North America Industrial Vending Machine Market Size & Outlook
North America industrial vending machine market, 2017-2030 (US$M)
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North America industrial vending machine market highlights
- The North America industrial vending machine market generated a revenue of USD 1,049.8 million in 2023.
- The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, coil vending machine was the largest revenue generating type in 2023.
- Carousel Vending Machine is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,049.8 million |
| Market revenue in 2030 | USD 1,995.4 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Coil vending machine |
| Fastest growing segment | Carousel Vending Machine |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carousel Vending Machine, Coil Vending Machine, Cabinet Vending Machine, Other |
| Key market players worldwide | Snap-on Inc, Thermo Fisher Scientific Inc, Berkshire Hathaway Inc Class B, Stanley Black & Decker, Fastenal Co, Air Liquide SA |
Other key industry trends
- In terms of revenue, North America region accounted for 34.9% of the global industrial vending machine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,355.3 million by 2030.
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Industrial Vending Machine Market Scope
Industrial Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America industrial vending machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial vending machine market will help companies and investors design strategic landscapes.
Coil vending machine was the largest segment with a revenue share of 37.31% in 2023. Horizon Databook has segmented the North America industrial vending machine market based on carousel vending machine, coil vending machine, cabinet vending machine, other covering the revenue growth of each sub-segment from 2017 to 2030.
The North American region has a large number of manufacturing companies that would enable the adoption of industrial vending machines. These machines are expected to reduce the downtime cost and improve plant efficiency.
Companies such as Equipment Wallet, a Canada based financial services company, are enabling small enterprises to purchase industrial equipment at a fair rate o f interest. Thus, such schemes are expected to stimulate the adoption of industrial vending machines in this country.
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Our clientele includes a mix of industrial vending machine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial vending machine market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial vending machine market size, by country, 2017-2030 (US$M)
North America Industrial Vending Machine Market Outlook Share, 2023 & 2030 (US$M)
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