NEWS | Industry Updates


systems have enabled the tracking and monitoring of inventory for the prevention of fraudulent activities such as misuse and theft, which is expected to drive market expansion.


Industrial vending machines help save costs by saving employee


Emphasis on employee safety and PPE fuels growth in industrial vending sector


The global industrial vending machine market size is expected to reach USD 5.8 billion by 2030 growing at a rate of 9.7%, according to the latest report from ResearchAndMarkets.com Technological advancements in vending machines have enabled companies to improve inventory management efficiency and monitor inventory consumption with real-time data analysis, thereby driving the market growth. The adoption of industrial vending machines is expected to


increase during the coming years due to cost efficiency, which would enable businesses to generate higher revenues. Moreover, a growing emphasis on employee safety drives the use of personal protective equipment (PPE), subsequently resulting in increased adoption of industrial vending machines for PPE. Key industry sectors such as automotive, construction, aviation, manufacturing, and oil and gas are the prominent end-use industries that are highly dependent on the use of MRO tools, personal protective equipment, and other consumables and durables. The increasing expansion of these industries due to rising industrialisation and globalisation is expected to drive the demand for industrial vending machines. The ongoing technological revolution in the vending industry


is expected to have a positive impact on market growth. The implementation of RFID and cloud infrastructure in vending


job hours. Efficient inventory management enables employees to work productively within fixed hours, thereby preventing the wastage of employee work hours. Moreover, industrial vending machines enable the lowering of freight costs and stock outages, which is anticipated to drive demand for these machines and subsequently aid market growth.


Industrial Vending Machine Market Report Highlights • The coil vending machine segment accounted for 37.9% of the global revenue share in 2021, owing to its higher penetration across various end-use industries such as construction, manufacturing, and oil & gas


• The PPE segment accounted for the largest share of 41.4% in 2021 owing to factors such as increased use of protective items, including hard hats, safety goggles, and safety gloves across various industries


• The manufacturing industry is expected to witness growth at a rate of 9.8% during the forecast period. This is credited to the strong growth in the manufacturing sector worldwide, especially in emerging economies


• North America region accounted for the largest share of 35.0% in 2021, owing to the strong presence of the key players and distributors, along with high awareness about these machines across various industries


• Key players are opting for various strategies, including product development, expansion to new geographic locations, and joint ventures, in order to increase sales and improve market share


Shaping the future of vegan coffee speciality culture


WMF Professional Coffee Machines and vly have entered into a partnership said to underscore sustainable development. Coffee specialities with plant-based


alternatives to milk have become an important sales driver in the coffee industry. With their combined expertise in the areas


of machine technology, coffee excellence, plant-based beverage trends and forward- thinking food development, the two partners aim to actively promote a vegan/vegetarian future in the German coffee industry. “As a provider of comprehensive solutions, we are committed not only to equipping customers of WMF Professional Coffee Machines with the necessary machine features, but, just as importantly, to share our knowledge and expertise


relating to important beverage trends and their high-quality, profit-enhancing implementation by caterers and restaurant proprietors. A partnership with vly, a Berlin-based food start-up in the field of plant-based alternatives, allows us to advise and support customers even more comprehensively than before,” says Axel Fähnle, head of global brand marketing, content and market activation, GBU Professional Coffee Machines at WMF GmbH. The Geislingen-based premium manufacturer offers the entire range of plant-based milk alternatives. Here, WMF works together with well-known suppliers such as Alpro, the market leader for plant- based alternative products.


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