Global Industrial Vending Machine Market For Automotive And Heavy Equipment, Aviation And Aerospace, Food Processing And Beverage Industry, Medical And Pharmaceuticals, Energy And Utilities And Other Applications

Industrial vending machines provide point-of-use inventory management for industrial supplies. Workers simply scan an ID or fingerprint to issue or return items. The industrial vending system does the record keeping automatically just like a tool crib attendant. Industrial vending machines dispense maintenance, repair and operations (MRO) supplies; safety products and other highly consumable items in warehouses and other industrial settings. These machines and the processes that come with them streamline inventory management, increase accountability and reduce consumption. Employees can easily select the product they need from the vending machine, and the product dispenses automatically. This eliminates the constant inventory level monitoring for fast-moving products such as safety and consumable MRO items.

Industrial vending machines help to view inventory levels in real time, help to keep track of accurate inventory counts, vending machines assist in preventing overstocking, industrial vending machines relieve the burden of inventory management. These all parameters are expected to drive the industrial vending machine market during the forecast period. In terms of volume, global industrial vending machine market in 2016 stood at 29.95 thousand units and is expected to reach 79.96 thousand units by 2022 growing at a CAGR of 18.8% from 2017 to 2022. In terms of revenue, global Industrial vending machine market in 2016 stood at USD 73.32 Mn and is expected to reach USD 200.55 Mn by 2022 growing at a CAGR of 19.3% from 2017 to 2022.

Browse the full report at http://apexmarketreports.com/Heavy-Industry/Global-Industrial-Vending-Machine-Market-Research-Report-2017

Major applications of industrial vending machine can be classified as automotive and heavy equipment, aviation and aerospace, food processing and beverage industry, medical and pharmaceuticals, energy and utilities and others. Automotive and Heavy Equipment application held the major market share while medical and pharmaceuticals application is expected to grow at a fastest growth rate during the forecast period.

Region wise global Industrial vending machine market is segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa. North America held the largest market share followed by Europe and Asia Pacific respectively. Asia Pacific is expected to grow at a fastest growth rate followed by North America and South America during the forecast period.

Global major players:-

AutoCrib
Ferguson Enterprises Inc.
Fastenal Company
Brammer
Grainger
MSC Industrial Direct
Silkron
among others.

Fastenal Company is one of the major player in industrial vending machine market and has largest number of installations across the U.S.

Sample Copy of Report @ https://goo.gl/d9Dtd1

The Global industrial vending machine market is segmented as follows:
Global Industrial Vending Machine Market: Product analysis
1000KG Industrial Vending Machine

Global Industrial Vending Machine Market: Application analysis
Automotive and Heavy Equipment
Aviation and Aerospace
Food Processing and Beverage Industry
Medical and Pharmaceuticals
Energy and Utilities
Others

Global Industrial Vending Machine Market: Region analysis
North America
Europe
Asia-Pacific
South America
Middle East and Africa

About Us:

“Apex Market Reports” offers elevating market research globally. We have collection of various syndicated reports of different categories. “Apex Market Reports” provides you to best services, weather you’re searching for new trends in market or competitive scenario in emerging market.

Customers can buys different reports across various categories such as Chemical and Material, Biotechnology, Healthcare, Food and beverages, Automobile and various sectors. Our Website offers safe and secure online ordering experience, convenient payment options.

Contact Us:

Frank Valadez
Corporate Sales Specialist
155 North Wacker Drive, Suite 4250
Chicago, IL 60606
Phone: +17739042683
Email id - sales@apexmarketreports.com
Website - www.apexmarketreports.com

This release was published on openPR.