The North America Industrial Vending Machine Market would witness market growth of 8.8% CAGR during the forecast period (2023-2029).
The market is anticipated to expand due to SMEs' growing acceptance of these devices. It is projected that the installation of these devices will increase over the next several years due to their cost-effectiveness, enabling businesses to increase their revenue. The market is driven by several factors, including rising global demand for personal protective equipment (PPE), increasing interest in data centers for high-security industrial vending machines, rising adoption of technological advancements, and rising employee safety awareness. In addition, the market has seen enormous growth with the introduction of cutting-edge technologies. Incorporating RFID tags and cloud infrastructure will expand the business opportunities available to multilingual display systems in the upcoming years.
By tracking the time, type, and user identification, industrial vending machines can record inventory utilization, offering transparency and responsibility. These robots also increase the company's productivity by minimizing staff walk-around time and promoting employee typicity. They also resist stockpiling additional supplies. Due to their cheaper freight and stock outage costs, industrial vending machines help businesses avoid spending money on ongoing inventory replenishments. By maximizing this type, businesses may guarantee the availability of their inventory of tools and replacement components as needed. The market is expanding due to these causes.
The issue of industrial safety in the US has grown continuously with the nation's industrial growth. Workers' compensation legislation was passed around the start of the 20th century, and the Occupational Safety and Health Act of 1970 was also significant. However, industrial safety now has more emphasis on prevention than compensation, with a stronger emphasis on addressing the long-term effects of workplace risks.
The goal of OSHA is to ensure that employees work in a safe and healthy environment by establishing and upholding safety & health standards and providing training, outreach, and support. Employers must adhere to all applicable OSHA regulations. In addition, the OSH Act's General Duty Clause, which requires employers to keep their workplaces free of serious known risks, must also be followed by employees. These elements are anticipated to increase the demand in the region and support market expansion.
The US market dominated the North America Industrial Vending Machine Market by Country in 2022 thereby, achieving a market value of $1,195.3 million by 2029. The Canada market is exhibiting a CAGR of 11.3% during (2023 - 2029). Additionally, The Mexico market would experience a CAGR of 10.3% during (2023 - 2029).
Based on End-use, the market is segmented into Manufacturing, Oil & Gas, Construction, Aerospace and Others. Based on Product, the market is segmented into Personal Protective Equipment (PPE), Maintenance, Repair, & Operations (MRO) Tools and Others. Based on Type, the market is segmented into Coil Vending Machine, Carousel Vending Machine, Cabinet Vending Machine and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Industrial Vending Machine Market is Projected to reach USD 5 Billion by 2029, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apex Industrial Technologies, LLC, AutoCrib, Inc., SecuraStock, CribMaster (Stanley Black & Decker, Inc.), Fastenal Company, IVM, Inc., Rubix Group International Limited (Brammer), SupplyPro, Inc., Silkron, and Air Liquide S.A. (Airgas, Inc.).
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Manufacturing
- Oil & Gas
- Construction
- Aerospace
- Others
By Product
- Personal Protective Equipment (PPE)
- Maintenance, Repair, & Operations (MRO) Tools
- Others
By Type
- Coil Vending Machine
- Carousel Vending Machine
- Cabinet Vending Machine
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Apex Industrial Technologies, LLC
- AutoCrib, Inc.
- SecuraStock
- CribMaster (Stanley Black & Decker, Inc.)
- Fastenal Company
- IVM, Inc.
- Rubix Group International Limited (Brammer)
- SupplyPro, Inc.
