Press release
Global Industrial Vending Machines Market 2021 Professional Outlook by Historical Data and Future Growth during Forecast Period 2021-2025 | AutoCrib, Fastenal Company, Apex Industrial Technologies, Silkron, SupplyPro.
Industrial Vending Machines Market
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Major Keyplayers in this industry :
AutoCrib
Fastenal Company
Apex Industrial Technologies
Silkron
SupplyPro
SupplyPoint
CribMaster
CMT Industrial Solutions
IVM Ltd.
Grainger
Brammer
Product Type Segmentation Includes :
Carousel Vending Machine
Coil Vending Machine
Application Segmentation Includes :
Heavy Industry
Aerospace
Car Producer
Oil & Gas
The industrial vending machine market has gained significant momentum with the advent of advanced technology. The integration of RFID tags and cloud infrastructure into industrial vending machines to provide multilingual display systems is expected to create growth opportunities for the market over the next few years. For example, IVM, Inc. offers industrial vending machines integrated with SaveLog software that uses RFID tags to log each transaction, along with multilingual displays and alerts for stock replenishment. Vending machines can be used to dispense any type of item without staff intervention.Adoption of industrial vending machines in small and medium-sized manufacturing facilities is increasing due to advantages such as reduced energy consumption and cost-effectiveness, and sales are expected to increase in the future due to increased interest from other industrial companies to reduce managed inventory.
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Machinery manufacturers serve small and medium-sized enterprises (SMEs) involved in a variety of industries including aerospace, manufacturing, medical, construction, oil and gas, and have a large customer base. Emerging SMEs in all regions are choosing rotary machines because they are cost-effective, require less floor space and consume minimal energy. These vending machines are driving demand worldwide by easing inventory management and improving performance.
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The initial purchase cost of a vending machine can be a significant factor limiting demand during the forecast period. In addition, as the manufacturing industry was temporarily closed due to COVID-19, it became difficult to introduce vending machines to the industry. Nevertheless, the high maintenance costs associated with vending machines along with excessive downtime will consequently hamper the growth of market players during the forecast period.
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