Global Industrial Vending Machine Market is expected to reach $4.37 billion by 2026 growing at a CAGR of 9.8% during 2017-2026.
Some of the key players profiled in the Industrial Vending Machine market include Airgas, Inc., Apex Industrial Technologies, LLC, AutoCrib, Inc., Brammer, CMT Industrial Solutions, CribMaster, Fastenal Company, MSC Industrial Direct Co., Inc., IVM Ltd., Silkron, SupplyPoint, SupplyPro, Inc. and W.W. Grainger, Inc.
Gaithersburg, Maryland, United States – September 9, 2019 /MarketersMedia/ —
Increasing product usage in many small- and Medium-sized Enterprises (SMEs) and speciality manufacturing units owing to long-term benefits of cost-saving. However, high initial capital investment for SMEs and difficulty in finding system failure results in increasing the downtime, which in turn expected to restrain the growth of the Industrial Vending Machine market.
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Industrial vending machines enable organizations to adopt a new, automated approach to maintenance, repair, and operations (MRO) inventory management, thus optimizes their MRO spends. They help in automatic dispensing of MRO items and also enable automatic record-keeping, thereby enabling MRO category managers in streamlining inventory management. End users usually source industrial vending machines from original equipment manufacturers and are available in different types such as carousel vending and coil vending. Their use has lowered operational downtime, especially critical in the aviation industry. Internet of things (IoT)-enabled industrial machines are gathering steam among various end-users. Powered by cloud technologies, they help end-users track inventory in a more secure and easier way.
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Based on types, coil machines likely to have a huge demand due to their large inventory holding capacity. By Geography, Asia Pacific is constantly enhancing during the forecast period due to increasing adoption of automation processes across various industries in this region.
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Types Covered:
• Carousel
• Coil
• Other Segments
Analysis Covered:
• 1000KG Industrial Vending Machine
• 500-1000KG Industrial Vending Machine
Products Covered:
• Maintenance, Repair and Operations (MRO)
• Personal Protective Equipment (PPE)
• Other Products
Applications Covered:
• Automotive and Heavy Equipment
• Aviation and Aerospace
• Energy and Utilities
• Food Processing and Beverage Industry
• Medical and Pharmaceuticals
• Other Applications
End Users Covered:
• Manufacturing
• Oil & Gas
• Other End Users
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com
Source: MarketersMedia
Release ID: 88916616
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