- Silkron
- Air Liquide S.A. (Airgas, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Vending Machine Market, by End-use
1.4.2 North America Industrial Vending Machine Market, by Product
1.4.3 North America Industrial Vending Machine Market, by Type
1.4.4 North America Industrial Vending Machine Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Industrial Vending Machine Market by End-use
3.1 North America Manufacturing Market by Country
3.2 North America Oil & Gas Market by Country
3.3 North America Construction Market by Country
3.4 North America Aerospace Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Industrial Vending Machine Market by Product
4.1 North America Personal Protective Equipment (PPE) Market by Country
4.2 North America Maintenance, Repair, & Operations (MRO) Tools Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Industrial Vending Machine Market by Type
5.1 North America Coil Vending Machine Market by Country
5.2 North America Carousel Vending Machine Market by Country
5.3 North America Cabinet Vending Machine Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Industrial Vending Machine Market by Country
6.1 US Industrial Vending Machine Market
6.1.1 US Industrial Vending Machine Market by End-use
6.1.2 US Industrial Vending Machine Market by Product
6.1.3 US Industrial Vending Machine Market by Type
6.2 Canada Industrial Vending Machine Market
6.2.1 Canada Industrial Vending Machine Market by End-use
6.2.2 Canada Industrial Vending Machine Market by Product
6.2.3 Canada Industrial Vending Machine Market by Type
6.3 Mexico Industrial Vending Machine Market
6.3.1 Mexico Industrial Vending Machine Market by End-use
6.3.2 Mexico Industrial Vending Machine Market by Product
6.3.3 Mexico Industrial Vending Machine Market by Type
6.4 Rest of North America Industrial Vending Machine Market
6.4.1 Rest of North America Industrial Vending Machine Market by End-use
6.4.2 Rest of North America Industrial Vending Machine Market by Product
6.4.3 Rest of North America Industrial Vending Machine Market by Type
Chapter 7. Company Profiles
7.1 Apex Industrial Technologies, LLC
7.1.1 Company Overview
7.2 AutoCrib, Inc. (Snap-on Incorporated)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 SecuraStock
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 CribMaster (Stanley Black & Decker, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Fastenal Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Recent strategies and developments:
7.5.3.1 Acquisition and Mergers:
7.6 IVM, Inc.
7.6.1 Company Overview
7.7 Rubix Group International Limited (Brammer)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 SupplyPro, Inc.
7.8.1 Company Overview
7.9 Silkron
7.9.1 Company Overview
7.10. Air Liquide S.A. (Airgas, Inc.)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
TABLE 1 North America Industrial Vending Machine Market, 2019 - 2022, USD Million
TABLE 2 North America Industrial Vending Machine Market, 2023 - 2029, USD Million
TABLE 3 North America Industrial Vending Machine Market by End-use, 2019 - 2022, USD Million
TABLE 4 North America Industrial Vending Machine Market by End-use, 2023 - 2029, USD Million
TABLE 5 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Oil & Gas Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Construction Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Aerospace Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Industrial Vending Machine Market by Product, 2019 - 2022, USD Million
TABLE 16 North America Industrial Vending Machine Market by Product, 2023 - 2029, USD Million
TABLE 17 North America Personal Protective Equipment (PPE) Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Personal Protective Equipment (PPE) Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Maintenance, Repair, & Operations (MRO) Tools Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Maintenance, Repair, & Operations (MRO) Tools Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Industrial Vending Machine Market by Type, 2019 - 2022, USD Million
TABLE 24 North America Industrial Vending Machine Market by Type, 2023 - 2029, USD Million
TABLE 25 North America Coil Vending Machine Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Coil Vending Machine Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Carousel Vending Machine Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Carousel Vending Machine Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Cabinet Vending Machine Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Cabinet Vending Machine Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Industrial Vending Machine Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Industrial Vending Machine Market by Country, 2023 - 2029, USD Million
TABLE 35 US Industrial Vending Machine Market, 2019 - 2022, USD Million
TABLE 36 US Industrial Vending Machine Market, 2023 - 2029, USD Million
TABLE 37 US Industrial Vending Machine Market by End-use, 2019 - 2022, USD Million
TABLE 38 US Industrial Vending Machine Market by End-use, 2023 - 2029, USD Million
TABLE 39 US Industrial Vending Machine Market by Product, 2019 - 2022, USD Million
TABLE 40 US Industrial Vending Machine Market by Product, 2023 - 2029, USD Million
TABLE 41 US Industrial Vending Machine Market by Type, 2019 - 2022, USD Million
TABLE 42 US Industrial Vending Machine Market by Type, 2023 - 2029, USD Million
TABLE 43 Canada Industrial Vending Machine Market, 2019 - 2022, USD Million
TABLE 44 Canada Industrial Vending Machine Market, 2023 - 2029, USD Million
TABLE 45 Canada Industrial Vending Machine Market by End-use, 2019 - 2022, USD Million
TABLE 46 Canada Industrial Vending Machine Market by End-use, 2023 - 2029, USD Million
TABLE 47 Canada Industrial Vending Machine Market by Product, 2019 - 2022, USD Million
TABLE 48 Canada Industrial Vending Machine Market by Product, 2023 - 2029, USD Million
TABLE 49 Canada Industrial Vending Machine Market by Type, 2019 - 2022, USD Million
TABLE 50 Canada Industrial Vending Machine Market by Type, 2023 - 2029, USD Million
TABLE 51 Mexico Industrial Vending Machine Market, 2019 - 2022, USD Million
TABLE 52 Mexico Industrial Vending Machine Market, 2023 - 2029, USD Million
TABLE 53 Mexico Industrial Vending Machine Market by End-use, 2019 - 2022, USD Million
TABLE 54 Mexico Industrial Vending Machine Market by End-use, 2023 - 2029, USD Million
TABLE 55 Mexico Industrial Vending Machine Market by Product, 2019 - 2022, USD Million
TABLE 56 Mexico Industrial Vending Machine Market by Product, 2023 - 2029, USD Million
TABLE 57 Mexico Industrial Vending Machine Market by Type, 2019 - 2022, USD Million
TABLE 58 Mexico Industrial Vending Machine Market by Type, 2023 - 2029, USD Million
TABLE 59 Rest of North America Industrial Vending Machine Market, 2019 - 2022, USD Million
TABLE 60 Rest of North America Industrial Vending Machine Market, 2023 - 2029, USD Million
TABLE 61 Rest of North America Industrial Vending Machine Market by End-use, 2019 - 2022, USD Million
TABLE 62 Rest of North America Industrial Vending Machine Market by End-use, 2023 - 2029, USD Million
TABLE 63 Rest of North America Industrial Vending Machine Market by Product, 2019 - 2022, USD Million
TABLE 64 Rest of North America Industrial Vending Machine Market by Product, 2023 - 2029, USD Million
TABLE 65 Rest of North America Industrial Vending Machine Market by Type, 2019 - 2022, USD Million
TABLE 66 Rest of North America Industrial Vending Machine Market by Type, 2023 - 2029, USD Million
TABLE 67 Key Information – Apex Industrial Technologies, LLC
TABLE 68 Key Information – AutoCrib, Inc
TABLE 69 Key Information – SecuraStock
TABLE 70 Key Information – CribMaster
TABLE 71 Key Information – Fastenal Company
TABLE 72 Key Information – IVM, Inc.
TABLE 73 Key Information – Rubix Group International Limited
TABLE 74 Key Information – SupplyPro, Inc.
TABLE 75 Key Information – Silkron
TABLE 76 Key information – Air Liquide S.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Industrial Vending Machine Market Share by End-use, 2022
FIG 3 North America Industrial Vending Machine Market Share by End-use, 2029
FIG 4 North America Industrial Vending Machine Market by End-use, 2019 - 2029, USD Million
FIG 5 North America Industrial Vending Machine Market Share by Product, 2022
FIG 6 North America Industrial Vending Machine Market Share by Product, 2029
FIG 7 North America Industrial Vending Machine Market by Product, 2019 - 2029, USD Million
FIG 8 North America Industrial Vending Machine Market Share by Type, 2022
FIG 9 North America Industrial Vending Machine Market Share by Type, 2029
FIG 10 North America Industrial Vending Machine Market by Type, 2019 - 2029, USD Million
FIG 11 North America Industrial Vending Machine Market Share by Country, 2022
FIG 12 North America Industrial Vending Machine Market Share by Country, 2029
FIG 13 North America Industrial Vending Machine Market by Country, 2019 - 2029, USD Million