Industrial vending machines
enable organizations to adopt 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 more secure and
easier way.
In recent years, companies in the
manufacturing and oil and gas industries are increasingly using
industrial vending machines for personal protective equipment (PPE).
They are also increasingly being deployed by manufacturing facilities in
the aviation industry.
The report offers detailed assessment of
key growth drivers and trends and presents a holistic view of the
competitive landscape in the industrial vending machines market. The
various insights and estimations help market participants get clear and
in-depth idea of the evolution trajectories of the market.
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The rising need for reducing production
downtime costs in organizations in various industry verticals is a key
factor propelling the demand for industrial vending machines. The
adoption of better inventory management approaches is rising in
industries such as the manufacturing, aerospace, engineering services,
and oil and gas industries. This is also aiding in the rapid expansion
of the market. Constant technological advancements in industrial vending
machines are improving their performance in MRO and inventory
management. The advent of machines incorporated with RFID and cloud has
created lucrative prospects in the global market. They are increasingly
demanded by numerous manufacturing industries to keep a real-time
visibility on the use and purchase of tools and equipment.
The global industrial vending machines
market is gaining increasing momentum from the rising deployment of the
equipment among small and medium-scale enterprises in various parts of
the world. Moreover, this has picked up pace on account of the
availability of machines on rental basis. Efforts of OEMs to develop
customized industrial vending machines to meet the individual and
specialized needs of end users are opening new, exciting avenues for
market players to capitalize on. Furthermore, stringent implementation
of regulations pertaining to employee safety in various countries is
fueling the demand or industrial vending machines for PPE.
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