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PUBLISHER: Grand View Research | PRODUCT CODE: 1301180
PUBLISHER: Grand View Research | PRODUCT CODE: 1301180
North America Industrial Vending Machine Market Size, Share & Trends Analysis Report By Type (Carousel, Coil), By Product (MRO Tools, PPE), By End-Use (Manufacturing, Construction), By Country, And Segment Forecasts, 2023 - 2030
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North America Industrial Vending Machine Market Growth & Trends
The North America industrial vending machine market size is expected to reach USD 2.00 billion by 2030, expanding at 9.6% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. Industrial vending machines have grown in popularity in North America, where they can be found in diverse locations such as manufacturing factories, warehouses, and distribution centers. These machines let staff easily access equipment and supplies while allowing management to check usage and limit expenditures. Also, the need for improved inventory management, cost control, and increased safety measures is driving the market.
One of the main driving factors in the market is the requirement for firms to improve their inventory management operations. Many firms require assistance in maintaining inventory levels, which can lead to stockouts and production delays. This challenge is addressed by industrial vending machines, which provide real-time inventory tracking and automated restocking. Furthermore, the desire to reduce waste and control costs is also driving the adoption of industrial vending machines. Businesses can avoid waste and save money on unneeded purchases by tracking inventory levels and distributing only the amount of goods required.
However, several restraints limit the growth of the market such as lack of awareness about their benefits among end-users. A lot of companies fail to realize the possible cost savings and improved productivity that can be offered by these machines. Moreover, COVID-19 has increased the demand for PPE and other safety equipment, which can be efficiently distributed through industrial vending machines. These machines provide a contactless and convenient method of obtaining vital supplies while reducing the risk of transmission.
Industrial vending machines can provide a beneficial answer to the rise of just-in-time manufacturing and the requirement for quick, effective inventory management. Workers can rapidly get the components and supplies they need to keep production operations smooth through industrial vending machines placed on the shop floor. This saves time and contributes to lower waste and inventory expenses.
North America Industrial Vending Machine Market Report Highlights
- The coil vending machine segment accounted for nearly 37.0% of the revenue share in 2022, owing to its higher penetration across various end-use industries such as construction, manufacturing, and oil & gas
- The PPE segment accounted for the largest share of nearly 41.0% in 2022 due to the increased use of protective items across various industries, including hard hats, safety goggles, and safety gloves
- Moreover, the MRO segment is estimated to register a robust CAGR over the forecast period. MRO supplies such as tools, spare parts, sealants, coatings, tool kits, and testing equipment are required the most, during downtime
- The manufacturing industry is expected to grow at a CAGR of approximately 9.5% over the forecast period. This is credited to the strong growth in the manufacturing sector worldwide, especially in emerging economies
- Key players are opting for various strategies, including product development, expansion to new geographic locations, and joint ventures, to increase sales and improve market share. For instance, in February 2022, Neon, an NFT & digital platform, announced the launch of the globe's first NFT vending machine in New York. The vending machine, the first of its kind globally, makes it possible for almost anybody to enter the realm of NFTs without a prior understanding of blockchain or cryptocurrencies
Product Code: GVR-4-68040-079-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Information Procurement
- 1.2.1. Purchased database.
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third - party perspectives
- 1.2.4. Primary research
- 1.3. Information Analysis
- 1.3.1. Data Analysis Models
- 1.4. Market Formulation & Data Visualization
- 1.5. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. North America Industrial Vending Machine Market Snapshot, 2022 & 2030
- 2.2. Type Segment Snapshot, 2022 & 2030
- 2.3. Product Segment Snapshot, 2022 & 2030
- 2.4. End-use Segment Snapshot, 2022 & 2030
- 2.5. Competitive Landscape Snapshot, 2022 & 2030
Chapter 3. North America Industrial Vending Machine Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. North America Industrial Vending Machine Market - Value Chain Analysis
- 3.3. North America Industrial Vending Machine Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. North America Industrial Vending Machine Market - Porter's Analysis
- 3.4.2. North America Industrial Vending Machine Market - PESTEL Analysis
Chapter 4. North America Industrial Vending Machine Market Type Outlook
- 4.1. North America Industrial Vending Machine Market Share by Type, 2022 & 2030 (USD Million)
- 4.2. Carousel Vending Machine
- 4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3. Coil Vending Machine
- 4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.4. Cabinet Vending Machine
- 4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. North America Industrial Vending Machine Market Product Outlook
- 5.1. North America Industrial Vending Machine Market Share by Product, 2022 & 2030 (USD Million)
- 5.2. MRO Tools
- 5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3. PPE
- 5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4. Others
- 5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. North America Industrial Vending Machine Market End-Use Outlook
- 6.1. North America Industrial Vending Machine Market Share by End-Use, 2022 & 2030 (USD Million)
- 6.2. Manufacturing
- 6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3. Oil & Gas
- 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4. Construction
- 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5. Aerospace
- 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7. North America Industrial Vending Machine Market: Regional Outlook
- 7.1. North America Industrial Vending Machine Market Share by Region, 2022 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.2.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Million)
- 7.2.3. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
- 7.2.4. Market Estimates and Forecast by End-Use, 2018 - 2030 (USD Million)
- 7.2.5. The U.S.
