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Industrial Vending Machines Market Size, Share & Industry Analysis, By Type (Carousel Vending Machine, Coil Vending Machine, and Others), By Product (Maintenance, Repair and Operations (MRO), Personal Protective Equipment (PPE), and Others), By End-User (Manufacturing, Oil & Gas, and Others) and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI103176



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The global industrial vending machines market size stood at USD 2.17 billion in 2019 and is projected to reach USD 3.68 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period.

The rising emphasis on adopting technological implications in the vending industry, for real-time inventory management of products such as manufacturing equipment and tools is attributing to the growth. These systems are installed in manufacturing plants and oil and gas industries for automatic dispensing of PPE and MRO tools in order to ease the streamlining of inventory management processes. Implementation of these vending systems has reduced the operational downtime in the critical manufacturing process in the aviation industry. Moreover, the primary advantage of this system focuses on employee safety, by increasing the usage of personal protective equipment (PPE), thus supporting the product demand globally.


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Emergence of Advanced Technologies to Boost Industry Scope

The emergence of advanced technologies is providing impetus to the industry development, by integrating the vending machines with RFID tags and cloud infrastructure to develop a multi-lingual display system. Intelligent machines can be used for all types of items or products of different sizes and shapes without the necessity for staff intervention and protect any object from unauthorized access by requiring security codes. Moreover, smart machines that are IOT-enabled, are integrated with RFID tags for inventory management, supporting their adoption. IVM’s vending machines are integrated with SaveLog software that records each transaction using RFID tags, along with multi-language displays and alerts for filling up the stock.


Increasing Emphasis on Employee Safety Uplifts the Use of Personal Protective Equipment (PPE) Across the World

The major market players are opting for advanced technological solutions for vending machines that have minimal power consumption and high work efficiency. Automotive and aviation manufacturing sectors, oil and gas, welding industry, military, and defense are the key consumers, that highly depend on the industrial vending system owing to the basic and important priority for the personal protective equipment, thus drives the market globally. PPE is useful to protect the worker or employee against the safety and health risks at the manufacturing site. The Occupational Safety and Health Act of 1970 has led to the minimization of workplace accidents in the United States for the last 4 decades, which includes industry-specific safety guidelines for construction, manufacturing, and maritime sectors. These machines offer PPE items such as safety helmets, eye protection goggles, footwear, safety harnesses, and respiratory protective equipment helps to reduce the risks over the employees and simultaneously tracks and maintains the accessibility of tools of each employee, henceforth uplifts the market growth throughout the world.

Rising Adoption of Industrial Vending Machine by SME Manufacturing Units

Applications served by these machines can cater to the enormous customer base, whether a leading player or a small and medium enterprise. The emerging SME’s across several regions opt for carousal vending machine, as these machines are cost-effective and require less floor space and minimum energy consumption. These vending systems help to mitigate the management of inventories and enhance their performance to create a positive market position, propelling the equipment demand globally.


High Purchasing Cost Hinders and Caters the Rental Model Market

Industrial vending machines are highly complicated designed vending systems, leading to soaring initial purchasing cost. The recent outbreak of pandemic COVID-19 has led to shut down of the manufacturing sector, thus restricting the adoption of vending machines. These machines are costing high maintenance with unnecessary operational downtime to the manufacturers in the current lockdown period, hampering the market growth throughout the world.


By Type Analysis

Coil Vending Machine to Hold Highest Market Share in the Forecast Period

The global market is segmented into different types such as carousal vending machine, coil vending machine, and others.

Coil vending machine is anticipated to have the highest market growth, owing to the rising demand for high capacity industrial vending systems in several end-user industries. This type of vending machine has a higher capacity of holding the inventories, easy to organize, and maintain with less power consumption.

The Carousel vending machines are expected to witness progressive growth, owing to its rising demand in small and medium enterprises (SME). As the carousal systems are cost-effective and occupy less floor space, they are highly adopted by the new market entrants. Furthermore, the other cabinet vending machines are likely to witness substantial growth, as these systems have less storage capacity along, consumes more power and low technology integration.

By Product Analysis

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Personal Protective Equipment (PPE) to Clutch Highest CAGR in the Near Future

The global market is segmented on the basis of type, which is further sub-segmented into maintenance, repair, and operations (MRO), personal protective equipment (PPE), and others.

Personal protective equipment (PPE) is projected to witness remarkable market growth due to the increased adoption of protective equipment such as helmet, gloves, tinted glass welding masks, and many more for employee safety. Rising government regulations regarding employee safety have been strictly followed by the industries, thus increasing the implementation of industrial vending machines throughout the world.

Maintenance, repair, and operations (MRO) are expected to depict progressive growth, as the need for tools, spare parts, tool kits, sealants, testing equipment, and many more increases as per the demand in industries downtime. MRO equipment is stocked on a large scale in industries that face a high downtime period. The other products are likely to have stagnant growth owing to its limited applications and high purchasing cost.

By End-User Analysis

Manufacturing Sector to Witness Highest Growth Rate in the Coming Future

By application, the market is bifurcated into manufacturing, oil and gas, and others.

The manufacturing sector is expected to hold the highest share and CAGR, owing to the need for maintenance, repair, and operations (MRO) tools, and personal protective equipment (PPE) across the aviation and automotive manufacturing industry. Personal protective equipment (PPE) is a basic need to cope up with the employee safety regulations along with improving operational efficiency and real-time inventory management, thus enhancing the demand of the vending machine in the manufacturing sector.

The oil and gas sector has witnessed a rising demand for industrial vending systems, due to the need for precise inventory management systems to look over the high-cost drilling equipment and personal protective equipment. Up-to-date reporting of each employee accessed equipment helps to maintain and organize the inventories in the industry, leading to high dependence over the industrial vending machine.

The other industries such as military and defense opt for this vending machine to offer customized military equipment, hence depicts stable market growth.


Asia Pacific Industrial Vending Machines Market Size, 2019 (USD Billion)

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The market is anticipated to witness a progressive growth in Asia Pacific countries owing to the rapidly developing manufacturing industry in the region. Industrial manufacturers in India, China, and South Korea are deploying vending machines to enhance productivity and efficiency in the overall manufacturing process. These machines aid in improving inventory management and ensure timely access to needed supplies, attributing to the market size. However, the recent outbreak COVID-19 in China is expected to hamper the growth in 2020. Government authorities in the region have implemented stringent lockdowns, restricting the people's movements. This is anticipated to lower the demand for new machines in the forthcoming years in the region.

The demand for vending machines is increasing in North America owing to the rising concerns about worker safety. With the help of intelligent vending machines and increasing adoption of automation processes, companies can easily track, access supplies at a particular time, and offer valuable insight into internal supply requirements. This data offers companies more control than a regular industrial vending machine. As a result, they can restrict items from certain members of employees for health and safety reasons. However, the outbreak of COVID-19 has significantly impacted the U.S. manufacturing industry. Manufacturing facilities are closed owing to the unavailability of workers and raw material, hindering the market.

The increasing number of SMEs in European countries, including the UK, Germany, and France is driving the market growth. SMEs are deploying vending machines to offer employees with enhanced accessibility to useful tools, increasing the overall productivity and accountability. However, the increasing prevalence of COVID-19 in countries such as Italy, the UK, France, and Russia is hampering the demand for these machines. Companies are expected to postpone the purchase of new machines for cost-cutting and maintaining financial stability in the pandemic outbreak.

Moreover, the rapidly developing oil & gas industry in the Middle East and African countries such as Saudi and UAE is expected to propel the market growth. Oil & gas companies are utilizing these machines to enable efficient usage of protective equipment, such as goggles, gloves, and helmets, contributing to market size expansion. Furthermore, the manufacturing industry in Latin America is witnessing growth. Companies are installing vending machines for managing inventory, streamlining the ordering process, and reducing additional expenses.


Fastenal, AutoCrib, IVM and Apex Industrial Technologies are Opting for Technological Revolution to Improve Inventory Management System and Product Portfolio

Key market players like Fastenal, AutoCrib, IVM, and Apex Industrial Technologies are highly participating in the technological revolution by integrating their industrial vending systems with cloud infrastructure and RFID tags. These advanced features enable operating of the vending machine 24/7 without any break in workflow along with up-to-date reports of the tools consumption. These organizations are presenting such advanced products to cater to their huge industrial customer base, thus helps in maintaining their market position.

Furthermore, Apex Industrial Technologies integrates its industrial vending systems with Trajectory Cloud software and Apex Connect n’ Go Technology offering deep insights over stock replenishment, reorder points, usage patterns, and device service needs. Similarly, Fastenal Company’s stock-keeping units (SKU) range is incorporated with sensor-based measurement technologies for faster and simpler transactions, thus enabling easier inventory control and management.

List of Key Companies Profiled:

  • Fastenal Company (Minnesota, United States)

  • AutoCrib, Inc. (California, United States)

  • IVM Ltd. (Indiana Polis, United States)

  • Apex Industrial Technologies LLC. (Ohio, United States)

  • Silkron (Penang, Malaysia)

  • SupplyPro, Inc. (California, United States)

  • SupplyPoint  (Rugby, United Kingdom)

  • CribMaster (Marietta, Georgia)

  • CMT Industrial Solutions (South Carolina, United States)

  • Brammers (London, United Kingdom)


  • March 2020: Fastenal purchased an undisclosed amount of assets from Apex Industrial Technologies, a provider of industrial vending solutions, aiding the company to enhance its business operations

  •  March 2019: AutoCrib introduced a next-generation enterprise inventory management software named Arcturus, a cloud-based platform that integrates with the ERP software to maintain the track of inventories of the vending machine


The global industrial vending machines market report offers an elaborative analysis of numerous factors affecting on market. These include opportunities, growth drivers, threats, key industry developments, and restraints. In addition to this, it further helps in analyzing, segmenting, and defining the market based on different segments such as type and applications. It strategically examines several strategies such as product innovations, mergers, alliances, joint ventures, and acquisitions adopted by players to gain a competitive edge in the market and attract high market revenue in the forecast duration.

An Infographic Representation of Industrial Vending Machines Market

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Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



  Value (USD billion)


By Type

  • Carousel Vending Machine

  • Coil Vending Machine

  • Others (Cabinet Vending Machine, etc.)

By Product

  • Maintenance, Repair, and Operations (MRO)

  • Personal Protective Equipment (PPE)

  • Others (Cutting Tools, etc.)

By End-User

  • Manufacturing

  • Oil & Gas

  • Others (Military & Defense, etc.)

By Region

  • North America (the U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, Southeast Asia, and the Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

Frequently Asked Questions

Fortune Business Insights says that the value of the market was USD 2.17 billion in 2019

The market is projected to reach USD 3.68 billion by 2027

The market will grow at a rate of 6.9% CAGR. The rising emphasis on adopting technological implications in the vending industry, for real-time inventory management of products such as manufacturing equipment and tools is attributing to this market

Asia Pacific is expected to witness the highest growth rate with a revenue generation of USD 0.67 billion in 2019 rapidly developing manufacturing industry in several Asia Pacific countries

Coil vending machine is expected to be the leading segment in the market during the forecast period

The increasing emphasis on employee safety uplifts the use of personal protective equipment (PPE) and rising adoption of the industrial vending machine by SME manufacturing units boosts the market growth

Fastenal, AutoCrib, IVM and Apex Industrial Technologies are the top players in the market

Asia Pacific is projected to witness the highest market growth, owing to the increasing number of manufacturing activities in China and India

The manufacturing segment is expected to lead the market during the forecast period

The emergence of advanced technologies is the current market trend

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Industrial Vending Machines Market Size, Share and Global Industry Trend Forecast till 2026
  • Jul, 2020
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  • 2016-2018
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