is categorized into MRO Tools, PPE, and Others. In 2021, the PPE Tools segment accounted for the largest share of the market, with 39.8% and a market revenue of 0.9 billion. Personal protective equipment storage in industrial vending machines is a result of a growing focus on worker safety. The demand for this PPE equipment is also anticipated to rise as a result of tighter rules pertaining to worker safety. The demand for PPE equipment is anticipated in the growth of the Industrial Vending Machine Market.

• In 2021, the Manufacturing segment accounted for the largest share of the market, with 20.0% and a market revenue of 0.5 BILLION.

Based on the End- Use, the Industrial Vending Machine Market is categorized into Oil & Gas, Construction, Aerospace, Manufacturing, and Others. In 2021, Manufacturing accounted for the largest share of the market, with 20.0% and a market revenue of 0.5 Billion. The demand for the Manufacturing sector for Industrial Vending Machine Market has expanded due to urbanization and industrialization. 

Regional Segment Analysis of the Dashboard Camera Market

• North America (U.S., Canada, Mexico) 
• North America (Germany, France, U.K., Italy, Spain, Rest of North America)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest market for the Industrial Vending Machine Market, with a market share of around 33.1% and 0.82 billion of the market revenue in 2021.

• North America emerged as the largest market for the Industrial Vending Machine Market, with a market share of around 33.1% and 0.82 billion of the market revenue in 2021. North America is expected to be the largest market for Industrial Vending Machine Market due to the region's large number of OEMs and distributors. Moreover, the market demand for industrial vending machines is being driven by growing awareness regarding worker safety in hazardous work conditions.
• The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2030, The demand for inventory management systems is driven by the Asia-Pacific region's expanding manufacturing sector. Additionally, nations like China, India, and South Korea are implementing cutting-edge manufacturing and production techniques, and it is projected that the area will gain momentum during the evaluation period.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the Industrial Vending Machine Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• Apex Industrial Technologies, LLC
• AutoCrib, Inc.
• Brammer
• IMC Group
• SecuraStock
• CribMaster
• Fastenal Company
• Airgas Inc.
• IVM Ltd.
• Sandenvendo America, Inc.
• Crane Merchandising Systems
• Azkoyen Group
• Fuji Electric Co. Ltd
• Fastcorp Vending LLC Royal Vendors, Inc.
• Seaga Manufacturing Inc
• Jofemar Corporation
• Selecta TMP AG
• Bianchi Industry

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In April 2020- An investment in Apex Industrial Technologies was made by Fastenal Company. Over the next years, it is anticipated to expand the company's reach and strengthen its portfolio.
• In May 2021- FlipTop, a brand-new vending machine created especially for expensive tools and accessories, was introduced by CribMaster.

Market Segment

This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the Industrial Vending Machine Market based on the below-mentioned segments:

Industrial Vending Machine Market, By Type

• Carousel Vending Machine
• Coil Vending Machine
• Cabinet Vending Machine
• Others

Industrial Vending Machine Market, By Product Type

• MRO Tools
• PPE
• Others

Industrial Vending Machine Market, By End-use

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

Industrial Vending Machine Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• North America
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of North America
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa