Global Fastener News

click to enlarge

The global industrial vending machine market is expected to grow from $1.6 billion in 2024 to $2.5 billion by 2029, at a CAGR of 10.1%, according to a Markets and Markets report.

The report analyzed the projected value of industrial vending machines by type (vertical lift, coil, carousel, scale, locker or drawer) and found that the carousel vending machine is expected to experience the most growth in value due to its ability to have compartments of various sizes and the fact that it can provide access to products by item, employee or designation. Additionally, the carousel vending machine has fewer moving parts, reducing its overall maintenance cost.

The report also revealed that the aerospace segment is expected to be one of the major adopters of industrial vending machine technology as a way to reduce foreign object debris (FOD). These machines will keep track of items and manage critical assets such as radios, scanners and airport ramp operations.

Europe is showing significant growth in the adoption of industrial vending machine industry. The growing emphasis on sustainability within the UK manufacturing sector. Vending machines can contribute to this by minimizing waste and ensuring optimal utilization of resources. The UK government has initiatives promoting Industry 4.0 adoption in manufacturing. This includes potential funding or tax breaks for companies implementing solutions like industrial vending machines that contribute to a more connected and automated factory environment. Industrial vending machines are finding applications beyond traditional manufacturing sectors like automotive or aerospace hence, they are also being used in healthcare and construction sites.

The key players in the industrial vending machine market include:

• Fastenal Company (US)
• Airgas, Inc. (US
• Rubix Group (UK)
• MSC Industrial Direct Co., Inc. (US)
• Turtle (US)

The report costs $4,950. Web: marketsandmarkets.com