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Industrial Vending Machine Market worth $1.8 billion by 2026, at a CAGR of 11.0%

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Industrial Vending Machine Market worth $1.8 billion by 2026, at a CAGR of 11.0%

August 25
18:56 2021
Industrial Vending Machine Market worth $1.8 billion by 2026, at a CAGR of 11.0%
Industrial Vending Machine Market
[216 Pages] Industrial Vending Machine Market categrizes the Global market by Type (Vertical Lift Machine, Coil Vending Machine, Carousel Vending Machine, Scale Vending Machine), Offering, Business Model, End-user Industry, and Geography. COVID-19 Impact on Industrial Vending Machine Industry.

According to a research report Industrial Vending Machine Market with COVID-19 Impact Analysis, by Type (Vertical Lift Machine, Coil Vending Machine, Carousel Vending Machine, Scale Vending Machine), Offering, Business Model, End-user Industry, and Geography – Global Forecast to 2026″ published by MarketsandMarkets, the industrial vending machine market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 11.0%. The market growth can be attributed to several factors, such as growing need for high-security industrial vending machines in data centers, increasing use of point-of-use inventory management and tracking solutions for industrial and safety supplies, and integration of IoT and cloud infrastructure into industrial vending machines.

– Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201841752

Browse 163 market data Tables and 51 Figures spread through 216 Pages and in-depth TOC on “Industrial Vending Machine Market – Global Forecast to 2026”
View detailed Table of Content here https://www.marketsandmarkets.com/Market-Reports/industrial-vending-machine-market-201841752.html

Industrial Vending Machine Market

Vertical lift machines segment to grow with the highest CAGR during the forecast period

The growing need to optimize warehouse floor space, rising warehouse rentals, increasing focus on worker safety and security, and benefits associated with the deployment of VLMs compared to standard shelving systems are driving the growth of the VLM segment. Designed to deliver stored items to the operator and eliminate walk and search time, the VLM can increase two-third of productivity. The vertical lift machines offer more flexibility than other Automated Storage and Retrieval Systems (ASRSs) solutions. Unlike large ASRS systems that require a complete refurbishment of the warehouse or production area, VLM systems are modularized and easy to implement. The modular construction gives the ability to change the unit’s height to meet future needs and capitalize further on the initial investment.

Manufacturing end-user industry to hold the largest share of the market during the forecast period

The use of a vending machine for industrial supply helps eliminate costly restocking delays by predicting tool shortages. With wireless connectivity, customizable configurations, operational reports, and mobility, the industrial vending machines provide actionable data that allow managers to make daily decisions and plans for long-term strategic initiatives to keep operations running at full efficiency. They also provide gauge calibration management and detailed audit trail information for accurate quality control and recall operations. The vending machine used in the manufacturing industry dispenses items such as machine calibration equipment and gauges, precision tools and gauges, and work tools (screwdrivers, wrenches, drills, and saws).

North America is leading the industrial vending machine market in 2020

North America held the largest share in the industrial vending machine market in 2020. North America is expected to continue to dominate the industrial vending machine market during the forecast period due to the high demand for industrial vending technology in the region, predominantly from the healthcare and manufacturing end-user industries. These end-user industries have a large presence in North America, which is consequently driving the demand for industrial vending machines. The US and Canada are the leading markets in North America due to the rising production of MRO/PPE products and increasing government-led funding.

Some of the key companies operating in the market are AutoCrib, Inc. (US), Fastenal Company (US), Airgas, Inc. (US), BRAMMER (Norway), SupplyPoint (UK), SupplyPro, Inc. (US), SECURASTOCK, LLC. (US), CribMaster (Georgia), IVM, Inc. (US), and Silkron (Malaysia), and so on.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

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Contact Person: Mr. Aashish Mehra
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Website: https://www.marketsandmarkets.com/Market-Reports/industrial-vending-machine-market-201841752.html


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