- 7.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.2.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Million)
- 7.2.5.3. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
- 7.2.5.4. Market Estimates and Forecast by End-Use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.2.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Million)
- 7.2.6.3. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
- 7.2.6.4. Market Estimates and Forecast by End-Use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.2.7.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Million)
- 7.2.7.3. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
- 7.2.7.4. Market Estimates and Forecast by End-Use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Market Ranking/Share Analysis, 2022
- 8.2. Company Heat Map Analysis
- 8.3. Strategy Mapping
- 8.4. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 8.4.1. Airgas, Inc.
- 8.4.2. Apex Industrial Technologies, LLC.
- 8.4.3. AutoCrib
- 8.4.4. CRIBMASTER
- 8.4.5. Fastenal Company
- 8.4.6. IMC Companies
- 8.4.7. MSC Industrial Direct Co.,Inc.
- 8.4.8. SECURASTOCK
- 8.4.9. SupplyPro, Inc.
Product Code: GVR-4-68040-079-7
List of Tables
- Table 1 North America industrial vending machine market - Industry snapshot & key buying criteria, 2018 - 2030
- Table 2 North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 3 North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 4 North America industrial vending machine market, by type, 2018 - 2030 (USD Million)
- Table 5 North America industrial vending machine market, by product, 2018 - 2030 (USD Million)
- Table 6 North America industrial vending machine market, by end-use, 2018 - 2030 (USD Million)
- Table 7 Vendor Landscape
- Table 8 Carousel vending machine North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 9 Carousel vending machine North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 10 Coil vending machine North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 11 Coil vending machine North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 12 Cabinet vending machine North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 13 Cabinet vending machine North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 14 Others North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 15 Others North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 16 MRO Tools North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 17 MRO Tools North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 18 PPE North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 19 PPE North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 20 Others North America industrial vending machine services market, 2018 - 2030 (USD Million)
- Table 21 Others North America industrial vending machine services market, by region, 2018 - 2030 (USD Million)
- Table 22 Manufacturing North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 23 Manufacturing North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 24 Oil & gas North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 25 Oil & gas North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 26 Construction North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 27 Construction North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 28 Aerospace North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 29 Aerospace North America industrial vending machine market, by region, 2018 - 2030 (USD Million)
- Table 30 Others North America industrial vending machine services market, 2018 - 2030 (USD Million)
- Table 31 Others North America industrial vending machine services market, by region, 2018 - 2030 (USD Million)
- Table 32 North America industrial vending machine market, 2018 - 2030 (USD Million)
- Table 33 North America industrial vending machine market, by type, 2018 - 2030 (USD Million)
- Table 34 North America industrial vending machine market, by product, 2018 - 2030 (USD Million)
- Table 35 North America industrial vending machine market, by end-use, 2018 - 2030 (USD Million)
- Table 36 The U.S. industrial vending machine market, 2018 - 2030 (USD Million)
- Table 37 The U.S. industrial vending machine market, by type, 2018 - 2030 (USD Million)
- Table 38 The U.S. industrial vending machine market, by product, 2018 - 2030 (USD Million)
- Table 39 The U.S. industrial vending machine market, by end-use, 2018 - 2030 (USD Million)
- Table 40 Canada industrial vending machine market, 2018 - 2030 (USD Million)
- Table 41 Canada industrial vending machine market, by type, 2018 - 2030 (USD Million)
- Table 42 Canada industrial vending machine market, by product, 2018 - 2030 (USD Million)
- Table 43 Canada industrial vending machine market, by end-use, 2018 - 2030 (USD Million)
- Table 44 Mexico industrial vending machine market, 2018 - 2030 (USD Million)
- Table 45 Mexico industrial vending machine market, by type, 2018 - 2030 (USD Million)
- Table 46 Mexico industrial vending machine market, by product, 2018 - 2030 (USD Million)
- Table 47 Mexico industrial vending machine market, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation and scope
- Fig. 2 North America industrial vending machine market, 2018 - 2030 (USD Million)
- Fig. 3 North America industrial vending machine market - Value chain analysis
- Fig. 4 North America industrial vending machine market - Market dynamics
- Fig. 5 North America industrial vending machine market - Key market driver impact
- Fig. 6 North America industrial vending machine market - Key market restraint impact
- Fig. 7 North America industrial vending machine market - Key opportunities prioritized.
- Fig. 8 North America industrial vending machine market - Porter's five forces analysis
- Fig. 9 North America industrial vending machine market - PESTEL analysis
- Fig. 10 North America industrial vending machine market, by type, 2022
- Fig. 11 North America industrial vending machine market, by product, 2022
- Fig. 12 North America industrial vending machine market, by end-use, 2022
- Fig. 13 North America industrial vending machine market, by region, 2022
- Fig. 14 North America industrial vending machine market - Regional takeaways
- Fig. 15 North America industrial vending machine market - Key takeaways
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