For the industrial distributor, vending machines can provide value-added services to differentiate your company from other high-profile distributors. According to Grand View Research, the global industrial vending market is expected to grow to $3.72 billion by 2025, and distributors have witnessed first-hand that if they fail to offer vending as a service, someone else will.
Source: Grand View Research
Studies Suggest
- Manufacturers will keep adding industrial vending equipment for more efficient inventory tracking.
- Personal protective equipment (PPE) is predicted to be the fastest-growing product segment.
- Coil machines are expected to be the largest and fastest-growing type of vending.
This increasing market growth offers distributors a prime opportunity to deliver real value to their customers and increase customer stickiness in a time when having an edge can mean the difference between keeping a customer or losing them to the competition.